To UrmaBlume

[rt-trader 10]

Hello UB,

 

I dont often visit or post to forums (except NinjaTrader) so when I was bounced into TL and came across your threads a couple of days ago I was amazed and like many others intrigued by your material, views and approach.

 

I have spent many hours reading and re-reading what you have written and there is much to think about...

 

Anyway - I thought I would start a thread to say THANKYOU for all you have contributed - and for persisting in the early days when a few word slingers were firing off at you.

 

As someone who has attempted to apply many types volume analysis to trading, I see that the new ideas and techiques you utilise would offer a lot to those that can (in part) decode what you have been saying.

 

Thankyou again...

[UrmaBlume 10]

RT-Trader,

 

Thank you very much for the kind words. I am gland you find our work to be of interest.

 

I see you are posting from Sydney. What a beautiful, not to mention fun, city.

 

I have been lucky enough to make several trips down under and enjoyed them all. Some years ago one of your major bookies hired me and an associate to build a neural net based system for setting odds in your horse races. While it was a business trip we had a very good time and even managed a trip to Cairns for some diving.

 

I would like to see something of your work - do you post under this name on the Ninja boards?

 

cheers

[rt-trader 10]

Hi UB,

 

Yes, I do use the same name, although I use the forum for support only...

 

I did try to send a much longer reply via PM but was blocked (not enough posts on my part)

 

Cheers

[ZOSO 10]

Dear UB,

 

How is your horseracing and sports betting system going?

[UrmaBlume 10]

Dear UB,

 

How is your horseracing and sports betting system going?

 

We moved up from Sports and Horse betting almost a decade ago. While we were active I believe our handicapping was beyond the state of the art. And while I am not active in this area today I belive our work is still beyond what is available today.

 

If we could ever get some spare resources I would love to have some of our new "wonder kids" with their super tools tackle this once again - especially the exotic bets of the thoroughbred racing circuit here in the US.

 

Below is a partial page from one of those reports.

 

Here is a page that links to a short movie that explains our approach to sports betting and demos one of the reports we were producing some years ago.

 

Trade Point Technologies

 

The link on that page that plays the movie is:

 

Click here to play a short flash movie that explains our report and something about how we process sports data.

 

This data based approach did well with NFL and really good with NBA. The problem with handicapping the NFL is the short season and the small number of games.

 

It has been some years since we produced these reports. We finished the database that holds the data from the comma delimited performance reports for American Thoroughbred Racing but never hooked up the Intelligent Agents to do the handicapping.

 

We became completely absorbed by the markets and haven't touched these systems in years. If we ever get a few extra resources I would love to use some of these newer, smarter and faster tools to process the data.

 

If you have a minute please take a look at the movie of the NBA report and let me know what you think. I believe it to be beyond the state of the art in sports handicapping and know for sure that its performance could be greatly improved with today's tools as compared to almost a decade ago.

 

Also what do you think about the guages as measure of sports performance characteristics?

 

 

[ZOSO 10]

I think sports betting and particulary horseracing with the over the top rake is for suckers unless one has inside information.

[UrmaBlume 10]

I think sports betting and particulary horseracing with the over the top rake is for suckers unless one has inside information.

 

I couln't agree more - with the exception that in spite of the horrendous rake at the tracks, the tremendouns amount of available data and the huge leverage of certain exotic bets might provide some opportunity to some very smart processing. At any rate if the processing is any good it will give one the answer before the firts bet.

 

One of the major problems with both sports and horse betting is the depth of market and in racing in particular which is parimutual betting.

 

Still, it would be fun, especially living here in Las Vegas and the next time a couple of my database & intelligent agent guys get a bit of extra time we will give the horses a shot just for the fun of it.