{"id":1793,"date":"2022-10-17T02:58:44","date_gmt":"2022-10-16T15:58:44","guid":{"rendered":"https:\/\/www.betfair.com.au\/hub\/?p=1793"},"modified":"2025-02-25T13:56:51","modified_gmt":"2025-02-25T02:56:51","slug":"modelling","status":"publish","type":"post","link":"https:\/\/www.betfair.com.au\/hub\/education\/modelling\/","title":{"rendered":"HOW TO: MODELLING"},"content":{"rendered":"<div class=\"education-content border-b pb-10 block\">\n            <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width relative\">\n          <h2 class=\"font-bold font-montserrat text-xl lg:text-[26px] text-bf-yellow text-center md:text-left uppercase\">How To: Modelling<\/h2>\n        <\/div>\n      <\/div>\n    \n    \n    \n    \n          \n          <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width\">\n          <p>Want to learn how to create your own predictive model using sports or racing data, but you don\u2019t know where to start? We\u2019re here to help.<\/p>\n<p>The Data Scientists at Betfair have put together the first few steps we suggest you take to get you started on your data modelling journey. We also run occasional data modelling workshops to help you get the basics down \u2013\u00a0<a href=\"mailto:bdp@betfair.com.au\"><span style=\"text-decoration: underline\">reach out and let us k<\/span>now<\/a>\u00a0if you\u2019re interested in being notified about upcoming data events.<\/p>\n\n        <\/div>\n      <\/div>\n    \n    \n    \n                <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width relative\">\n          <h2 class=\"font-bold font-montserrat text-xl lg:text-[26px] text-bf-yellow text-center md:text-left uppercase\">Choose your language<\/h2>\n        <\/div>\n      <\/div>\n    \n    \n    \n    \n          \n          <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width\">\n          <p>There are lots of programming languages to choose from. For our data modelling workshops we work in R and Python, as they\u2019re both relatively easy to learn and designed for working with data.<\/p>\n<p>If you\u2019re new to these languages, here are some resources that will help get you set up.<\/p>\n<h3 id=\"language-1-r\">Language 1: R<\/h3>\n<ul>\n<li><span style=\"text-decoration: underline\"><a href=\"https:\/\/www.r-project.org\/about.html\">What is R?<\/a><\/span><\/li>\n<li><span style=\"text-decoration: underline\"><a href=\"https:\/\/cran.ms.unimelb.edu.au\/\">Download and install R<\/a><\/span>\u00a0\u2013 get the language set up on your computer<\/li>\n<li><a href=\"https:\/\/www.rstudio.com\/\"><span style=\"text-decoration: underline\">Download and install RStudio<\/span><\/a>\u00a0\u2013 you\u2019ll need a program to develop in, and this one is custom-designed to work with R<\/li>\n<li>Take a look at the some of the existing R libraries you can use if you want to connect to our API, including\u00a0<span style=\"text-decoration: underline\"><a href=\"https:\/\/github.com\/phillc73\/abettor\">abettor<\/a><\/span>\u00a0and our\u00a0<span style=\"text-decoration: underline\"><a href=\"https:\/\/betfair-datascientists.github.io\/api\/apiRtutorial.md\">Data Scientists\u2019 R repo<\/a><\/span>.<\/li>\n<\/ul>\n<h3 id=\"language-2-python\">Language 2: Python<\/h3>\n<ul>\n<li><span style=\"text-decoration: underline\"><a href=\"https:\/\/www.python.org\/\">What is Python?<\/a><\/span><\/li>\n<li><a href=\"https:\/\/www.anaconda.com\/download\/\"><span style=\"text-decoration: underline\">Download and install Anaconda\u00a0Distribution<\/span><\/a> \u2013 this will install Python and a heap of data science packages along with it<\/li>\n<\/ul>\n\n        <\/div>\n      <\/div>\n    \n    \n    \n                <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width relative\">\n          <h2 class=\"font-bold font-montserrat text-xl lg:text-[26px] text-bf-yellow text-center md:text-left uppercase\">Find a data source<\/h2>\n        <\/div>\n      <\/div>\n    \n    \n    \n    \n          \n          <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width\">\n          <p>Finding quality data is crucial to being able to create a successful model. We have lots of\u00a0<a href=\"https:\/\/www.betfair.com.au\/hub\/education\/how-to-model\/historical-data-sources\/\"><span style=\"text-decoration: underline\">historical<\/span> Exchange data<\/a>\u00a0that we\u2019re happy to share, and there are lots of other sources of sports or racing specific data available online, depending on what you\u2019re looking for.<\/p>\n<p>For our workshops we use historical NBA odds data from the Exchange <span style=\"text-decoration: underline\">(<a href=\"https:\/\/betfair-datascientists.github.io\/modelling\/assets\/BetfairNBAOdds.csv\">which you can download directly from here<\/a>),<\/span> along with NBA game data from a variety of sources including:<\/p>\n<ul>\n<li><span style=\"text-decoration: underline\"><a href=\"http:\/\/www.espn.com\/nba\/\">ESPN.com<\/a><\/span><\/li>\n<li><span style=\"text-decoration: underline\"><a href=\"http:\/\/stats.nba.com\/\">NBA.com<\/a><\/span><\/li>\n<li><span style=\"text-decoration: underline\"><a href=\"https:\/\/www.basketball-reference.com\/\">basketball-reference.com<\/a><\/span><\/li>\n<li><span style=\"text-decoration: underline\"><a href=\"https:\/\/api.stattleship.com\/\">Stattleship\u2019s API<\/a><\/span><\/li>\n<\/ul>\n\n        <\/div>\n      <\/div>\n    \n    \n    \n                <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width relative\">\n          <h2 class=\"font-bold font-montserrat text-xl lg:text-[26px] text-bf-yellow text-center md:text-left uppercase\">Learn to Program<\/h2>\n        <\/div>\n      <\/div>\n    \n    \n    \n    \n          \n          <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width\">\n          <p>Okay, so easier said than done, but you don&#8217;t actually need a high level of programming knowledge to be able to build a decent model, and there are so many excellent resources available online that the barrier to entry is much lower than it&#8217;s been in the past.