Paul, Rodney; Weinbach, Andrew - In: Journal of Economics and Finance 29 (2005) 3, pp. 403-408
The betting market for NCAA college basketball is examined from the 1996–97 season through 2003–04. In the overall sample, market efficiency cannot be rejected. For big favorites, specifically those favorites of 20 or more, a simple strategy of betting the underdog in these games is shown to...