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Applied Economics Letters Volume 18, 2011 - Issue 2
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Original Articles

NFL bettor biases and price setting: further tests of the Levitt hypothesis of sportsbook behaviour

Rodney J. Paul School of Business, St. Bonaventure University, 229 Murphy Building, St. Bonaventure, NY, 14778, USA
&
Andrew P. Weinbach E. Craig Wall Sr. College of Business Administration, Coastal Carolina University, PO Box 261954, Conway, SC, 29528-6054, USACorrespondence[email protected]
Pages 193-197 | Published online: 21 Jul 2010

References

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  • Gray , P. and Gray , S. 1997 . Testing market efficiency: evidence from the NFL sports betting market . Journal of Finance , 52 : 1725 – 37 .
  • Levitt , S. 2004 . Why are gambling markets organized so differently from financial markets . The Economic Journal , 114 : 223 – 46 .
  • Pankoff , L. 1968 . Market efficiency and football betting . Journal of Business , 41 : 203 – 14 .
  • Paul , R. and Weinbach , A. 2002 . Market efficiency and a profitable betting rule: evidence from totals on professional football . Journal of Sports Economics , 3 : 256 – 63 .
  • Paul , R. and Weinbach , A. 2007 . Does Sportsbook.com set pointspreads to maximize profits? Tests of the Levitt model of Sportsbook behavior . Journal of Prediction Markets , 1 : 209 – 18 .
  • Sauer , R. , Brajer , V. , Ferris , S. and Marr , M. 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 .
  • Zuber , R. , Gandar , J. and Bowers , B. 1985 . Beating the spread: testing the efficiency of the gambling market for National Football League games . Journal of Political Economy , 93 : 800 – 6 .

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