So Easy A Caveman Can Beat the Football Betting Market
An alleged relationship between winning football games and beating the point spread is investigated. Results from the 2003-2012 seasons of the National Football League connected the highest wins-to-bets ratio and the lowest ratio with the teams earning the highest winning percentage and the second-lowest percentage, respectively. Wagers on New England and against Oakland produced a significantly profitable W/B ratio of 61.4 percent. Beating the market by betting on perennial NFL winners and against perennial NFL losers seems so easy a caveman can do it. [ABSTRACT FROM AUTHOR]
Kochman, L., Goodwin, R., & Bray, D. (2015). SO EASY A CAVEMAN CAN BEAT THE FOOTBALL BETTING MARKET. American Economist, 60(2).