Fodor, Andy; DiFilippo, Michael; Krieger, Kevin; Davis, … - In: Applied Financial Economics 23 (2013) 17, pp. 1407-1418
We identify inefficiency in the National Football League (NFL) gambling market indicative of sticky preferences by bettors. NFL teams that qualified for the playoffs in the prior season are favoured by too large a margin in the opening week of the following season. Bettors view these teams as...