Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/265871 
Year of Publication: 
2022
Series/Report no.: 
UCD Centre for Economic Research Working Paper Series No. WP22/13
Publisher: 
University College Dublin, UCD School of Economics, Dublin
Abstract: 
The support of home spectators is one of the contributing factors to the home advantage effect in sports matches. The Covid-19 pandemic led to European soccer matches being played without spectators. We show that betting markets adjusted swiftly to account for a reduced home advantage in both goal difference and the probability of a win. These adjustments proved accurate over a large sample of soccer matches subsequently played without spectators even though the earliest games appeared to suggest a much bigger change in home advantage.
Subjects: 
Market Efficiency
Home Advantage
Soccer
COVID-19
JEL: 
G14
L83
Z20
Z21
Document Type: 
Working Paper

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