A comment on Paul, Weinbach, and Wilson’s (2004) “Efficient markets, fair bets, and profitability in NBA totals 1995-96 to 2001-02”

Evan Moore

The Quarterly Review of Economics and Finance, 2021, vol. 82, issue C, 26-29

Abstract: This paper revisits Paul et al. (2004) using a more recent data set to test for inefficiencies in the totals market for NBA games. Using data from the 1995-96 to 2001-02 seasons, Paul et al. (2004) found the market as a whole to be efficient, but that this was not the case for bets on the highest of point totals. Using data from the 2012-13 to 2018-19 seasons reveals a market that is more efficient than that of their earlier work, as the null hypothesis of a fair bet is not rejected for the higher totals. However, winning percentages in excess of 52.4 % were found further in the upper tail of the distribution of points totals relative to the earlier period.

Keywords: Efficient markets; Gambling; Sports; Contrarian (search for similar items in EconPapers)
JEL-codes: G1 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1062976921001253
Full text for ScienceDirect subscribers only

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:eee:quaeco:v:82:y:2021:i:c:p:26-29

DOI: 10.1016/j.qref.2021.07.002

Access Statistics for this article

The Quarterly Review of Economics and Finance is currently edited by R. J. Arnould and J. E. Finnerty

More articles in The Quarterly Review of Economics and Finance from Elsevier
Bibliographic data for series maintained by Catherine Liu ().