Bentley Intelligence has also developed its own trading algorithm “Algol88”, based upon artificial intelligence (“AI”) which constantly refines and innovates the underlying assumptions and strategy. The trading system continuously evolves, and the self-learning algorithm develops with each trade. It uses statistics across all the major global leagues and the teams therein. It then calculates a probability and associated risk for the main betting markets (i.e. those with the greatest liquidity) and takes advantage of where Algol88’s assessment of the probability of a particular outcome is greater than those implied by the bookmaker’s odds. The trading team compile in-depth news and statistical analysis on world soccer, complimented by information from extensive contacts within the sport itself and the media. This information, supported by the algorithm, allows the trader to place trades at the best prices available.
The algorithm then makes use of the liquidity in global soccer markets to assess where trades should be placed. Working closely with major European and Asian bookmakers, the trading team uses the results to maximise profits and reduce trading risk.