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Beating the Spread: Testing the Efficiency of the Gambling Market for National Football League Games

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  • Zuber, Richard A
  • Gandar, John M
  • Bowers, Benny D
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    Bibliographic Info

    Article provided by University of Chicago Press in its journal Journal of Political Economy.

    Volume (Year): 93 (1985)
    Issue (Month): 4 (August)
    Pages: 800-806

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    Handle: RePEc:ucp:jpolec:v:93:y:1985:i:4:p:800-806

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    Web page: http://www.journals.uchicago.edu/JPE/

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    Cited by:
    1. Rodney J. Paul & Andrew P. Weinbach & Kristin K. Paul, 2010. "Using Actual Betting Percentages to Analyze Sportsbook Behavior: The Canadian and Arena Football Leagues," New York Economic Review, New York State Economics Association (NYSEA), vol. 41(1), pages 35-44.
    2. Evan Osborne, 2001. "Efficient Markets? Don't Bet on It," Journal of Sports Economics, , vol. 2(1), pages 50-61, February.
    3. Niven Winchester, 2007. "Shifting the 'goal posts': What is the optimal allocation of Super Rugby competition points?," Working Papers 0715, University of Otago, Department of Economics, revised Nov 2007.
    4. Adi Schnytzer, 2011. "The Prediction Market for the Australian Football League," Working Papers 2011-15, Department of Economics, Bar-Ilan University.
    5. Rodney Paul & Andrew Weinbach, 2012. "Sportsbook pricing and the behavioral biases of bettors in the NHL," Journal of Economics and Finance, Springer, vol. 36(1), pages 123-135, January.
    6. 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.
    7. Klaassen, Franc J.G.M. & Magnus, Jan R., 2009. "The efficiency of top agents: An analysis through service strategy in tennis," Journal of Econometrics, Elsevier, vol. 148(1), pages 72-85, January.
    8. Stekler, H.O. & Sendor, David & Verlander, Richard, 2010. "Issues in sports forecasting," International Journal of Forecasting, Elsevier, vol. 26(3), pages 606-621, July.
    9. Mark Burkey, 2005. "On "Arbitage" and Market Efficiency: An Examination of NFL Wagering," New York Economic Review, New York State Economics Association (NYSEA), vol. 36(1), pages 13-28.
    10. Niven Winchester & Raymond T. Stefani, 2009. "An innovative approach to National Football League standings using optimal bonus points," Working Papers 0905, University of Otago, Department of Economics, revised Jun 2009.
    11. Miller, Thomas W. & Rapach, David E., 2013. "An intra-week efficiency analysis of bookie-quoted NFL betting lines in NYC," Journal of Empirical Finance, Elsevier, vol. 24(C), pages 10-23.
    12. Klaassen, F.J.G.M. & Magnus, J.R., 2006. "Are Economic Agents Successful Optimizers? An Analysis Through Strategy in Tennis," Discussion Paper 2006-52, Tilburg University, Center for Economic Research.
    13. Russell Sobel & S. Travis Raines, 2003. "An examination of the empirical derivatives of the favourite-longshot bias in racetrack betting," Applied Economics, Taylor & Francis Journals, vol. 35(4), pages 371-385.
    14. Quitzau, Jörn & Vöpel, Henning, 2009. "Der Faktor Zufall im Fußball: Eine empirische Untersuchung für die Saison 2007/08," HWWI Research Papers 1-22, Hamburg Institute of International Economics (HWWI).
    15. Quitzau, Jörn, 2005. "Faktor Zufall als Spielverderber: zur Prognostizierbarkeit von Fußballergebnissen – Wettmärkte als effizienter Informationslieferant," Research Notes 18, Deutsche Bank Research.

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