Beating the bookies with their own numbers - and how the online sports betting market is rigged

8 Oct 2017 Lisandro Kaunitz Shenjun Zhong Javier Kreiner

The online sports gambling industry employs teams of data analysts to build forecast models that turn the odds at sports games in their favour. While several betting strategies have been proposed to beat bookmakers, from expert prediction models and arbitrage strategies to odds bias exploitation, their returns have been inconsistent and it remains to be shown that a betting strategy can outperform the online sports betting market... (read more)

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