Monday Night Football 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.