How To Use Big Data To Predict The Future In Betting and Trading Markets
OddsMonkey Live Webinar 14/07/22
In this video, we will discuss how to use ‘big data’ to predict the future of betting and trading markets.
I use data to formulate, test and use my favoured Betfair trading strategies.
The main reason for doing this video is to point out that much ‘data mining’ is useless. People often look for trends in data by backtesting.
The problem with this is that it just describes a data set; it does not predict anything. Looking at past data, you will always find a profitable and long-term winning strategy. But when you deploy it into a market, it will probably revert to me.
Check out this video if you want to see some of this sort of thing in action: –
How to predict BTTS markets in football – https://youtu.be/bj_8RbYrKtM
Also, check out our Tennis Trader tool that does a lot of the hard work for you: –
How to predict the winner of a Tennis match: –
This isn’t a detailed, deep analysis, more a light introduction to what you should be doing and why.
In this video, we cover topics such as:
– What is data mining?
– How can it be used for predicting the future?
– What type of data is most useful for this purpose?
– Why do trading data services fall far short?
00:00 – Introduction
00:48 – What data I collect and why
02:00 – Bad use of historical data
03:53 – How some data can be completely false – Betfair SP
05:53 – How a V1 bomb shows us correct use of statistics
07:53 – A really basic use of using data to predict
12:10 – Summary
#betfairtrading #betting #data