Some of you may have seen William Benter's video where he describes some of his work in the Hong Kong horse racing betting markets. Briefly he touches upon the statistical methods used.
In this video you get a better idea of a similar method using conditional logistic regression in a lecture given by Dr. Noah Silverman at UCLA. Although the good doctor is playing to an audience, there is no actual audience, which is a little off-putting but it doesn't detract from the content.
Additionally, comparisons are made between parallel processing on multi-core CPUs and massively parallel processing with GPUs.
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