Online Gaming Platform With Machine-Learning Odds Wheels
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Solution Overview
Problem
Sportsbook operators face challenges in differentiating themselves in a crowded market, managing profit margins, retaining users, and offering attractive odds without sacrificing their house edge, while bettors are limited by traditional betting options and volatility.
Innovation Solution
A casino/sports-betting gaming system that includes a random number generator and machine learning algorithm to adjust betting lines and odds through a graphical user interface, allowing users to spin a wheel for a chance to boost their odds on any bet type and event without compromising the sportsbook's house edge.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If traditional odds boosters are used to attract users, then user engagement improves, but sportsbook operator profitability deteriorates due to loss of house edge
Solution Approach 1:
The patent introduces a casino game as an intermediary mechanism between the user and the odds boosting process. Instead of directly boosting odds (which loses house edge), the system offers a casino game where users can win odds boosts as prizes. This intermediary game structure allows the sportsbook to control the distribution of boosts while maintaining profitability through the game's built-in house edge.
Solution Approach 2:
The system requires users to first engage with the casino game before receiving odds boosts. This preliminary action filters users and allows the sportsbook to control when and how odds boosts are distributed. The casino game serves as a gateway that preserves house edge while still providing opportunities for odds enhancement.
2Reliability
If straight bets with fixed odds are offered, then operator risk management is simplified, but bettor excitement and engagement deteriorate
Solution Approach 1:
The patent transforms static fixed odds into dynamic adjustable odds through the casino game mechanism. Users can potentially modify their odds through game outcomes, creating a dynamic betting experience. This allows operators to maintain controlled risk parameters while providing bettors with excitement and engagement through the possibility of odds enhancement.
3Productivity
If odds are boosted to attract bettors, then user acquisition improves, but operator profit margins deteriorate
Solution Approach 1:
The casino game acts as an intermediary that decouples user acquisition from direct profit loss. Instead of giving away odds boosts freely (which erodes margins), the system uses the casino game to distribute boosts selectively. This maintains profit margins while still enabling user acquisition through attractive potential rewards.
4Device complexity
If limited betting options are provided, then operator complexity is reduced, but bettor satisfaction deteriorates
Solution Approach 1:
The patent makes the casino game universal and applicable to multiple bet types and sporting events. Rather than creating complex specialized systems for different bets, the same casino game mechanism works across various betting scenarios. This maintains operator complexity at manageable levels while providing bettors with versatile betting options and enhanced engagement.
Data Source
AI summary
An online gaming platform uses a random number generator implementing a machine learning algorithm with dynamic content and real-time personalization. The online gaming platform comprises a display device, a touch screen input, and a processor coupled to the display device and the touch screen input. The display device displays the dynamic content associated with wagers related to live sporting events. A graphical user interface (GUI) on the display device includes first and second wager inputs. The first wager input includes a selection of a wager team, a wager line, and a wager odds from the wager data. The second wager input includes a wagering amount. The GUI on the display device displays a first spinning wheel indicating a plurality of line adjustments and a second spinning wheel comprising a plurality of odds adjustments to the first water inputs and/or the second wager inputs generated by the random number generator.