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Appropriate statistical methodology for testing the efficiency of betting markets involving spread and totals

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  • M. Woodland
  • Linda Woodland

Abstract

This paper compares the accuracy of commonly used tests of market efficiency and provides a recommendation for future research. Copyright Springer 2005

Suggested Citation

  • M. Woodland & Linda Woodland, 2005. "Appropriate statistical methodology for testing the efficiency of betting markets involving spread and totals," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 29(3), pages 385-390, September.
    • Handle: RePEc:spr:jecfin:v:29:y:2005:i:3:p:385-390
    DOI: 10.1007/BF02761582
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    References listed on IDEAS

    as
    1. Bill Woodland & Linda Woodland, 1997. "Efficiency in gambling markets involving spread: a corrected and simplified test," Applied Economics Letters, Taylor & Francis Journals, vol. 4(2), pages 93-95.
    2. Rodney Paul & Andrew Weinbach & J. Weinbach, 2003. "Fair bets and profitability in college football gambling," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 27(2), pages 236-242, June.
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