“…A particular advantage of this measure is that it not only considers the respective teams' latest results, but also other relevant and recent information, such as injuries and fitness of (key) players, dismissals of coaches, etc. Similar to the case of the goal difference, the variable's square, difference in bookmaker probability squared, is included to account for potential non-linearities (Buraimo et al, 2012 Another factor that might affect the behaviour of contestants is the atmosphere in the stadium (Deutscher & Schneemann, 2015). Hence, we include the log of the number of spectators at the respective match into the model (attendance …”