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Original Articles

Efficiency in gambling markets involving spread: a corrected and simplified test

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Pages 93-95 | Received 07 Mar 1996, Published online: 02 Nov 2006

References

  • Gandar , J. , Zuber , R. , O'Brien , T. and Russo , B. 1988 . Testing rationality in the point spread betting market . Journal of Finance , 43 : 995 – 1007 .
  • Gandar , J. , Zuber , R. and Russo , B. 1993 . Testing efficiency in gambling markets: a comment . Applied Economics , 25 : 937 – 43 .
  • Russo , B. , Gandar , J. and Zuber , R. 1989 . Market rationality tests based on cross-equation restrictions . Journal of Monetary Economics , 24 : 455 – 70 .
  • Tryfos , P. , Casey , S. , Cook , S. , Leger , G. and Pylypiak , B. 1984 . The profitability of wagering on NFL games . Management Science , 30 : 123 – 32 .

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