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Online Gambling Businesses Use Large Volumes of Data
Thursday August 22,2013 : BIG DATA AND GAMBLING BUSINESS INTELLIGENCE
Speed and accessibility the keys
The smart use of large volumes of business data is growing across a multitude of industries, with online gambling featuring prominently among them, an article on the Siliconangle blog revealed this week.
Online bookmaking companies are among the leaders in using large volumes of data to best advantage, the article notes, focusing on Paddy Power, where the rise of online gambling led to the accumulation of hundreds of terabytes of data.
The blog quotes Conor McMenamin, Paddy Power’s business intelligence manager, who explained that by putting in place a scalable platform that could be developed quickly, the company was able to make full use of data in a dynamic business constantly evolving in real time.
Standard data warehousing techniques were unsuitable, as bookies need to be able to access data instantaneously. Paddy Power got around the problem with QlikView’s business intelligence solution, which gives decision makers wider access to the company’s data in way that keeps its IT managers in control of governance and data structure, whilst affording managers more time to focus on strategic goals.
The Siliconangle piece also examines new Polish start-up Betegy, which claims high success rates in the accurate prediction of English Premier League football matches.
Betegy’s website boasts that it's able to successfully predict the outcomes of 90 percent of all English Premier League matches via a proprietary and complex algorithm that considers every possible factor that might affect the game, from the coach’s birthday to the weather.
The company turns this capability into forecasts for 21 different soccer leagues around the world, and claims success rates between 50 percent and 90 percent accuracy - the latter figure in the English Premier League.
CEO Alex Kornilov says the company uses two layers of data to predict the outcome of soccer matches. The first layer includes basic stats such as recent performances, history between the two teams in question, form and the average number of goals. The second layer goes deeper into it, taking into account factors like the weather and other details that may affect player’s motivation.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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