Corpus ID: 237532268

The Impact of COVID-19 on Sports Betting Markets

@inproceedings{Qureshi2021TheIO,
  title={The Impact of COVID-19 on Sports Betting Markets},
  author={Khizar Qureshi and Tauhid Zaman},
  year={2021}
}
We investigate the impact of the COVID-19 pandemic on the betting markets of professional and college sports. We find that during the pandemic, the moneyline betting markets of the National Basketball Association (NBA) became very inefficient. During this period, if one bet uniformly on underdog teams in the NBA, one could achieve a 16.7% profit margin. It is hypothesized that this inefficiency is due to the absence of live audiences during the NBA games. Such inefficiencies are not seen for… Expand

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