INFORMATIONAL DIFFERENCES IN NFL POINT SPREAD AND MONEYLINE MARKETS

Andy Fodor, Kevin Krieger, David Kirch and Andrew Kreutzer

Journal of Prediction Markets, 2012, vol. 6, issue 2, 1-11

Abstract: In this paper we test the efficiency of NFL betting markets by examining the ability of NFL point spread and moneyline markets to incorporate information. While bookmakers may properly evaluate available information when setting point spreads and moneylines, we show that the nature of point spread markets makes full information incorporation difficult. We test if information from the finer moneyline market can be used to predict whether favorites will cover the spread in the point spread market. We find that for games with the same point spread, betting on (against) the most (least) favored teams to win (lose), according to the moneyline, results in chances to profit, suggesting an inefficiency in the point spread market.

JEL-codes: L83 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://ubplj.org/index.php/jpm/article/view/498 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:buc:jpredm:v:6:y:2012:i:2:p:1-11

Ordering information: This journal article can be ordered from
http://www.predictio ... ex_files/Page418.htm

Access Statistics for this article

Journal of Prediction Markets is currently edited by Leighton Vaughan Williams, Nottingham Business School

More articles in Journal of Prediction Markets from University of Buckingham Press
Bibliographic data for series maintained by Dominic Cortis, University of Malta ().