• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Home General PRAWA Exploring the Use of Big Data in Sports Betting
  • General
  • PRAWA

Exploring the Use of Big Data in Sports Betting

By
Umar Nuhu
-
June 21, 2023
Metadata

Exploring the Use of Big Data in Sports Betting

Once upon a time, oddsmakers would pore through volumes of data that was written on stacks of paper. They would then use the piles of information to manually calculate betting odds. On the other side, sports bettors would gather any information they had and try to make sense of it. In both cases, it was quite a long and labor-intensive undertaking. However, the introduction of computers and the internet made it a lot easier for oddsmakers and bettors alike.

In addition to the massive computing power available, there is now an incredible amount of data floating around the ether. Even though bookmakers offer loads of helpful sports betting information, it’s only the tip of the iceberg. Big data companies gather and analyse all sorts of statistics. They then use the data to come up with some of the most stunning and accurate predictions you can imagine.

For instance, if you consider an NBA game, events like three pointers, rebounds, turnovers and assists have always been recorded. However, now bookmakers like those listed here offer us access to many more stats like zone time, body checks, and anything else that can be tracked. That even includes referees and strategies. Experienced sports bettors know that they must make use of any information they can get their hands on as it gives them a better chance of winning their bets. Of course, having the data and knowing how to analyze the data are two different things.

Big Data Isn’t Just About Numbers

Read Also:

  • Nigerian Police Secure Conviction of 59 Foreign Cyber Criminals in Major Crackdown
  • PSC Promotes Over 400 Officers, Appoints New DIG for N’East
  • Aisha Babangida Seeks Actionable Gender Reforms, as Women Entrepreneurs Share ₦10m WenA Awards

Do you want to hear something incredible? A few brainy folks fed over 1,500 video clips of professional footballers into a machine-learning platform. This resulted in more accurate predictions in real time. As you would expect, this revolutionary process can be applied to any sport. So, big data doesn’t strictly stick to numbers. They apparently use the might of modern computers for visual analysis too.
On top of bookmakers and bettors, machine learning has also helped many professional sports teams. A similar program to the one mentioned above was used by the Super Bowl-winning Philadelphia Eagles in 2018. Again, the program analyzed video replays to point out the strengths and weaknesses of individuals and the team as a whole.

Benefits of Big Data

Bookmakers were some of the first people to apply modern data science. This ensured that the lines and odds they came up with were accurate and couldn’t easily be exploited. Partnerships with big data companies give bookmakers a huge advantage. Did you know that online bookmakers even track data related to your betting performance and tendencies?
Still, big data is also immensely helpful to punters who can also analyse an abundance of relevant data to find the most profitable betting situations. It’s just that most sports bettors don’t have access to as much information as the bookies.

Does Machine Learning Really Work?

Machine learning is essentially a type of artificial intelligence. Computer programs are fed a plethora of information and then algorithms sort it all out and make their predictions. While machine learning has been around for quite a while, it has yet to come close to its potential. It does work, though. It might not work every time and it certainly won’t work well if the data is lacking or the program misinterprets it. Every added bit of information put into proper perspective makes the prediction more accurate.

Big Data: Conclusion

It doesn’t matter if you use a pen and paper, a spreadsheet, or some advanced algorithm to make your sports picks. What does matter is that you collect and analyze as much information as you can. A lot of people might be turned off by the research component of sports betting. This is understandable seeing just how much information is out there. Nevertheless, a lot of serious punters actually enjoy studying stats and tweaking their systems. Experimenting can be a lot of fun.
As more information becomes available and technology advances, big data will continue to play a major role in the sports and sports betting industries as well as many other areas. Let’s just hope that nobody develops a predictor that is 100% accurate. If that happens, it could be the end of sports betting as we know it.

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
Previous articleMaj. Gen. EPA Undiandeye: Nigeria’s New Chief Of Defence Intelligence
Next articleHelpline Helping the Helpless
Umar Nuhu
Umar Nuhu
Xing

RELATED ARTICLESMORE FROM AUTHOR

PRNigeria logo fearured image

How to Strengthen Correctional Reforms – Minister, Experts

Governor Abba Kabir Yusuf, Kano State

Gov. Yusuf approves employment of 70 lawyers to boost legal sector

MNJTF, LAKE CHAD

MNJTF troops neutralise terrorists recover critical Assets in Borno-Nigeria

MNJT Troops

MNJTF troops repel terrorists’ attack, neutralize scores, recover weapons in Borno

NAF Airstrike fighter jets

NAF airstrikes neutralize terrorists in Lake Chad region 

NSCDC Female Squad

NSCDC records 113 gender-based violence cases, convicts 2 in Adamawa

Nigerian Navy

Nigerian Navy to Conduct Joint Amphibious Exercise with Army, Air Force

Gen CG Musa: Peacemaking and Civil-Military Relations  

Explosives Recovered in Maiduguri, Preventing Potential Disaster

Muhammed Badaru Abubakar, Minister for Defence

At Kano Trade Fair, Badaru Seeks Support for Military to boost Security, Economic Growth

College Images of Defence Minister, Muhammed Badaru and other stakeholder in Southeast region

Defence Minister Meets South-East Stakeholders to Boost Security

Bashir Adewale Adeniyi Customs Boss

Nigeria Customs Service Denies Rumors of Salary Increase

Recent Posts

  • Nigerian Police Secure Conviction of 59 Foreign Cyber Criminals in Major Crackdown
  • PSC Promotes Over 400 Officers, Appoints New DIG for N’East
  • Aisha Babangida Seeks Actionable Gender Reforms, as Women Entrepreneurs Share ₦10m WenA Awards
  • CDS Hails DEPOWA’s Grassroots Sports Drive, Calls It Seedbed for Future Champions
  • How Troops Crippled Terrorists, Bandits, and Oil Thieves in Nationwide Operation
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Nigerian Police Secure Conviction of 59 Foreign Cyber Criminals in Major CrackdownPSC Promotes Over 400 Officers, Appoints New DIG for N'EastAisha Babangida Seeks Actionable Gender Reforms, as Women Entrepreneurs Share ₦10m WenA AwardsCDS Hails DEPOWA’s Grassroots Sports Drive, Calls It Seedbed for Future ChampionsHow Troops Crippled Terrorists, Bandits, and Oil Thieves in Nationwide OperationProtest Will Jeopardize Peace Efforts for Kanu’s Freedom, Igbo Leaders WarnMilitary Arrests IPOB Female Logistics Supplier in Abia, Rescues 30 Hostages NationwideMilitary Neutralizes Armed Criminal in Benue, Arrest Suspected Gunrunner in NasarawaEXPLAINER: The Truth Behind NDLEA’s Position on Cannabis Oil By Arafat A. AbdulrazaqNigeria Wins Two Major Global Awards for Digital Governance at OGP Summit in SpainPolice Arrest 11 Suspected Armed Robbers Along Katsina–Kano HighwayNnamdi Kanu Fit to Face Trial — NMA Tells CourtSenate approves appointment of Amupitan as INEC chairNSCDC Foils Kidnap Attempt on Customs Officer, Eliminates 2 Suspects, Arrests OthersANALYSIS: What Is the Job of a Presidential Spokesman?
X whatsapp