Boulier, Bryan; Stekler, H. O.; Amundson, Sarah - In: Applied Economics 38 (2006) 3, pp. 279-284
This study presents three tests of efficiency of the NFL betting market for the years 1994-2000. First, it tests for weak-form informational efficiency of the betting market. Then it examines whether the market incorporates objective information such as power scores and stadium characteristics...