INFORMATION EFFECTS AND NATIONAL HOCKEY LEAGUE BETTING MARKET EFFICIENCY

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Published: Jan 2, 2013
DOI: https://doi.org/10.5750/jgbe.v6i1.578
Keywords:
Betting markets National Hockey League information effects market efficiency

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Matt E Ryan
Duquesne University Department of Economics and Quantitative Sciences
Marshall Gramm
Rhodes College Department of Economics and Business
C. Nicholas McKinney
Rhodes College Department of Economics and Business

Abstract

Previous studies of the National Hockey League (NHL) betting market claim a general movement towards efficiency over the last two decades.  These studies, however, assume a homogenous betting market with regards to the time of year in which bets are placed.  Differences in available information—information effects—have been shown to distort the Major League Baseball betting market; they produce similar distortions when considered in the NHL market as well.  As such, previous claims of market efficiency must be revisited in light of heterogeneous information.

Article Details

Issue
Vol. 6 No. 1 (2012)
Section
Articles

References

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