FORECASTING NATIONAL FOOTBALL LEAGUE GAME OUTCOMES RELATIVE TO BETTING SPREADS

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Published: Mar 26, 2013
DOI: https://doi.org/10.5750/jgbe.v6i3.609
Keywords:
sports gambling markets gambling shocks market inefficiencies forecasting playoff games cointegrated time processes time-varying coefficients adaptive drift modeling

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William Mallios
Mallios Associates

Abstract

Cointegrated time processes measuring NFL playoff game performances relative to the betting spreads are graphed in terms of candlestick charts and forecast in terms of autoregressive systems with time varying coefficients. Coefficients are modeled in terms of linear regressions on lagged shocks. Estimation is non Bayesian. Forecasts provide measures of market efficiency/inefficiency and outcome volatility. Risk assessment utilizes GARCH-type modeling in estimating volatility. Applications are presented for the New York Giants 2012 playoff games based on a data backlog of three years.

Article Details

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Vol. 6 No. 3 (2012)
Section
Articles

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