12 results about "Odds" patented technology

A method and system for using artificial intelligence (AI) to assess and adjust the betting odds for live game wagers before they are presented to users based correlations between various parameters and user betting behavior, and to adjust the betting odds while the betting window is open based on how users are currently betting compared to expected user betting behavior.

A method of monitoring user behavior to adjust betting odds based upon that behavior or to identify users who may be cheating, where users are subscribers of a proprietary data management and analytic software system / wagering platform. The system monitors users' behavior for deviations from their normal betting habits or patterns to detect cheating and lower the threshold for winning when user patterns change.

Embodiments include utilizing artificial intelligence and / or machine learning to produce sports analytics based on historical score data for specific teams, players, events, or other relevant data. Machine learning can be applied to the historical data in order to improve the predicted probabilities. Correlations between event outcomes and available parameters can be analyzed in advance and in real time by an odds module to give accurate and up-to-date probabilities.

Embodiments include utilizing artificial intelligence and / or machine learning to produce sports analytics based on historical score data for specific teams, players, events, or other relevant data. Machine learning can be applied to the historical data in order to improve the betting odds. Correlations between event outcomes and available parameters can be analyzed in advance and in real time by an odds module to give accurate and up-to-date odds.

Methods and systems are provided for managing a wagering system. In one exemplary embodiment, state information of a live event such as a sports game may be received in real time. During the event, a plurality of possible future states of the event and their associated probabilities (and odds) may be determined based on the state information, historical information, and current in-game information. A betting market is created for betting on the possible future states at determined odds. The betting market is closed and winning and losing bets are resolved based on updated state information.

A prediction processing system, method, and method for doing business is disclosed. The prediction processing system can collect, process and publish event-outcome information. The prediction processing system can dynamically filter participants into groupings and iteratively optimize odds calculations over time. A proposal framework consisting of a various abstract proposal types can model and settle propositions. Game propositions can be automatically generated based on event categorization relationships. The prediction processing system can provide game players or others with access to collective intelligence, including prediction information and information derived from prediction information. The prediction processing system can create groupings of better-performing predictors and provide them with additional information not generally available. Better-performing predictors can be provided with additional stakes to increase the weight of their predictions in odds calculations. The prediction processing system can provide access to event-outcome information on a for-fee subscription basis.

Systems and methods for real-time rebalancing of bet portfolios can include iteratively identifying live odds for a horse racing event. Each iteration can include (i) monitoring a plurality of electronic wagers submitted by a plurality of electronic devices corresponding to the horse racing event, (ii) calculating live data, probables data and will pays data, (iii) calculating an implied probability of winning in a first pool based on the calculated live data, probables data, and will pays data, and (iv) calculating implied win probabilities in a second pool for which odds or probables data isn't available. The systems and methods can include receiving, from a client device, a wager request including a request for a betting strategy recommendation based on undervalued horses, generating a real-time bet package based on the live odds and estimated odds for horses participating in a race, and transmitting the real-time bet package to the client device.

The present disclosure provides a system and method of using telemetry data to determine wager odds by receiving time-stamped position information captured by sensors, such as telemetry data, of one or more participants of one or both is the first set of participant(s) and / or the at least second set of participant(s) in the competition, and then using the time-stamped position information to determine a first action situation of the competition, and determining the probability and wager odds of a first future event occurring at the competition based on at least the first action situation and playing data associated with at least a subset of one or both of the first set of one or more participants and the at least second set of one or more participants and historical playing data.

The present disclosure provides a system and method for capturing user sentiment and generating custom market odds across a wide range of event types, enhancing predictive accuracy using artificial intelligence. Unlike traditional systems that limit users to static, third-party odds, the present disclosure allows users to actively participate in the event forecasting process by expressing sentiment and optionally creating custom odds, including for proposition and parlay-style markets.

Systems and methods for real-time rebalancing of bet portfolios in the pari-mutual bet environment can include iteratively identifying live odds for a horse racing event. Each iteration can include (i) monitoring a plurality of electronic wagers submitted by a plurality of electronic devices corresponding to the horse racing event, (ii) calculating live data, probables data and will pays data, (iii) calculating an implied probability of winning in a first pool based on the calculated live data, probables data, and will pays data, and (iv) calculating implied win probabilities in a second pool for which odds or probables data isn't available. The systems and methods can include receiving, from a client device, a request for a betting strategy, determining a first betting strategy based on the live odds and a machine learning model, and transmitting, to the client device, a real-time bet package based on the first betting strategy.

Techniques for determining odds for electronic betting on a live sporting event automatically based on trusted sources are described. For example, information related to an in-progress, live sporting event is received from sources. Each source has a calculated, respective trust score. Once the live sporting event has started, but before a certain outcome of the live sporting event has been determined, possible future values of the outcome are determined. A respective probability for each of the possible future values is calculated based on the information and reliability information. The reliability information is based on the respective trust scores of the sources. Based on the probabilities and repeated calculations of the reliability information, odds for betting that one of the possible future values of the outcome is calculated.

Disclosed are systems and methods for increasing user engagement with online sports betting. In one embodiment, a method comprises receiving, at a server, a request from a client device to place a bet of a certain bet amount on a sporting event having odds associated with the sporting event. The method can also comprise calculating a plurality of probability ranges, wherein each of the plurality of probability ranges is associated with a multiplier or a non-multiplier, and generating a random number using a pseudo random number generator. The method can also comprise selecting the multiplier associated with a particular probability range when the random number generated falls within the particular probability range. The method can further comprise calculating a boosted possible payout amount using the bet amount, the odds, and the multiplier and revealing the boosted possible payout amount and the multiplier via a slot machine graphic.