Market Efficiency and the NHL totals betting market: Is there an under bias?

Bill Woodland and Linda Woodland ()
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Linda Woodland: College of Business, Eastern Michigan University

Economics Bulletin, 2010, vol. 30, issue 4, 3122-3127

Abstract: Sports betting and racetrack markets continue to be utilized by academic researchers to provide insights into theories relating to more complex speculative markets. Previous investigations have focused on testing the efficient markets hypotheses and behavioral biases of the participants. This paper investigates the market efficiency of the National Hockey League (NHL) goal totals over/under betting market. The market is found to be inefficient and simple wagering strategies are identified that result in profitable returns.

Keywords: market efficiency; under bias; National Hockey League; sports betting markets; goal totals (search for similar items in EconPapers)
JEL-codes: G1 L8 (search for similar items in EconPapers)
Date: 2010-11-23
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Citations: View citations in EconPapers (2)

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