The Effects of the Clock and Kickoff Rule Changes on Actual and Market-Based Expected Scoring in NCAA Football
AbstractClock rule changes were introduced in the 2006 season with the goal of reducing the average duration of the game; these changes were reversed in 2007. In addition, in 2007 the kickoff rule was changed to create more excitement and potentially more scoring. We examine what happened to actual and expected scoring during these National Collegiate Athletic Association (NCAA) football seasons. The clock rule change in 2006 led to lower scoring which was not fully encompassed in the betting market, leading to significant returns to betting the under. Multiple rule changes in 2007 led to volatility in the betting market that subsided by season’s end.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by MDPI, Open Access Journal in its journal International Journal of Financial Studies.
Volume (Year): 2 (2014)
Issue (Month): 2 (April)
Contact details of provider:
Web page: http://www.mdpi.com/
rule change; amateur sports; scoring; gambling; betting; market efficiency; prediction markets;
Find related papers by JEL classification:
- G1 - Financial Economics - - General Financial Markets
- G2 - Financial Economics - - Financial Institutions and Services
- G3 - Financial Economics - - Corporate Finance and Governance
- F2 - International Economics - - International Factor Movements and International Business
- F3 - International Economics - - International Finance
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
- F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Banerjee, Anurag N. & Swinnen, Johan & Weersink, Alfons, 2004.
"Skating on thin ice: rule changes and team strategies in the NHL,"
Discussion Paper Series In Economics And Econometrics
0401, Economics Division, School of Social Sciences, University of Southampton.
- Anurag N. Banerjee & Johan F. M. Swinnen & Alfons Weersink, 2007. "Skating on thin ice: rule changes and team strategies in the NHL," Canadian Journal of Economics, Canadian Economics Association, vol. 40(2), pages 493-514, May.
- Anurag N. Banerjee & Johan F.M. Swinnen & Alfons Weersink, 2006. "Skating on Thin Ice: Rule Changes and Team Strategies in the NHL," LICOS Discussion Papers 17506, LICOS - Centre for Institutions and Economic Performance, KU Leuven.
- Rodney J. Paul & Andrew P. Weinbach, 2009. "Sportsbook Behavior in the NCAA Football Betting Market: Tests of the Traditional and Levitt Models of Sportsbook Behavior," Journal of Prediction Markets, University of Buckingham Press, vol. 3(2), pages 21-37, August.
- Rodney Paul & Andrew Weinbach, 2005. "Bettor preferences and market efficiency in football totals markets," Journal of Economics and Finance, Springer, vol. 29(3), pages 409-415, September.
- Steven D. Levitt, 2004. "Why are gambling markets organised so differently from financial markets?," Economic Journal, Royal Economic Society, vol. 114(495), pages 223-246, 04.
- Fama, Eugene F, 1970. "Efficient Capital Markets: A Review of Theory and Empirical Work," Journal of Finance, American Finance Association, vol. 25(2), pages 383-417, May.
- Camilla Mastromarco & Marco Runkel, 2009.
"Rule changes and competitive balance in Formula One motor racing,"
Taylor & Francis Journals, vol. 41(23), pages 3003-3014.
- Mastromarco, Camilla & Runkel, Marco, 2004. "Rule Changes and Competitive Balance in Formula One Motor Racing," Discussion Papers in Economics 386, University of Munich, Department of Economics.
- BRYAN C. McCANNON, 2011. "Strategic Offsetting Behavior: Evidence From National Collegiate Athletic Association Men'S Basketball," Contemporary Economic Policy, Western Economic Association International, vol. 29(4), pages 550-563, October.
- repec:ccp:journl:v:10:y:2003:i:12:p:783-785 is not listed on IDEAS
- Alex Edmans & Diego García & Øyvind Norli, 2007. "Sports Sentiment and Stock Returns," Journal of Finance, American Finance Association, vol. 62(4), pages 1967-1998, 08.
- Rodney Fort & Young Hoon Lee, 2007. "Structural Change, Competitive Balance, And The Rest Of The Major Leagues," Economic Inquiry, Western Economic Association International, vol. 45(3), pages 519-532, 07.
- Cyree, Ken B., 2000. "The erosion of the Glass-Steagall Act:: Winners and losers in the banking industry," Journal of Economics and Business, Elsevier, vol. 52(4), pages 343-363.
- Adrian R. Bell & Chris Brooks & David Matthews & Charles Sutcliffe, 2012.
"Over the moon or sick as a parrot? The effects of football results on a club's share price,"
Taylor & Francis Journals, vol. 44(26), pages 3435-3452, September.
- Adrian Bell & Chris Brooks & David Matthews & Charles Sutcliffe, 2009. "Over the Moon or Sick as a Parrot? The Effect's of Football Results on a Club's Share Price," ICMA Centre Discussion Papers in Finance icma-dp2009-08, Henley Business School, Reading University.
- José Correia Guedes & Fernando S. Machado, 2002. "Changing rewards in contests: Has the three-point rule brought more offense to soccer?," Empirical Economics, Springer, vol. 27(4), pages 607-630.
- Fama, Eugene F, et al, 1969. "The Adjustment of Stock Prices to New Information," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 10(1), pages 1-21, February.
- Evan Osborne, 2001. "Efficient Markets? Don't Bet on It," Journal of Sports Economics, , vol. 2(1), pages 50-61, February.
- J. K. Ashton & B. Gerrard & R. Hudson, 2011. "Do national soccer results really impact on the stock market?," Applied Economics, Taylor & Francis Journals, vol. 43(26), pages 3709-3717.
- Fama, Eugene F, 1991. " Efficient Capital Markets: II," Journal of Finance, American Finance Association, vol. 46(5), pages 1575-617, December.
- Schwert, G William, 1981. "Using Financial Data to Measure Effects of Regulation," Journal of Law and Economics, University of Chicago Press, vol. 24(1), pages 121-58, April.
- La Croix, Sumner J & Kawaura, Akihiko, 1999. "Rule Changes and Competitive Balance in Japanese Professional Baseball," Economic Inquiry, Western Economic Association International, vol. 37(2), pages 353-68, April.
- Brian M. Lucey & Michael Dowling, 2005. "The Role of Feelings in Investor Decision-Making," Journal of Economic Surveys, Wiley Blackwell, vol. 19(2), pages 211-237, 04.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (XML Conversion Team).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.