Can I put this on my CV?
First off, I'm not kidding when I ask this question. I'm serious.
I've developed a function where I can predict an average of how many goals can be scored(under/over) in a soccer game. I've put this in excel, and made a really useful calculator. Just based on this formula, I was able to be grow my betting account to 6,000 USD from 400 USD in one year.
There is absolutely no analyzing or thinking when I place bets. I just plug in the stats on my excel program, and when I hit enter it returns "Yes" or "No" to place a bet.
I know it shows that I've got some aptitude to be able to take numbers and come up with a significant money making scheme. But, obviously, gambling's not something you should be telling people (especially an interviewer).
What do u think?
put it on.
put it on and also send to me please
I know many people who would pay you for a program like that especially if it can be used for other sports....
traders love to bet - everything comes down to a bet; I am not sure about bankers, either way it is definitely a conversation starter
"I'm sure it is very difficult for that thing to take into account injuries, weather, players attitudes, and other anomalies." - words from a sports gambler
Curious...does it account for these variable?
Might just be betting that on the average these will hopefully be insignificant
can you please send it to me if it really isn't a joke
Dude, if this thing works I'd put it on. Better yet, I'd just play higher stakes with it...
This is similar to what algo traders do/use and as we can see models do not always work, there is a human component to gambling that I believe needs to be factored in for instance the Miami/Pats game this weekend Miami covered - I believe that the main reason for that was that they won their first game of the season the prior week which played a huge psychological role in this weeks game
all the posts above are pretty well on ...... but i would be careful how i put this on a resume. List it in the activities or extracurriculars..... again this probably will only be useful on a resume if your looking at trading. I would list under activities something like
Building algorithmic programs for analyzing sports betting
I dunno if that sounds good but if you want to put this on to get yourself noticed then add it.
Other caution is how you approach it..... stating in interviews that you just set this thing up and go is going to possibly be a danger sign to individuals because it seems then that the magic is in the program.... not you. I would be prepared to talk about what motivated you to do this, what were some of the reasons behind the variables... how you were surprised that it had worked so well.... and finally talk about how to test it you tried it out a few months or so just going by whether or not it said to bet or not.... but then add in that you always were cautious about the situation and never would bet all your money on a single outcome predicted by the program. If you look into the Long term capital management book one of the negatives often cited about the crew were that they built models and then just followed models without reasoning outside of them.... it was something that has been attributed to their downfall....
Thanks all for the response. For the people with questions on how I take different factors. Basically, the program takes into account the scoring forms of both teams in the past 5 games (both away and home games are calculated differently). As for injury, usually it's not a big impact because both sides have them, and it balances out a lot of the time. As for weather, there are some freak cases, but for under/over betting, it doesn't play too much of a role. The one thing I do look at though is players attitude. Basically, if a team has NO motivation to win (ie. aldready qualified to next round), then the game is a no go. Yeah, I do lose games where injuries, weather, etc should have been considered, however I win enough games to make up for the loss. In a typical week, I put about 30 games and lose about 7-10 of them. Sometimes more, sometimes less.
Thats very interesting that you asked this question. I developed a similar model which imports NFL game stats from Yahoo Sports and factors Vegas odds to come up with a confidence rating and make picks accordingly. I lost in week 12. My gf's cousin just won the whole pool this past sunday and is splitting the 12K pool with 2 other co-workers. I back tested the model with the assumption that you makea multiple team parlay for every team with a +90% confidence rating and placing a $100 bet per week and parlaying any/all winnings the following week. Max draw down was under $500(never lost 5 straight weeks). Max upside was ~$26,000. Waiting till next season to just place straight bets instead of entering a pool where you have to go 17-0.
I thought to put something like this on my resume, but figured it would not be professional at all.
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