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5 - Is This Bum Any Good?

Published online by Cambridge University Press:  17 August 2009

Steven S. Skiena
Affiliation:
State University of New York, Stony Brook
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Summary

Every morning at 2 A.M., as professors sleep and graduate students arrive to pull all-nighters, my computer diligently makes the rounds of the Websites of all major frontons, downloading the latest schedules and results and then running these files through Dario's parsing programs. After a few months of retrieval we had built a large-enough collection of jai alai data to justify some serious analysis. Our goal was to use all this data to measure the relative abilities of jai alai players and incorporate this information into our Monte Carlo simulation to make customized predictions for each match.

To get this job done, I had to bring another student on to the project, Meena Nagarajan. Meena was a different type of student than Dario. As a married woman with a young child, she realized that there are other things to life besides computers. She was returning to school to get her master's degree with the express goal of getting a lucrative job with a financial services company associated with Wall Street, as indeed she ultimately did. She realized that building a program-trading system for jai alai was a great way to learn how to build one for trading stocks, and she therefore signed on to work on the project.

Her undergraduate degree back in India was in applied mathematics; thus, she brought to the table an understanding of the meaning and limitations of statistics.

Type
Chapter
Information
Calculated Bets
Computers, Gambling, and Mathematical Modeling to Win
, pp. 85 - 108
Publisher: Cambridge University Press
Print publication year: 2001

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  • Is This Bum Any Good?
  • Steven S. Skiena, State University of New York, Stony Brook
  • Book: Calculated Bets
  • Online publication: 17 August 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511547089.006
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  • Is This Bum Any Good?
  • Steven S. Skiena, State University of New York, Stony Brook
  • Book: Calculated Bets
  • Online publication: 17 August 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511547089.006
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Is This Bum Any Good?
  • Steven S. Skiena, State University of New York, Stony Brook
  • Book: Calculated Bets
  • Online publication: 17 August 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511547089.006
Available formats
×