Efficiency in the NFL betting market: modifying and consolidating research methods |
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| Authors: | William H Dare A Steven Holland |
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| Institution: | 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 |
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| 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. |
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