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Efficiency in the NFL betting market: modifying and consolidating research methods
Authors:
William H. Dare a;
A. Steven Holland b
| Affiliations: | a Oklahoma State University, Tulsa, OK 74106, USA |
| b University of Washington, Bothell, WA 98011-8246, USA |
DOI:
10.1080/0003684042000177152
Publication Frequency:
24 issues per year
Subjects:
Economics;
Macroeconomics;
Number of References: 6
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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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