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The degree of inefficiency in the football betting market : Statistical tests

Citations

RePEc Biblio mentions

As found on the RePEc Biblio, the curated bibliography for Economics:
  1. > Industrial Organization > Industry studies > Sports, recreation and tourism > Gambling

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Cited by:

  1. Bryan C. McCannon, 2015. "Replacement Referees And Nfl Betting Markets," Journal of Gambling Business and Economics, University of Buckingham Press, vol. 9(2), pages 14-26.
  2. Dagaev, Dmitry & Stoyan, Egor, 2020. "Parimutuel betting on the eSports duels: Evidence of the reverse favourite-longshot bias," Journal of Economic Psychology, Elsevier, vol. 81(C).
  3. Igan, Deniz & Pinheiro, Marcelo & Smith, John, 2011. ""White men can't jump," but would you bet on it?," MPRA Paper 31469, University Library of Munich, Germany.
  4. Kevin Krieger & Clay Girdner & Andy Fodor & David Kirch, 2013. "The Power Of Wagering On Power Conferences," Journal of Prediction Markets, University of Buckingham Press, vol. 7(1), pages 13-26.
  5. Robert Arscott, 2023. "Market Efficiency and Censoring Bias in College Football Gambling," Journal of Sports Economics, , vol. 24(5), pages 664-689, June.
  6. Kenneth H. Brown & Fred J. Abraham, 2002. "Testing Market Efficiency in the Major League Baseball Over-Under Betting Market," Journal of Sports Economics, , vol. 3(4), pages 311-319, November.
  7. William Dare & A. Steven Holland, 2004. "Efficiency in the NFL betting market: modifying and consolidating research methods," Applied Economics, Taylor & Francis Journals, vol. 36(1), pages 9-15.
  8. Romain Gauriot Author e-mail: romain.gauriot@nyu.edu & Lionel Page Author e-mail: lionel.page@uts.edu.au, 2021. "How Market Prices React to Information: Evidence from Binary Options Markets," Working Papers 20200058, New York University Abu Dhabi, Department of Social Science, revised Oct 2021.
  9. Dobson, Stephen & Goddard, John, 2003. "Persistence in sequences of football match results: A Monte Carlo analysis," European Journal of Operational Research, Elsevier, vol. 148(2), pages 247-256, July.
  10. William H. Dare & Steven A. Dennis, 2011. "A Test for Bias of Inherent Characteristics in Betting Markets," Journal of Sports Economics, , vol. 12(6), pages 660-665, December.
  11. Stekler, H.O. & Sendor, David & Verlander, Richard, 2010. "Issues in sports forecasting," International Journal of Forecasting, Elsevier, vol. 26(3), pages 606-621, July.
    • Herman O. Stekler & David Sendor & Richard Verlander, 2009. "Issues in Sports Forecasting," Working Papers 2009-002, The George Washington University, Department of Economics, H. O. Stekler Research Program on Forecasting.
  12. Norton, Hugh & Gray, Steve & Faff, Robert, 2015. "Yes, one-day international cricket ‘in-play’ trading strategies can be profitable!," Journal of Banking & Finance, Elsevier, vol. 61(S2), pages 164-176.
  13. Roger Vergin, 2001. "Overreaction in the NFL point spread market," Applied Financial Economics, Taylor & Francis Journals, vol. 11(5), pages 497-509.
  14. Adi Schnytzer & Guy Weinberg, 2008. "Testing for Home Team and Favorite Biases in the Australian Rules Football Fixed-Odds and Point Spread Betting Markets," Journal of Sports Economics, , vol. 9(2), pages 173-190, April.
  15. Ioannis Asimakopoulos & John Goddard, 2004. "Forecasting football results and the efficiency of fixed-odds betting," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 23(1), pages 51-66.
  16. Justin Davis & Andy Fodor & Luke McElfresh & Kevin Kreiger, 2015. "Exploiting Week 2 Bias in the NFL Betting Markets," Journal of Prediction Markets, University of Buckingham Press, vol. 9(1), pages 53-67.
  17. Kai Fischer & Justus Haucap, 2020. "Betting Market Efficiency in the Presence of Unfamiliar Shocks: The Case of Ghost Games during the Covid-19 Pandemic," CESifo Working Paper Series 8526, CESifo.
  18. Benjamin Waggoner & Daniel Wines & Brian P. Soebbing & Chad S. Seifried & Jean Michael Martinez, 2014. "“Hot Hand” in the National Basketball Association Point Spread Betting Market: A 34-Year Analysis," IJFS, MDPI, vol. 2(4), pages 1-12, November.
  19. Gandar, John M. & Zuber, Richard A. & Lamb, Reinhold P., 2001. "The home field advantage revisited: a search for the bias in other sports betting markets," Journal of Economics and Business, Elsevier, vol. 53(4), pages 439-453.
  20. Gross, Johannes & Rebeggiani, Luca, 2018. "Chance or Ability? The Efficiency of the Football Betting Market Revisited," MPRA Paper 87230, University Library of Munich, Germany.
