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.

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