{"id":2699,"date":"2010-09-20T18:34:55","date_gmt":"2010-09-20T17:34:55","guid":{"rendered":"http:\/\/www.betangel.com\/blog_wp\/?p=2699"},"modified":"2012-03-21T08:21:52","modified_gmt":"2012-03-21T08:21:52","slug":"a-bit-of-a-eureka-moment","status":"publish","type":"post","link":"https:\/\/www.betfairtradingblog.com\/blog_wp\/2010\/09\/20\/a-bit-of-a-eureka-moment\/","title":{"rendered":"A bit of a eureka moment.."},"content":{"rendered":"<p>For some time I&#8217;ve been working on a modelling spreadsheet. On and off I&#8217;ve dabbled with it for a few years when time permitted. The aim is to produce a better tool for forecasting value. Predicting the future is always tough and I&#8217;ve been searching for a solution to a complicated forecasting problem. I&#8217;ve got close, but not enough for a clear &#8216;victory&#8217;.<\/p>\n<p>Sat in bed on Saturday evening with my iPad, I was getting a bit bored of the book I was reading. So I just randomly searched, again, for a solution to my problem. After bouncing from one site to another I suddenly found an article. For some reason, after reading the article, the solution just suddenly popped into my head and I could see it with crystal clarity. I jumped out of bed grabbed a notebook and jotted down some thoughts.<\/p>\n<p>On Sunday morning I got up and immediately put my thoughts to work on a spreadsheet. Soon after out popped the final solution, right in front of my eyes. It was obvious when I looked at it, but for some reason the solution has escaped me for ages. It was a huge moment having struggled for years to nail it. It&#8217;s beyond the scope of the blog to explain what I found in simple terms, but essentially I have been searching for some key fundemantal factors on which to base the start of the forcast. Now I&#8217;ve done that, I need to understand it a bit more.<\/p>\n<p>It may make the basis of a future product, if it proves useful. But that will be a least a year away. The moral of this story, never give up searching for a solution. Whatever you are searching for.<\/p>\n<div style=\"width: 310px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" title=\"An archimedes moment\" src=\"https:\/\/thedailymind.com\/wp-content\/uploads\/2008\/05\/archimedes.jpg\" alt=\"\" width=\"300\" height=\"404\" \/><p class=\"wp-caption-text\">An archimedes moment<\/p><\/div>\n<p style=\"text-align: center;\">\u00a0<\/p>\n<div class=\"pvc_clear\"><\/div>\n<p id=\"pvc_stats_2699\" class=\"pvc_stats all  \" data-element-id=\"2699\" style=\"\"><i class=\"pvc-stats-icon medium\" aria-hidden=\"true\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\" class=\"svg-inline--fa fa-chart-bar fa-w-16 fa-2x\"><path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 16-16v-16c0-8.84-7.16-16-16-16zm-387.2-48h22.4c6.4 0 12.8-6.4 12.8-12.8v-70.4c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v70.4c0 6.4 6.4 12.8 12.8 12.8z\" class=\"\"><\/path><\/svg><\/i> <img loading=\"lazy\" decoding=\"async\" width=\"16\" height=\"16\" alt=\"Loading\" src=\"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-content\/plugins\/page-views-count\/ajax-loader-2x.gif\" border=0 \/><\/p>\n<div class=\"pvc_clear\"><\/div>\n\n<div class=\"twitter-share\"><a href=\"https:\/\/twitter.com\/intent\/tweet?via=betangel\" class=\"twitter-share-button\">Tweet<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>For some time I&#8217;ve been working on a modelling spreadsheet. On and off I&#8217;ve dabbled with it for a few years when time permitted. The aim is to produce a better tool for forecasting value. Predicting the future is always tough and I&#8217;ve been searching for a solution to a complicated forecasting problem. I&#8217;ve got [&hellip;]<\/p>\n<div class=\"pvc_clear\"><\/div>\n<p id=\"pvc_stats_2699\" class=\"pvc_stats all  \" data-element-id=\"2699\" style=\"\"><i class=\"pvc-stats-icon medium\" aria-hidden=\"true\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\" class=\"svg-inline--fa fa-chart-bar fa-w-16 fa-2x\"><path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 16-16v-16c0-8.84-7.16-16-16-16zm-387.2-48h22.4c6.4 0 12.8-6.4 12.8-12.8v-70.4c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v70.4c0 6.4 6.4 12.8 12.8 12.8z\" class=\"\"><\/path><\/svg><\/i> <img loading=\"lazy\" decoding=\"async\" width=\"16\" height=\"16\" alt=\"Loading\" src=\"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-content\/plugins\/page-views-count\/ajax-loader-2x.gif\" border=0 \/><\/p>\n<div class=\"pvc_clear\"><\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1421,1422],"tags":[644,642,643],"class_list":["post-2699","post","type-post","status-publish","format-standard","hentry","category-general","category-strategies-2","tag-archimedes","tag-eureka","tag-forecasting"],"_links":{"self":[{"href":"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-json\/wp\/v2\/posts\/2699"}],"collection":[{"href":"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-json\/wp\/v2\/comments?post=2699"}],"version-history":[{"count":2,"href":"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-json\/wp\/v2\/posts\/2699\/revisions"}],"predecessor-version":[{"id":5909,"href":"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-json\/wp\/v2\/posts\/2699\/revisions\/5909"}],"wp:attachment":[{"href":"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-json\/wp\/v2\/media?parent=2699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-json\/wp\/v2\/categories?post=2699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.betfairtradingblog.com\/blog_wp\/wp-json\/wp\/v2\/tags?post=2699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}