  21. Franc J.G.M. Klaasen & Jan R. Magnus, 2006. "Are Economic Agents Successful Optimizers? An Analysis through Service Strategy in Tennis," Tinbergen Institute Discussion Papers 06-048/2, Tinbergen Institute.
  22. Steven D. Levitt, 2003. "How Do Markets Function? An Empirical Analysis of Gambling on the National Football League," NBER Working Papers 9422, National Bureau of Economic Research, Inc.
  23. 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.
  24. Simmons, Rob, 2004. "The analysis of sports forecasting: Modeling parallels between sports gambling and financial markets: William S. Mallios, Kluwer Academic Publishers, Boston & Dordrecht, 2000, 312 pages, ISBN 0-7923-7," International Journal of Forecasting, Elsevier, vol. 20(1), pages 149-150.
  25. Andy Fodor & Michael DiFilippo & Kevin Krieger & Justin Davis, 2013. "Inefficient pricing from holdover bias in NFL point spread markets," Applied Financial Economics, Taylor & Francis Journals, vol. 23(17), pages 1407-1418, September.
  26. Igan, Deniz & Pinheiro, Marcelo & Smith, John, 2012. "Racial biases and market outcomes: "White men can't jump," but would you bet on it?," MPRA Paper 36069, University Library of Munich, Germany.
  27. Sebastian Bervoets & Bruno Decreuse & Mathieu Faure, 2014. "A Renewed Analysis of Cheating in Contests: Theory and Evidence from Recovery Doping," AMSE Working Papers 1441, Aix-Marseille School of Economics, France, revised Jun 2015.
  28. Montone, Maurizio, 2021. "Optimal pricing in the online betting market," Journal of Economic Behavior & Organization, Elsevier, vol. 186(C), pages 344-363.
  29. Thomas Ashman & R. Alan Bowman & James Lambrinos, 2010. "The Role of Fatigue in NBA Wagering Markets: The Surprising ‘‘Home Disadvantage Situation’’," Journal of Sports Economics, , vol. 11(6), pages 602-613, December.
  30. Arne Feddersen & Brad R. Humphreys & Brian P. Soebbing, 2018. "Sentiment Bias in National Basketball Association Betting," Journal of Sports Economics, , vol. 19(4), pages 455-472, May.
  31. Rodney J. Paul & Andrew P. Weinbach, 2008. "Line Movements and Market Timing in the Baseball Gambling Market," Journal of Sports Economics, , vol. 9(4), pages 371-386, August.
  32. Rodney Paul & Andrew Weinbach & J. Weinbach, 2003. "Fair bets and profitability in college football gambling," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 27(2), pages 236-242, June.
  33. Dare, William H. & MacDonald, S. Scott, 1996. "A generalized model for testing the home and favorite team advantage in point spread markets," Journal of Financial Economics, Elsevier, vol. 40(2), pages 295-318, February.
  34. 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.
  35. Richard Borghesi, 2008. "Weather biases in the NFL totals market," Applied Financial Economics, Taylor & Francis Journals, vol. 18(12), pages 947-953.
  36. Angelini, Giovanni & De Angelis, Luca & Singleton, Carl, 2022. "Informational efficiency and behaviour within in-play prediction markets," International Journal of Forecasting, Elsevier, vol. 38(1), pages 282-299.
  37. Brown, Gregory W. & Hartzell, Jay C., 2001. "Market reaction to public information: The atypical case of the Boston Celtics," Journal of Financial Economics, Elsevier, vol. 60(2-3), pages 333-370, May.
  38. Michael Sinkey & Trevon Logan, 2014. "Does the Hot Hand Drive the Market? Evidence from College Football Betting Markets," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 40(4), pages 583-603, September.
  39. Choi, Darwin & Hui, Sam K., 2014. "The role of surprise: Understanding overreaction and underreaction to unanticipated events using in-play soccer betting market," Journal of Economic Behavior & Organization, Elsevier, vol. 107(PB), pages 614-629.
  40. Corey A. Shank, 2018. "Is the NFL betting market still inefficient?," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 42(4), pages 818-827, October.
  41. Ziemba, William, 2020. "Parimutuel betting markets: racetracks and lotteries revisited," LSE Research Online Documents on Economics 118873, London School of Economics and Political Science, LSE Library.
  42. Sathya Ramesh & Ragib Mostofa & Marco Bornstein & John Dobelman, 2019. "Beating the House: Identifying Inefficiencies in Sports Betting Markets," Papers 1910.08858, arXiv.org, revised Oct 2019.
  43. Igan, Deniz & Pinheiro, Marcelo & Smith, John, 2015. "A study of a market anomaly: “White Men Can’t Jump”, but would you bet on it?," Journal of Economic Behavior & Organization, Elsevier, vol. 113(C), pages 13-25.
  44. David Paton & Leighton Vaughan Williams, 2005. "Forecasting outcomes in spread betting markets: can bettors use 'quarbs' to beat the book?," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 24(2), pages 139-154.
