A recent article by Paul and Weinbach has two objectives. The first is to reject the conventional wisdom that sports books operate by balancing the action on the games. The second objective of Paul and Weinbach is to investigate point-shaving. This second section of the article falls short in recognizing the incentive to decrease detection, incomplete treatment of previous literature, logistics, and methodology.
DiemerG. (2009a). Internet sports books operating in an inefficient marketplace. The Journal of Gambling Business and Economics, 3, 1–22.
2.
DiemerG. (2009b). Point shaving in the NFL gambling market: A bootstrap investigation. Journal of Prediction Markets, 3, 13–31.
3.
PaulR. J.WeinbachA. (2010). Investigating allegations of pointshaving in NCAA basketball using actual sportsbook betting percentages. Journal of Sports Economics. Advance online publication. doi: 10.1177/1527002510385904.
4.
WolfersJ. (2006). Point shaving: Corruption in NCAA basketball. American Economic Review, 96, 279–283.
