Testing Market Efficiency in the Major League Baseball Over-Under Betting Market

Journal of Sports Economics

Volumn 3, Issue 4, 2002, Pages 311-319

  Brown, Kenneth H ^a   Abraham, Fred J ^a  

^a UNIVERSITY OF NORTHERN IOWA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84990386629     PISSN: 15270025     EISSN: None     Source Type: Journal    
DOI: 10.1177/152700250200300401     Document Type: Article

References (10)

1. Badarinathi, R., & Kochman, L. (1996). Football betting and the efficient markets hypothesis. American Economist, 40(2), 52-55.
2. Camerer, C. F. (1989). Does the basketball market believe in the “hot hand”? American Economic Review, 79(5), 1257-1261.
3. De Leeuw, F., & McKelvey, M. J. (1984). Price expectations of business firms: Bias in the short and long run. American Economic Review, 74(1), 99-110.
4. Gandar, J. M., Dare, W. H., Brown, C. R., & Zuber, R. A. (1998). Informed traders and price variations in the betting market for professional basketball games. Journal of Finance, 53(1), 385-401.
5. Golec, J., & Tamarkin, M. (1991). The degree of inefficiency in the football betting market. Journal of Financial Economics, 30(2), 311-323.
6. Gray, P. G., & Gray, S. F. (1997). Testing market efficiency: Evidence from the NFL sports betting market. Journal of Finance, 52(4), 1725-1737.
7. Johnson, R. S., & Pawlukiewicz, J. E. (1992). The efficiency of the over-under betting market for NBA basketball games. Journal of Economics, 18, 97-100.
8. Losey, R. L., & Talbott, J. C., Jr. (1980). Back on the track with the efficient markets hypothesis. Journal of Finance, 35(4), 1039-1043.
9. Osborne, E. (2001). Efficient markets? Don't bet on it. Journal of Sports Economics, 2(1), 50-61.
10. Zuber, R. A., Gandar, J. M., & Bowers, B. D. (1985). Beating the spread: Testing the efficiency of the gambling market for national football league games. Journal of Political Economy, 93(4), 800-806.