We examine whether point shaving is widespread in NCAA college basketball by comparing bet and game outcomes with those in professional sports. Results suggest that unusual patterns previously suspected to be indicators of point shaving are ubiquitous throughout sports and unlikely to be caused...

This paper examines price efficiency and out-of-sample predictability in the NFL point spread betting market. Our main contribution to the existing literature is the identification of a persistent increase in bias magnitude during the final few weeks of each season. We demonstrate that this...

We test price efficiency in the NFL point spread betting market by examining the relationship between betting line forecast errors and game day temperatures for 5,463 NFL games from 1981 to 2004. Our main contribution to the existing literature is the identification of a mispriced...