Neural networks and sports

ANN in Sports Betting
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The Artificial Neural Network has been described very briefly in a previous article, however what are the applications for such a neural network? It is agreed that the ANN takes a set of inputs, and generates an output result by finding an unknown relationship between the input data and the resulting data. This data analysis technique is also called "prediction", at which ANN are superb for!

Predicting the future is not about guessing what the future will be, but analysing the current data, history data and their results, analysing in detail the way things change, etc. A usage for such a model is in stock marketing, where previous data can be analysed and some predictions can be made in the future depending on certain criteria. Of course, a human can do this manually but analysing history data, and a lot of concurrent factors will prove to be very time-consuming and almost impossible.

The next application that I think ANN will be useful for is Sports Betting predictions. A tool that will help the gambler in his betting career and help him make a better decision on which team to bet on. It is quite common that, for example, a rookie gambler will place his bet depending on how many wins that particular team had in

Source: FlashyDevil

Elsevier Science Functional Equations in Applied Sciences (Mathematics in Science and Engineering,)
Book (Elsevier Science)

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2001-06-13 12:10:13 by datamouse

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