Recent studies have documented the existence of an own-race bias on the part of sports officials. In this paper we explore the implications of these biases on betting markets. We use data from the 1991/92 - 2004/05 NBA regular seasons to show that a betting strategy exploiting own-race biases by...

Recently it was reported that in the NBA as a whole, two thirds of the home advantage which teams enjoy when playing at home is accumulated in the first quarter. Home advantage can also be determined for individual teams, and there is good reason for doing so. For example, the relation of home...