Exploiting Week 2 Bias in the NFL Betting Markets

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Published: Jul 31, 2015
DOI: https://doi.org/10.5750/jpm.v9i1.1014
Keywords:
Sports Wagering Efficient Markets

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Justin Davis
University of West Florida
Andy Fodor
Ohio Univesity
Luke McElfresh
Ohio University
Kevin Krieger
University of West Florida

Abstract

Past research has provided evidence of hindsight bias in the NFL wagering market. Too much emphasis is placed on a team’s performance in the previous season when placing bets on NFL games during the first week (Week 1) of the season.  Building on this contribution, our study extends the examination of hindsight bias in NFL gaming markets by focusing on how bettors consider the information provided by Week 1 performance when betting in Week 2.  Our findings suggest multiple market inefficiencies in the NFL gambling market in Week 2, providing the opportunity for profitable betting strategies.

Article Details

Issue
Vol. 9 No. 1 (2015)
Section
Articles

References

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