The Impact of Atmospheric Conditions on the Baseball Totals Market
Rodney Paul,
Andrew Weinbach and
Chris Weinbach ()
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Chris Weinbach: STEM Partners, LLC
International Journal of Sport Finance, 2014, vol. 9, issue 3, 249-260
Abstract:
A study of the physics of baseball has shown that air density plays a significant role in the distance a batted baseball will travel. Air density is a function of altitude, temperature, humidity, and barometric pressure. This paper tests if air density impacts the totals market in Major League Baseball by influencing the number of runs in a game above and beyond the betting market total. Through regression analysis and betting simulations of the 2012 season, it is shown that air density has an inverse relationship with total runs scored and simple betting strategies are constructed that yield positive returns.
Keywords: baseball; weather; scoring; betting; market efficiency (search for similar items in EconPapers)
JEL-codes: L83 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:jsf:intjsf:v:9:y:2014:i:3:p:249-260
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International Journal of Sport Finance is currently edited by Arne Feddersen, Babatunde Buraimo, Joachim Prinz and Jane Ruseski
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