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Racial Bias In The Nba: Implications In Betting Markets, Tim Larsen, Joe Prince, Justin Wolfers
Racial Bias In The Nba: Implications In Betting Markets, Tim Larsen, Joe Prince, Justin Wolfers
Faculty Publications
Recent studies have documented the existence of an own-race bias on the part of sports officials. In this paper we explore the implications of these biases on betting markets. We use data from the 1991/92 - 2004/05 NBA regular seasons to show that a betting strategy exploiting own-race biases by referees would systematically beat the spread.