Author(s) | |
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Abstract |
The authors develop a model to investigate potential biases of inherent characteristics in betting markets. The test requires only that there be both a sides (‘‘spread’’) market and a totals (‘‘over/under’’) market for the game. The authors utilize the model to test for the well-documented ‘‘home-underdog’’ bias in the National Football League (NFL). They show that the bias specifically favors the offense (or defense) of home underdogs (away-favorites), with no bias against the offense (defense) of away favorites (home-underdogs). |
Format | |
Identifier(s) | |
Publication Date |
2011-12-01
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Publication Title |
Journal of Sports Economics
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Volume |
12
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Issue |
6
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First Page |
660
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Last Page |
665
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Keywords | |
Subject | |
Community | |
Recommended Citation |
Dare, William H.; Dennis, Steven A (2011). A Test for Bias of Inherent Characteristics in Betting Markets. Journal of Sports Economics 12(6) 660-665. doi: 10.1177/1527002510395864. Retrieved from https://oaks.kent.edu/finpubs/2
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