Short and Long-Term Biases in European Football Betting Markets

Winkelmann, David; Ötting, Marius; Deutscher, Christian

doi:10.2139/ssrn.3672233

SSRN Journal

2020

DOI: 10.2139/ssrn.3672233

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Short and Long-Term Biases in European Football Betting Markets

David Winkelmann

Marius Ötting

Christian Deutscher

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2020

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“…Winkelmann et al (2020) present an overview of studies on biases in European betting markets.5 Prior to COVID-19…”

mentioning

confidence: 99%

Bookmakers' mispricing of the disappeared home advantage in the German Bundesliga after the COVID-19 break

Deutscher¹,

Winkelmann²,

Ötting³

2020

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The outbreak of COVID-19 in March 2020 led to a shutdown of economic activities in Europe. This included the sports sector, since public gatherings were prohibited. The German Bundesliga was among the first sport leagues realising a restart without spectators. Several recent studies suggest that the home advantage of teams was eroded for the remaining matches. Our paper analyses the reaction by bookmakers to the disappearance of such home advantage. We show that bookmakers had problems to adjust the betting odds in accordance to the disappeared home advantage, opening opportunities for profitable betting strategies.

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“…Winkelmann et al (2020) present an overview of studies on biases in European betting markets.5 Prior to COVID-19…”

mentioning

confidence: 99%

Bookmakers' mispricing of the disappeared home advantage in the German Bundesliga after the COVID-19 break

Deutscher¹,

Winkelmann²,

Ötting³

2020

Preprint

Self Cite

View full text Add to dashboard Cite

show abstract

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Short and Long-Term Biases in European Football Betting Markets

Cited by 1 publication

References 19 publications

Bookmakers' mispricing of the disappeared home advantage in the German Bundesliga after the COVID-19 break

Bookmakers' mispricing of the disappeared home advantage in the German Bundesliga after the COVID-19 break

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