Scrape Betting Odds to Predict the 2018 World Cup Winner

The 2018 FIFA World Cup is around the corner, which will be held in Russia from June 14th to July 15th. There are many ways to predict the winner, among which scraping the dynamic betting odds from the online betting websites is the easiest and most efficient approach. Based on the updating odds collected, we could do further analysis and make prediction/decisions, faster and easier.

 

In this article, I would like to address following three questions:

  • Why should we scrape betting odds?
  • How could we scrape betting odds with Octoparse?
  • How could we automate the updating betting odds into our database consistently?

 

Why Scrape Betting Odds?

Professional betting agencies make their fortune by calculating their betting odds in a way, which maximizes their profits and minimizes their risks. They get the most comprehensive information to do their prediction and then adjust their odds.

On one hand, the changing track of the betting odds reflects where people make their bets, as the more they bet on, the lower the odd is; on the other hand, betting agencies will also autonomously adjust their betting odds to maximize their profit, like lowering down the odds of the winner to avoid losing much money. 

Beyond this, find out the degree of the correlation between the betting agencies’ odds and the actual match outcome is also important. We can scrape the betting agencies’ reported odds and the level of favored outcomes within each game, then compared them to the actual match outcomes. Therefore, we can evaluate the value of the betting agencies’ odds. 

 

How Could We Scrape Betting Odds?

In this article, I will show you how to scrape the betting odds from an odds comparison site. You are also able to download the scraping task to run it on your end.

To follow through, you gonna have an Octoparse account and download the free app to your computer.

 

Step1: Create the Task and Open the Web

1.1. We will create the task with Advanced Mode, then enter the URL of the betting website. And then click "Save URL" at the bottom of the interface.

 

 

1.2. Toggle the "Workflow" button, which allows us to check our workflow conveniently.

 

 

Step 2: Select the Data and Extract

2.1. In the built-in browser, click on one country name and then click on the expansion button  at the bottom of the "Action Tips", so Octoparse will expand the selection "TD" to "TR", which means selecting the entire row.

 

2.2. "Select all sub-elements" in the "Action Tips", it means Octoparse is selecting all the data in this row.

 

2.3. "Select all" in the "Action Tips", then Octoparse will select all the data in all the rows in this table. Then select "Extract data".

     

Now Octoparse will auto-generate all the data from the row into the data field. 

Step 3: Filtering the Data Extracted or Re-select Each Data Field Manually

3.1. In this example, I re-select all the data fields manually. After deleting all the data fields which are automatically generated, click on the data that we want to collect in the row, then select "Extract text of the selected element" from the "Action Tips". Repeat the same steps to extract other data(odds) in the row one by one. 

 

 

 

3.2. Edit the field name and customize the data field if needed. Then click "OK" to save all the settings.

  

Tips: We could add the current time of extraction by clicking on "Add predefined fields" at the bottom of the "Data field".

 

Step 4: Run the Scraper and Get the Data

The overall workflow is completed. Just Click on "Save" and "Start Extraction", we will get the betting odds.

   

When the data extraction is finished, we could export to Excel, CSV or database for further analysis.

 

 

 

How Could We Automate the Updating Betting Odds into Database Consistently?

There are two solutions in Octoparse to automate the dynamic betting odds to our database/system.

 

Solution A: Standard Plan

First, schedule the task in Cloud Extraction at the frequency we want, even at 5 mins interval. Then the task will run at 5 mins interval automatically. This function is critically important when the match is ongoing, as the betting odds will change dramatically at that time.

Second, connect to Octoparse API. In this way, we can have the extracted data delivered automatically to our database in real time, without accessing the Octoparse App.

 

Solution B: Professional Plan

Connecting to Octoparse Advanced API could control the task (run or stop) and get the data from our system. 

Beyond this, we could have more crawlers, up to 250, and 20 concurrent cloud extraction tasks. It means we could import the dynamic data (betting odds or team information) to our database from up to 20 sources/websites.

 

Conclusion

The value of the scraping tool is to allow us to extract web data at a large amount, on different websites and at any time, easier and faster. With the same method, we could scrape data information from other websites to add to our dataset. So we could build up the metrics and do our own combinative analysis to predict the winner.

Don't forget to share with us about your own analytic outcome of the most likely winner of 2018 FIFA World Cup. If you have any difficulties in building the scraper, just drop us a message.

 

 

Happy Data Hunting!

 

Related Resources

Extracting dynamic data with Octoparse

Schedule/run the task in the cloud

Create your first scraper with Octoparse