Herd behaviour and underdogs in the NFL
Previous research has failed to draw any clear conclusions about the efficiency of the billion-dollar gambling industry for National Football League (NFL) games. We build on previous research and expose a new market inefficiency, which is consistent with the well-documented notion of herd behaviour in behavioural finance. A differential strategy of betting on home and visitor underdogs with large closing lines can produce statistically significant positive returns.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 19 (2012)
Issue (Month): 1 (January)
|Contact details of provider:|| Web page: http://www.tandfonline.com/RAEL20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/RAEL20|
When requesting a correction, please mention this item's handle: RePEc:taf:apeclt:v:19:y:2012:i:1:p:93-97. 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: (Chris Longhurst)
If references are entirely missing, you can add them using this form.