E63 - Sports Modeling & ScoreEx Betting Exchange
Business of Betting Podcast
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The Importance of Updating Sports Models
The chapter discusses the importance of updating and modifying sports models over time, using the example of an NFL model from five seasons ago. They explain the concept of alpha decay, where strategies lose their effectiveness as more people exploit them. The profitability of a model depends on its factors and whether it can adapt to changes in the market.
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Transcript
