Racial Bias in the NBA: Implications in Betting Markets

Larsen Tim, Joseph Price and Justin Wolfers
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Larsen Tim: Brigham Young University - Utah

Journal of Quantitative Analysis in Sports, 2008, vol. 4, issue 2, 21

Abstract: Recent studies have documented the existence of an own-race bias on the part of sports officials. In this paper we explore the implications of these biases on betting markets. We use data from the 1991/92 - 2004/05 NBA regular seasons to show that a betting strategy exploiting own-race biases by referees would systematically beat the spread.

Keywords: betting markets; basketball; own-race bias (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (11)

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DOI: 10.2202/1559-0410.1112

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