Odds Adjustment Module for Lineup-Specific Wagering Accuracy
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Solution Overview
Problem
Inaccurate odds calculation in play-by-play wagering on live sporting events due to the lack of consideration for strategic influences and real-time data, leading to potential losses and customer dissatisfaction.
Innovation Solution
A system and method that collect real-time sensor data and historical play data to adjust odds based on the lineup, using sensors, a historical plays database, an odds calculation module, and an odds adjustment module to identify similar historical plays and calculate adjusted odds for current plays, incorporating data on next players scheduled to participate.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Measurement precision
If odds are calculated based on all plays in a snapshot in time, then calculation speed is maintained, but accuracy deteriorates due to lack of strategic context
Solution Approach 1:
The patent segments the odds calculation process into multiple stages: initial odds generation from historical plays, lineup data integration, and strategic context adjustment. This segmentation allows the system to process data in manageable chunks while maintaining comprehensive analysis, resolving the contradiction between accuracy and complexity by organizing the complex task into structured segments.
Solution Approach 2:
The system performs preliminary actions by pre-processing and storing lineup data and historical play data in structured databases before odds calculation is needed. This preliminary organization of data enables faster and more accurate odds adjustment when actual plays occur, reducing the complexity burden during real-time calculation while improving accuracy.
2Measurement precision
If real-time sensor data and lineup data are collected and processed, then odds accuracy is improved, but computational complexity increases
Solution Approach 1:
The patent implements preliminary action by pre-collecting and structuring lineup data in a database before it is needed for odds calculation. Historical plays are also pre-processed and stored with relevant attributes. This advance preparation eliminates the need for complex real-time data collection during odds adjustment, maintaining accuracy while reducing processing time.
Solution Approach 2:
The system uses feedback mechanisms where odds are continuously adjusted based on incoming real-time sensor data and lineup information. The odds adjustment module receives feedback from multiple data sources and iteratively refines the odds calculation, allowing the system to maintain high accuracy through continuous refinement rather than requiring all data to be processed simultaneously, thus reducing overall processing time.
3Reliability
If strategic factors and lineup data are incorporated into odds calculation, then customer satisfaction is improved, but system complexity increases
Solution Approach 1:
The patent segments the odds adjustment system into specialized modules: a lineup data management module for handling player information, an odds generation module for baseline calculations, and an odds adjustment module for strategic modifications. This segmentation allows each module to handle specific aspects of complexity independently, making the overall system more manageable and reliable while incorporating strategic factors.
Solution Approach 2:
The patent introduces intermediary components such as the odds adjustment module that acts as a mediator between raw data (lineup information, historical plays) and final odds output. This intermediary layer processes and reconciles multiple data sources and strategic factors, managing system complexity by providing a structured interface between diverse inputs and the final reliable odds calculation.
Data Source
AI summary
A method of AI adjusting odds based on the context of the lineup in baseball or cricket. Specific examples include a batter likely to be pitched around because of who is up next and when a reliever is approaching his third batter faced (the minimum before he can be replaced).