Efficiency in the NFL betting market: modifying and consolidating research methods
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
Publication date: 2004-01-01