POINT SHAVING IN COLLEGE BASKETBALL: A CAUTIONARY TALE FOR FORENSIC ECONOMICS

被引：21
|
作者：
Bernhardt, Dan [1 ]
Heston, Steven [2 ]
机构：
[1] Univ Illinois, Dept Econ, Urbana, IL 61801 USA
[2] Univ Maryland, Dept Finance, Robert H Smith Sch Business, College Pk, MD 20742 USA
来源：
ECONOMIC INQUIRY | 2010年 / 48卷 / 01期
关键词：
STOCK OPTION GRANTS; CORRUPTION; AUCTIONS; MARKET; AWARDS; MODEL;
D O I：
10.1111/j.1465-7295.2009.00253.x
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Point shaving is the practice by favored teams of attempting to win by less than the point spread to yield profits for gamblers who bet on the underdog. Consistent with point shaving, strong favorites are anomalously likely to win by less than the spread. To distinguish between innocent and criminal explanations, we (1) exploit information in line movements and (2) isolate games without betting lines to identify games where point shaving is implausible and document similar patterns. The data are better explained by strategic efforts to maximize the probability of winning. These findings highlight the importance of methodology design. (JEL L83, K42)
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页码：14 / 25
页数：12
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