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Re:Ask HN: Those making $500/month on side projects in 2022 ... by insaider on Wednesday January 19, 2022 @08:55PM (#30003293)
I make $3-5k a month with my golf betting algorithm: https://www.golfforecast.co.uk

I'm a data scientist/software engineer and I started the project 5 years ago as part of my masters thesis. Never intended for it to be gambling-oriented but that's just the best way to monetise!

Questions/feedback appreciated - cheers

Re:Ask HN: Those making $500/month on side projects in 2022 ... by Loocid on Thursday January 20, 2022 @01:52AM (#30005637)
I'm always skeptical about these sorts of products. If the edge you have is real, why not just bet yourself? Theoretically each client you get lowers the edge of all other clients. If you have enough people following your tips, the lines will move. Sports betting is just another market after all.
Re:Ask HN: Those making $500/month on side projects in 2022 ... by insaider on Thursday January 20, 2022 @03:40AM (#30006364)
I do bet myself. I think there will always be enough people who just bet for fun without any system to offset such effects, but it's a good point.
Re:Ask HN: Those making $500/month on side projects in 2022 ... by riantogo on Thursday January 20, 2022 @12:42AM (#30005177)
In the UK are you able to straight up create a gambling website/app? As an example, could I create a blackjack app and accept/payout money using, say, paypal or stripe? No other hoops to jump through?
Re:Ask HN: Those making $500/month on side projects in 2022 ... by insaider on Thursday January 20, 2022 @03:35AM (#30006345)
You would need a gambling license for that which is quite expensive. My site doesn't facilitate gambling, I'm not a bookmaker, I just give tips.
Re:Ask HN: Those making $500/month on side projects in 2022 ... by zeepzeep on Thursday January 20, 2022 @01:45AM (#30005603)
As long as you don't have a UK company...
Re:Ask HN: Those making $500/month on side projects in 2022 ... by msaharia on Wednesday January 19, 2022 @11:23PM (#30004595)
Looks cool! What kind of models are you using? I would have thought this is a very tight space. Did you develop the models yourself?
Re:Ask HN: Those making $500/month on side projects in 2022 ... by insaider on Wednesday January 19, 2022 @11:32PM (#30004674)
Thanks! Yea there's lots of competition for sure. It was originally just XGBoost and ARIMA, now it's an ensemble of several.