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Point spread shading and behavioral biases in NBA betting markets
Humphreys, Brad R. - In: Rivista di Diritto ed Economia dello Sport 6 (2010) 1, pp. 13-26
Introduction – 1. A Simple model of sports book operation - 2. Data description - 3. Evidence of shading in NBA point spread betting - 4. Discussion and conclusions - References
Persistent link: https://www.econbiz.de/10008621831
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THE KELLY CAPITAL GROWTH INVESTMENT CRITERION:Theory and Practice
MacLean, Leonard C (contributor);  … - World Scientific Publishing Co. Pte. Ltd.
This volume provides the definitive treatment of fortune's formula or the Kelly capital growth criterion as it is often called. The strategy is to maximize long run wealth of the investor by maximizing the period by period expected utility of wealth with a logarithmic utility function....
Persistent link: https://www.econbiz.de/10010883063
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The Belief in the "Hot Hand" in the NFL: Evidence from Betting Volume Data
Paul, Rodney Joseph; Weinbach, Andrew; Humphreys, Brad - Department of Economics, University of Alberta - 2011
-- exists in the NBA but not the NFL. Previous research assumed that book makers set point spreads to balance betting on games … hand” in the NFL exists, although simple strategies of betting against teams on a winning streak does not lead to excess …
Persistent link: https://www.econbiz.de/10011266413
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Consumption benefits and gambling: Evidence from the NCAA basketball betting market
Humphreys, Brad R.; Paul, Rodney J.; Weinbach, Andrew P. - In: Journal of Economic Psychology 39 (2013) C, pp. 376-386
The utility of gambling model posits that consumption benefits lead rational agents to gamble when faced with negative expected financial returns. We analyze the determinants of bet volume and dollars bet on NCAA basketball games from three on-line sports books to test the predictions of this...
Persistent link: https://www.econbiz.de/10010870872
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Consumption Benefits and Gambling: Evidence From the NCAA Basketball Betting Market
Humphreys, Brad; Paul, Rodney Joseph; Weinbach, Andrew - Department of Economics, University of Alberta - 2010
The determinants of the total number of bets placed on games from three on-line sports books are analyzed for the 2008‐9 NCAA basketball season. Betting volume depends on television coverage, temporal factors, the quality of the teams, and the expected closeness of the contest. Our results...
Persistent link: https://www.econbiz.de/10008487600
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Revisiting the balanced book hypothesis : bettor preferences and results in the NFL
Paul, Rodney J.; Weinbach, Andrew P. - In: The journal of prediction markets 15 (2021) 3, pp. 85-98
Persistent link: https://www.econbiz.de/10013162243
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Is the NFL betting market still inefficient?
Shank, Corey A. - In: Journal of economics and finance 42 (2018) 4, pp. 818-827
Persistent link: https://www.econbiz.de/10012032976
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Evidence of Betting Market Intraseason Efficiency and Interseason Overreaction to Unexpected NFL Team Performance 1988-2006
Sapra, Steven G. - In: Journal of Sports Economics 9 (2008) 5, pp. 488-503
that NFL wagering markets were efficient within season during the period 1988-2006 and that the point spread is a … statistically significant indicator of probability of victory. A team-level excess performance metric is estimated, termed an NFL …, it is shown that there exists a market overreaction effect for NFL Alphas across seasons. …
Persistent link: https://www.econbiz.de/10010778350
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Risk aversion and favorite-longshot bias in a competitive fixed-odds betting market
Whelan, Karl - 2022
Research on sports betting markets has generally found a favorite-longshot bias, the empirical pattern for loss rates for bets on longshots to be higher than for favorites, which implies the odds do not reflect the underlying probabilities. The existing literature focuses largely on pari-mutuel...
Persistent link: https://www.econbiz.de/10013332658
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US taxation of gambling winnings and incentives to bet
Whelan, Karl - 2022
Sports betting is growing rapidly in the US after its legalization by the Supreme Court in 2018. This paper describes the treatment of gambling winnings and losses in the federal tax code and shows how the system may incentivize some gamblers to substantially increase the scale of their betting...
Persistent link: https://www.econbiz.de/10013332675