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Full-Text Articles in Statistics and Probability
The Efficiency Of The College Football Betting Market For Southeastern Conference Teams, Ravija Badarinathi, Ladd Kochman
The Efficiency Of The College Football Betting Market For Southeastern Conference Teams, Ravija Badarinathi, Ladd Kochman
Faculty and Research Publications
To illustrate economic testing and at the same time to conduct an inquiry into the efficiency of the college football betting market, an analysis applies all the betting rules reported by Stark (1992) to the 10 teams comprising the Southeastern Conference before the recent addition of the universities of Arkansas and South Carolina. The combination of 10 teams and 7 conditions produces a total of 70 betting strategies. Since each rule to bet for a team is shadowed by the alternative of betting against that team, the actual number of rules tested is 140. Among those 140 rules, only 7 …