E57 - Beating the Bookies with their own Numbers

E57 - Beating the Bookies with their own Numbers

Episode 57 - Lisandro Kaunitz and Javier Kreiner

Lisandro and Javier discuss a research paper they wrote about the online sports betting market.

They designed a strategy to beat bookmakers with their own numbers. The strategy proved profitable in a 10-year historical simulation using closing odds, a 6-month historical simulation using minute to minute odds, and a 5-month period during which they staked real money with the bookmakers (the code, data and models are publicly available). They also describe their betting experience to illustrate how the sports gambling industry compensates these market inefficiencies with discriminatory practices against successful clients.

Research Paper - https://arxiv.org/abs/1710.02824

Season 3 is proudly sponsored by Betfair Pty Limited.

Betfair operates a betting exchange and is licensed in the Northern Territory, Australia.

Join by clicking here : https://www.betfair.com.au/extensions/redir/BOBPOD/2 and entering code BOBPOD.

The Betfair exchange isn’t a house that sets the odds, it’s betting at it’s purest. One punters opinion against another’s. Play the game within the game and join today Residents of Australia can join Betfair by visiting betfair.com.au and support this podcast by using promo code BOBPOD.

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Episoder(289)

E231 - Jeff Ifrah from Ifrah Law

E231 - Jeff Ifrah from Ifrah Law

On this episode of the Business of Betting Podcast, Jason is joined by Jeff Ifrah, Founding & Managing Partner at Ifrah Law. Hear them discuss: 01:30 - Jeff’s reaction to U.S. midterm results and the...

6 Des 202435min

E230 - Rob Davies from PowerPlay

E230 - Rob Davies from PowerPlay

On this episode of the Business of Betting Podcast, Jason is joined by Rob Davies, COO of PowerPlay. Hear them discuss: 01:00 - Rob’s unique background in philosophy and his PhD on religious tolerat...

29 Nov 202433min

E229 - David Hill

E229 - David Hill

On this episode of the Business of Betting Podcast, Jason is joined by writer, David Hill to discuss his Rolling Stone feature - "Is the $11 Billion Online Sportsbook Bubble About to Burst?" Hear the...

22 Nov 202443min

E228 - Jeff Benson from Circa Sports

E228 - Jeff Benson from Circa Sports

On this episode of the Business of Betting Podcast, Jason is joined by Jeff Benson, Director of Operations at Circa Sports. Hear them discuss: 02:10 - How Jeff got started in the sports betting indus...

15 Nov 202429min

E227 - Liam Forde from The Zone

E227 - Liam Forde from The Zone

On this episode of the Business of Betting Podcast, Jason is joined by his coach, Liam Forde, Founder and CEO of The Zone. Hear them discuss: 03:00 - How Jason first met Liam and began coaching with ...

8 Nov 202439min

E226 - Sue Schneider from Defy the Odds

E226 - Sue Schneider from Defy the Odds

On this episode of the Business of Betting Podcast, Jason is joined by Sue Schneider, Co-Founder at Defy the Odds. Hear them discuss: 03:15 - How Sue got started in the betting industry 07:42 - The...

4 Nov 202429min

E225 - Adam Small from Third Planet Affiliates

E225 - Adam Small from Third Planet Affiliates

On this episode of the Business of Betting Podcast, Jason is joined by Adam Small, founder of Third Planet Affiliates. Hear them discuss: 02:01 - Adam’s background and entry into the betting industr...

1 Nov 202439min

E224 - Office Hours with Jason

E224 - Office Hours with Jason

On this episode of the Business of Betting Podcast, Jason answers listener-submitted questions and shares his insights on the latest developments in the industry, including the proposed UK gambling ta...

18 Okt 202429min

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