Fair bets and profitability in college football gambling

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

doi:10.1007/BF02827221

Fair bets and profitability in college football gambling

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

Research output: Contribution to journal › Article › peer-review

32 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 language	English (US)
Pages (from-to)	236-242
Number of pages	7
Journal	Journal of Economics and Finance
Volume	27
Issue number	2
DOIs	https://doi.org/10.1007/BF02827221
State	Published - 2003
Externally published	Yes

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1007/BF02827221

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AB - 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.

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Fair bets and profitability in college football gambling

Abstract

ASJC Scopus subject areas

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