The Effects of the Clock and Kickoff Rule Changes on Actual and Market-Based Expected Scoring in NCAA Football
Clock rule changes were introduced in the 2006 season with the goal of reducing the average duration of the game; these changes were reversed in 2007. In addition, in 2007 the kickoff rule was changed to create more excitement and potentially more scoring. We examine what happened to actual and expected scoring during these National Collegiate Athletic Association (NCAA) football seasons. The clock rule change in 2006 led to lower scoring which was not fully encompassed in the betting market, leading to significant returns to betting the under. Multiple rule changes in 2007 led to volatility in the betting market that subsided by season’s end.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Rodney Paul & Andrew Weinbach, 2005. "Bettor preferences and market efficiency in football totals markets," Journal of Economics and Finance, Springer, vol. 29(3), pages 409-415, September.
- Cyree, Ken B., 2000. "The erosion of the Glass-Steagall Act:: Winners and losers in the banking industry," Journal of Economics and Business, Elsevier, vol. 52(4), pages 343-363.
- repec:ccp:journl:v:10:y:2003:i:12:p:783-785 is not listed on IDEAS
- Fama, Eugene F, 1991. " Efficient Capital Markets: II," Journal of Finance, American Finance Association, vol. 46(5), pages 1575-617, December.
- BRYAN C. McCANNON, 2011. "Strategic Offsetting Behavior: Evidence From National Collegiate Athletic Association Men'S Basketball," Contemporary Economic Policy, Western Economic Association International, vol. 29(4), pages 550-563, October.
- Adrian R. Bell & Chris Brooks & David Matthews & Charles Sutcliffe, 2012.
"Over the moon or sick as a parrot? The effects of football results on a club's share price,"
Taylor & Francis Journals, vol. 44(26), pages 3435-3452, September.
- Adrian Bell & Chris Brooks & David Matthews & Charles Sutcliffe, 2009. "Over the Moon or Sick as a Parrot? The Effect's of Football Results on a Club's Share Price," ICMA Centre Discussion Papers in Finance icma-dp2009-08, Henley Business School, Reading University.
- Banerjee, Anurag N. & Swinnen, Johan & Weersink, Alfons, 2004.
"Skating on thin ice: rule changes and team strategies in the NHL,"
Discussion Paper Series In Economics And Econometrics
0401, Economics Division, School of Social Sciences, University of Southampton.
- Anurag N. Banerjee & Johan F. M. Swinnen & Alfons Weersink, 2007. "Skating on thin ice: rule changes and team strategies in the NHL," Canadian Journal of Economics, Canadian Economics Association, vol. 40(2), pages 493-514, May.
- Anurag N. Banerjee & Johan F.M. Swinnen & Alfons Weersink, 2006. "Skating on Thin Ice: Rule Changes and Team Strategies in the NHL," LICOS Discussion Papers 17506, LICOS - Centre for Institutions and Economic Performance, KU Leuven.
- Schwert, G William, 1981. "Using Financial Data to Measure Effects of Regulation," Journal of Law and Economics, University of Chicago Press, vol. 24(1), pages 121-58, April.
- 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.
- Evan Osborne, 2001. "Efficient Markets? Don't Bet on It," Journal of Sports Economics, , vol. 2(1), pages 50-61, February.
- Rodney Fort & Young Hoon Lee, 2007. "Structural Change, Competitive Balance, And The Rest Of The Major Leagues," Economic Inquiry, Western Economic Association International, vol. 45(3), pages 519-532, 07.
- Mastromarco, Camilla & Runkel, Marco, 2004.
"Rule Changes and Competitive Balance in Formula One Motor Racing,"
Discussion Papers in Economics
386, University of Munich, Department of Economics.
- Camilla Mastromarco & Marco Runkel, 2009. "Rule changes and competitive balance in Formula One motor racing," Applied Economics, Taylor & Francis Journals, vol. 41(23), pages 3003-3014.
- Fama, Eugene F, et al, 1969. "The Adjustment of Stock Prices to New Information," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 10(1), pages 1-21, February.
- Alex Edmans & Diego García & Øyvind Norli, 2007. "Sports Sentiment and Stock Returns," Journal of Finance, American Finance Association, vol. 62(4), pages 1967-1998, 08.
- J. K. Ashton & B. Gerrard & R. Hudson, 2011. "Do national soccer results really impact on the stock market?," Applied Economics, Taylor & Francis Journals, vol. 43(26), pages 3709-3717.
- La Croix, Sumner J & Kawaura, Akihiko, 1999. "Rule Changes and Competitive Balance in Japanese Professional Baseball," Economic Inquiry, Western Economic Association International, vol. 37(2), pages 353-68, April.
- Robert Witt, 2005. "Do Players React To Sanction Changes? Evidence From The English Premier League," Scottish Journal of Political Economy, Scottish Economic Society, vol. 52(4), pages 623-640, 09.
- Fama, Eugene F, 1970. "Efficient Capital Markets: A Review of Theory and Empirical Work," Journal of Finance, American Finance Association, vol. 25(2), pages 383-417, May.
- José Correia Guedes & Fernando S. Machado, 2002. "Changing rewards in contests: Has the three-point rule brought more offense to soccer?," Empirical Economics, Springer, vol. 27(4), pages 607-630.
- Brian M. Lucey & Michael Dowling, 2005. "The Role of Feelings in Investor Decision-Making," Journal of Economic Surveys, Wiley Blackwell, vol. 19(2), pages 211-237, 04.
- Steven D. Levitt, 2004. "Why are gambling markets organised so differently from financial markets?," Economic Journal, Royal Economic Society, vol. 114(495), pages 223-246, 04.
When requesting a correction, please mention this item's handle: RePEc:gam:jijfss:v:2:y:2014:i:2:p:179-192:d:35174. 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: (XML Conversion Team)
If references are entirely missing, you can add them using this form.