IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

The NFL pointspread market revisited: anomaly or statistical aberration?

  • Roger Vergin
Registered author(s):

    An earlier paper by Lacey (1990) examined the National Football League betting market, using data from the 1984-1986 seasons. He tested 13 technical rules for betting and found several that had winning proportions significantly greater than 0.5 and were also profitable after transaction costs. That represented a violation of the weak form of the Efficient Markets Hypothesis. This paper provides an independent test of those same rules over the 1987-1995 NFL seasons. None of the strategies were profitable or had winning proportions significantly different than 0.5. Lacey's results were apparently just a statistical aberration rather than an exploitable anomaly. The results herein suggest the Efficient Markets Hypothesis was not violated.

    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.

    File URL: http://www.informaworld.com/openurl?genre=article&doi=10.1080/758521377&magic=repec&7C&7C8674ECAB8BB840C6AD35DC6213A474B5
    Download Restriction: Access to full text is restricted to subscribers.

    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.

    Article provided by Taylor & Francis Journals in its journal Applied Economics Letters.

    Volume (Year): 5 (1998)
    Issue (Month): 3 ()
    Pages: 175-179

    as
    in new window

    Handle: RePEc:taf:apeclt:v:5:y:1998:i:3:p:175-179
    Contact details of provider: Web page: http://www.tandfonline.com/RAEL20

    Order Information: Web: http://www.tandfonline.com/pricing/journal/RAEL20

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:taf:apeclt:v:5:y:1998:i:3:p:175-179. 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: (Michael McNulty)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.