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At a functional level, the goal of a model is to highlight profitable betting opportunities by being more accurate than a bookmaker.
Needless to say, building a successful sports betting model is not easy.
Bookmakers usually have their own model in order to create betting lines, so the goal for a personal betting model would be to create a better, more efficient one.
What is the goal of the model? Why are you building a sports betting model? What sport? What advantage are you looking for? Pick a metric - What numbers are you using in order to reach your goal? Collect and modify data - Collect the needed numbers for your model.
Choose a type of model - This usually depends on the kind of stats you use.
Monitor results - Check the results on upcoming matchups and see how they turn out over a period of time.
There's a reason betting models are only common for sportsbooks or full-time bettors.
However, if you find a fault in the betting odds and have the capabilities, a betting model is a good way to turn a net positive.
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