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Efficiency in the NFL betting market: modifying and consolidating research methods

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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.
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Document Type: Research Article

Affiliations: 1: Oklahoma State University 700 N. Greenwood Tulsa OK 74106 USA 2: University of Washington Bothell Box 358533 18115 Campus Way NE Bothell WA 98011-8246 USA

Publication date: 2004-01-01

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