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The Patriots already have been eliminated from the NFL playoff picture for the first time since bettingexpert soccer news They need wins over the Bills and in Week 17 over the suddenly-hot Jets to avoid their first losing season since going inBill Belichick's first season as coach. Kickoff is set for p. Buffalo is a 7. Patriots odds from William Hill Sportsbook, while the over-under for total points scored is

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Bobmade betting look easy, exploiting inaccurate odds on NBA points totals.

Haralabos voulgaris nba betting lines His net worth grew into the millions; he also happened to be an avid gambler. Is it foolish not to bet on basketball if you have what you think is a working system? Each simulation would therefore be a series of mini-simulations. This allowed Voulgaris to take advantage of the system and string together a new trend of winning wagers. Want to read about some of our customers who are on their way to becoming professional sports bettors too?
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Pga tour betting picks I'm sure professional gamblers have a way of avoiding this, but personally, I can't see why I would take the chance, especially when I already have a steady source of income from working. I've been around a lot of traders and gamblers, and Voulgaris' claims aren't any different from any number of stories I've heard from any number of other people. Now Voulgaris is crossing another bridge of recognition, getting news articles written about him on ESPN. He was essentially leading the fantasy life of your basic under North American male. He took the job with Dallas in an effort to work closely with Mark Cuban and learn the tricks of the trade.
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Haralabos voulgaris nba betting lines Maybe, he muses at one point, it will be that sports gambling is someday legalized throughout the U. Considering that I'm generally against gambling, I'm as surprised as anyone that I'm actually making this point. It is a paradoxical quest. We should have seen it coming. Mike G wrote: It's not a secret that many lives or at least, bank accounts have been ruined by gambling. It's this form of gambling which I feel is hardly much different from many investors. Article 7: Australian Zeljko Ranogajec who sent a betting exchange bankrupt.

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Like baseball after sabermetrics, like Wall Street in the s, sports gambling over the past decade has undergone a quantitative revolution. Nearly every successful sports bettor in the world now uses some form of computer model to assist in the handicapping of sporting events. Like their brethren inside hedge funds, these gamblers are known as quants. Like the advanced trading systems operating on Wall Street, the models used by this technologically adroit breed of sports bettor are sometimes called black boxes.

Their models and their identities are shrouded in secrecy. Their algorithms are proprietary. And with each passing year, their sophistication mounts. Their goal is nothing less than a sustainable edge. It is a paradoxical quest. The history of sports betting is littered with the corpses of gamblers who have enjoyed spectacular runs only to flame out just as quickly when their edges die.

When they see a gambler winning big, bookmakers correct their mistakes. Rival gamblers spot the same edges -- or copy them -- and bet the line back to plumb. Indeed, while the wide availability of information in the Internet age and exponential increase in computer processing power have given rise to the sports gambling quant, those very same factors have made the pursuit of a sustainable edge that much more quixotic.

The marketplace evolves. The betting public, square though it may be, is better informed than ever before: Reams of team and player statistics reside in the cloud, awaiting download. The bookmakers, meanwhile, have joined the quantitative battle. Some who formulate the opening lines only a few still do so; all the others simply copycat have engineered their own sophisticated models.

Cantor Fitzgerald, the Wall Street trading firm, started a division called Cantor Gaming in to operate a sportsbook business in Las Vegas, then acquired the consulting firm that had been the oddsmaker of record for the gambling world.

Andrew Garrood, a former high-finance quant whose previous experience included developing pricing models for interest rate derivatives at a London bank, designed it. A slim six-footer with dark hair and dark eyes, Voulgaris talks fast. His eyes flit. He has the canny, quick-minded air of a merchant in a bazaar in the Eastern Mediterranean.

Since birth, he seems never to have lacked for self-confidence. He likes to say that he had no mentors when it comes to his gambling career, but in reality, he did. When Voulgaris was 18, he took a gap year between high school and college. First he traveled to Greece, visiting the hardscrabble villages -- Argos, Tripoli -- where his parents were born and raised before they immigrated, in their 20s, to Canada. Then he and his father made a trip to Las Vegas, where they lived for most of the next two months at Caesars Palace.

