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Explore how Kalman filters, a technique from rocket science, are applied to predict NBA game outcomes and generate profitable betting markets. Learn about the importance of up-to-date player and team skill ratings, and how even small differences in probability estimates can significantly impact profitability. Discover the Databricks pipelines used to generate these ratings, including event-driven systems utilizing Databricks Workflows and Delta Lake CDF. Gain insights into the end-to-end process of creating accurate probabilities for bookmaking in this 32-minute conference talk presented by Robert Barnes and Siu Fai Hsu from DraftKings at a Databricks event.
