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Sports Betting
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The process of finding sports betting picks is really very simple. Search any search engine for the term sports betting picks and there will be a large number of results offering picks on any major sports. The problem arises when you start to whittle this list down to leave yourself with the profitable services only.
Grouping of sports betting data based on key characteristics is a type of clustering problem. Neural networks can be used to solve clustering problems, typically through Self-Organizing Map (SOM) type network.
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- To win both sides of the same contest in sports betting event. Wagering on the underdog at one point spread and the favorite at a different point spread and winning both sides.
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Forecasting the relationship between multiple factors in sports betting data is a type of time-series prediction problem. Neural networks can be used to solve time-series problems, typically through Time-Lagged Recurrent (TLRN) type network.
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