EclectEcon

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Speculation, Intertermporal Changes, and the SuperBowl
Over a week ago, I suggested that the posted spread for the SuperBowl, favouring NE by 12 points, was surely too high and would be bid downward by bettors during the next few days or so.

I was wrong. The spread is still at or near NE -12 according to many sources. I hope nobody took my advice...

Further evidence for why I don't bet on sporting events.

[btw, I'm cheering for the Patriots. Reason? Belichek majored in economics as an undergrad]

Update: I see Kip Esquire agrees that the Giants +12 is a good bet. He actually spoke with his wallet.

Also, I see that Tradesports has NE-12.5 trading at almost even money at 10pm EST, Saturday. I wonder if a bunch of late money will come in on the NYG side of this bet...

Since I would take the NYG side of the bet if I bet on sporting events, you might want to do the opposite, given my recent lack of success at forecasting sporting events.
Category: Economics, Sports Posted on Saturday, February 2, 2008 at 12:35am
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