Stratagem investing on sports betting trading with AI

1 Jul 2017

sports betting tradingSports trading company, Stratagem, is ready to invest on sports betting by using AI to predict match results. The company has as an ultimate target to level up sports betting to an asset class.

Through the use of algorithms, this system is ready to give a steady profit to the anyone who might invest on sports betting trading.

This fund started this summer by Stratagem’s trading software. It uses an AI (artificial intelligence) to scan pre-live and live data for main sports (such as football, basketball, tennis), in order to make betting as reliable as any other financial investment.

Charles McGarraugh, chief executive and former Goldman Sachs trader of Stratagem said: “The sports betting market is large, but fragmented, while sporting events are highly structured and repeated. We think artificial intelligence will be the story over the next five years. The pitch [to institutional investors] is really straightforward. Sports lend themselves well to this kind of predictive analytics because it’s a large number of repeated events. And it’s uncorrelated to the rest of the market. And the duration of the asset class is short — things can only diverge from fundamentals for so long because then you’re on to the next one pretty quickly. Think people are captivated with the idea of a lot of smart guys sitting in an attic, looking at predictive analytics for sports.”

Stratagem offers trading software to their customers and only recently decided to move into asset management to exploit advances in machine learning and Artificial Intelligence. The company also believes they have an ideal chance to use the AI strategies in sports betting trading.

With a betting expert’s help, they intend to map football pitches in real time, tracking players and ball movement, in order to extract accurate probabilities of in-play events.

McGarraugh admits that he is still thinking about the right model for this business and he seeks £25m for the initial funding and mentioned that bookmakers are encouraging his actions.

10,000+ have already benefited from Bookmakers.bet

Register to our newsletter and be the first to get our exclusive bonuses and promotions. Fill in your name & email and stay tuned on the latest offers and the new bookmakers in your country.

I agree with the terms of use.

BOOK SPY

  The English Football League (EFL) defends its gambling sponsorships, as the UK government considers a potential prohibition on all betting oper...

Read more »

William Hill posted a positive Q3 net revenue increase in its online operations. It announced a 4% increase in the UK and 6% internationally for the t...

Read more »

The Spanish Directorate General for the Regulation of Gambling (DGOJ) has awarded a gambling license to William Hill’s sports betting subsidiary Mr Gr...

Read more »

The Regional Council of Darmstadt in Germany has awarded its first 15 betting licenses with immediate effect. Among the renowned operators that now ho...

Read more »

GVC Group, owner of Ladbrokes and Coral, has put pen to paper on the acquisition of Portuguese online operator Bet.pt in an effort to expand its posit...

Read more »

The Lithuanian Gambling Supervision Service, running under the Ministry of Finance, has issued updated ‘know-your-customer’ guidelines in an effort to...

Read more »

US casino operator Caesars Entertainment has reached terms to overtake British bookmaker William Hill through a £2.9bn deal. The deal, typically await...

Read more »

The renowned sports betting operator 22Bet has decided to completely cease its operations in the United Kingdom as of October 13, 2020. All of its pla...

Read more »

Everton has landed yet another important deal by teaming up with Parimatch, appointing it as the club’s official betting partner in Europe and in the ...

Read more »

Online sports betting operator 22Bet has reached an agreement with French Ligue 1 champions Paris Saint-Germain. The two-year deal, ending 2022, will ...

Read more »

Latest Betting Offers