Day in the Life: Professional Gambler and Sports Betting Trader

Discussion in 'Trading' started by Sekiyo, Jun 2, 2023.

  1. Sekiyo

    Sekiyo

     
  2. TrAndy2022

    TrAndy2022

    Artificial Swarm Intelligence vs Vegas Betting Markets

    Louis Rosenberg Unanimous AI San Francisco, CA, USA Louis@Unanimous.ai Gregg Willcox Unanimous AI San Francisco, CA, USA Gregg@Unanimous.ai

    Abstract— In the natural world, Swarm Intelligence (SI) is a commonly occurring process in which biological groups amplify their collective intelligence by forming closed-loop systems. It is well known in schools of fish, flocks of bird, and swarms of bees. In recent years, new AI technologies have enabled networked human groups to form systems modeled after natural swarms. Known as Artificial Swarm Intelligence (ASI), the technique has been shown to amplify the effective intelligence of human groups. This study compares the predictive ability of ASI systems against large betting markets when forecasting sporting events. Groups of average sports fans were tasked with predicting the outcome of 200 hockey games (10 games per week for 20 weeks) in the NHL. The expected win rate for Vegas favorites was 62% across the 200 games based on the published odds. The ASI system achieved a win rate of 85%. The probability that the system outperformed Vegas by chance was extremely low (p = 0.0057), indicating a significant result. In addition, researchers compared the winnings from two betting models – one that wagered weekly on the Vegas favorite, and one that wagered weekly on the ASI favorite. At the end of 20 weeks, the Vegas model generated a 41% financial loss, while the ASI model generated a 170% financial gain.
     
    beginner66 and swinging tick like this.
  3. He is not using Ladbrokes to bet. That is just there, I assume, because they paid for the video as a promotional.
    Instead he uses https://geekstoy.com on Betfair.
     
  4. Sekiyo

    Sekiyo

    He has a ladder / DOM and sounds like he pays 500 per month to get this.

    Looks like geekstoy. Good point.

    Guess he also has access to different brokers / markets / quotes.

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