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Int. J. Financial Stud. 2014, 2(2), 179-192; doi:10.3390/ijfs2020179

The Effects of the Clock and Kickoff Rule Changes on Actual and Market-Based Expected Scoring in NCAA Football

1
Department of Economics, Finance, and Marketing, Auburn University at Montgomery, P.O. Box 244023, Montgomery, AL 36124, USA
2
Department of Finance, Syracuse University, 810 Nottingham Road, Syracuse, NY 13224, USA
3
Department of Finance and Economics, Coastal Carolina University, P.O. Box 261954, Conway, SC 29528-6054, USA
*
Author to whom correspondence should be addressed.
Received: 28 February 2014 / Revised: 1 April 2014 / Accepted: 9 April 2014 / Published: 16 April 2014
(This article belongs to the Special Issue Sports Finance)
View Full-Text   |   Download PDF [237 KB, uploaded 16 April 2014]

Abstract

Clock rule changes were introduced in the 2006 season with the goal of reducing the average duration of the game; these changes were reversed in 2007. In addition, in 2007 the kickoff rule was changed to create more excitement and potentially more scoring. We examine what happened to actual and expected scoring during these National Collegiate Athletic Association (NCAA) football seasons. The clock rule change in 2006 led to lower scoring which was not fully encompassed in the betting market, leading to significant returns to betting the under. Multiple rule changes in 2007 led to volatility in the betting market that subsided by season’s end. View Full-Text
Keywords: rule change; amateur sports; scoring; gambling; betting; market efficiency; prediction markets rule change; amateur sports; scoring; gambling; betting; market efficiency; prediction markets
This is an open access article distributed under the Creative Commons Attribution License (CC BY 3.0).

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MDPI and ACS Style

Linna, K.; Moore, E.; Paul, R.; Weinbach, A. The Effects of the Clock and Kickoff Rule Changes on Actual and Market-Based Expected Scoring in NCAA Football. Int. J. Financial Stud. 2014, 2, 179-192.

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