The argument that home sports teams tend to be underpriced and generate abnormal returns when picked to beat their respective point spreads was extended to college football. While aggregate wins-to-bets ratios for home favorites and home underdogs for the 1997-2003 seasons revealed no such systematic behavior, results from certain conference-specific betting rules suggested that home teams may actually be overpriced and that a home field disadvantage exists. Betting against home teams in the Sunbelt and Southeastern Conferences produced statistically significant W/B ratios greater than 60 percent.
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