Momentum and Sports Betting

I document that momentum trading strategies are significantly profitable in an intragame NBA sports betting market. The momentum profits appear to be the result of market underreaction to news, but I find no evidence that the underreaction is driven by the psychological biases that form the foundation of existing behavioral models of momentum. Together, my results suggest that new theories of momentum might be needed

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Year of publication:	2010
Authors:	Williams, Jared
Publisher:	[2010]: [S.l.] : SSRN
Subject:	Glücksspiel \| Gambling \| Sport \| Sports \| Anlageverhalten \| Behavioural finance \| Fußball \| Football \| Kapitaleinkommen \| Capital income \| Wetten \| Betting

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Extent:	1 Online-Ressource (21 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 15, 2010 erstellt
Other identifiers:	10.2139/ssrn.1553150 [DOI]
Classification:	D03 - Behavioral Economics; Underlying Principles ; G14 - Information and Market Efficiency; Event Studies
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013147826