2012
DOI: 10.1007/s10489-012-0381-9
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Using a case-based reasoning approach for trading in sports betting markets

Abstract: The sports betting market has emerged as one of the most lucrative markets in recent years. Trading in sports betting markets entails predicting odd movements in order to bet on an outcome, whilst also betting on the opposite outcome, at different odds in order to make a profit, regardless of the final result. These markets are mainly composed by humans, which take decisions according to their past experience in these markets. However, human rational reasoning is limited when taking quick decisions, being infl… Show more

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Cited by 4 publications
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“…As a result, the decision on how students should be allocated to supervisors is arduous, time consuming, and, quite often, stressful. This decision has almost countless possibilities and, making an optimal decision on the matter, may be unfeasible for human decision makers Despite this problem, Artificial Intelligence has proved to be a helpful tool in supporting decision making in a variety of complex domains such as emergency response [4], analytics [5], health [6], sports [7], or even education [8,9,10]. Its ability to manage complex decision problems (i.e., involving many variables), provide time effective responses, and learn from experience has put artificial intelligence to the forefront of today's ICT solutions.…”
Section: Introductionmentioning
confidence: 99%
“…As a result, the decision on how students should be allocated to supervisors is arduous, time consuming, and, quite often, stressful. This decision has almost countless possibilities and, making an optimal decision on the matter, may be unfeasible for human decision makers Despite this problem, Artificial Intelligence has proved to be a helpful tool in supporting decision making in a variety of complex domains such as emergency response [4], analytics [5], health [6], sports [7], or even education [8,9,10]. Its ability to manage complex decision problems (i.e., involving many variables), provide time effective responses, and learn from experience has put artificial intelligence to the forefront of today's ICT solutions.…”
Section: Introductionmentioning
confidence: 99%