Efficiency in the NFL betting market: modifying and consolidating research methods
Abstract: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.
Document Type: Research Article
Publication date: 2004-01-01