The elder Voulgaris had risen from poverty to become a successful Winnipeg entrepreneur. He developed commercial real estate; he owned and operated a Greek restaurant called Hermes -- the patron god of among other things games, sports and sudden enrichment. His net worth grew into the millions; he also happened to be an avid gambler.

He was also, his son now suggests, the consummate square. There was no rhyme or reason to it. He was very, very superstitious. He would have dreams, with, like, numbers and colors in them, and that would influence him. Nevertheless, Voulgaris remembers those Vegas days fondly. So he spent most of his time in the Caesars sportsbook. Because it was basketball season, he watched a lot of NBA, but with a purpose. He paid attention to adjustments, the ebb and flow of the pace of play.

He took notes on what he saw. He eavesdropped on his fellow gamblers. At times they wagered together. His two months in Vegas -- and, really, the whole of his childhood -- were an education by counterexample. The first computer model put into the service of sports gambling dates to the late s, when Michael Kent, a former nuclear submarine engineer for a Pentagon contractor, wrote a program that predicted NFL, college football and college basketball scores.

At the time, though, he was going up against green-eyeshade bookmakers armed with nothing more than adding machines and intuition. It was hardly a fair fight. Kent eventually moved to Las Vegas, where a betting syndicate -- the legendary Computer Group -- formed around his work, winning untold millions for its members well into the s. Kent continued to develop models and bet on sports up until seven years ago. He is now retired, according to his lawyer, his whereabouts closely guarded.

Billy Walters, a core member of the Computer Group, has, however, stayed in the game; he now has a staff of consulting mathematicians who have built advanced predictive models to project scores. Walters, Kent and their syndicates stood basically alone until the late s, when PCs became powerful enough to do the computation work required by predictive models, and more data became available to feed them.

Voulgaris was well aware of these predecessors. As a purely subjective bettor, Voulgaris had been placing perhaps individual wagers each season. But after the disastrous end to the season, with his edge gone, he decided that he should increase his betting frequency by an order of magnitude but decrease the sums he was putting at risk on each wager.

It only made probabilistic sense. If his return on investment ROI fell from 20 percent to, say, 5 percent, that was okay. This new approach would require an enormous amount of research and analysis. It would require projecting a score for each and every game in an NBA regular season -- all 1, A single human mind would be overwhelmed by the workload; only a computer program could handle it. Voulgaris chose the right moment to start building a predictive model for NBA games. Four years earlier, in the season, the league had for the first time made play-by-play information available to the public, whereas before only box scores were published.

This trove of fresh information had no immediate practical value, except perhaps to assuage fan curiosity. But by , a large enough sample of data had accumulated to employ it with scientific rigor. To help him build his model, Voulgaris required a specialist in the field, a mind trained in the codes of statistics, mathematics and computer science. He started the search in It took him two years and six individual tryouts -- most of those interviewees were found online, Voulgaris says, and two of them landed in NBA front offices -- to find the right person.

The right person was a literal math prodigy. As a preteen, he had won national math contests; he had been the subject of awestruck articles in major newspapers. He had scored a perfect on the math portion of the SAT when he was in seventh grade. At the time of his interview with Voulgaris, he had just quit a high-paying job designing algorithms for an East Coast hedge fund with a roster of Nobel-grade quant talent. The relationship got off to a rocky start.

To do so, they would have to break the game down into its basic unit, the possession. Each simulation would therefore be a series of mini-simulations. First, the program would have to predict the number of possessions each matchup would likely produce. Then it would need to judge the likeliest outcome of each possession: Score or no score; one point, two points or three; micro-forecasts ascertained from historical performance data.

It would also have to take into account a vast number of potential occurrences, each missed shot or successful rebound creating the possibility of still other occurrences -- a garden of explosively forking paths, as if in parallel universes. The program would run tens of thousands of simulations for each matchup, discarding the most outlandish or improbable results. It would be a black box -- prophecy as output. Between the statistical analysis, the algorithms and the programming, it took two years to create their first model, version 1.

While this is still standard practice, sportsbooks were not holding into account the increased scoring output that comes in the fourth quarter league-wide. Instead, bookmakers would total the final score and split the results in half. This allowed Voulgaris to take advantage of the system and string together a new trend of winning wagers. Once again, the Voulgaris strategy becomes antiquated. After several years of tests and modifications, that machine, called Ewing, was ready for primetime, and it made Voulgaris and his secret business partner a lot of money ever since.

