Efficiency in gambling markets involving spread: A corrected and simplified test

Applied Economics Letters

Volumn 4, Issue 2, 1997, Pages 93-95

  Woodland, Bill M ^a   Woodland, Linda M ^a  

^a EASTERN MICHIGAN UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 5844246992     PISSN: 13504851     EISSN: None     Source Type: Journal    
DOI: 10.1080/758526702     Document Type: Article

References (4)

1. Gandar, J., Zuber, R., O'Brien, T. and Russo, B. (1988) Testing rationality in the point spread betting market, Journal of Finance, 43, 995-1007.
2. Gandar, J., Zuber, R. and Russo, B. (1993) Testing efficiency in gambling markets: a comment, Applied Economics, 25, 937-43.
3. Russo, B., Gandar, J. and Zuber, R. (1989) Market rationality tests based on cross-equation restrictions. Journal of Monetary Economics, 24, 455-70.
4. Tryfos, P., Casey, S., Cook, S., Leger, G. and Pylypiak, B. (1984) The profitability of wagering on NFL games, Management Science, 30, 123-32.