Have you ever wanted to lay a bet down on the Las Vegas sports books? Or take a bundle of money from the suckers in your office Final Four betting pool? Is it possible to win sports bets consistently over the long haul?
According to the guys at PredictionMachine.com, the answer is yes. Their secret weapon? Numbers, baby – it’s all in the numbers. They’ve built a formidable prediction tool with their Predictalator, the name they’ve given their methodology and algorithms.
Over the last three years, the Predictalator has scored wins on better than 70% of their straight-up bets, and better than 50% vs. the Vegas spread. This is a combined record on all of the professional and college football, basketball, pro hockey, and Major League Baseball games they’ve picked over the last three years.
What’s interesting about their approach is that they aren’t looking at historical trends and trying to quantify their hunches. They’re taking a highly scientific and quantitative approach with sophisticated models and lots of simulations. In fact, their tool simulates each and every game 50,000 times before making a pick.
My pal Rich Brueckner and I had a chance to interview PredictionMachine.com founder Paul Bessire as part of our Radio Free HPC podcast a few weeks ago. In the program, Paul discusses the genesis of the Predictalator and how he turned his master’s degree in quantitative analysis into a full-time business.