Will Supreme Court open a ‘dam burst’ of legalized sports betting?
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Will Supreme Court open a ‘dam burst’ of legalized sports betting?
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Re: Will Supreme Court open a ‘dam burst’ of legalized sports betting?
#2As an Australian, living in a society where betting is legal albeit fairly regulated: I sincerely hope not.
The reason for that hope is that gambling and gambling advertising, with the rise of online betting sites and smartphone apps, has started to become a fairly genuine social issue. With advertisements like this one (https://twitter.com/sportsbetcomau/status/863634984682233856) [note: Ben Johnson recently was found to be on PEDs], or advertisements blanketing one of the busiest train stations in the country, like the following (https://twitter.com/Doc_Samantha/status/786665869787078656). These companies are, anecdotally of course, targeting their advertisements to the youngest possible market, in the worst possible way. The pushiness of their advertisements are a 'joke' amongst my friends.
Widespread gambling is generally seen as harmful to a society. It would be nice if the USA didn't voluntarily allow its citizens to be taken advantage of for corporate profits, for once.
Re: Will Supreme Court open a ‘dam burst’ of legalized sports betting?
#3(Preface: I'm not particularly interested in the ethical debates around gambling with this comment, though I personally think it's something people should be allowed to do.).
I've been slowly getting into Machine Learning for a while now, and have been looking for projects to accelerate my focus. I also happen to like to gamble (responsibly), so I've recently started researching how to apply Machine/Deep Learning to Baseball betting, and possibly other sports.
It would be mostly a side project I would imagine, I have no dreams of becoming wealthy from this, and since it mixes scraping (which I really like to play with) with machine learning, it will probably be entertaining at least. I'm very curious if I could actually get decent success with it though.
Anyone done this before? Or know of stories/books about this?
Re: Will Supreme Court open a ‘dam burst’ of legalized sports betting?
#4(Preface: I'm not particularly interested in the ethical debates around gambling with this comment, though I personally think it's something people should be allowed to do.). I've been slowly getting into Machine Learning for a while now, and have been looking for projects to accelerate my focus. I also happen to like to gamble (responsibly), so I've recently started researching how to apply Machine/Deep Learning to…
This discussion could be of interest: https://news.ycombinator.com/item?id=15523186
tldr: keep it fun; if you bet professionally, you'll run into hurdles from bookies.
Re: Will Supreme Court open a ‘dam burst’ of legalized sports betting?
#5As an Australian, living in a society where betting is legal albeit fairly regulated: I sincerely hope not. The reason for that hope is that gambling and gambling advertising, with the rise of online betting sites and smartphone apps, has started to become a fairly genuine social issue. With advertisements like this one ( https://twitter.com/sportsbetcomau/status/863634984682233856 ) [note: Ben Johnson recently was f…
Speaking as an American, the choice in our society isn't between "voluntarily allow its citizens to be taken advantage of" and not that. It's between allowing gambling to be run by organized crime and creating a system that enables at least a modicum of accountability.
Re: Will Supreme Court open a ‘dam burst’ of legalized sports betting?
#6(Preface: I'm not particularly interested in the ethical debates around gambling with this comment, though I personally think it's something people should be allowed to do.). I've been slowly getting into Machine Learning for a while now, and have been looking for projects to accelerate my focus. I also happen to like to gamble (responsibly), so I've recently started researching how to apply Machine/Deep Learning to…
You might enjoy this old article about Bob Voulgaris on ESPN. He was/is a very successful NBA gambler that over time started to use some machine learning techniques.
http://www.espn.com/blog/playbook/dollars/post/_/id/2935/mee...
Re: Will Supreme Court open a ‘dam burst’ of legalized sports betting?
#7As an Australian, living in a society where betting is legal albeit fairly regulated: I sincerely hope not. The reason for that hope is that gambling and gambling advertising, with the rise of online betting sites and smartphone apps, has started to become a fairly genuine social issue. With advertisements like this one ( https://twitter.com/sportsbetcomau/status/863634984682233856 ) [note: Ben Johnson recently was f…
Why not just ban gratuitous advertising? I believe we do it with cigarette companies.
Re: Will Supreme Court open a ‘dam burst’ of legalized sports betting?
#8(Preface: I'm not particularly interested in the ethical debates around gambling with this comment, though I personally think it's something people should be allowed to do.). I've been slowly getting into Machine Learning for a while now, and have been looking for projects to accelerate my focus. I also happen to like to gamble (responsibly), so I've recently started researching how to apply Machine/Deep Learning to…
You might, but others have a several decades head start on you. Baseball odds started behaving quite differently when the first high-dollar computer-reliant betting syndicates started operating way back when. The rule of thumb back then was that if you could identify a systematic way to extract a decent income from gambling, the size of that income would decline rapidly to equal the minimum wage within 2 or three years.
Re: Will Supreme Court open a ‘dam burst’ of legalized sports betting?
#9As an Australian, living in a society where betting is legal albeit fairly regulated: I sincerely hope not. The reason for that hope is that gambling and gambling advertising, with the rise of online betting sites and smartphone apps, has started to become a fairly genuine social issue. With advertisements like this one ( https://twitter.com/sportsbetcomau/status/863634984682233856 ) [note: Ben Johnson recently was f…
Speaking as an American, the choice in our society isn't between "voluntarily allow its citizens to be taken advantage of" and not that. It's between allowing gambling to be run by organized crime and creating a system that enables at least a modicum of accountability.
It's between allowing gambling to be run by organized crime and creating a system that enables at least a modicum of accountability.
Organized crime would probably a step up from state lotteries.
Re: Will Supreme Court open a ‘dam burst’ of legalized sports betting?
#10(Preface: I'm not particularly interested in the ethical debates around gambling with this comment, though I personally think it's something people should be allowed to do.). I've been slowly getting into Machine Learning for a while now, and have been looking for projects to accelerate my focus. I also happen to like to gamble (responsibly), so I've recently started researching how to apply Machine/Deep Learning to…
I think you would be better off using more well known statistics for betting (ie. multivariate regressions, t-tests, etc..). These stats methods are less of a black box than ML (neural networks, etc..) so you'll be able to understand why they have chosen specific bets and you'll be able to tweak them easier.
ML is often just stats under the hood in most cases -- I think I am targeting neural networks specifically with this comment.