4 results about "Odds" patented technology

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.

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.

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.