TITLE

Market Efficiency and the Arena Football League: A Note

AUTHOR(S)
Kochman, Ladd; Goodwin, Randy
PUB. DATE
June 2004
SOURCE
American Business Review;Jun2004, Vol. 22 Issue 2, p97
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The aim of this paper is to examine the efficiency of the betting market for the Arena Football League in the U.S. Z-values and minimum rates of 50 percent and 52.4 percent were applied to test for random and profitable W/B ratios. Like the vast majority of football betting market studies, the authors have found biases that could be considered inefficiencies in the absence of transaction costs.
ACCESSION #
13989692

 

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