A recent article on line changes in the point spread betting market for National Basketball Association games found evidence that trading incorporates information into price. This article examines a closely related but previously unexamined betting market—the betting market for the total...

A previous study finds a negative relationship between football success and football player graduation rates. The present study examines whether changes in freshman eligibility standards produced by Proposition 48 impact this relationship. Our data set contains the 2 years immediately prior to...

Longstaff [Longstaff, F., 2000. The term structure of very short-term rates: new evidence for the expectations hypothesis. Journal of Financial Economics 58, 397-415] finds support for the expectations hypothesis at the very short end of the repurchase agreement (repo) term structure while other...

The authors develop a model to investigate potential biases of inherent characteristics in betting markets. The test requires only that there be both a sides (“spreadâ€) market and a totals (“over/underâ€) market for the game. The authors utilize the model to test for the...