How Do Sports Betting Pros Evaluate Their Performance?
In the first episode of Betting Table Talks, we speak to the following trio of professional sports bettors to learn more about the most important things they measure when analyzing performance:
Lorenzo Malanga: Co-founder of Mercurius BI, along with Mario Ciardulli and Fabrizio Machella. They created AI technology designed to uncover value betting opportunities on the Betfair Exchange.
Anthony Kaminskas: A pro-bettor based in Dublin, Ireland. Anthony was once a trader with Betfair.
Peter Sainsbury: An investor and author of “The Winning Formula: Betting on F1” and “Commodities: 50 Things You Really Need to Know”.
The panel will discuss the problems faced by bettors when looking to evaluate their betting. One of the most pertinent is: ‘How Do You Measure Your Performance?’
There are many metrics involved, including Return on Investment, Return on Capital, Strike Rate, Winning, and Losing Streaks. Professionals understand that there’s much more to betting performance than bare profit figures, and this episode will help attendees learn more.
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Table of content:
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0:01:13 – Intro Anthony Kaminskas
0:02:02 – Intro Peter Sainsbury
0:02:56 – Intro Lorenzo Malanga
0:04:05 – What made you gain the necessary confidence to pursue sports betting as a career?
0:11:36 – How do you evaluate your betting performance? Which are the important metrics?
0:24:11 – What metrics do you look at to improve the timing of the bet?
0:28:27 – How do you balance taking an early price against varying impacting factors?
0:36:12 – What is the most valuable advice you have ever given or been given?
0:42:41 – How your process of performance evaluation has changed over the years?
0:53:03 – How much statistical analysis do you do on historical data when it comes to your systems?
0:59:28 – How affordability checks will impact the industry?
1:03:46 – How do you think about the expected positive value of your bets and what is a “good enough” risk for you to place a bet?
1:08:21 – Do you bet only in Asia/Exchange or also in soft euro bookies?
1:11:28 – If your model suggests two different bets on the same event how do you consider that?
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Sports trading strategies with the power of AI
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Mercurius Tradr app will allow you to access our automated sports trading strategies revolving around the process of value betting, the sports betting equivalent of value investing. We receive data from a partner firm (Wyscout) and use Artificial Intelligence (AI) to estimate the true odds of the possible outcomes of upcoming sporting events. Our algorithms then scan the market to identify overpriced and underpriced bets on the Betfair Exchange.
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