My findings on using Machine Learning for sports betting

My findings on using Machine Learning for sports betting

One afternoon, in the middle of my holidays the thought of using machine learning to predict football results in the premier leagues came to my mind.

One afternoon, in the middle of my holidays the thought of using machine learning to predict football results in the premier leagues came to my mind. I have never bet on sports myself because I do not like to dispose of the money, I make that way. However, I entertained the idea. I thought that if I can design an algorithm that gives me over 60% accuracy, I could spread the risk and bet on multiple matches, thus making constant revenue.

I thought the following, if I start with £100 (I live in the UK), and bet £10 pounds in 10 different matches, the odds are that I could win around 5 out of 10 matches. If I make sure to have a reliable algorithm, I thought I could make an absolute fortune. Here is the important part, I have never placed a bet in my life, and I do not know the details and intricacies of the betting industry. I knew I had to do my research to understand better what was I missing.

machine-learning artificial-neural-network data-science sports-betting football-betting

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