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So Easy a Caveman Can Beat the Football Betting Market

Ladd Kochman, Randy Goodwin and David Bray

The American Economist, 2015, vol. 60, issue 2, 225-228

Abstract: An alleged relationship between winning football games and beating the point spread is investigated. Results from the 2003–2012 seasons of the National Football League connected the highest wins-to-bets ratio and the lowest ratio with the teams earning the highest winning percentage and the second-lowest percentage, respectively. Wagers on New England and against Oakland produced a significantly profitable W/B ratio of 61.4 percent. Beating the market by betting on perennial NFL winners and against perennial NFL losers seems so easy a caveman can do it.

Keywords: sports; wagers; betting; market efficiency; football (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1177/056943451506000210

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