Sports betting strategies: an experimental review

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68407700%3A21230%2F19%3A00332399" target="_blank" >RIV/68407700:21230/19:00332399 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.dropbox.com/s/go42h87tah9adye/MathSport2019%20Proceedings.pdf?dl=0" target="_blank" >https://www.dropbox.com/s/go42h87tah9adye/MathSport2019%20Proceedings.pdf?dl=0</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Sports betting strategies: an experimental review

Popis výsledku v původním jazyce

We investigate the problem of optimal wealth allocation over predictive sports mar-ket’s opportunities. We analyze the problem across diverse settings, utility targets, andthe notion of optimality itself. We review existing literature to identify the most prominentapproaches coming from the diverse sport and economic views on the problem, and providesome practical perspectives. Namely, we focus on the provably optimal geometric meanpolicy, typically referred to as the Kelly criterion, and Modern Portfolio Theory based ap-proaches leveraging utility theory. From the joint perspective of decision theory, we discusstheir unique properties, assumptions and, importantly, investigate effective heuristics andpractical techniques to tackle their key common challenges, particularly the problem ofuncertainty in the outcome probability estimates. Finally, we verify our findings on a largedataset of soccer records.

Název v anglickém jazyce

Sports betting strategies: an experimental review

Popis výsledku anglicky

We investigate the problem of optimal wealth allocation over predictive sports mar-ket’s opportunities. We analyze the problem across diverse settings, utility targets, andthe notion of optimality itself. We review existing literature to identify the most prominentapproaches coming from the diverse sport and economic views on the problem, and providesome practical perspectives. Namely, we focus on the provably optimal geometric meanpolicy, typically referred to as the Kelly criterion, and Modern Portfolio Theory based ap-proaches leveraging utility theory. From the joint perspective of decision theory, we discusstheir unique properties, assumptions and, importantly, investigate effective heuristics andpractical techniques to tackle their key common challenges, particularly the problem ofuncertainty in the outcome probability estimates. Finally, we verify our findings on a largedataset of soccer records.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

10201 - Computer sciences, information science, bioinformathics (hardware development to be 2.2, social aspect to be 5.8)

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2019

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Proceedings of Mathsport International Conference 2019

ISBN

978-618-5036-53-9

ISSN

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e-ISSN

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Počet stran výsledku

10

Strana od-do

337-346

Název nakladatele

Athens University of Economics and Business

Místo vydání

Athens

Místo konání akce

Athens

Datum konání akce

1. 7. 2019

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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