Business of Betting Podcast

Episode 57 - Lisandro Kaunitz and Javier Kreiner Lisandro and Javier discuss a research paper they wrote about the online sports betting market. They designed a strategy to beat bookmakers with their own numbers. The strategy proved profitable in a 10-year historical simulation using closing odds, a 6-month historical simulation using minute to minute odds, and a 5-month period during which they staked real money with the bookmakers (the code, data and models are publicly available). They also describe their betting experience to illustrate how the sports gambling industry compensates these market inefficiencies with discriminatory practices against successful clients. Research Paper - https://arxiv.org/abs/1710.02824 Season 3 is proudly sponsored by Betfair Pty Limited. Betfair operates a betting exchange and is licensed in the Northern Territory, Australia. Join by clicking here : https://www.betfair.com.au/extensions/redir/BOBPOD/2 and entering code BOBPOD. The Betfair exchange isn’t a house that sets the odds, it’s betting at it’s purest. One punters opinion against another’s. Play the game within the game and join today Residents of Australia can join Betfair by visiting betfair.com.au and support this podcast by using promo code BOBPOD. Hosted on Acast. See acast.com/privacy for more information.

Episode 56 - Matthew Trenhaile Matthew is a former odds compiler at IG Index (spread betting). We discuss games including Magic the Gathering as well as pricing, markets, homogenized odds, recreating the Pinnacle model and more. Season 3 is proudly sponsored by Betfair Pty Limited. Betfair operates a betting exchange and is licensed in the Northern Territory, Australia. Join by clicking here : https://www.betfair.com.au/extensions/redir/BOBPOD/2 and entering code BOBPOD. The Betfair exchange isn’t a house that sets the odds, it’s betting at it’s purest. One punters opinion against another’s. Play the game within the game and join today Residents of Australia can join Betfair by visiting betfair.com.au and support this podcast by using promo code BOBPOD. Hosted on Acast. See acast.com/privacy for more information.

Episode 55 - Professor Leighton Vaughan Williams Prof. Leighton Vaughan Williams is Professor of Economics and Finance, Director of the Betting Research Unit and Director of the Political Forecasting Unit at Nottingham Business School, Nottingham Trent University. We discuss betting regulation, taxation, research and industry challenges around betting regulatory frameworks. Season 3 is proudly sponsored by Betfair Pty Limited. Betfair operates a betting exchange and is licensed in the Northern Territory, Australia. Join by clicking here : https://www.betfair.com.au/extensions/redir/BOBPOD/2 and entering code BOBPOD. The Betfair exchange isn’t a house that sets the odds, it’s betting at it’s purest. One punters opinion against another’s. Play the game within the game and join today Residents of Australia can join Betfair by visiting betfair.com.au and support this podcast by using promo code BOBPOD. Hosted on Acast. See acast.com/privacy for more information.

Episode 54 - Alok Pattani Alok spent 8 years at ESPN working in sports data and analytics. Currently, Alok is a quantitative analyst at Google. We discuss how sports analytics has evolved in his world and predictive modeling. Season 3 is proudly sponsored by Betfair Pty Limited. Betfair operates a betting exchange and is licensed in the Northern Territory, Australia. Join by clicking here : https://www.betfair.com.au/extensions/redir/BOBPOD/2 and entering code BOBPOD. The Betfair exchange isn’t a house that sets the odds, it’s betting at it’s purest. One punters opinion against another’s. Play the game within the game and join today Residents of Australia can join Betfair by visiting betfair.com.au and support this podcast by using promo code BOBPOD. Hosted on Acast. See acast.com/privacy for more information.

