diff --git a/src/pretix/base/settings.py b/src/pretix/base/settings.py
index f2229a821..d193f0323 100644
--- a/src/pretix/base/settings.py
+++ b/src/pretix/base/settings.py
@@ -1930,8 +1930,6 @@ DEFAULTS = {
         'serializer_class': serializers.BooleanField,
         'form_kwargs': dict(
             label=_("Hide all unavailable dates from calendar or list views"),
-            help_text=_("This option currently only affects the calendar of this event series, not the organizer-wide "
-                        "calendar.")
         )
     },
     'event_calendar_future_only': {
diff --git a/src/pretix/presale/views/event.py b/src/pretix/presale/views/event.py
index a7cff433e..fe54f21eb 100644
--- a/src/pretix/presale/views/event.py
+++ b/src/pretix/presale/views/event.py
@@ -79,7 +79,7 @@ from pretix.presale.signals import seatingframe_html_head
 from pretix.presale.views.organizer import (
     EventListMixin, add_subevents_for_days, days_for_template,
     filter_qs_by_attr, filter_subevents_with_plugins, has_before_after,
-    weeks_for_template,
+    should_hide_subevent, weeks_for_template,
 )
 
 from . import (
@@ -443,12 +443,10 @@ class EventIndex(EventViewMixin, EventListMixin, CartMixin, TemplateView):
                 )
             )
             subevents = filter_subevents_with_plugins(list(subevents), self.request.sales_channel)
-            context['subevent_list'] = subevents
-            if self.request.event.settings.event_list_available_only and not voucher:
-                context['subevent_list'] = [
-                    se for se in subevents
-                    if not se.presale_has_ended and (se.best_availability_state is None or se.best_availability_state >= Quota.AVAILABILITY_RESERVED)
-                ]
+            context['subevent_list'] = [
+                se for se in subevents
+                if not should_hide_subevent(self.request.event.settings, se, voucher)
+            ]
             context['visible_events'] = len(subevents) > 0
         return context
 
diff --git a/src/pretix/presale/views/organizer.py b/src/pretix/presale/views/organizer.py
index a89fa3069..0b4b15381 100644
--- a/src/pretix/presale/views/organizer.py
+++ b/src/pretix/presale/views/organizer.py
@@ -601,6 +601,32 @@ def filter_subevents_with_plugins(subevents, sales_channel=None):
     return subevents
 
 
+def should_hide_subevent(settings, subevent, voucher=None):
+    hide = False
+    if settings.event_list_available_only:
+        hide = (
+            # Presale is over → the subevent is not available → hide
+            subevent.presale_has_ended or
+            # Not a single product is available on this sales channel → hide
+            # Note that means there could be products which are ignored for calendar availability (Quota.ignore_for_event_availability)
+            # or products only visible with a voucher. However, for customers with these scenarios, the event_list_available_only
+            # makes only very little sense as it would never do anything, so the flag can just be removed -- or the products should
+            # be made visible so people know why there are no products. In case a voucher is already entered on the calendar view,
+            # this is already respected and subevents are shown correctly.
+            subevent.best_availability_state is None or
+            (
+                # Sold out → hide, unless we have a voucher active that can bypass all quotas
+                (not voucher or not voucher.allow_ignore_quota) and
+                subevent.best_availability_state < Quota.AVAILABILITY_RESERVED
+            )
+        )
+
+    if settings.event_calendar_future_only:
+        if (subevent.date_to or subevent.date_from) < time_machine_now():
+            hide = True
+    return hide
+
+
 def add_subevents_for_days(qs, before, after, ebd, timezones, sales_channel, event=None, cart_namespace=None,
                            voucher=None):
     qs = qs.filter(active=True, is_public=True).filter(
@@ -640,19 +666,8 @@ def add_subevents_for_days(qs, before, after, ebd, timezones, sales_channel, eve
             kwargs['cart_namespace'] = cart_namespace
 
         s = event.settings if event else se.event.settings
-
-        if s.event_list_available_only:
-            hide = se.presale_has_ended or (
-                (not voucher or not voucher.allow_ignore_quota) and
-                se.best_availability_state is not None and
-                se.best_availability_state < Quota.AVAILABILITY_RESERVED
-            )
-            if hide:
-                continue
-
-        if s.event_calendar_future_only:
-            if (se.date_to or se.date_from) < time_machine_now():
-                continue
+        if should_hide_subevent(s, se, voucher):
+            continue
 
         timezones.add(s.timezone)
         tz = ZoneInfo(s.timezone)
diff --git a/src/pretix/presale/views/widget.py b/src/pretix/presale/views/widget.py
index 553e48458..bc1432f89 100644
--- a/src/pretix/presale/views/widget.py
+++ b/src/pretix/presale/views/widget.py
@@ -75,7 +75,7 @@ from pretix.presale.views.cart import get_or_create_cart_id
 from pretix.presale.views.organizer import (
     EventListMixin, add_events_for_days, add_subevents_for_days,
     days_for_template, filter_qs_by_attr, filter_subevents_with_plugins,
-    weeks_for_template,
+    should_hide_subevent, weeks_for_template,
 )
 
 logger = logging.getLogger(__name__)
@@ -757,14 +757,10 @@ class WidgetAPIProductList(EventListMixin, View):
                         evs = evs[:limit]
 
                 tz = request.event.timezone
-                if self.request.event.settings.event_list_available_only:
-                    evs = [
-                        se for se in evs
-                        if not se.presale_has_ended and (
-                            se.best_availability_state is not None and
-                            se.best_availability_state >= Quota.AVAILABILITY_RESERVED
-                        )
-                    ]
+                evs = [
+                    se for se in evs
+                    if not should_hide_subevent(self.request.event.settings, se)
+                ]
 
                 data['events'] = [
                     {