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Int. J. Financial Stud. 2014, 2(4), 359-370; doi:10.3390/ijfs2040359

“Hot Hand” in the National Basketball Association Point Spread Betting Market: A 34-Year Analysis

School of Kinesiology, Louisiana State University, Baton Rouge, LA 70803, USA
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Received: 4 November 2014 / Revised: 19 November 2014 / Accepted: 20 November 2014 / Published: 25 November 2014
(This article belongs to the Special Issue Sports Finance)
View Full-Text   |   Download PDF [230 KB, uploaded 25 November 2014]

Abstract

Several articles have looked at factors that affect the adjustments of point spreads, based on hot hands or streaks, for smaller durations of time. This study examines these effects for 34 regular seasons in the National Basketball Association (NBA). Estimating a Seemingly Unrelated Regression model using all 34 seasons, all streaks significantly impacted point spreads and difference in actual points. When estimating each season individually, differences emerged particularly examining winning and losing streaks of six games or more. The results indicate both the presence of momentum effects and the gambler’s fallacy. View Full-Text
Keywords: basketball; hot hand; streak; point spread; NBA (National Basketball Association) basketball; hot hand; streak; point spread; NBA (National Basketball Association)
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. (CC BY 4.0).

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Waggoner, B.; Wines, D.; Soebbing, B.P.; Seifried, C.S.; Martinez, J.M. “Hot Hand” in the National Basketball Association Point Spread Betting Market: A 34-Year Analysis. Int. J. Financial Stud. 2014, 2, 359-370.

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