Market efficiency and the favorite-longshot bias: The baseball betting market

Authors

Linda M. Woodland, Eastern Michigan UniversityFollow
Bill M. Woodland, Eastern Michigan UniversityFollow

Document Type

Article

Publication Date

1994

Department

Accounting and Finance

DOI

10.1111/j.1540-6261.1994.tb04429.x

Citation

Woodland, L. M., & Woodland, B. M. (2001). Market efficiency and profitable wagering in the National Hockey League: Can bettors score on longshots? Southern Economic Journal, 67(4), 983–995. http://doi.org/10.2307/1061582