Ep 87: Mathematics Professor David Sumpter & Trademate CEO Marius Norheim - Using Mathematics in Sports Betting

David Sumpter is a Professor of Applied Mathematics at the University of Uppsala, he has completed his doctorate in Mathematics, the author of Soccermatics & The Ten Equations, and written for the likes of The Economist, The Telegraph, FourFourTwo magazine and much more. He’s also made various sports betting models and is currently working at Hammarby FC in Sweden in data analytics. CEO of Trademate Sports, Marius Norheim, also joins the podcast. Recently, David and Marius worked together on modelling sports betting. Enjoy!

0:00 Introduction to David

3:50 Using Maths in Football & Betting

10:30 Modelling in the Data era

19:00 World Cup Betting Model & Edges

28:30 Betting Biases

35:11 Building and Testing a Model

43:45 Working with David

48:15 Live betting with Twelve bot

51:55 Creating Your Own Model

55:50 COVID’s effect

59:50 Working with Hammarby FC

1:03:44 Football Clubs using Data Analytics

1:13:00 Ten Equations

1:19:00 Academic Research in Betting

1:22:00 Combining Analytics and Emotion

 

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