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Betting exchanges are becoming ever more like financial markets. This has seen the rise of technical traders who find new and inventive ways of trading, little of it having anything to do with the underlying sports. Manual traders are having to give way to automation and algorithmic trading.To stay ahead, the most successful traders are resorting to systematic and automated methods to build and trade their strategies. This book demonstrates techniques for sports trading, including; fundamental and technical trading, statistical arbitrage, money management, Monte Carlo methods, machine learning and the increasing necessity for algorithmic trading.
About the Author
James became interested in sports betting at a very early age when his father would call out to him for random numbers with which to fill out his pools coupon. That led James to an interest in statistics, probability theory and eventually, a degree in computer science. From there he went into research and his EDDIE project became the genesis of The Centre for Computational Finance and Economic Agents at the University of Essex. After leaving academia for The City, working at Reuters on finance related research projects, James is now a freelance consultant, quant developer and writer on sports betting markets. James sometimes blogs on www.betfairprotrader.co.uk