scholarly journals Gambling Strategies and Prize-Pricing Recommendation in Sports Multi-Bets

2021 ◽  
Vol 5 (4) ◽  
pp. 70
Author(s):  
Oz Pirvandy ◽  
Moti Fridman ◽  
Gur Yaari

A sports multi-bet is a bet on the results of a set of N games. One type of multi-bet offered by the Israeli government is WINNER 16, where participants guess the results of a set of 16 soccer games. The prizes in WINNER 16 are determined by the accumulated profit in previous rounds, and are split among all winning forms. When the reward increases beyond a certain threshold, a profitable strategy can be devised. Here, we present a machine-learning algorithm scheme to play WINNER 16. Our proposed algorithm is marginally profitable on average in a range of hyper-parameters, indicating inefficiencies in this game. To make a better prize-pricing mechanism we suggest a generalization of the single-bet approach. We studied the expected profit and risk of WINNER 16 after applying our suggestion. Our proposal can make the game more fair and more appealing without reducing the profitability.

2018 ◽  
Author(s):  
C.H.B. van Niftrik ◽  
F. van der Wouden ◽  
V. Staartjes ◽  
J. Fierstra ◽  
M. Stienen ◽  
...  

Author(s):  
Kunal Parikh ◽  
Tanvi Makadia ◽  
Harshil Patel

Dengue is unquestionably one of the biggest health concerns in India and for many other developing countries. Unfortunately, many people have lost their lives because of it. Every year, approximately 390 million dengue infections occur around the world among which 500,000 people are seriously infected and 25,000 people have died annually. Many factors could cause dengue such as temperature, humidity, precipitation, inadequate public health, and many others. In this paper, we are proposing a method to perform predictive analytics on dengue’s dataset using KNN: a machine-learning algorithm. This analysis would help in the prediction of future cases and we could save the lives of many.


2019 ◽  
Vol XVI (4) ◽  
pp. 95-113
Author(s):  
Muhammad Tariq ◽  
Tahir Mehmood

Accurate detection, classification and mitigation of power quality (PQ) distortive events are of utmost importance for electrical utilities and corporations. An integrated mechanism is proposed in this paper for the identification of PQ distortive events. The proposed features are extracted from the waveforms of the distortive events using modified form of Stockwell’s transform. The categories of the distortive events were determined based on these feature values by applying extreme learning machine as an intelligent classifier. The proposed methodology was tested under the influence of both the noisy and noiseless environments on a database of seven thousand five hundred simulated waveforms of distortive events which classify fifteen types of PQ events such as impulses, interruptions, sags and swells, notches, oscillatory transients, harmonics, and flickering as single stage events with their possible integrations. The results of the analysis indicated satisfactory performance of the proposed method in terms of accuracy in classifying the events in addition to its reduced sensitivity under various noisy environments.


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