Informed Traders and Price Variations in the Betting Market for Professional Basketball Games

This paper examines betting line changes from the opening to the closing of the point spread betting market on National Basketball Association games for evidence of informed trader betting. We show that within-betting period line changes significantly improve the accuracy of betting lines as forecas...

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Veröffentlicht in:	The Journal of finance (New York) 1998-02, Vol.53 (1), p.385-401
Hauptverfasser:	Gandar, John M., Dare, William H., Brown, Craig R., Zuber, Richard A.
Format:	Artikel
Sprache:	eng
Schlagworte:	Accuracy Analytical forecasting Betting Econometrics Error rates Forecasts Foreign exchange futures Gambling Games Hypotheses Information Market Market prices Noise Null hypothesis P values Price changes Price variance Price volatility Prices Pricing Professional basketball Proportions Securities markets Shorter Papers Sport Spread Studies Volatility
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