Inspiration
I like playing online video games, and have recently been amazed at the vastness of the virtual marketplace for games such as Counter Strike: Global Offensive. As an industry that is dominated primarily by young people and those seeking entertainment, I thought that an analytical approach may potentially reveal trends that others haven't discovered yet on the gambling front.
What it does
Turns numbers into $$$ by abusing the fact that other eSports betters are poor gamblers and don't use analytical approaches when risking their money. I found that favorites and underdogs' win rates are disproportionate to the betting odds, allowing for a near guaranteed profit across a large betting portfolio (asymptotically approaching 24%)
How I built it
Python web crawler pulled data from www.csgolounge.com Imported to excel and SPSS for statistical processing and graphs.
Challenges I ran into
Haven't used excel in a while, so I had to relearn my way around the graphing functions.
Accomplishments that I'm proud of
Real, tangible monetary impact as a result of novel analysis in a relatively unexplored field.
What I learned
Almost any industry can be disrupted if the proper questions are asked and the correct data is analyzed. Even video game gambling.
What's next for Counter Strike: Gambling Offensive
Program a steam account bot that will automatically place bets according to the betting schema (variable, based on input parameters)
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