Statistical Model in Excel - Bankroll Management for Sports Betting

€6-12 EUR / hour

Закрито

Опублікований

over 5 years ago

€6-12 EUR / hour

I am betting on sports with high volume. For this task you need to understand the basics of sports betting which I explain below and have a strong expertise in statistical modelling. The idea is to develop an understanding about my bankroll management – i.e. create an overview about my risk and size of drawdowns, risk of ruin and expected gains. Your analysis will be used to understand a) Risk and size of drawdowns b) Amount of money to be bet I would like to understand the statistical distribution about my scenario (normal distribution?) + be able to run Monte Carlo scenarios where I can actually analyze the differing outcomes. This should be all be done in Excel. The task: I would like a dynamic model developed in Excel where I can adjust the following parameters: - Average size of bets - Average Odds - Expected ROI - Bankroll - Turnover - Expected ROC From this dynamic model I want to understand my risk of ruin, my expected drawdowns and my potential gains. Based on the above I would like to understand how much further betting volume I can add over time without increasing my risk to lose (X% part) of my bankroll. Another model should be created for this. A graphical illustration with charts and histograms would be useful. Sports Betting basics: Odds: 10 Means: For every 1 EUR bet, you get 10 back, consequently you have 9 EUR gain if you win the bet or you have lost 1 EUR if the bet was lost. Odds of 10 means 1/10= 10% chance of winning the bet as per the bookmaker estimation (and of course 90% chance of losing the bet). Always the inverse of the odds is the probability. Turnover: If you bet for example 10 x 10 EUR = 100 EUR is your betting turnover ROI = Return on Investment. If you have for example an ROI of 5%, you expect to win 50 EUR for every 1000 EUR bet on average. If your betting turnover is 100 EUR, you expect to win 5 EUR. Bankroll = The amount of money you have to bet. If = 0, you’re bankrupt. ROC = Return on Capital. If your initial bankroll is 1000 EUR and you win 100 EUR, your ROC is 100/1000 = 10% Drawdown = Loss from top to bottom without reaching a new high Stake = Amount of money to be bet Risk of ruin = Risk of losing your total bankroll

R Programming Language

SPSS Statistics

Statistical Analysis

Statistics

ID проекту: 17574702

Про проект

15 пропозицій(-ї)

Дистанційний проект

Активність 6 yrs ago

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15 фрілансерів(-и) готові виконати цю роботу у середньому за €10 EUR/год.

@olaideejiwole

I have Masters degree in Economics and Statistics. I also have 7years of professional experience working as a Quantitative Analyst (in the field of Statistics). A professional statistical analyst seeking opportunity to provide highest quality services in the following areas of Statistics and Econometric. Looking for outstanding opportunities to apply my academic credentials coupled with my previous experiences. So get your statistical job done here ! I can do: 1. Statistical programming 2. Computing for Data Analysis 3. Time Series & Econometric 4. Economic Modeling 5. R language and Python 6. Academic data analysis and report writing. and also have expertise on SPSS, STATISTICA, SAS, Eviews, Minitab, Mathematica and MS Excel.

€12 EUR за 40 дні(-в)

4,8

(41 відгуки(-ів))

5,8

@schoudhary1553

Hello, Hope you are doing well. I can help with you in your project Statistical Model in Excel - Bankroll Management for Sports Betting. I can assure you the quality job. I have good experience in R Programming Language, SPSS Statistics, Statistical Analysis, Statistics. We have worked on several similar projects before! We have worked on 385+ Projects. Please check the profile reviews. I can deliver your job with in your deadline. Please ping me for more discussion. I can assure the 100% job satisfaction. Thanks,

€10 EUR за 40 дні(-в)

4,8

(22 відгуки(-ів))

5,6

@usmanhassan123

sir I got it your requirements. I am PhD in statistics having seven years of experience in Excel Models designing. sir I already designed many excel models like : Mortage Excel model. Waterfall Excel model. Pms excel model. sir I can deliver you dynamic model. you are at right place please contact with me.

€12 EUR за 3 дні(-в)

4,8

(32 відгуки(-ів))

5,1

@EngrShahidul

I am experience SPSS, Minitab. Excel. Presentation, Power pivot table, regression (Trend line) & correlation analysis, statistical test, linear programming, formula creation, graph creation and report writing. You may go through Finance Trading Statistical Analysis, Academic Research Paper and Water Bottle Market Survey file (https://www.freelancer.com/u/EngrShahidul.html), for my relevant skill please. Let me know your data and objective of study (requirement of analysis), so that I can think of job.

€10 EUR за 40 дні(-в)

4,9

(56 відгуки(-ів))

5,1

@alifarrukh786

I did not read your requirement in details, once you inbox me, I will read, plus I offer first hour free consultancy and after that, you can either hire me or look for another freelancer, skpy alifarrukh786

€10 EUR за 20 дні(-в)

5,0

(37 відгуки(-ів))

5,1

@Statxn

As an: 1- engineer in statistics and applied economic 2- specialized technician in Microsoft Office (graduated from Microsoft: Diploma MOS), I am available, able and ready to do this type of work in the best conditions.

€9 EUR за 40 дні(-в)

5,0

(45 відгуки(-ів))

5,2

@rajeshkumararora

Hello I have excellent background in maths and statistics and more than 20 years of experience in simulations that include MC analysis. I am confident of doing a good work for you. Thanks.

€10 EUR за 40 дні(-в)

4,9

(17 відгуки(-ів))

4,7

@herguz2017

Hi how are you I can help you in your project, I am a university professor in mathematics and calculus. I teach calculus classes at the University of Zulia in my country Venezuela. I can solve several multivariable calculus exercises in a few hours. Due to my experience of more than 20 years of teaching the calculus. I give you an offer with a low price, because I am starting my freelancer experience and I want to make myself known on the website. I have documents and credentials to verify my status as a university professor in the science faculty. Thank you

€10 EUR за 40 дні(-в)

5,0

(5 відгуки(-ів))

3,9

@prefectworld

---------- I have finished a staggering course of action undertaking on Data Processing, Mathematics, SPSS Statistics, Statistical Analysis, Statistics, Double coding and others. In the event that you are chasing down a master different writes Statistics, by then empathetically secure me for your satisfaction.

€12 EUR за 2 дні(-в)

3,7

(3 відгуки(-ів))

3,6

@androaiad

Hello dear, I am a M.Sc. Researcher. I am expert in Excel so I can help you for sure in your task. Thanks

€6 EUR за 25 дні(-в)

3,5

(3 відгуки(-ів))

2,7

@davidcastillo10

Hello, I am an actuary and I have knowledge and experience of statistics, montecarlo simulations, and I also have great experience working in excel and programming macros. I am willing to work on this project. Greetings.

€10 EUR за 40 дні(-в)

0,0

(0 відгуки(-ів))

0,0

@Translatron

I am a Six Sigma Master Black Belt and I believe I can generate this model

€12 EUR за 8 дні(-в)

0,0

(0 відгуки(-ів))

0,0

@dispet4er

Hello. Your project is very interesting for me) please check out my profile, there in Portfolio is a project really like yours. The difference is it was for building company. I think during design of this algorithm I can put there a couple more features) regards, Greg.

€7 EUR за 40 дні(-в)