#53 Data Science, Gambling and Bookmaking (with Marco Blume)

This week, Hugo speaks with Marco Blume, Trading Director at Pinnacle Sports. Marco and Hugo will talk about the role of data science in large-scale bets and bookmaking, how Marco is training an army of data scientists and much more. At Pinnacle, Marco uses tight risk-management built on cutting-edge models to provide bets not only on sports but on questions such as who will be the next pope? Who will be the world hot dog eating champion, who will land on mars first and who will be on the iron throne at the end of game of thrones. They’ll discuss the relations between risk management and uncertainty, how great forecasters are necessarily good at updating their predictions in the light of new data and evidence, how you can model this using Bayesian inference and the future of biometric sensing in sports betting. And, as always, much, much more. Please subscribe to the podcast on Itunes and give us a rating and review! Itunes Link: https://itunes.apple.com/us/podcast/5... This is the DataCamp podcast link and check it out for the show notes and other goodies: https://www.datacamp.com/community/po...