They kept this up for five months, placing $50 bets around 30 times a week. And they were winning. After five months the team had made a profit of $957.50 -- a return of 8.5 per cent. But their streak was cut short. Following a series of several small wins, the trio were surprised to find that their accounts had been limited, restricting how much they could bet to as little as $1.25. The gambling industry has long restricted players who appear to show an edge over the house, says Mark Griffiths at Nottingham Trent University, UK.
The paper "illustrates how the sports gambling industry compensates market inefficiencies with discriminatory practices against successful clients," adds austro, noting that the researchers posted a paper explaining their methodology on arxiv last week. "They also made the dataset and source code available on github. And best of all, they made an online publicly available dashboard that shows a live list of bet recommendations on football matches based on their strategy here or here for anyone to try."