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The Financial Consequences of Unbalanced Betting on NFL Games

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Author Info

  • Brad R. Humphreys

    () (University of Alberta)

Abstract

Previous research on point spread betting often assumed that bookmakers attract an equal volume of bets on either side of games in order to maximize profits. This paper examines the plausibility of this assumption. Financial simulations based on actual bet volumes on NFL games, point spreads, and game outcomes over the 2005-2008 NFL seasons indicate that unbalanced betting generated positive profits for book makers, including profits larger than would have been made if the betting volume was balanced on all games.

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Bibliographic Info

Article provided by Fitness Information Technology in its journal International Journal of Sport Finance.

Volume (Year): 6 (2011)
Issue (Month): 1 (February)
Pages: 60-71
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:jsf:intjsf:v:6:y:2011:i:1:p:60-71

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Related research

Keywords: point spread betting; financial simulation;

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