• Corpus ID: 204801131

Beating the House: Identifying Inefficiencies in Sports Betting Markets

  title={Beating the House: Identifying Inefficiencies in Sports Betting Markets},
  author={Sathya Ramesh and Ragib Mostofa and Marco Bornstein and John A. Dobelman},
  journal={arXiv: General Economics},
Inefficient markets allow investors to consistently outperform the market. To demonstrate that inefficiencies exist in sports betting markets, we created a betting algorithm that generates above market returns for the NFL, NBA, NCAAF, NCAAB, and WNBA betting markets. To formulate our betting strategy, we collected and examined a novel dataset of bets, and created a non-parametric win probability model to find positive expected value situations. As the United States Supreme Court has recently… 



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