UEFA Champions League 2008/09 Sample Clauses

UEFA Champions League 2008/09. ‌ In the next application we extend the general model framework for bookmak- ers odds stemming from a variety of bookmakers and model the bookmakers consensus as well as the (dis)agreement across the bookmakers for the UEFA Champions League 2008/09. This section is organized as follows: Section 4.4.1 provides a tournament and data description for the UEFA Champions League 2008/09 for which the bookmakers consensus and agreement are modeled in Section 4.4.2 and analyzed in Section 4.4.3. Section 4.4.4 concludes the paper. 4.4.1 UEFA Champions League 2008/09: Tournament and data description‌ The UEFA Champions League is the most prestigious club competition of the Union of European Football Associations (UEFA) and so one of the most popular annual sports tournaments all over the world. Every year, a selection of European football clubs compete in a multi-stage modus (qualification, group, and knockout stage) to determine the “best” European team. First, 32 teams are determined via three qualification rounds for the group stage and drawn into eight groups (A–H). The number of eligible teams is deter- mined by UEFA’s Coefficient Ranking System for its member associations (see below, for more details). In the 2008/09 season, teams from 17 asso- ciations out of UEFA’s 53 members qualified for the group stage. The four teams of each group play a round-robin—every team plays every other team twice (one home and one away match), for a total of twelve games within the group—and the group winners and runners-up advance to the knockout stages. In the knock-out stage, each round pairings are determined by means of a draw and played under the cup (knock-out) system, on a home-and-away basis, where the winners advance to the next round until two teams remain. The two teams play the final as one single match at a neutral venue yielding the winner of the UEFA Champions League (Union of European Football Associations, 2009b).
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