<\/p>\n<p>These are some of our favourites if you want to learn to use R or Python for data modelling:<\/p>\n<ul>\n<li><a href=\"https:\/\/www.dataquest.io\/\">Dataquest<\/a> \u2013 free coding resource for learning both Python and R for data science<\/li>\n<li><a href=\"https:\/\/www.datacamp.com\/\">Datacamp<\/a> \u00a0\u2013 another popular free resource to learn both R and Python for data science<\/li>\n<li><a href=\"https:\/\/www.codecademy.com\/\">Codeacademy<\/a> \u2013 free online programming courses with community engagement<\/li>\n<\/ul>\n<p>We&#8217;ve also shared a\u00a0<span style=\"text-decoration: underline\"><a href=\"https:\/\/betfair-datascientists.github.io\/api\/apiRtutorial\">R repo for connecting with our API<\/a><\/span>, which might make that part of the learning process easier for you, if you go down that path.<\/p>\n\n        <\/div>\n      <\/div>\n    \n    \n    \n                <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width relative\">\n          <h2 class=\"font-bold font-montserrat text-xl lg:text-[26px] text-bf-yellow text-center md:text-left uppercase\">Learn How To Model Data<\/h2>\n        <\/div>\n      <\/div>\n    \n    \n    \n    \n          \n          <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width\">\n          <p>There are lots of resources available online but here are modelling tutorials we&#8217;ve put together using <a href=\"https:\/\/betfair-datascientists.github.io\/modelling\/AFLmodellingPython\/\"><span style=\"text-decoration: underline\">AFL<\/span><\/a> and <a href=\"https:\/\/betfair-datascientists.github.io\/modelling\/soccerEloTutorialR\/\"><span style=\"text-decoration: underline\">soccer<\/span><\/a> data which will\u00a0give you an introduction to some of the different approaches you can take to modelling data<\/p>\n\n        <\/div>\n      <\/div>\n    \n    \n    \n                <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width relative\">\n          <h2 class=\"font-bold font-montserrat text-xl lg:text-[26px] text-bf-yellow text-center md:text-left uppercase\">Get Your Hands Dirty<\/h2>\n        <\/div>\n      <\/div>\n    \n    \n    \n    \n          \n          <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width\">\n          <p>The best way to learn is by doing. Make sure you have a solid foundation knowledge to work from, then get excited, get your hands dirty and see what you can create! Here are a final few thoughts to help you decide where to from here:<\/p>\n<ul>\n<li>Learn about the importance of\u00a0<a href=\"https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/introduction-to-horse-ratings\/\">ratings and prices<\/a>\u00a0and get inspired by the\u00a0<span style=\"text-decoration: underline\"><a href=\"https:\/\/www.betfair.com.au\/hub\/category\/models\/\">models<\/a><\/span>\u00a0created by our Data Scientists<\/li>\n<li>Consider how you could use our\u00a0<span style=\"text-decoration: underline\"><a href=\"https:\/\/betfair-datascientists.github.io\/api\/apiappkey\">API<\/a><\/span>\u00a0in building and automating your model<\/li>\n<li>Read about how successful one of our customers has been in their <a href=\"https:\/\/www.betfair.com.au\/hub\/education\/punter-insights\/pro-punters-paul-smith\/\">modelling <span style=\"text-decoration: underline\">journeys<\/span><\/a><\/li>\n<\/ul>\n\n        <\/div>\n      <\/div>\n    \n    \n    \n          \n    \n    \n    \n          <div class=\"marketing-banner block\" data-segment-id=\"banner-container\"\n          data-banner-details=\"{&quot;bannerName&quot;:&quot;Join Now&quot;}\"\n        >\n    <div class=\"container reduced-width\">\n      <div class=\"py-4\">\n\n                  <a href=\"https:\/\/register.betfair.com.au\/account\/registration\/\" target=\"\" data-segment-id=\"banner-a-tag\" data-banner-all=\"{&quot;segmentData&quot;:&quot;{\\&quot;bannerName\\&quot;:\\&quot;Join Now\\&quot;}&quot;,&quot;image&quot;:&quot;&lt;img width=\\&quot;2050\\&quot; 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We have the information.<\/p>\n","protected":false},"author":33,"featured_media":49150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"tipster_notification_checkbox":false,"send_notification":false,"footnotes":""},"categories":[22,42],"tags":[],"brand":[],"class_list":["post-1793","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education","category-betfair-advanced"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.5 (Yoast SEO v24.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Betfair Data Modelling | Betfair Education | Betfair Hub<\/title>\n<meta name=\"description\" content=\"If you would like to know how predictive modelling works, and how to set it up for yourself? 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