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Yeah, that's the conclusion I am coming to as well. The people with good models aren't going to talk about them. Even if they need investment they'll seek it pr

Yeah, that's the conclusion I am coming to as well. The people with good models aren't going to talk about them. Even if they need investment they'll seek it privately. I guess I was thinking of a market where you can 'invest' your money in someone's model and they take a percentage of your winnings (that's their incentive for adding your money to the pool). Then it's a democratised race for whoever has the best model.

lscharen 7y ago
Here's an interesting article about an NBA sports-better that developed a high-fidelity model to simulate NBA games. https://www.espn.com/blog/playbook/dollars/post/_/id/2935/meet-the-worlds-top-nba-gambler https://www.espn.com/blog/playbook/dollars/post/_/id/2935/me...
phillc73 7y ago
Here's an idea from an Australian website where you can build a very basic model, using past results (which are of course no guarantee of future performance) and then sell it. Or alternatively, you can buy "qualifiers" for these systems for a small fee.[1] [1] http://www.puntingform.com.au/account/systems-dashboard/#toppublicsystems http://www.puntingform.com.au/account/systems-dashboard/#top...
foxhound6 7y ago
In horse racing where the bets are done via parimutuel[1], the challenge is that there's an upper bound on how much you can "invest" in a given wager without changing the odds. This makes it less likely that an expert will seek outside investment unless their model has them betting "wide" (lots of small bets vs. a few large ones). [1] https://en.wikipedia.org/wiki/Parimutuel_betting https://en.wikipedia.org/wiki/Parimutuel_betting
- PaulRobinson 7y ago
  Not everywhere does Parimutuel - the UK and Ireland for example have basically rejected it despite massive investment into on-course "Tote" systems.
  - phillc73 7y ago
    Is there any hope for Together for the Tote?[1] I like to dream there is sometimes. [1] https://www.togetherforthetote.com https://www.togetherforthetote.com
  - foxhound6 7y ago
    Sorry I should have been more specific. Love your stuff on Twitter by the way.
hogFeast 7y ago
Lol. The people who have the best models are often billionaires, have funds that manage hundreds of millions, and will employ hundreds of people on their own dime...they don't need to make a percentage on your $1000 investment. Btw, these websites already exist but no-one on there makes any money. You don't need a lot of capital to make money in sports betting (because you turn your capital over so many times a year), there is no reason for a good sports bettor to use those sites to publicise themselves.

lscharen 7y ago

Here's an interesting article about an NBA sports-better that developed a high-fidelity model to simulate NBA games. https://www.espn.com/blog/playbook/dollars/post/_/id/2935/meet-the-worlds-top-nba-gambler https://www.espn.com/blog/playbook/dollars/post/_/id/2935/me...

phillc73 7y ago

Here's an idea from an Australian website where you can build a very basic model, using past results (which are of course no guarantee of future performance) and then sell it. Or alternatively, you can buy "qualifiers" for these systems for a small fee.[1] [1] http://www.puntingform.com.au/account/systems-dashboard/#toppublicsystems http://www.puntingform.com.au/account/systems-dashboard/#top...

foxhound6 7y ago

In horse racing where the bets are done via parimutuel[1], the challenge is that there's an upper bound on how much you can "invest" in a given wager without changing the odds. This makes it less likely that an expert will seek outside investment unless their model has them betting "wide" (lots of small bets vs. a few large ones). [1] https://en.wikipedia.org/wiki/Parimutuel_betting https://en.wikipedia.org/wiki/Parimutuel_betting

PaulRobinson 7y ago
Not everywhere does Parimutuel - the UK and Ireland for example have basically rejected it despite massive investment into on-course "Tote" systems.
- phillc73 7y ago
  Is there any hope for Together for the Tote?[1] I like to dream there is sometimes. [1] https://www.togetherforthetote.com https://www.togetherforthetote.com
- foxhound6 7y ago
  Sorry I should have been more specific. Love your stuff on Twitter by the way.

hogFeast 7y ago

Lol. The people who have the best models are often billionaires, have funds that manage hundreds of millions, and will employ hundreds of people on their own dime...they don't need to make a percentage on your $1000 investment. Btw, these websites already exist but no-one on there makes any money. You don't need a lot of capital to make money in sports betting (because you turn your capital over so many times a year), there is no reason for a good sports bettor to use those sites to publicise themselves.