The Super Bowl of Sports Gambling

Old School

OVR
Forum Member
Mar 19, 2006
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interesting read.


In the world of sports gambling, there are two types of people: squares and sharps. Squares make bets based on hunches, hometown favoritism, emotion. Nearly everybody who bets is a square ? about 97 percent of sports bettors lose money long-term. Sharps are those few who can figure out how to beat bookmakers. To them, games aren?t athletic contests so much as complex probability generators. ?Forget jerseys and pompoms and who is going to lift the Lombardi Trophy,? V. R. told me. ?You don?t bet teams. You bet numbers.?

and all this time I thought is was 99%

Joe Public is one gigantic community.
 

dunclock

Registered User
Forum Member
Dec 22, 2001
11,899
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Nashville, TN
please let me know who are the "sharps" here on MJs ... would love to be in the 3% and my bankroll would be greatly appreciated:0074
 

Terryray

Say Parlay
Forum Member
Dec 6, 2001
9,946
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Kansas City area for who knows how long....
That statistics guy who won the "The Super Bowl of Sports Gambling", David Frohardt-Lane, also won another NFL contest he entered the previous season. Not sure if I believe his claim that his model hits only 53-55% ATS in the long run....

Here is a 52 minute video of a lecture by him on "Predictive Modeling in Sportsbetting".

http://vimeo.com/70385197


description:

David Frohardt-Lane's Talk on "Predictive Modeling in Sportsbetting"

PROMYS 25th Summer Celebration
July 6th, 2013 at 10am

Abstract: In this talk, I will talk about the process of building a prediction model. The model in question will be designed predict the outcomes of NFL games, using only box score statistics in previous games, and built with the intention of identifying profitable wagering opportunities. The focus of the talk will be on how to extract as much information as possible from a limited data set. This should be easy to follow; I won't be assuming prior familiarity with statistics or football.

Bio: David spent two years at PROMYS, in '94 and '95. After PROMYS, he went to Carleton College where he majored in mathematics and then went on to get a MS in statistics from the University of Chicago. In 2004, he ended up at a proprietary trading company called GETCO, and spent the next 8 years there, working out of their Chicago, NY and Singapore offices and trading a wide variety of financial products. As of July 1, he has started a new job with 3Red, a small trading firm in Chicago. David have always been interested in sports analytics and for a period of time (2003), he was making the majority of his income from betting on baseball. While he no longer gambles (the legal situation has changed since then) he continues to dabble with sports prediction models as a hobby. Recently he has started consulting with an Major League Baseball team to help them project high school and college players for the amateur draft. A common theme across these endeavors is building quantitative models to make predictions.
 
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