question for gamblers

Discussion in 'Gambling Board' started by Legend, Mar 3, 2012.

  1. Legend

    Legend -

    I have to write an empirical paper for an economics class in a 2 months or so. My proposal is due friday..

    What do you think of the idea of investigating if sports gamblers are racially biased.

    Correct me if Im wrong because Im not exactly an expert on gambling. But these bookmakers set the line so half of the gamblers bet on one team and half on the other? So this gives a sense of who the "market"(aggregate collection of gamblers) believes is better and by how much.

    Is this "market" racially biased? On average do teams comprised more heavily of blacks over or under perform the market estimate? If the market over estimated/values blacks(discriminates against whites) you would see teams with alot of blacks on them not cover the spread as often and their opponents would cover the spread more often.

    What am I asking of you? Do you think I could find any possible data on this? I know I can find the racial composition of teams. But could I find data of the spread of every NBA game in the past 10 years or so? I would prefer to do NBA, but possibly other team sports too if I could find data. More importantly Im asking if my description of how the line is set is accurate? If I am wrong I dont know if I will be able to perform any type of analysis.

    What are your thoughts? Even if there is not any bias it really wont affect my grade so Im not concerned about it. Id imagine there would not be because of how competitive the market is.