Information and Idiosyncratic Risk in the NCAA Men's Basketball Betting Market
Betting lines and scores from the 2009/10 college basketball season for 169 mid-major and major colleges are used to verify the efficiency hypothesis for the betting-market analogy to the CAPM-based market model. As in that model, the portion of the variance in the spreads that is unexplained by the betting lines is the idiosyncratic risk associated with a team’s games. The paper shows that this risk is due to team-specific and conference-specific informational and consistency-of-play factors that impact bettors’ decisions.
Volume (Year): 5 (2011)
Issue (Month): 3 (October)
|Contact details of provider:|| Web page: http://www.ubpl.co.uk/|
|Order Information:|| Web: http://www.jgbe.com/index_files/Page492.htm Email: |
When requesting a correction, please mention this item's handle: RePEc:buc:jgbeco:v:5:y:2011:i:3:p:27-42. 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: (Victor Matheson, College of the Holy Cross)
If references are entirely missing, you can add them using this form.