Brown, Kenneth H.; Abraham, Fred J. - In: Journal of Sports Economics 3 (2002) 4, pp. 311-319
This article tests market efficiency in the over-under betting market for Major League Baseball using data from the 1996 through 2000 seasons. It is shown that a simple betting strategy based on streaks was profitable for the 1997 season but was not profitable for any of the other years studied....
