In this video, we will discuss how to use ‘big data’ to predict the future of betting and trading markets.
I use data to formulate, test and use my favoured Betfair trading strategies.
The main reason for doing this video is to point out that much ‘data mining’ is useless. People often look for trends in data by backtesting.
The problem with this is that it just describes a data set; it does not predict anything. Looking at past data, you will always find a profitable and long-term winning strategy. But when you deploy it into a market, it will probably revert to me.
Check out this video if you want to see some of this sort of thing in action: –
How to predict BTTS markets in football –
Also, check out our Tennis Trader tool that does a lot of the hard work for you: –
How to predict the winner of a Tennis match: –
This isn’t a detailed, deep analysis, more a light introduction to what you should be doing and why.
In this video, we cover topics such as:
– What is data mining?
– How can it be used for predicting the future?
– What type of data is most useful for this purpose?
– Why do trading data services fall far short?
Chapters: –
00:00 – Introduction
00:48 – What data I collect and why
02:00 – Bad use of historical data
03:53 – How some data can be completely false – Betfair SP
05:53 – How a V1 bomb shows us correct use of statistics
07:53 – A really basic use of using data to predict
12:10 – Summary
#betfairtrading #betting #data
Vídeo Completo
Should "Events" not be "Event"?
I'm so glad I haven't been using betfair sp all this time!
I dont get it. You sure thats correct ?
Why does it say there is 45% chance of number 1 showing up next ?
Do you not say in the video that the past results dont matter ?
Great advice. Thanks for this vid Peter.
My current project during the close season for the big leagues in Europe relates to spread and probability of win BTTS.
All this data is freely available as you point out.
Also of value for the bet BTTS no draw markets.
Always enjoy your videos.
How would you relate this to trading Horse Racing markets?
Trouble I have with the data sifting on Betfair, is I tend not to know the Market ID. Sometimes takes more time locating the data I need than actually using it
As a nerdy lover of statistics and probability, this has really piqued my interest on how to properly analyse sport data. For me, this is where I could spend hours either usefully spending my time pouring over the data or just unknowingly wasting it. If i can learn to be efficient and know what I am looking for, then I can find those probability edges in the markets. Thanks Peter
On the football commentary the other day they said "Ireland had never met England in a major women's football tournament ".
Overlooking the fact * Ireland * have NEVER qualified for ANY major tournament in the past.
🤷🏽♂️… did not get the point.
What a load of rubbish. if you could predict the future by number manipulation then I think Pythagoras or Archimedes would have found a way. Total waffle for the impressionable & naive.
Pretend we know nothing about technical analysis and want to be able to predict overnight premarket gap-ups. Please be so kind and explain to us in the most simple and concise way possible as if you would explain it to a 10 year old, how can we predict overnight premarket gap-ups?
Your help would mean the world to me because these pandemic years have been extremely traumatic and tragic for me as I lost numerous loved ones so you can imagine how I feel.
🙏
I always wanted to make a bomb while trading😀
Peter what do you mean by saying "these numbers dont sort of fit"?
Hello I am currently setting up my pc which will be in transit and hopefully here for Friday, set up as soon as it arrives , then I will be going on betfair exchamge , I have been winning with little stakes but am going step it up a little , but will first strut watching more of your videos and sort the academy out also ,it will take me Friday night to add all my betting apps, how many screens qould you recommend I have thought about 2 to start with ?
7:47-Oxymoron? ;-)…