Fair bets and profitability in college football gambling

Rodney J. Paul, Andrew P. Weinbach, Chris J. Weinbach

Research output: Contribution to journalArticle

29 Scopus citations

Abstract

Efficient markets in college football are tested over a 25-year period, 1976-2000. The market in general is found to be efficient, but betting on underdogs of more than 28 points violates a fair bet. The strategy of betting home underdogs reveals stronger results. Home underdogs of more than seven points are found to reject the null hypotheses of a fair bet over the last 10 years of the sample, 1991-2000. Home underdogs of more than 28 points are found to reject the null of no profitability during the same time frame.

Original languageEnglish (US)
Pages (from-to)236-242
Number of pages7
JournalJournal of Economics and Finance
Volume27
Issue number2
DOIs
StatePublished - Jan 1 2003
Externally publishedYes

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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