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In Sauer's follow-up to the study of Gandar and Zuber on market efficiency on NFL betting,...

In Sauer's follow-up to the study of Gandar and Zuber on market efficiency on NFL betting, Sauer's findings showed:

market efficiency could not be rejected

market efficiency holds on Sundays, but not Monday Nights

Markets are terribly inefficient in sports gambling

Underdogs offered an easy winning strategy in the market
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Answer #1

The correct answer is: a).

Reason: the study shows that the NFL betting markets are actually efficient.

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