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The Profitability of Wagering on NFL Games

Author

Listed:
  • P. Tryfos

    (York University)

  • S. Casey

    (York University)

  • S. Cook

    (York University)

  • G. Leger

    (York University)

  • B. Pylypiak

    (York University)

Abstract

A reappraisal of previously suggested strategies for betting on football games using results of the period 1975--1981 casts considerable doubt on the profitability of relying on the past history of games for guidance in placing bets.

Suggested Citation

  • P. Tryfos & S. Casey & S. Cook & G. Leger & B. Pylypiak, 1984. "The Profitability of Wagering on NFL Games," Management Science, INFORMS, vol. 30(1), pages 123-132, January.
    • Handle: RePEc:inm:ormnsc:v:30:y:1984:i:1:p:123-132
    DOI: 10.1287/mnsc.30.1.123
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    Citations

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    Cited by:

    1. Robert Arscott, 2023. "Market Efficiency and Censoring Bias in College Football Gambling," Journal of Sports Economics, , vol. 24(5), pages 664-689, June.
    2. William Mallios, 2012. "Forecasting National Football League Game Outcomes Relative to Betting Spreads," Journal of Gambling Business and Economics, University of Buckingham Press, vol. 6(3), pages 1-16, December.
    3. Adi Schnytzer & Guy Weinberg, 2008. "Testing for Home Team and Favorite Biases in the Australian Rules Football Fixed-Odds and Point Spread Betting Markets," Journal of Sports Economics, , vol. 9(2), pages 173-190, April.
    4. Hofer, Vera & Leitner, Johannes, 2017. "Relative pricing of binary options in live soccer betting markets," Journal of Economic Dynamics and Control, Elsevier, vol. 76(C), pages 66-85.
    5. Bill M. Woodland & Linda M. Woodland, 2000. "Testing Contrarian Strategies in the National Football League," Journal of Sports Economics, , vol. 1(2), pages 187-193, May.
    6. Golec, Joseph & Tamarkin, Maurry, 1991. "The degree of inefficiency in the football betting market : Statistical tests," Journal of Financial Economics, Elsevier, vol. 30(2), pages 311-323, December.
    7. Joshua D. Pitts, 2016. "Determinants of Success in the National Football League’s Postseason," Journal of Sports Economics, , vol. 17(1), pages 86-111, January.
    8. Ziemba, William, 2020. "Parimutuel betting markets: racetracks and lotteries revisited," LSE Research Online Documents on Economics 118873, London School of Economics and Political Science, LSE Library.
    9. Vergin, Roger C. & Sosik, John J., 1999. "No place like home: an examination of the home field advantage in gambling strategies in NFL football," Journal of Economics and Business, Elsevier, vol. 51(1), pages 21-31, January.
    10. Michael DiFilippo & Kevin Krieger & Justin Davis & Andy Fodor, 2014. "Early Season NFL Over/Under Bias," Journal of Sports Economics, , vol. 15(2), pages 201-211, April.
    11. Vandenbruaene, Jonas & De Ceuster, Marc & Annaert, Jan, 2023. "Does time series momentum also exist outside traditional financial markets? Near-laboratory evidence from sports betting," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 104(C).
    12. Miller, Thomas W. & Rapach, David E., 2013. "An intra-week efficiency analysis of bookie-quoted NFL betting lines in NYC," Journal of Empirical Finance, Elsevier, vol. 24(C), pages 10-23.
    13. Rodney J. Paul & Andrew P. Weinbach, 2005. "Bettor Misperceptions in the NBA," Journal of Sports Economics, , vol. 6(4), pages 390-400, November.

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