References
- Amoako-Adu , B , Marmer , H and Yagil , J . 1985 . The efficiency of certain speculative markets and gambler behaviour . Journal of Economics and Business , 37 : 365 – 78 .
- Avery , C and Chevalier , J . 1999 . Identifying investor sentiment from price paths: the case of football betting . Journal of Business , 72 : 493 – 521 .
- Brown , WO and Sauer , RD . 1989 . Does the basketball market believe in the ‘hot hand?’ Comment . American Economic Review , 83 : 1377 – 86 .
- Camerer , CF . 1989 . Does the basketball market believe in the ‘hot hand’? . American Economic Review , 79 : 1257 – 61 .
- Dare , WH and Holland , AS . 2004 . Efficiency in the NFL betting market: modifying and consolidating research methods . Applied Economics , 36 : 9 – 15 .
- Dare , WH and MacDonald , SS . 1996 . A generalized model for testing the home and favourite team advantage in point spread markets . Journal of Financial Economics , 40 : 295 – 318 .
- De Bondt , WF and Thaler , R . 1985 . Does the stock market overreact? . Journal of Finance , 40 : 793 – 805 .
- Gandar , J , Zuber , R , O’Brien , T and Russo , B . 1988 . Testing rationality in the point spread betting market . Journal of Finance , 43 : 995 – 1008 .
- Golec , J and Tomarkin , M . 1991 . The degree of inefficiency in the football betting market . Journal of Financial Economics , 30 : 311 – 23 .
- Gray , P and Gray , S . 1997 . Testing market efficiency: evidence from the NFL sports betting market . Journal of Finance , 52 : 1725 – 37 .
- Harville , D . 1980 . Predictions for National Football League games via linear-model methodology . Journal of the American Statistical Association , 75 : 516 – 24 .
- Hirshleifer , D and Shumway , T . 2003 . Good day sunshine: stock returns and the weather . Journal of Finance , 58 : 1009 – 32 .
- Jegadeesh , N . 1990 . Evidence of predictable behaviour of security returns . Journal of Finance , 45 : 881 – 98 .
- Kahneman , D and Tversky , A . 1979 . Prospect theory: an analysis of decision under risk . Econometrica , 47 : 263 – 91 .
- Levitt , SD . 2004 . Why re-gambling markets organized so differently from financial markets? . Economic Journal , 114 : 223 – 46 .
- Rachlin , H . 1990 . Why do people gamble and keep gambling despite heavy losses? . Psychological Science , 1 : 294 – 7 .
- Ritter , JR . 1994 . “ Racetrack betting–An example of a market with efficient arbitrage ” . In Efficiency of Racetrack Betting Markets , 431 – 41 . San Diego : Academic Press, Inc. .
- Romer , D . 2006 . Do firms maximize? Evidence from professional football . Journal of Political Economy , 114 : 340 – 65 .
- Sauer , RD , Brajer , V , Ferris , SP and Marr , MW . 1988 . Hold your bets: another look at the efficiency of the gambling market for National Football League games . Journal of Political Economy , 96 : 206 – 13 .
- Vergin , RC and Scriabin , M . 1978 . Winning strategies for wagering on National Football League games . Management Science , 24 : 809 – 18 .
- Zuber , RA , Gandar , JM and Bowers , BD . 1985 . Beating the spread: testing the efficiency of the gambling market for National Football League games . Journal of Political Economy , 93 : 800 – 6 .