SPORTSBET: A Tool for the Quantitative Evaluation and Execution of Betting Exchange Trading Strategies

Author

Tsirimpas, Polyvios ; Knottenbelt, William J.

Author_Institution

Dept. of Comput., Imperial Coll. London, London, UK

fYear

2011

Firstpage

155

Lastpage

156

Abstract

Betting exchange markets, which offer person-to-person betting, have attracted increasing interest due to their similarities with financial markets and their growing economic importance. This paper presents SPORTSBET, an event-driven tool for the quantitative evaluation of betting exchange trading strategies. It was developed to specify, execute and back-test parameterised betting strategies for a wide range of sports. SPORTSBET allows the definition of betting strategies in an extended version of the UrbiScript language as sets of concurrent processes which make use of event-calculus-like operators. Strategy performance is quantified by synchronizing multiple real time or historical data streams with a dynamic market reconstruction.

Keywords

data handling; electronic commerce; financial data processing; social sciences computing; sport; Internet; SPORTSBET; UrbiScript language; betting exchange markets; betting exchange trading strategies; data streams; dynamic market reconstruction; economic importance; event-calculus-like operators; event-driven; financial markets; person-to-person betting; quantitative evaluation; quantitative execution; sports betting markets; Investments; Markov processes; Optimization; Programming; Reactive power; Real time systems; Robots; betting exchange; strategy; trading;

fLanguage

English

Publisher

ieee

Conference_Titel

Quantitative Evaluation of Systems (QEST), 2011 Eighth International Conference on

Conference_Location

Aachen

Print_ISBN

978-1-4577-0973-9

Type

conf

DOI

10.1109/QEST.2011.30

Filename

6041598