The movement between the opening and closing of betting lines on sports events has been shown to contain valuable information. The purpose of this study is to search for the source of this valuable information. Changes in college football betting lines are examined with respect to information...

I examine outcome predictability in the National Football League totals betting market using data from the 1984 through 2004 seasons. Results suggest that while weather is an important determinant of scoring, the market does not accurately incorporate the effects of adverse conditions into...