Efficiency in the NFL betting market: modifying and consolidating research methods
AbstractModifying and consolidating previous research methods to generate more reliable estimates, some fairly weak evidence is found of inefficiency in the NFL betting market resulting from a bias favouring home underdog (against away favourite) teams. In contrast to previous research, no evidence is found that 'momentum strategies' generate significant returns in this market.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics.
Volume (Year): 36 (2004)
Issue (Month): 1 ()
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- Baker, Rose D. & McHale, Ian G., 2013. "Forecasting exact scores in National Football League games," International Journal of Forecasting, Elsevier, vol. 29(1), pages 122-130.
- Herman O. Stekler & David Sendor & Richard Verlander, 2009. "Issues in Sports Forecasting," Working Papers 2009-002, The George Washington University, Department of Economics, Research Program on Forecasting.
- Borghesi, Richard, 2007. "The home team weather advantage and biases in the NFL betting market," Journal of Economics and Business, Elsevier, vol. 59(4), pages 340-354.
- Herman O. Stekler, 2007. "Sports Forecasting," Working Papers 2007-001, The George Washington University, Department of Economics, Research Program on Forecasting, revised Jan 2007.
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