Colorado College Logo

  DigitalCC

Use AND (in capitals) to search multiple keywords.
Example: harmonica AND cobos

Market efficiency and expected profit: the case of the National Football League point spread market

by Wolfel, Hunter Alexander

Abstract

Sport betting markets, much like financial markets, contain mixed beliefs on whether or not they are efficient. The purpose of this thesis is to test market efficiency in the National Football League point spread market. In addition, this study explores the theoretical implications of a sports wager on a bettor’s expected profit. The relationship between the efficient market winning percentage and the break-even winning percentage is constant with any given probability of a push. Data from the 2008-2009 through the 2012-2013 NFL regular seasons show that market inefficiencies exist; and as a result, promote long-term strategies where a profit is expected.

Note

Colorado College Honor Code upheld.

Includes bibliographical references.

Administrative Notes

Colorado College Honor Code upheld.

Copyright
Copyright restrictions apply.
Publisher
Colorado College
PID
coccc:7928
Digital Origin
born digital
Extent
105 pages : illustrations
Thesis
Senior Thesis -- Colorado College
Thesis Advisor
Fenn, Aju
Department/Program
Economics and Business
Degree Name
bachelor
Degree Type
Bachelor of Arts
Degree Grantor
Colorado College
Date Issued
2013