Advanced Search
MyIDEAS: Login to save this article or follow this journal

The Sensitivity of Findings of Expected Bookmaker Profitability

Contents:

Author Info

  • Kevin Krieger

    ()
    (Department of Accounting and Finance, University of West Florida, Pensacola, FL, USA)

  • Andy Fodor

    (Finance Department, Ohio University, Athens, OH, USA)

  • Greg Stevenson

    (University of Tulsa, OK, USA)

Registered author(s):

    Abstract

    Levitt demonstrates that, contrary to conventional wisdom, sports books may not try to balance the money wagered on the sides of a game but instead exploit preferences of bettors in order to maximize expected profits. Levitt’s findings are based on unique data from a wagering contest of the 2002 National Football League (NFL) season. Reconsideration based on 2004-2010 data from a similar contest yields findings of a dramatically smaller increase in expected profitability from strategic line making. Additionally, the traditional underperformance of favorites in athletic wagering may have somewhat subsided, which would also imply reduced bookmaker profits compared to those Levitt reports.

    Download Info

    If 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.
    File URL: http://jse.sagepub.com/content/14/2/186.abstract
    Download Restriction: no

    Bibliographic Info

    Article provided by in its journal Journal of Sports Economics.

    Volume (Year): 14 (2013)
    Issue (Month): 2 (April)
    Pages: 186-202

    as in new window
    Handle: RePEc:sae:jospec:v:14:y:2013:i:2:p:186-202

    Contact details of provider:

    Related research

    Keywords: sports wagering; efficient markets; gambling;

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    1. Krieger, Kevin & Fodor, Andy, 2013. "Price movements and the prevalence of informed traders: The case of line movement in college basketball," Journal of Economics and Business, Elsevier, vol. 68(C), pages 70-82.

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:sae:jospec:v:14:y:2013:i:2:p:186-202. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (SAGE Publications).

    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.