Research on the Prediction of the likely Winners of the Euro 2008 Football Tournament
The objective of this research is to provide a statistical measurement to predict the likely winners of international football tournaments with particular reference to the Euro 2008 football tournament. This research argues that there exists a positive relationship between the competitive balance and success in international football tournaments. The level of the competitive balance in a domestic football league is measured by the seasonal coefficients of variation (CV) of the end-of-season points. The CV values are employed as ranking indicators between the contesting countries in international football tournaments to predict the likely winners.The seasonal CV values are computed from the top division football leagues of participating countries of Euro 1996, Euro 2000, Euro 2004, and Euro 2008, in order to rank and to predict the likely winner of these tournaments. The results indicate that the higher the level of domestic competition the better chance of winning an international football tournament. The CV ranking is also compared to the UEFA ranking and to the odds of some well known bookmakers in predicting the likely winners of the Euro 2008 football tournament. On the basis of the overall results, this research predicts that the likely winners of the Euro 2008 football tournament would be France, Spain or Germany.
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Volume (Year): 5 (2009)
Issue (Month): 3 (July)
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References listed on IDEAS
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- Brad R. Humphreys, 2002. "Alternative Measures of Competitive Balance in Sports Leagues," Journal of Sports Economics, , vol. 3(2), pages 133-148, May.
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- Jeffery Borland, 2003. "Demand for Sport," Oxford Review of Economic Policy, Oxford University Press, vol. 19(4), pages 478-502, Winter.
- Kelly Goossens, 2006. "Competitive Balance in European Football - Comparison by Adapting Measures: National Measure of Seasonal Imbalance and Top 3," IASE Conference Papers 0620, International Association of Sports Economists.
- Sloane, Peter J, 1971. "The Economics of Professional Football: The Football Club as a Utility Maximiser," Scottish Journal of Political Economy, Scottish Economic Society, vol. 18(2), pages 121-46, June.
- Raymond Stefani, 1997. "Survey of the major world sports rating systems," Journal of Applied Statistics, Taylor & Francis Journals, vol. 24(6), pages 635-646.
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