In this paper, we test whether accuracy in the wagering markets for NCAA Division I men׳s basketball improves when there are more betting lines available for a given game. The empirical evidence indicates that when the money line is offered, it has no impact on the accuracy of the sides line as it is a redundant security, but the offering of the totals line impacts the accuracy of the sides line. We interpret this as evidence that the totals line provides additional information to uninformed bettors that improves the accuracy of the sides line in its role as a price.
{"title":"Information and Accuracy in Pricing: Evidence from the NCAA Men’s Basketball Betting Market","authors":"Jason P. Berkowitz, C. Depken, J. Gandar","doi":"10.2139/ssrn.2024252","DOIUrl":"https://doi.org/10.2139/ssrn.2024252","url":null,"abstract":"In this paper, we test whether accuracy in the wagering markets for NCAA Division I men׳s basketball improves when there are more betting lines available for a given game. The empirical evidence indicates that when the money line is offered, it has no impact on the accuracy of the sides line as it is a redundant security, but the offering of the totals line impacts the accuracy of the sides line. We interpret this as evidence that the totals line provides additional information to uninformed bettors that improves the accuracy of the sides line in its role as a price.","PeriodicalId":364403,"journal":{"name":"ERN: Sports Economics (Topic)","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2014-01-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128173755","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper examines college football point spreads. We find that the betting spread is a good predictor of outcome for college football games during the regular season, but not for bowl games. Our sample of betting line spreads cluster around 3 points (field goal) and 7 points (touchdown/extra point). Also, the accuracy of the betting line spread improves when the spread clusters on a field goal or touchdown.
{"title":"Clustering of College Football Spreads","authors":"Adam Schwartz, Bonnie F. Van Ness, R. Van Ness","doi":"10.2139/ssrn.1941008","DOIUrl":"https://doi.org/10.2139/ssrn.1941008","url":null,"abstract":"This paper examines college football point spreads. We find that the betting spread is a good predictor of outcome for college football games during the regular season, but not for bowl games. Our sample of betting line spreads cluster around 3 points (field goal) and 7 points (touchdown/extra point). Also, the accuracy of the betting line spread improves when the spread clusters on a field goal or touchdown.","PeriodicalId":364403,"journal":{"name":"ERN: Sports Economics (Topic)","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2011-10-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130175869","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：