Betting market odds for Major League Baseball are used to examine the level of uncertainty of outcome, an ex-ante form of competitive balance. The efficient markets hypothesis cannot be rejected for the years 1990-2006 in Major League Baseball. Therefore, the odds provide an ex-ante measure of...

Allegations of selection bias toward the major conferences and teams with committee representation have previously been levied on the National Collegiate Athletic Association (NCAA) Basketball tournament selection committee. We illustrate the source of this bias is political correctness. When...