I think you would be better off using more well known statistics for betting (ie. multivariate regressions, t-tests, etc..). These stats methods are less of a black box than ML (neural networks, etc..) so you'll be able to understand why they have chosen specific bets and you'll be able to tweak them easier.

ML is often just stats under the hood in most cases -- I think I am targeting neural networks specifically with this comment.