If sports books price as a response to a small group of informed bettors, better access to information may allow for greater possible exploitation of biased point spreads
or totals on the part of wiseguys, leading to sports books that more effectively price as an unbiased forecast of game outcomes.
In this research we examine point spreads
for games in the National Basketball Association (NBA) for evidence that betting markets believe that NBA teams intentionally lose games at the end of the season in order to obtain a higher pick in the subsequent NBA entry draft, a behavior called "tanking" in the popular press.
A few games haven't even been given point spreads
by oddsmakers in Las Vegas, as of Monday afternoon.
Therefore, use of prediction markets data such as point spreads
and betting odds are ideal for estimating the uncertainty of outcome for a particular contest before the game is played.
uk/) is helping financial traders take maximum advantage of the volatility by offering one point spreads
on a number of key markets.
For example, point spreads
for the four fixed Arizona State games in 1994 fell by an average of 2 points.
It is because of point spreads
that you hear many men (and some women) walking about each fall mumbling things like "You're taking the Packers with 7?
Moreover, in follow-up studies, Simmons and Nelson showed that this tendency remained strong even when investigating experts' predictions and when point spreads
were increased -- a move that makes wagers on favorites more likely to lose.
Though it sounds crazy to list double-digit point spreads
, USC has covered the past two games (Colorado State and BYU) and is a 22-point favorite today.
Hecht and Montefiore make it clear they plan to offer more than simple point spreads
com is a Web based publication which provides up to the minute information concerning point spreads
, team ratings, injury reports and news.
We also ask whether the failure to cover point spreads
is the same during the regular season and during the NCAA post-season tournament play.