Video Summary
In this article, we're exploring a simple yet intriguing sports trading strategy. The concept is based on the idea that people tend to bet on underdogs, which inflates the underdogs' odds and undervalues the favorites. The result? Betting on the favorite of every event would yield a higher return than betting on underdogs. The strategy is straightforward: find every event starting within the next 5 minutes, bet on the favorite, and control losses by only betting if the odds difference between the head and tail is within 5 price sticks. This approach ensures the risk is limited, but the potential reward is higher. With a sample size of 500 bets, the results are in, and so far, it's been a surprise. After 6 days, a profit of £1.16 was made, with a return on investment of 0.232%. While the strategy may not be foolproof, it's an interesting experiment, and future episodes will explore other automated strategies. Stay tuned!
This kicks off a new series where I will code up and try out any automated sports trading method so that you don't have too!
This kicks off a new series where I will code up and try out any automated sports trading method so that you don't have too!