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BetBox main goal is approaching sports betting market in a functional, rational and systematic way, removing emotionality, which makes this field perceived so unsecure and obscure.
Two years after launch, BetBox, the world’s first AI-driven Sports betting hedge fund based in Gibraltar, is approaching the landscape bringing the power of Machine Learning and Deep Neural Networks, to turn Sports Betting into an alternative asset class.
BetBox is a collective intelligence method for gambling on Sports aimed at providing precise evaluation of games outcomes probability. This method learns from the collective intelligence provided by online bookmakers in order to bet against the weakest predictor. Moreover, thanks to the Kelly criterion, it optimizes the bets distribution over multiple online bookmakers to maximize the margin of win and to minimize the risk of loss.
“Artificial intelligence plays a crucial role in this game – BetBox co-founder Fabrizio Malfanti says – in modern gambling Machine Learning algorithm are extensively used for incrementing the prediction hit rate”.
Rather than Financial theories, BetBox approach is rooted in science and implemented by a large team of researchers with backgrounds ranging from physics to computational math so more than 5,000,000 pieces of information are daily ingested “to reach the predicative capacity of every single bookmaker and finally playing against the weakest estimates”- Malfanti adds. BetBox, which has developed a large amount of proprietary technology and algorithms, finding knowledge in unstructured data and sitting at the core of the trading activity, in December the 5th is starting an Initial Cryptocurrencies Offer (ICO) campaign, using crypto-currencies to raise capital to refine the investment operations the Hedge Fund is carrying out.
“Artificial Intelligence has enabled algo-trading exponentially and removed the tedious and laborious complexities, giving Funds the time to focus on what they do best, leaving the manual tasks for AI” said Francesco Magagnini, BetBox co-Founder.
BetBox uses technology in an effort to constantly refine investment process and insights into how the markets will behave. Risk is a living thing in business, and BetBox watch over it carefully.
Company name: BetBox
Company site: http://betbox.ai/
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