{"id":{"repo_id":"uiuc","oai_identifier":"oai:www.ideals.illinois.edu:2142/24338"},"canonical_url":"https://search.dev.ndltd.org/etd/uiuc/oai:www.ideals.illinois.edu:2142/24338","repository":{"repo_id":"uiuc","name":"University of Illinois - Urbana-Champaign","base_url":"https://www.ideals.illinois.edu/oai-pmh"},"display":{"title":"The efficient market hypothesis and gambling on National Football League games","abstract":"The efficient market hypothesis (EMH) for sport betting states that all publicly available information should be mirrored in betting lines, so there should be no bias of betting outcomes. Because of several similarities to financial markets, the sport betting market is thought of as a fair market. This investigation tests the EMH in the National Football League betting market from the 2002 to 2009 seasons. This study also examines whether there is a bias after a bye week in terms of the EMH. For this investigation we utilized a significance test for proportion and logistic regression. The findings suggest that, among other biases, favorites and favorites on the road won statistically more bets than their opponents after their bye week. This study provides relevant evidence of inefficiencies within NFL betting.","abstract_html":"The efficient market hypothesis (EMH) for sport betting states that all publicly available information should be mirrored in betting lines, so there should be no bias of betting outcomes. Because of several similarities to financial markets, the sport betting market is thought of as a fair market. This investigation tests the EMH in the National Football League betting market from the 2002 to 2009 seasons. This study also examines whether there is a bias after a bye week in terms of the EMH. For this investigation we utilized a significance test for proportion and logistic regression. The findings suggest that, among other biases, favorites and favorites on the road won statistically more bets than their opponents after their bye week. This study provides relevant evidence of inefficiencies within NFL betting.","abstract_has_math":false,"creators":["Sung, Yoon Tae"],"institution":"University of Illinois at Urbana-Champaign","degree_name":"M.S.","degree_level":"Thesis","degree_discipline":"Recreation, Sport, and Tourism","degree_department":null,"school":null,"contributors":["Tainsky, Scott"],"advisors":[],"committee_chairs":[],"committee_members":[],"year":2011,"date_issued":"2011-05-25T14:58:05Z","date_published":"2011-05-25T14:58:05Z","updated_at":"2026-07-22T22:25:23Z","subjects":["Efficient market hypothesis","sport betting","point spread","rest","National Football League (NFL)","bye week"],"languages":["en"],"rights":["© 2011 Yoon Tae Sung"],"rights_urls":[],"identifier_entries":[]},"links":{"outbound_url":"http://hdl.handle.net/2142/24338","outbound_label":"Handle","outbound_source":"dc:identifier"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor","label":"Contributor","values":["Tainsky, Scott"]},{"key":"dc:creator","label":"Author","values":["Sung, Yoon Tae"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date","label":"Dc Date","values":["2011-05-25T14:58:05Z","2011-05"]},{"key":"thesis:degree_discipline","label":"Discipline","values":["Recreation, Sport, and Tourism"]},{"key":"thesis:degree_level","label":"Degree Level","values":["Thesis"]},{"key":"thesis:degree_name","label":"Degree Name","values":["M.S."]},{"key":"thesis:institution_name","label":"Thesis Institution Name","values":["University of Illinois at Urbana-Champaign"]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["Efficient market hypothesis","sport betting","point spread","rest","National Football League (NFL)","bye week"]}]},{"id":"language_rights","label":"Language and Rights","entries":[{"key":"dc:language","label":"Dc Language","values":["en"]},{"key":"dc:rights","label":"Dc Rights","values":["© 2011 Yoon Tae Sung"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier","label":"Identifier","values":["http://hdl.handle.net/2142/24338"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description","label":"Description","values":["The efficient market hypothesis (EMH) for sport betting states that all publicly available information should be mirrored in betting lines, so there should be no bias of betting outcomes. Because of several similarities to financial markets, the sport betting market is thought of as a fair market. This investigation tests the EMH in the National Football League betting market from the 2002 to 2009 seasons. This study also examines whether there is a bias after a bye week in terms of the EMH. For this investigation we utilized a significance test for proportion and logistic regression. The findings suggest that, among other biases, favorites and favorites on the road won statistically more bets than their opponents after their bye week. This study provides relevant evidence of inefficiencies within NFL betting.","Item withdrawn by Mark Zulauf (zulauf@illinois.edu) on 2011-04-28T21:34:27Z Item was in collections: University of Illinois Theses & Dissertations (ID: 1) No. of bitstreams: 1 Sung_Yoon Tae.pdf: 1242245 bytes, checksum: 621b028b0a4044d4e5bee3be30d20940 (MD5)","Made available in DSpace on 2011-05-25T14:58:05Z (GMT). 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For this investigation we utilized a significance test for proportion and logistic regression. The findings suggest that, among other biases, favorites and favorites on the road won statistically more bets than their opponents after their bye week. This study provides relevant evidence of inefficiencies within NFL betting.","Item withdrawn by Mark Zulauf (zulauf@illinois.edu) on 2011-04-28T21:34:27Z Item was in collections: University of Illinois Theses & Dissertations (ID: 1) No. of bitstreams: 1 Sung_Yoon Tae.pdf: 1242245 bytes, checksum: 621b028b0a4044d4e5bee3be30d20940 (MD5)","Made available in DSpace on 2011-05-25T14:58:05Z (GMT). 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