Re-examining the efficiency of the Major League Baseball over-under betting market

• Autores: J. Erik Bickel, Seong Dae Kim
• Localización: Applied financial economics, ISSN 0960-3107, Vol. 24, Nº. 16-18, 2014, págs. 1229-1234
• Idioma: inglés
• DOI: 10.1080/09603107.2014.925052
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• Resumen

  • We examine the efficiency of the Major League Baseball over-under betting market. Previous research in this area was unable to correctly test market efficiency because a data-set including the odds at which wagers were placed was unavailable. Using a data-set that includes both run lines and money lines, we find little evidence that the over-under market is inefficient.