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 53(26): 3054-3064.

Zeitschriftenaufsatz | Veröffentlicht | Englisch
 
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DOI
Autor*in
Winkelmann, DavidUniBi ; Deutscher, ChristianUniBi ; Ötting, MariusUniBi
Einrichtung
Fakultät für Psychologie und Sportwissenschaft > Abteilung Sportwissenschaft > Arbeitsbereich V - Sport und Wirtschaft
Fakultät für Wirtschaftswissenschaften > Lehrstuhl für Statistik und Datenanalyse
Fakultät für Wirtschaftswissenschaften > Lehrstuhl für BWL, Controlling & Produktionswirtschaft
Fakultät für Wirtschaftswissenschaften > Department Management Science & Business Analytics
Projekt
Betrug bei Live-Wetten/1: Datengestützte Indikation von Betrug bei Live-Wetten, 1. Förderphase
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
Band
53
Ausgabe
26
Seite(n)
3054-3064
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;53(26):3054-3064.
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, 53(26), 3054-3064. https://doi.org/10.1080/00036846.2021.1873234
Winkelmann, David, Deutscher, Christian, and Ötting, Marius. 2021. “Bookmakers’ mispricing of the disappeared home advantage in the German Bundesliga after the COVID-19 break”. Applied Economics 53 (26): 3054-3064.
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 53, 3054-3064.
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, 53(26), p 3054-3064.
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, vol. 53, 2021, pp. 3054-3064.
Winkelmann, D., Deutscher, C., Ötting, M.: Bookmakers’ mispricing of the disappeared home advantage in the German Bundesliga after the COVID-19 break. Applied Economics. 53, 3054-3064 (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 53.26 (2021): 3054-3064.
Material in PUB:
Dissertation, die diesen PUB Eintrag enthält
Essays on Advanced Analytics for Logistics Operations and Sports Economics
Winkelmann D (2024)
Bielefeld: Universität Bielefeld.
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