Efficiency in the NFL betting market: modifying and consolidating research methods
William Dare and
A. Steven Holland
Applied Economics, 2004, vol. 36, issue 1, 9-15
Abstract:
Modifying and consolidating previous research methods to generate more reliable estimates, some fairly weak evidence is found of inefficiency in the NFL betting market resulting from a bias favouring home underdog (against away favourite) teams. In contrast to previous research, no evidence is found that 'momentum strategies' generate significant returns in this market.
Date: 2004
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DOI: 10.1080/0003684042000177152
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