This study develops a new method for converting performance statistics into marginal product by using Las Vegas sportsbooks’ individual point spread values (PSVs) for National Football League players. This sarticle employs a Tobit model due to the prevalence of player PSVs that are 0. We find that quarterbacks dominate the player’s values. Passing yards per game, passing touchdowns, and rushing touchdowns are the only findings that are consistently significantly related to PSVs.
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