Market Efficiency and a Profitable Betting Rule: Evidence From Totals on Professional Football

Journal of Sports Economics

Volumn 3, Issue 3, 2002, Pages 256-263

  Paul, Rodney J ^a   Weinbach, Andrew P ^b  

^a ST BONAVENTURE UNIVERSITY   (United States)

^b CLEMSON UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84990403441     PISSN: 15270025     EISSN: None     Source Type: Journal    
DOI: 10.1177/1527002502003003003     Document Type: Article

References (8)

1. Daly, B. (2000). Players guide to Las Vegas sportsbooks and offshore betting guide. Henderson, NV: Players Guide Publishing.
2. Evan, W. E., & Noble, N. R. (1992). Testing efficiency in gambling markets. Applied Economics, 24, 85-88.
3. Feist, J. (2000). Jim Feist's football workbook. Las Vegas, NV: National Sports Services Publishing.
4. Gandar, J., Zuber, R., O'Brien, T., & Russo, B. (1988). Testing rationality in the point spread betting market. Journal of Finance, 43, 995-1007.
5. Gandar, J., Zuber, R., & Russo, B. (1993). Testing efficiency in gambling markets: A comment. Applied Economics, pp. 937-943.
6. Sauer, R. D., Brajer, V., Ferris, S. P., & Marr, M. W. (1988). Hold your bets: Another look at the efficiency of the betting market for NFL games. Journal of Political Economy, 96(1), 206-213.
7. Woodland, L. M., & Woodland, B. M. (1994). Market efficiency and the favorite-longshot bias: The baseball betting market. Journal of Finance, 49(1), 269-280.
8. Woodland, L. M., & Woodland, B. M. (2001). Market efficiency and profitable wagering in the National Hockey League: Can bettors score on longshots? Southern Economic Journal, 67(4), 983-995.