Franz Laage

2024 / Nov 21 / 16:44 CET

A 2017 paper talking about beating sports betting bookmakers by using the odds published by them. They used the probability intrinsic in the odds to predict game results. Then used that prediction to identify betting market inefficiencies aka bookmakers publishing skewed odds. When their real life bets panned out too often, they got their betting accounts restricted heavily. It’s a fascinating read that isn’t to heavy on the math.

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