This study has investigated the semi-strong efficiency in cricket
betting market namely for T20 matches. The results suggest that market
updates its information quickly and incorporates any upcoming
information into the odds. The results are consistent with studies of
semi strong efficiency in sports about information efficiency in sports.
It can be said that the betting market for T20 cricket is semi strong
efficient as any new information is updated quickly into the odds. The
chance for arbitration is very limited. The results suggest that outcome
from the ball is the most important variable in analysing the payoff
obtained by betting on any given ball. There were other variables also
included like batsman's strike rate of the batsman who is facing the
ball, bowlers economy rate, over number and dummy variable wicket.
Statistical results obtained through regression and correlation suggests
that only outcome and wicket are the significant variables in predicting
the payoff.