Then, the odds and their movement is investigated further to see if there are profitable betting strategies to be found based solely on information about odds movement. The odds are collected at 5 different time points for each game and the differences in the predictive power of time points is analyzed.
The dataset covers three full seasons from 2015 to 2018. This study investigates the accuracy of NHL moneyline betting odds, in predicting the actual outcomes of games throughout the time that the betting events are open. The market has thus globalized, and the competition has increased, forcing the bookmakers to produce more accurate estimates about the events to keep up with the competition. The bookmakers have moved online from the physical locations. Abstract The sports betting market has grown quickly over the past the few decades mostly due to the digitalization of the business.
