March Madness bet constructor - dpennock.comdpennock.com/talks/bracketology-hackday-10-2007b.pdf ·...

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• March Madness bet constructor • Bet on any team to win any game – Duke wins in Final 4 • Bet “exotics”: – Duke advances further than UNC – ACC teams win at least 5 – A 1-seed will lose in 1st round

Transcript

• March Madnessbet constructor

• Bet on any team towin any game– Duke wins in Final 4

• Bet “exotics”:– Duke advances

further than UNC– ACC teams win at

least 5– A 1-seed will lose in

1st round

Page 2: March Madness bet constructor - dpennock.comdpennock.com/talks/bracketology-hackday-10-2007b.pdf · BRACKETOLOGY My Account How to Play: Bet on how far your favorite teams will advance.

• Under the hood:• We can price &

accept most any bet!... keeping priceslogically consistent

• “Combinatoriallogarithmic marketscoring rule marketmaker withimportancesamplingapproximation”

Page 3: March Madness bet constructor - dpennock.comdpennock.com/talks/bracketology-hackday-10-2007b.pdf · BRACKETOLOGY My Account How to Play: Bet on how far your favorite teams will advance.

Page 4: March Madness bet constructor - dpennock.comdpennock.com/talks/bracketology-hackday-10-2007b.pdf · BRACKETOLOGY My Account How to Play: Bet on how far your favorite teams will advance.

Page 5: March Madness bet constructor - dpennock.comdpennock.com/talks/bracketology-hackday-10-2007b.pdf · BRACKETOLOGY My Account How to Play: Bet on how far your favorite teams will advance.

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