Algorithm Optimization for Dynamic Sports Bidding Strategy

Project Report on DYNAMIC ASTRACT STRATEGY EVOLUTIONARY ALGORITM

BASED OPPTIMIZATION TECHNICS

The determination of optimised bidding methods in a competitive market in order to

maximise each bidder's profit is a challenge. The tenders are inherently dynamic. Each plan
was against the franchisees by default. Therefore, after each bid, they had to reorder and react
with a different plan by considering if the bid favoured them or not. Selection uncertainties
represent a severe difficulty. The franchises cannot understand this phenomenon very much.

In a competitive market, the project aims at establishing the optimum bidding methods to
maximise each bidder's profit during an innovative economic game. The aim is to design an
objective function for the efficient biding strategy and to implement the evolutionary
optimisation approaches based on the algorithm to resolve the objective role of the model and
to comply with the limitations of effective bids. Another objective function is utilised to
investigate the implications of bidding increases on the selection of strategic bids.

The objectives set through the use of evolutionary algorithms such as genetic algorithms and
the optimization of particle swarm are resolved. The evolutionary algorithm is a way to solve
both restricted and uncomplicated issues using optimisation. This method is based on a
naturally occurring selection process to imitate biological development. The algorithm
changes a group of solutions constantly. Different parameter sets such as population and
scaling function are tested for the genetic algorithm. This is done to determine the parameters
that help to create the best sets of values. Optimization of particle swarm is an algorithm
based on a population. It consists of a collection of persons known as particles. These
particles move across a region in phases. The optimization algorithm for particles is tested for
many factors like population, speeds, etc. This is done to determine the parameters that help
to create the best collection of values. Finally, the performance of the evolutionary algorithms
employed to solve the objective function formulated is assessed.

Chapter 1

Presentation

1.1 Analytics requirement

Conservative methodologies have been applied to every sport in the past. The top leaders,
front office staff, and coach all made significant decisions by the think tank. Instead of logical
thinking, the decision was stressed more. But Oakland Athletics, which has been regarded as
tradition throughout history, soon changed its name from baseball team. An underdog team
with minimal financial resources cannot equal the likes of the silver spoon fed club, Oakland
Athletics. But it used a "Sabermetrics" methodology. This is the first book to highlight the
progress on analytical teams and evidence. This methodology called Sabermetric helped build
a winning baseball team. This enabled to compete with other cash giants by Oakland
Athletics, a team with poor earnings. First, Billy Beane created winning teams with modest
funds by picking underestimated individuals whose potential was evaluated by sabermetrics.
This was the first time in sports history data rather than intestinal emotion were given
considerable significance. The book "Moneyball: The Art of winning an Unfair Game" was
written by Michael Lewis, a prominent novelist. It was later produced in a film named
"Moneyball," with Brad Pitt and Jonah Hill and was nominated for 6 academy awards. This
work was published.

While sport analytics have developed quickly, cricket was not the case. The need for cricket
analytics grew correspondingly because of the expansion of T20's. In the optimum squad
selection of any sport, sport analytics play a large part. Some of the challenges resolved by
them include the standing and specialised skills of individual players, the composition of
teams of dedicated talents optimally balanced, the team rankings, contract negotiations and
the formulation of winning games and competitions plans.

Each sports team has today crunched stats in order to get a short overview of the game.
Teams have a specialist department for analytical research to give the opponent a boost. They
were also found to scan every available kind of data including coach notes that turn it into
excellent tables in order to obtain comprehensive data. This tendency to use sports analytics
began to rise. This contributed to improve the team's field performance. Some teams have
even embraced analytics as a key tactic with the support of coaches, managers and trainers.
Analytics have the common notion that large gains on and off the ground will result.

