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Int. J. Financial Stud. 2014, 2(2), 193-202; doi:10.3390/ijfs2020193
Article

Market Efficiency and Behavioral Biases in the WNBA Betting Market

1,*  and 2
Received: 24 February 2014; in revised form: 9 April 2014 / Accepted: 14 April 2014 / Published: 24 April 2014
(This article belongs to the Special Issue Sports Finance)
View Full-Text   |   Download PDF [271 KB, uploaded 24 April 2014]
Abstract: The betting market for the Women’s National Basketball Association (WNBA) is a thin financial market, which does not attract much interest from sports bettors. Given these characteristics, it is possible that profitable wagering strategies could exist for informed bettors of the WNBA. Using betting data on the WNBA from 2007–2012, we find that simple betting strategies do not earn statistically significant returns. WNBA bettors are like NBA bettors; however, in that they strongly prefer the best teams, particularly when they are on the road. Despite this clear bias, betting against the most popular public wagers is not found to earn statistically significant profits.
Keywords: efficient markets; gambling; behavioral biases efficient markets; gambling; behavioral biases
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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MDPI and ACS Style

Paul, R.J.; Weinbach, A.P. Market Efficiency and Behavioral Biases in the WNBA Betting Market. Int. J. Financial Stud. 2014, 2, 193-202.

AMA Style

Paul RJ, Weinbach AP. Market Efficiency and Behavioral Biases in the WNBA Betting Market. International Journal of Financial Studies. 2014; 2(2):193-202.

Chicago/Turabian Style

Paul, Rodney J.; Weinbach, Andrew P. 2014. "Market Efficiency and Behavioral Biases in the WNBA Betting Market." Int. J. Financial Stud. 2, no. 2: 193-202.


Int. J. Financial Stud. EISSN 2227-7072 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert