Informed Traders And Price Variations In The Betting Market For Professional Basketball Games  

Oleh:

Gandar, John M. ; Dare, William H. ; Brown, Craig R. ; Zuber, Richard

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Journal of Finance (EBSCO) vol. 53 no. 1 (Feb. 1998), page 385-401.
Topik: National Basketball Association; Price Variations; Traders Betting on the Market
Fulltext: p 385.pdf (93.38KB)

Isi artikel

This paper examines betting line changes from the opening to the closing of the point spread betting market on National Basketball Association games for evidence of informed trader betting. We show that within-betting period line changes significantly improve the accuracy of betting lines as forecasts of game outcomes. We examine individual line change magnitudes and show that these are directly and proportionately related to biases in opening lines. Further, line changes are of sufficient magnitude to remove these biases by the close of betting. We interpret these results as evidence that informed traders are influential in this market

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali