A Computational Analysis of Arbitrage Opportunities in Sports Gambling
نویسنده
چکیده
Arbitrage opportunities appear in sports gambling when bookkeepers disagree about the probabilities of different outcomes. Some bookkeepers actively try to prevent arbitrage gamblers from using their services. This paper addresses the various issues with arbitrage gambling by considering the problems with betting on individual games as well as betting on many games over a long period of time. I also evaluate the methods discussed in this paper against the industry standard and discuss the feasibility of arbitrage as a long-term investment strategy.
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تاریخ انتشار 2013