Bettor preferences and market efficiency in football totals markets

Rodney Paul and Andrew Weinbach

Journal of Economics and Finance, 2005, vol. 29, issue 3, 409-415

Abstract: The betting markets for totals in college football and arena football provide additional evidence of bettor preference for scoring. The results for college football and arena football markets are similar to those found in the professional football and professional basketball totals market. In all of these leagues, the overs are overbet. We suggest that there is a clear preference for bettors to bet the over and the extent of the bias depends upon the volume of uninformed bettors to informed bettors and limits placed on bets in these markets. Copyright Springer 2005

Date: 2005
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DOI: 10.1007/BF02761585

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