Honors Capstone Project
Date of Submission
Mary E. Lovely
Capstone Prize Winner
Won Capstone Funding
Economics | Economic Theory | Income Distribution
This study tests the efficiency of the college football gambling market and whether the market allows for profitable wagering. Operating upon the theoretical framework that, at any given time, prices fully reflect all information available in a particular market, I test for the existence of residual information that is not currently incorporated into the market, thus rendering it inefficient. This project expands upon several previous studies performed on sports betting – most notably that of Zuber, Gandar, and Bowers (1985), which examined the gambling market efficiency for National Football League games. The findings prove to be consistent with the conclusions reached in these prior analyses, which suggest that speculative inefficiencies exist within the market.
McNeil, Brian, "The College Football Gambling Market An Empirical Approach" (2005). Honors Capstone Projects - All. 681.
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