Racial Bias in the NBA: Implications in Betting Markets
AbstractRecent studies have documented the existence of an own-race bias on the part of sports officials. In this paper we explore the implications of these biases on betting markets. We use data from the 1991/92 - 2004/05 NBA regular seasons to show that a betting strategy exploiting own-race biases by referees would systematically beat the spread.
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Bibliographic InfoArticle provided by De Gruyter in its journal Journal of Quantitative Analysis in Sports.
Volume (Year): 4 (2008)
Issue (Month): 2 (April)
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Web page: http://www.degruyter.com
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- Igan, Deniz & Pinheiro, Marcelo & Smith, John, 2011. ""White men can't jump," but would you bet on it?," MPRA Paper 31469, University Library of Munich, Germany.
- Igan, Deniz & Pinheiro, Marcelo & Smith, John, 2012. "Racial biases and market outcomes: "White men can't jump," but would you bet on it?," MPRA Paper 36069, University Library of Munich, Germany.
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