Episode 53 - Caan Berry Caan is a professional trader and recent author (Betfair Trading Made Simple: The Ultimate Guide to Getting Started). Caan shares his experience and knowledge from years spent trading on the exchanges. Season 3 is proudly sponsored by Betfair Pty Limited. Betfair operates a betting exchange and is licensed in the Northern Territory, Australia. Join by clicking here : https://www.betfair.com.au/extensions/redir/BOBPOD/2 and entering code BOBPOD. The Betfair exchange isn’t a house that sets the odds, it’s betting at it’s purest. One punters opinion against another’s. Play the game within the game and join today Residents of Australia can join Betfair by visiting betfair.com.au and support this podcast by using promo code BOBPOD. Hosted on Acast. See acast.com/privacy for more information.

Episode 52 - Ben Krahe Ben Krahe is a former bookmaker and current harness racing punter. Ben has years of experience and shares his insights and thoughts on all things harness, trots, greyhounds and wagering. Season 3 is proudly sponsored by Betfair Pty Limited. Betfair operates a betting exchange and is licensed in the Northern Territory, Australia. Join by clicking here : https://www.betfair.com.au/extensions/redir/BOBPOD/2 and entering code BOBPOD. The Betfair exchange isn’t a house that sets the odds, it’s betting at it’s purest. One punters opinion against another’s. Play the game within the game and join today Residents of Australia can join Betfair by visiting betfair.com.au and support this podcast by using promo code BOBPOD. Hosted on Acast. See acast.com/privacy for more information.

Episode 51 - Tom Waterhouse Tom Waterhouse is a well known Australian bookmaker who sold his business to William Hill and went on to become CEO of William Hill Australia. Season 3 is proudly sponsored by Betfair Pty Limited. Betfair operates a betting exchange and is licensed in the Northern Territory, Australia. Join by clicking here : https://www.betfair.com.au/extensions/redir/BOBPOD/2 and entering code BOBPOD. The Betfair exchange isn’t a house that sets the odds, it’s betting at it’s purest. One punters opinion against another’s. Play the game within the game and join today Residents of Australia can join Betfair by visiting betfair.com.au and support this podcast by using promo code BOBPOD. Hosted on Acast. See acast.com/privacy for more information.

Episode 50 - Rob Pizzola Rob has a background in computer science and statistics. He is a professional bettor living in North America and focuses on Hockey and Baseball. Rob shares his approach to betting, statistics, money management and also why you should bet numbers and not teams. Season 2 is proudly sponsored by Betfair Pty Limited. Betfair operates a betting exchange and is licensed in the Northern Territory, Australia. Join by clicking here : https://www.betfair.com.au/extensions/redir/BOBPOD/2 and entering code BOBPOD. The Betfair exchange isn’t a house that sets the odds, it’s betting at it’s purest. One punters opinion against another’s. Play the game within the game and join today Residents of Australia can join Betfair by visiting betfair.com.au and support this podcast by using promo code BOBPOD. Hosted on Acast. See acast.com/privacy for more information.

Episode 49 - Mark Rhoden Mark is a former corporate bookmaker with the likes of IAS Bet, Paddy Power and Sportsbet. More recently Mark has transitioned to a full time professional bettor. We get Mark’s insights from almost two decades corporate bookmaking on things like betting analysis, risk management and trading. Mark also shares his thoughts from the last 15 months betting professionally. Season 2 is proudly sponsored by Betfair Pty Limited. Betfair operates a betting exchange and is licensed in the Northern Territory, Australia. Join by clicking here : https://www.betfair.com.au/extensions/redir/BOBPOD/2 and entering code BOBPOD. The Betfair exchange isn’t a house that sets the odds, it’s betting at it’s purest. One punters opinion against another’s. Play the game within the game and join today Residents of Australia can join Betfair by visiting betfair.com.au and support this podcast by using promo code BOBPOD. Hosted on Acast. See acast.com/privacy for more information.

Joseph Buchdahl, a prominent author in sports betting psychology, discusses the role of chance versus skill in sports betting, the wisdom of the crowds, and the illusion of causation in betting. He also explores survivorship bias and verification in the betting industry, and offers advice for punters on research and due diligence.