  45. Rodney Paul & Andrew Weinbach, 2005. "Market efficiency and NCAA college basketball gambling," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 29(3), pages 403-408, September.
  46. Philip W. S. Newall & Dominic Cortis, 2021. "Are Sports Bettors Biased toward Longshots, Favorites, or Both? A Literature Review," Risks, MDPI, vol. 9(1), pages 1-9, January.
  47. 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.
  48. Vergin, Roger C. & Sosik, John J., 1999. "No place like home: an examination of the home field advantage in gambling strategies in NFL football," Journal of Economics and Business, Elsevier, vol. 51(1), pages 21-31, January.
  49. Corey A. Shank, 2019. "NFL betting market efficiency, divisional rivals, and profitable strategies," Studies in Economics and Finance, Emerald Group Publishing Limited, vol. 36(3), pages 567-580, September.
  50. 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).
  51. Ladd Kochman & Randy Goodwin, 2004. "Underdogs are Man’s Best Friend," Journal of Sports Economics, , vol. 5(4), pages 387-391, November.
  52. Hendrik Bessembinder & Kalok Chan, 1998. "Market Efficiency and the Returns to Technical Analysis," Financial Management, Financial Management Association, vol. 27(2), Summer.
  53. Michael DiFilippo & Kevin Krieger & Justin Davis & Andy Fodor, 2014. "Early Season NFL Over/Under Bias," Journal of Sports Economics, , vol. 15(2), pages 201-211, April.
  54. Jinook Jeong & Jee Young Kim & Yoon Jae Ro, 2019. "On the efficiency of racetrack betting market: a new test for the favourite-longshot bias," Applied Economics, Taylor & Francis Journals, vol. 51(54), pages 5817-5828, November.
  55. 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.
  56. Rodney Paul & Andrew Weinbach, 2011. "NFL bettor biases and price setting: further tests of the Levitt hypothesis of sportsbook behaviour," Applied Economics Letters, Taylor & Francis Journals, vol. 18(2), pages 193-197.
  57. Rodney J. Paul & Andrew P. Weinbach, 2014. "Market Efficiency and Behavioral Biases in the WNBA Betting Market," IJFS, MDPI, vol. 2(2), pages 1-10, April.
  58. 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.
  59. Rodney J Paul & Andrew Weinbach, 2012. "Wagering Preferences Of Nfl Bettors: Determinants Of Betting Volume," Journal of Prediction Markets, University of Buckingham Press, vol. 6(1), pages 42-55.
  60. Feng Guanhao & Polson Nicholas & Xu Jianeng, 2016. "The market for English Premier League (EPL) odds," Journal of Quantitative Analysis in Sports, De Gruyter, vol. 12(4), pages 167-178, December.
  61. James D. Dana & Michael M. Knetter, 1994. "Learning and Efficiency in a Gambling Market," Management Science, INFORMS, vol. 40(10), pages 1317-1328, October.
  62. Rodney J. Paul & Andrew P. Weinbach, 2005. "Bettor Misperceptions in the NBA," Journal of Sports Economics, , vol. 6(4), pages 390-400, November.
  63. Richard Borghesi, 2008. "Widespread Corruption in Sports Gambling: Fact or Fiction?," Southern Economic Journal, John Wiley & Sons, vol. 74(4), pages 1063-1069, April.
  64. Borghesi, Richard & Dare, William, 2009. "A test of the widespread-point-shaving theory," Finance Research Letters, Elsevier, vol. 6(3), pages 115-121, September.
  65. Gray, Philip K & Gray, Stephen F, 1997. "Testing Market Efficiency: Evidence from the NFL Sports Betting Market," Journal of Finance, American Finance Association, vol. 52(4), pages 1725-1737, September.
  66. Nikolaos Vlastakis & George Dotsis & Raphael N. Markellos, 2009. "How efficient is the European football betting market? Evidence from arbitrage and trading strategies," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 28(5), pages 426-444.
  67. Sean Wever & David Aadland, 2012. "Herd behaviour and underdogs in the NFL," Applied Economics Letters, Taylor & Francis Journals, vol. 19(1), pages 93-97, January.
  68. Kyle J. Kain & Trevon D. Logan, 2014. "Are Sports Betting Markets Prediction Markets?," Journal of Sports Economics, , vol. 15(1), pages 45-63, February.
  69. Rodney J. Paul & Andrew P. Weinbach & Patrick Coate, 2007. "Expectations and Voting in the NCAA Football Polls," Journal of Sports Economics, , vol. 8(4), pages 412-424, August.
  70. Evan Osborne, 2001. "Efficient Markets? Don’t Bet on It," Journal of Sports Economics, , vol. 2(1), pages 50-61, February.
  71. Ray C. Fair & John F. Oster, 2007. "College Football Rankings and Market Efficiency," Journal of Sports Economics, , vol. 8(1), pages 3-18, February.
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