Steve Westfield, an AI guru and founder of leans.ai, shares his journey into the world of betting and how he developed an algorithm to beat the scammers in the sports handicapping industry. He discusses the challenges of making a living from betting and the importance of taking emotion out of the equation. Steve also explains how his AI algorithm differentiates itself from human handicappers and the potential applications of AI in other industries. He offers advice for those interested in betting and shares his marketing strategies for promoting his business.

Takeaways

Developing an AI algorithm can give a competitive edge in the sports handicapping industry.

Taking emotion out of betting and relying on statistical analysis and historical trends can lead to more successful outcomes.

The size of the betting market is significant, with millions of people placing bets each year.

Making a living from betting is challenging due to sportsbooks limiting the amount that successful bettors can wager.

Understanding human behavior and using AI to analyze data can provide valuable insights for betting strategies.

Marketing strategies should focus on targeting the right audience and building trust through transparency and performance.

Chapters

00:00 Introduction and Background

06:33 Creating an Algorithm to Beat the Scammers

08:07 Differentiating with AI

09:52 The Size of the Betting Market

13:21 The Challenge of Making a Living from Betting

17:43 Betting Philosophy and Strategies

20:26 Applying the Algorithm to Other Industries

24:40 Understanding Human Behavior for a Competitive Advantage

26:57 Expanding to Other Sports

30:14 Advice for Those Interested in Betting

34:34 Marketing and Promotion

39:08 Where to Find More Information

https://leans.ai/
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