Cricket introduction

The first sports to apply analytics in the United States of America. They used this statistical
information to decide better. Sports such as baseball and football were characterised by this.
At the same time, analytics has not changed another competitive sport such as cricket. Cricket
is played on an oval playfield and is the only major international sport, apart from baseball,
which does not specify a precise size of the playfield. The primary action is taking place in
the middle of the big playground on a rectangular 22-yard area called the pitch. A ball, bat,
stumps and protective gear are the play equipment. The main facilities of the teams are a ball
and a bat. Each side plays on a cricket pitch with a set of 11 players. The adversaries bowl
and field as a team hit. The side with the bat openers has the maximum runs, while the team
leader needs to limit the score runs. The innings are called each stage of the game. An input
comes if a defined amount of overheads is exhausting or if the batting team reports their
inputs, or all the ten wickets are lost. They swap their respective roles when this happens. The
team that overtakes the maximum ranking of opponents or the team that restricts opponents to
the target rankings is the winner.

When a match starts, the field is filled with two team batsmen and eleven opposing team field
men. The match begins when a field bowler bowls a ball from one part to the other, where a
batter is ready to face the ball. The bath man is in front of the bowler's ball. The striker is
named this batsman. The other batsman, who is called a non-striker, stands next to the
bowling end. The striker should avoid hitting the ball with his bat. The main aim, though, is
to make sure that the ball runs sufficiently well to cross the border or if it could go between
the wickets. At the opposite side of the pitch, near the bowler, the other batsman, known as
the non-striker. The runs are recorded if a batter strikes the ball hard enough to cross the
border or when the two bathers at the pit end, i.e. the striker and the non-stop exchange, when
the length of the pitch is running in opposing directions while the balls are picked up. If you
run a race, the non-starter will be the striker. If a folder gets the ball as soon as possible to put
it down with a batsman not reaching the pitch at that end, then the batsman is dismissed. It's
known as a downhill. But the batsman has to leave after he loses a wicket. He leaves the field
and gives the next batsman the purity to score. The goal of the bowler is to prevent the
batman, with its principal goal, from scoring runs. There are six deliveries that have been
bowled by the same bowler. The next round is filled with a different bowler from the other
end of the ground. Two arbitrators are involved in the arbitration of the match processes on
the ground.

The other sorts of rejection are a caught bowling, one lbw. The bowling occurs when the
bowler hits a ball and knocks the flashes in the bowls. LBW is also known as the leg before
the wicket occurs when the batsmen defend their body against using their bat. When the
batsman strikes the ball into the air, it is captured, before it touches on the ground, by a
folder.

The number of days they are played is defined by cricket. The three ratings are a test cricket,
an international one-day cricket and T20 International. Test Cricket takes place over a period
of 5 days between the two sides. One day there were two teams playing international cricket.
However, every side will play up to 50 overheads. Two teams play an international cricket
T20. But every team plays up to 20 excesses. In the last decade and so, the CKICKET has
undergone several adjustments to make the game among the masses more popular. However,
cricket reaches also spread or develop to non-cricket countries. Since its beginning, the
Indian Premier League has been a revelation. The major use of 20 over format began a
revolution in cricket. This is also the first time in cricket history that cricket auctioning for
healthy contests was established.

1.3 Bidding Dynamics

With a large warm reception, the IPL is welcome. Players in IPL are purchased for the
auction. The offering procedures are inherently dynamic. The franchises were opposed to
every plan that was predetermined. Consequently, they had to change and respond to each
tender with a different strategy by considering whether or not the offer was in their favour.
There are major problems with the uncertainty in the selections. For example, Yuvaraja
Singh, a renowned allrounder, was the most expensive acquisition of the Rs. 16 crores. You
had a player overplayed. They might have easily purchased a more affordable alternative
talent package. The challenge of bidding begins here when franchising companies know their
financial constraints. You must confront the problem in a dynamic setting, in which you must
choose the best possible solution. This dilemma is seen as a strategic issue of bidding. There
are numerous ways of solving this problem, but mainly three approaches, first by estimating
market price clearing. Secondly, the theory of games and thirdly, the rival's tender approach is
estimated. The major work of this research is to apply evolutionary algorithms to tackle the
problem of the tender strategy.