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

Yesterday, August 6th, the new legislation covering the online gambling market came into effect. It was published in the governments’ official journal...

Read more »

Interwetten has signed a three-year deal with the Greek Super League, commencing the coming September, that will see them being named as a golden spon...

Read more »

A new bill that is set to abolish the existing gambling regulator in Bulgaria and hand its duties to the National Revenue Agency, has been adopted by ...

Read more »

1xBet Group has signed a Trademark License Agreement with TonyBet, which has a valid license issued by the UKGC. The agreement allowed TonyBet to obta...

Read more »

The Supreme Council of Ukraine (Verkhovna Rada) has held a voting last week, resulting in a victorious 248-95 at the second reading in favor of regula...

Read more »

It’s been almost one and a half years since the Remote Gambling Act (RGA) was approved in Holland. Officials have been trying to set up an appro...

Read more »

Gambling companies are set to be banned from featuring on football teams’ shirts, starting season 2020/2021. This new ruling comes as part of th...

Read more »

STS, the biggest Polish bookmaker, has taken its development one step further by taking over BetSys, the software provider that was already its main I...

Read more »

Betwinner has announced that it has signed an exclusive deal with Brazilian football legend Roberto Carlos, which appoints him as the brand’s ambassad...

Read more »

The Norwegian Ministry of Culture is considering unifying the country’s gambling laws under a new piece of legislation. This means that the Lott...

Read more »

Latest Betting Offers