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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. 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.
    3. 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.
    4. 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.
    5. 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.
    6. 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.
    7. 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.
    8. 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.
    9. 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).
    10. 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.
    11. 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.
    12. Rodney J. Paul & Andrew P. Weinbach, 2005. "Bettor Misperceptions in the NBA," Journal of Sports Economics, , vol. 6(4), pages 390-400, November.
    13. 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.

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