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

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2 Author(s)
Tsirimpas, P. ; Dept. of Comput., Imperial Coll. London, London, UK ; Knottenbelt, W.J.

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.

Published in:

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

Date of Conference:

5-8 Sept. 2011

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