Monday Night Underdog Bias
"No Place Like Home: An
Examination of the Home Field
Advantage in Gambling">
Roger C Vergin & John J Sosik
Journal
of Economics and Business (1999)
This paper looks at games
played from 1981-1996 that have
a national focus, specifically
Monday and Playoff games. The
paper finds that betting on the
Home team produced a .592 win rate.
Betting the Home team when
it's an Underdog produces a .656
win rate.
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