The Computer Group - How the computer group made millions betting on sports

How the Computer Group Made Millions in the Early 80’s on College Football, And Why That’ll Never Happen Again

Almost anyone who knows about the history of online sports betting knows about the Computer Group, perhaps the most successful computerized sports betting (see video) group in history, whose success led to the arrests of the entire group, including famed sports bettor Billy Walters, after investigations that the group was involved in an illegal bookmaking operation in 1985.

After the indictments of the members, the Computer Group split, and the level of success they reached was never to be repeated. But why? It’s a useful lesson to learn from their own history. Read more

Bitcoin and online gambling

Bankroll your online sports book with Bitcoin?

Bitcoin and online gamblingWe decided to cover this topic as it relates to a popular subject among investors and sportsbettors around the best methods to deposit and withdrawal funds from your bankroll to one or many online sportsbooks.

Online sportsbooks constantly struggle to find payment processors to bring onboard to help sports investors and bettors to make deposits and withdrawal of their winnings.

The Bitcoin payment solution solves a lot of common pain-points among bettors as it offers ease of use with instant deposits and withdrawls, and provides a provable fairness and transparency of the transactions, and all transactions by the sportsbook.

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Super Bowl predictions: NFL’s Broncos & Packers an early call

With the 2013 now here, all the talk is NFL Super bowl XLVII predictions. While its still anyone’s pick, a look at the industry from the NFL source itself and their analysts, are already making their early Super bowl picks for the big game on February 3rd, 2013 in New Orleans.

Not that we disagree or agree on their NFL super bowl picks, it is still early to tell and an early call. As each football playoff game is played out week by week, the predictions change.

Even our network of industry expert NFL handicappers, social NFL predictions and the public betting predictions including Facebook’s football predictions app. and social or crowd sourcing sports prediction sites as Social Sports Betting Picks won’t be fully tabulated until we get closer to the superbowl, there are strong indicators we can see from the NFL playoff picks being made.

But what will the experts handicappers predictions be? Fade the public or bet against the squares…you remember that simple, yet one of the most popular football betting strategies used by many, and works ‘over time’, simply bet against the public or consensus.  We’ll have another post on public betting and betting against them on the underdogs shortly.

Until that time all the NFL handicappers and betting pubic release their Superbowl predictions are calculated, lets take a sneak peak into NFL.com’s analysts Super bowl 47 predictions. Read more

MIT predicting economics & sports prediction system

Collective Prediction – Combining human and machine intelligence in prediction economies

MIT predicting economics & sports prediction systemBuilt on the idea of collective intelligence and behavioural economics that IntelligentBettingTips.com sports investing prediction model was founded, we’ve re-posted  below a research study call that applies a similar approach of human and machine to enhance the prediction outcome of economies…we just applied it to sports.

And while the study below addresses the collective intelligence of human and machine, I’ll note we’ve set forth to induce a 3rd variable to the prediction model – the experts. We use a) industry expert handicappers with 20-30 years experience, b) global people consensus data, and c) computer technology that makes use of algorithms in multiple regression, machine learning, and data mining.

While the MIT study is vague on its variables of ‘human’ and the algorithms or machine learning conditions applied to forecasting economies, its similar in the sense of its approach and applying currency and points to the benchmark the performance of its approach to attempt to prove the model can enhance the forecast of future events.

Just like in sports picks and prediction models no handicapper or system can get 100% of the prediction correct; that’s the goal. Any sports investor understands the approach is similar to stock market investing; the goal is to win over time at lessor risk than convention investment opportunities.

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ESPN writer covers new college football prediction model

ESPN’s coverage, a new system to bet ncaa college football

ESPN writer covers new college football prediction modelBack in August, Chad Millman, Editor in Chief of ESPN The Magazine wrote a popular article on a new system to bet college football stemming from a conversation with an MIT graduate at the MIT Sloan Sports Analytics Conference.

Now this new system to bet ncaa college football is not system endorsed by ESPN, but what resonates strongly are two key points:

  1. The research and inspiration of the prediction model from the MIT graduate aligns with IntelligenBettingTips.com to prove sports is a sound “investment asset” within an investment portfolio, along with equities and other investment vehicles.
  2. The new ncaa football prediction model was produced from a graduate of MIT, where IntelligentBettingTips.com sports prediction model was inspired from scholar research at the MIT Center for Collective Intelligence, and Harvard.

Chad sat on the panel about the world of sports betting today, and wrote about a discussion he had with an MBA graduate of MIT (Massachusetts Institute of Technology) by the name of Mike Wohl.

The Sloan Sports Analytics Conference tends to attract a variety of members who are hard-core gambling fans, sports investors and sharps – along with a few other MIT graduates who probably have the next best prediction system for betting on sports. Why attend? It’s a place where the brainiac statisticians, sports fanatics, and computer engineers (likely from MIT) come together who have a focus in sports, and lead the evolution in sports prediction modelling and sports betting.

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2012 NFL Preseason Schedule

The 2012 NFL preseason schedule kicks off on Sunday, August 5th, with the classic NFL Hall of Fame game, and the inaugural kick off the 2012 NFL football season and tail get parties.

Among such NFL bettors and investors alike scramble to get their bankrolls in place for another seasons of big wins, and losses.  While most recreational football bettors are ecstatic to begin throwing down the benjamins on the pre-season games, the experienced bettor and investor understands how timing plays a strong role to starting the season off profitable. Because the statistics aren’t in, teams figuring out their synergy, adjusting to new coaches, starting rookies, and new QB’s, it can be an unpredictable time of year when investing in the NFL preseason – sometimes. For more, read our post why not to bet or invest on the NFL preseason…sometimes…as there are still investment opportunities to be had if you can spot them.

Schedule & Highlights to watch for in the preseason NFL games: Read more

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