Humphreys, Brad R.; Paul, Rodney J.; Weinbach, Andrew P. - In: International Journal of Sport Finance 8 (2013) 4, pp. 294-311
Betting strategies based on the presence of home-underdog bias in the NFL have been shown to produce returns in excess of those predicted by market efficiency in some situations. Dare and Dennis (2011) attribute this bias to bettors underestimating the scoring ability of home underdogs. Using a...