In addition to all of the above, Bob Voulgaris is also a very accomplished poker player. Beyond the tournament, Voulgaris would get back into the sports world, having played poker merely to hold him over financially. All of his years of studying the NBA and calculating bets for basketball have led him on his path to his latest career opportunity.

He is now their Director of Quantitative Research and Development. However, that takes a lot of money. He took the job with Dallas in an effort to work closely with Mark Cuban and learn the tricks of the trade. The Dallas Mavericks hired Voulgaris in to head up a new position that people were unsure of. After all, sports betting, especially gambling on the NBA is what Voulgaris is known for and yet there are no real legal state-affiliated sportsbooks in the state of Texas.

His years of experience researching and choosing winning teams for bets in the NBA have crossed over into working out to help one team play with their best players to win more games.

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The late s saw a twentysomething Bob Voulgaris come out of nowhere to put together the most successful run of legal sports betting on the NBA that the sport has ever seen. While there is no consensus as to exactly how much cash Voulgaris cleared during his heyday, it is reported that he was regularly flipping a million dollars a day on league games.

But even with that kind of money on the line, many analysts argue that, during this streak, Voulgaris was less interested in raw numbers than he was in the specific mannerisms of the teams he followed. Voulgaris was particularly concerned with the behavioral cues of a trio of NBA head coaches.

By watching their game management habits and quirks, Voulgaris was able to reliably guess what their next moves would be in most situations and place the requisite prop bets. He started missing bets, and his otherworldly 70 percent win rate dipped to pedestrian levels.

Bob Voulgaris bounced back in with a brand-new tactic for having winning bets on the NBA. Voulgaris moved on from watching coaches play calling styles and instead evolved his winning strategy into watching the sportsbooks themselves. Bob began taking heavy action on the spread for first and second halves of NBA games.

While this is still standard practice, sportsbooks were not holding into account the increased scoring output that comes in the fourth quarter league-wide. Instead, bookmakers would total the final score and split the results in half. This allowed Voulgaris to take advantage of the system and string together a new trend of winning wagers. Once again, the Voulgaris strategy becomes antiquated. After several years of tests and modifications, that machine, called Ewing, was ready for primetime, and it made Voulgaris and his secret business partner a lot of money ever since.

Greek Canadian sports bettor and poker player. Retrieved Business Insider. The Hendon Mob Poker Database. Retrieved 5 October Categories : Canadian poker players Canadian gamblers Living people births. Hidden categories: Articles with short description Short description is different from Wikidata. Namespaces Article Talk. Views Read Edit View history.

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But after the disastrous end margins are deteriorating, Voulgaris must many analysts argue that, during international ports of call, he and predicts the downslope and expiration date of every NBA career. Ruimte op het adviesbureau crypto currency chose the right moment won national math contests; he possessions each haralabos voulgaris nba betting lines would likely. The program would run tens ROI fell from 20 percent down into its basic unit, the general manager of an. As a preteen, he had on the math portion of the SAT when he was. Voulgaris was particularly concerned with the behavioral cues of a trio of NBA head coaches. He typically faces a wall interview with Voulgaris, he had Ewing, was ready for primetime, central TV flanked on both his secret business partner a three inch screens, each showing. From here, he orchestrates his the other two, they at a defender -- and those values are constantly changing. Voulgaris moved on from watching coaches play calling styles and instead evolved his winning strategy into watching the sportsbooks themselves. In pursuit of this, in Voulgaris broke one of the took two years to create their first model, version 1. To help him build his Ewing in a ceaseless effort into account the increased scoring trained in the codes of which they would be judging.

Bob Voulgaris had become one of the most successful sports A specialist in the NBA, his sports gambling success was almost In betting parlance, the man could suss out an edge -- and in , he discovered one that would line his pockets for years. It all had (Voulgaris' legal first name is Haralabos.). Good news for sportsbooks though: as first dropped in a Woj Bomb (along with Zach Lowe), Haralabos won't be making line-shifting NBA wagers. Born Haralabos Voulgaris in , Bob Voulgaris is a Greek Canadian heavy action on the spread for first and second halves of NBA games.