The Use of Forensic Statistics to Identify Corruption in Sport
The world we live in has changed immeasurably during the last quarter of a century. The role computers have played as a catalyst for this change in modern society cannot be overstated. Soon after the advent of the Internet came social media, which was followed by the dawn of the so-called era of big data, and all of this has happened in less than half a century since Bill Gates and his friends were toying with transistors and capacitors in creating what would eventually become Microsoft and Apple. The era of big data has meant that in recent times, the status of statisticians, analysts and “quants” has been elevated to such heights that interrogating data is now a core activity of mega-corporations like Google and Facebook. Financial markets have long used analysts to help gain an edge over competitors and better build portfolios which balance returns and risk, and so it is no surprise that another type of financial market, the global market on sports betting, is also employing statistics to gain an edge.
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