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Information Effects and National Hockey League Betting Market Efficiency

Author

Listed:
  • Matt E. Ryan

    (Duquesne University)

  • Marshall Gramm

    (Rhodes College)

  • C. Nicholas Mckinney

    (Rhodes College)

Abstract

Previous studies of the National Hockey League (NHL) betting market claim a general movement towards efficiency over the last two decades. These studies, however, assume a homogenous betting market with regards to the time of year in which bets are placed. Differences in available information—information effects—have been shown to distort the Major League Baseball betting market; they produce similar distortions when considered in the NHL market as well. As such, previous claims of market efficiency must be revisited in light of heterogeneous information.

Suggested Citation

  • Matt E. Ryan & Marshall Gramm & C. Nicholas Mckinney, 2012. "Information Effects and National Hockey League Betting Market Efficiency," Journal of Gambling Business and Economics, University of Buckingham Press, vol. 6(1), pages 79-92, March.
  • Handle: RePEc:buc:jgbeco:v:6:y:2012:i:1:p:79-92
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    More about this item

    Keywords

    Betting markets; National Hockey League; information effects; market efficiency;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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