The Making of Sports Betting Lines

TVG Network Quenches Sports Fans’ Thirst for Live Content With Horse Racing From Around the GlobeKeith Goldner, Vice President of Data Science at FanDuel, led a workshop on the conference’s second day explaining how sports betting lines were made.

“Most people are just familiar with seeing bet lines on their phones; how does it actually work?” Goldner asked the crowd at the start of his presentation.

Goldner said the main responsibility of FanDuel data scientists is to put out probability and sports betting lines as accurately as possible. This task is accomplished through a series of data sets implemented in a specific model.

First, data scientists ask what target they are trying to measure for the sport. Are they looking to predict points? Wins? Performance?

The following impact variables are taken into account and measured through each simulation:

  • Offensive efficiency
  • Opponent defensive efficiency
  • Weather
  • Team pace
  • Opponent pace
  • Defense efficiency
  • Opponent offensive efficiency
  • Injuries

“The more simulations you run, the more accurate your predictions will be,” Goldner stated.  More on the Making of sports betting lines

Share this with your horse racing friends
Handicapping tips from agameofskill.com

Subscribe

* indicates required





Email Format


About Editor

Rich Nilsen is a 19-time qualifier to the National Horseplayers Championship (NHC), an event he has cashed in four times. He was the first player to finish in the top 10 of the NHC twice. A former executive with Brisnet.com and a member of the NHC Players’ Committee, Rich is a graduate of the University of Louisville Equine Business Program and is founder of AGameofSkill.com, a site devoted to horse racing education and promotion.

Speak Your Mind

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More in Sports Betting
The Tells for a Fixed Sports Match

Integrity Services analysts working 24/7 and operating from their main base in London to hubs in Montevideo, Melbourne, Singapore, Las...

Close