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Sports Betting System - Algorithm Software & Machine Learning Discussion

Smart Sports betting can be a very lucrative additional income stream. Over the years many bettors have tried to find ways to create the perfect prediction algorithm in a way that would help lead to sustainable and consistent profits in the sports markets.

However, It’s not particularly fun building a sports betting algorithm, and it can take hours upon hours of data entry, spreadsheet management, database creation and dozens of tests.

You can do all this with no guarantee of winning, even slight errors in models can result in making minus EV bets over an extended period of time simply due to misinformation in the model itself. But If you have a real passion for sports betting, it really can be an incredibly rewarding, profitable, and fun experience.

The goal is to find an edge and make +EV plays over an extended period of time. But as the sports markets become sharper and more information becomes readily available, this is becoming harder.

Creating an algorithm requires a lot of maths knowledge, some knowledge of a specific tool or software like excel, preparation, and data. There are formulas that organize and aid in evaluating data in order to fix complex problems or answer complicated questions. When designed and successful, they take a lot of pressure off our hands. As they are designed solely to help solve the outcomes of the sporting events based on the data provided about team statistics, player data, and more.

But remember simply adding basic data like team stats or individual player power ratings, isn’t going to be enough to make a profit. The markets and odds are too sharp for a basic level of analysis to work. Let's talk about this.

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