Making money with sports betting is not easy at all - often money is lost due to emotion-driven action.
On SportsBettingQuant we promote a different approach which makes use of algorithms for sports betting. This allows to fully test betting and trading strategies on historical data and automate everything with betting and trading bots.
We want to become the largest database of publicly discussed betting and trading strategies that are solely based on algorithms.
I came across this strategy when reverse engineering Betfair starting price bets. It came to my attention that certain horses had very similar patterns in terms of starting price bets. After further investigation I discovered that these were horses that have not participated in any race previously. With this I defined a very simple betting strategy for a backtest: Back bet on horses making their debut using the Betfair Starting Price (BSP).
Lay the draw is probably the most popular trading strategy for inplay football betting markets. Some readers reported having some success when applying this strategy in the past. Based on this, we conducted a more systematic backtest to see if this popular approach is still profitable.
After observing a couple of UK / IRE horse racing markets on Betfair, we noticed that shortly after the creation of the market lay bets were placed in the range between 1.01 and 1.07.
On SportsBettingQuant you find valuable information about using algorithms as fundamental part of betting & trading strategies. Our approach is to backtest strategies on historical data and deploy fully automated betting and trading bots.
Join our community, share your knowledge and build up your reputation which will allow you to offer your services to other community members and earn some extra money.
When you want to develop your own betting strategy based on historical data you need special software and tools that help you to source, process and analyse data. This blog post focuses on betting specific tools as well as general purpose analytics software that can be used in the domain of sports betting.
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