For every NFL game there is a team that is
For every NFL game there is a team that is expected to win by a certain number of points. In betting parlance, this is called the spread. For example, if the Chicago Bears are expected to beat the Green Bay Packers by 3 points, a sports bettor would say, “Chicago is minus three.” So, if the Bears lose to Green Bay, or do not win by more than 3 points, a bet on Chicago would be a loser. If point spreads are accurate, we would expect about half of all games played to result in the favored team winning (beating the spread) and about half of all games to result in the team favored to not beat the spread. The following data represent the results of 45 randomly selected games where
a 0 indicates the favored team did not beat the spread and a 1 indicates the favored team beat the spread. Do the data suggest that sport books establish accurate spreads?
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