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Artificial Intelligence in Sports Betting: The Good, Bad, and Ugly
|Jun 7th, 2022
Power ratings, computer models, simulators have become all the rage in recent years. Pretty much every high-traffic sports site tenders their own edition. But are any even worth a crap in beating books like Bovada? The answer is yes…and no and in some cases are no…and yes.
There is a lad I’ve been exchanging intel with for years. He’s a big-time whale and stakes more per wager than most will bet in a month. He prefers not to be named, so I will call him Sugar Pockets. Pockets has been gripped with computer-aided handicapping. He conducts surveillance on Prediction Machine, Team Rankings, Predictem, Oddsshark, Foxsheets, MasseyRatings, Accuscore, Sportsline and keeping comprehensive records, splitting by sport, college and pro, side, moneyline, even if they are better isolating favorites or underdogs, overs or unders.
With samples sizes that stretched multiple years and each with hundreds of games in football and thousands in other sports, I was a bit underwhelmed at first. Though Sugar Pockets demonstrated that past performance was indicative of future results, my reasonable doubt was based on how can this simulator be so good in NBA and NFL, yet a fade in college basketball? Other programs were just the opposite.
In being even-handed, I acknowledged how some good ole-fashioned human cappers were terrific only in specific sports. So, it’s logical even upper crust models would be superior in one or two sport year in and year out. It wasn’t until a handful of months later the lightbulb went off on top of my head. Doh.
With my computer systems—a different AI than prediction software, I ascertained years ago and continue to run to the bank with understanding that pro sports tend to be about overcorrection and statistical regression, while college sports is more about momentum and riding streaks.
Upon my manifestation, Sugar Pockets results all checked out. Sportsline for example is very weighty on recent play, making it good in college basketball, but no-so-much in NBA. In fact, spoiler alert and hot tip, their NBA totals are pretty much auto-fade. Inversely, Accuscore puts more significance on full season results often contradicting Sportsline.
I hook Pockets up with some intel as well. But now that I have accurately weighted meticulous in-depth crib sheet to guide me, the simulators and machine intelligence is used as a part of my repository. As technology evolves, so must us pro cappers. I have plenty of “it’s not broken, don’t fix it” formulas, but careful calibration ensures the best will keep progressing into in the future.
There is no best gambling outcome emulator overall. But the strengths and weaknesses vary from sport to sport for the sensible preceding explanations. And the opportunities and obstacles of each are glaringly profitable.
Vetted sportsbooks and top shelf handicappers at OffshoreInsiders.com led by the author, Grandmaster Handicapper Joe Duffy.
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|Joe Duffy is founder of OffshoreInsiders.com featuring the world’s top sports service selections.|
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