Momentum trading in the NFL gambling market

被引：1
作者：
Nofsinger, John R. [1 ,2 ]
Shank, Corey A. [3 ]
机构：
[1] Univ Alaska Anchorage, Coll Business & Publ Policy, Finance, Anchorage, AK 99508 USA
[2] Univ Alaska Anchorage, Coll Business & Publ Policy, Int Finance, Anchorage, AK 99508 USA
[3] Miami Univ, Farmer Sch Business, Finance, Oxford, OH USA
来源：
FINANCE RESEARCH LETTERS | 2023年 / 55卷
关键词：
Market efficiency; Momentum; Sports betting;
D O I：
10.1016/j.frl.2023.104006
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
We explore the impact of momentum trading in the NFL betting market at the aggregate weekly level. Bettors prefer to bet on momentum rather than mean reversion in the totals market. The effect is strongest when they bet that the total points scored by both teams will be under the betting line set by bookmakers, especially when the under bet won 60% or more of the games in the previous 1, 2, and 3 weeks. Momentum trading by betting the score will be over the betting line loses money, while trading in the under makes a profit.
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页数：5
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