3 ms·
He does and he's a very smart person. He would pretty much be the go to guy I'd talk to about anything related to applied analytics and sports betting. It's fun
by kriro 10y ago
He does and he's a very smart person. He would pretty much be the go to guy I'd talk to about anything related to applied analytics and sports betting. It's fun to see him debate sports books that claim they will take "any bets". The biggest problem seems to be getting volume once your model works. You're basically limited to the NFL, NBA and soccer. I believe there are good/winning models for college basketball for example but you can't wager enough money to make it worthwhile.
Personally I think the juice is so high that I won't bother with anything sports betting related other than having a fun exercise/data to play with. Daily sports is way too scummy an industry (used to be a semi-pro online poker player so been there, done that) and the juice is very high as well but I suppose there could be some temporary money in it as there's enough amateurs around. If you want to do that from an ethical POV is another question (one of the reasons I quit poker) but either way the field will get more competitive rather quickly and/or regulated/legislated away.
tl;dr: Don't invest too much time in sports betting other than as a fun hobby with a nice dataset.