Seems like there's a fair amount of football fandom in this here forum. Pretty much mirrors office chatter I hear this morning and although I'm not a fan of the game in general I do get the attraction as I'm partial to baseball and/or golf. Anyway, watching sports these days one cannot help but see all the ads for the fantasy sports betting. I've often wondered about their legitimacy and was curious how often the "regular guys" they depict in their ads actually won money.
I came across this interesting article this morning...if you have the time it's a decent read.
http://www.bloomberg.com/news/articl...ntasy-football
Two things that really struck me from reading that article:
(1) How much the practice of fantasy sports betting resembles stock trading in that the big guys with their algorithms and high speed computers are at an advantage over the "retail" players/traders.
(2) One of the most successful "sharks", Saahil Sud, is someone who has developed his own proprietary program to successfully glean public information of hundreds of different players/teams to help increase his probability of success
"The first step is scraping data from various public resources online and plugging the numbers into his custom-built predictive models, which generate hundreds of lineups based on his forecasts. There are publicly available tools that do some of this work for daily fantasy players, but Sud created bespoke software to make sure no one else can access his data."
Does his "I've built my own proprietary program" process sound familiar to anyone? Yeah, me too....not naming names but the only difference is his program actually seems to work AND as a result, he's not selling "shares" of that program to anyone. Rather, now that he has the keys to the kingdom, he's keeping it to himself as anyone with a real working system would do.