The Use of Machine Learning Methods in Gambling

Student: Volkov Ivan

Faculty: St. Petersburg School of Physics, Mathematics, and Computer Science

Educational Programme: Big Data Analysis for Business, Economy, and Society (Master)

Year of Graduation: 2021

This research deals with the use of machine learning methods in sports betting. The paper is divided into 3 parts. Some aspects of bookmaker’s work and some of the professional players’ betting strategies are descripted in the first part of the paper. The Second chapter shows some of the previous researches dealing with the use of machine learning in sports prediction. In the third part machine learning methods are used on real data to predict the outcomes of hockey matches and then betting strategies are used on the basis of predictions which are made with the help of machine learning methods.

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