I’ve long been interested in the adjustment of expectations to changes in team performance.  Several of my papers model point spreads in the betting market based on the market’s implied ...

Guest Post by Andy Weinbach and Rodney Paul August 3rd reports of Favre’s imminent retirement may have been exaggerated, but they did move the NFL futures markets. Week 1 - ...

Yesterday the New York Times reported that a bill to legalize internet gambling is making progress in Congress.  I would love to be able to get a legal bet down ...

Here's a brief follow up on my Sunday night post on how much money sports books made on Super Bowl wagering. I pointed out that, based on the volume of ...

The Saints beat the Colts 31-17 for their first Super Bowl victory. It was a thrilling win, with the outcome in doubt until Tracy Porters' 74 yard "pick six" with ...