Information Effects and National Hockey League Betting Market Efficiency

Matt Ryan, Marshall Gramm and Nicholas McKinney
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Matt Ryan: Duquesne University
Marshall Gramm: Rhodes College
Nicholas McKinney: Rhodes College

Journal of Gambling Business and Economics, 2012, vol. 6, issue 1, 79-92

Abstract: Previous studies of the National Hockey League (NHL) betting market claim a general movement towards efficiency over the last two decades. These studies, however, assume a homogenous betting market with regards to the time of year in which bets are placed. Differences in available information—information effects—have been shown to distort the Major League Baseball betting market; they produce similar distortions when considered in the NHL market as well. As such, previous claims of market efficiency must be revisited in light of heterogeneous information.

Keywords: Betting markets; National Hockey League; information effects; market efficiency (search for similar items in EconPapers)
JEL-codes: L83 (search for similar items in EconPapers)
Date: 2012
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