Sports economics is a well-established and dynamic area of study; a key component in the fields of sport management, sport science and sport studies, as well as in other areas of economics, finance and management. Covering amateur to professional sports, individual events and organised tournaments, this Handbook provides an authoritative contribution to the understanding of sport in the economy. The editors of The SAGE Handbook of Sports Economics have brought together a global team of respected scholars to create this benchmark collection of insights into sports economics. Each chapter includes a study of a specific context in which issues arise in sports economics, a critical presentation of its main theoretical contributions, an overview of current research findings, and an outline of enquiry for future research. PART I: The Nature and Value of the Sports System and Economy; PART II: Amateur Sports Participation, Supply and Impact; PART III: Professional Team Sports; PART IV: Professional Sports Leagues; PART V: Sports Events and their Impacts; PART VI: Individual Sports; and PART VII: Future Research.
There has been sports betting for as long as there has been organised sport. Indeed, the emergence of a professional sports sector in the eighteenth century owed much to betting interest. From his study of the development of rules in sport, Vamplew (2007) concluded that, in this early period, ‘primacy in the formation of rules can be attributed to gambling'. Munting (1996) noted that the rules of golf and cricket, two of the most popular modern sports, were in fact written down for the first time by betting interests, which needed rules to make bettors confident in the fairness of contests and to prevent possible ambiguity in terms of which were winning bets.1 But rules, once set ...