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Sportsbook pricing and the behavioral biases of bettors in the NHL

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  • Rodney Paul
  • Andrew Weinbach

Abstract

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Suggested Citation

  • Rodney Paul & Andrew Weinbach, 2012. "Sportsbook pricing and the behavioral biases of bettors in the NHL," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 36(1), pages 123-135, January.
    • Handle: RePEc:spr:jecfin:v:36:y:2012:i:1:p:123-135
    DOI: 10.1007/s12197-009-9112-4
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    References listed on IDEAS

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    1. Sauer, Raymond D & Brajer, Vic & Ferris, Stephen P & Marr, M Wayne, 1988. "Hold Your Bets: Another Look at the Efficiency of the Gambling Market for National Football League Games: Comment," Journal of Political Economy, University of Chicago Press, vol. 96(1), pages 206-213, February.
    2. Linda M. Woodland & Bill M. Woodland, 2001. "Market Efficiency and Profitable Wagering in the National Hockey League: Can Bettors Score on Longshots?," Southern Economic Journal, John Wiley & Sons, vol. 67(4), pages 983-995, April.
    3. Woodland, Linda M & Woodland, Bill M, 1994. "Market Efficiency and the Favorite-Longshot Bias: The Baseball Betting Market," Journal of Finance, American Finance Association, vol. 49(1), pages 269-279, March.
    4. J. M. Gandar & Richard Zuber & R. S. Johnson & W. Dare, 2002. "Re-examining the betting market on Major League Baseball games: is there a reverse favourite-longshot bias?," Applied Economics, Taylor & Francis Journals, vol. 34(10), pages 1309-1317.
    5. John M. Gandar & Richard A. Zuber & R. Stafford Johnson, 2004. "A Reexamination of the Efficiency of the Betting Market on National Hockey League Games," Journal of Sports Economics, , vol. 5(2), pages 152-168, May.
    6. Lyn D. Pankoff, 1968. "Market Efficiency and Football Betting," The Journal of Business, University of Chicago Press, vol. 41, pages 203-203.
    7. Steven D. Levitt, 2004. "Why are gambling markets organised so differently from financial markets?," Economic Journal, Royal Economic Society, vol. 114(495), pages 223-246, April.
    8. Zuber, Richard A & Gandar, John M & Bowers, Benny D, 1985. "Beating the Spread: Testing the Efficiency of the Gambling Market for National Football League Games," Journal of Political Economy, University of Chicago Press, vol. 93(4), pages 800-806, August.
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    Citations

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    Cited by:

    1. Jason P. Berkowitz & Craig A. Depken II & John M. Gandar, 2018. "The Conversion of Money Lines Into Win Probabilities," Journal of Sports Economics, , vol. 19(7), pages 990-1015, October.
    2. Angie Andrikogiannopoulou & Filippos Papakonstantinou, 2018. "Individual Reaction to Past Performance Sequences: Evidence from a Real Marketplace," Management Science, INFORMS, vol. 64(4), pages 1957-1973, April.
    3. Raphael Flepp & Stephan Nüesch & Egon Franck, 2016. "Does Bettor Sentiment Affect Bookmaker Pricing?," Journal of Sports Economics, , vol. 17(1), pages 3-11, January.
    4. Buttrey Samuel E., 2016. "Beating the market betting on NHL hockey games," Journal of Quantitative Analysis in Sports, De Gruyter, vol. 12(2), pages 87-98, June.
    5. Andrikogiannopoulou, Angie & Papakonstantinou, Filippos, 2017. "Individual reaction to past performance sequences: evidence from a real marketplace," LSE Research Online Documents on Economics 87997, London School of Economics and Political Science, LSE Library.
    6. Jinook Jeong & Jee Young Kim & Yoon Jae Ro, 2019. "On the efficiency of racetrack betting market: a new test for the favourite-longshot bias," Applied Economics, Taylor & Francis Journals, vol. 51(54), pages 5817-5828, November.
    7. Daniel C. Hickman, 2020. "Efficiency in the madness? examining the betting market for the ncaa men’s basketball tournament," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 44(3), pages 611-626, July.

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    More about this item

    Keywords

    Efficient Markets; Sports Betting; Sports; Gambling; Behavioral Finance; Behavioral Bias; Hockey; G1;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets

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