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

Winkelmann D, Deutscher C, Ötting M (2021)
Applied Economics: 1-11.

Zeitschriftenaufsatz | Veröffentlicht | Englisch
 
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Abstract / Bemerkung
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 realizing a restart without spectators. Several recent studies suggest that the home advantage of teams 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 with the disappeared home advantage, opening opportunities for profitable betting strategies.
Erscheinungsjahr
2021
Zeitschriftentitel
Applied Economics
Seite(n)
1-11
ISSN
0003-6846
eISSN
1466-4283
Page URI
https://pub.uni-bielefeld.de/record/2951197

Zitieren

Winkelmann D, Deutscher C, Ötting M. Bookmakers’ mispricing of the disappeared home advantage in the German Bundesliga after the COVID-19 break. Applied Economics. 2021:1-11.
Winkelmann, D., Deutscher, C., & Ötting, M. (2021). Bookmakers’ mispricing of the disappeared home advantage in the German Bundesliga after the COVID-19 break. Applied Economics, 1-11. https://doi.org/10.1080/00036846.2021.1873234
Winkelmann, D., Deutscher, C., and Ötting, M. (2021). Bookmakers’ mispricing of the disappeared home advantage in the German Bundesliga after the COVID-19 break. Applied Economics, 1-11.
Winkelmann, D., Deutscher, C., & Ötting, M., 2021. Bookmakers’ mispricing of the disappeared home advantage in the German Bundesliga after the COVID-19 break. Applied Economics, , p 1-11.
D. Winkelmann, C. Deutscher, and M. Ötting, “Bookmakers’ mispricing of the disappeared home advantage in the German Bundesliga after the COVID-19 break”, Applied Economics, 2021, pp. 1-11.
Winkelmann, D., Deutscher, C., Ötting, M.: Bookmakers’ mispricing of the disappeared home advantage in the German Bundesliga after the COVID-19 break. Applied Economics. 1-11 (2021).
Winkelmann, David, Deutscher, Christian, and Ötting, Marius. “Bookmakers’ mispricing of the disappeared home advantage in the German Bundesliga after the COVID-19 break”. Applied Economics (2021): 1-11.

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arXiv: 2008.05417

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