Real-Time Bet Selection Feedback From Historical Data
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Bettors face a significant disadvantage due to the complex trading models used by sportsbooks, which provide prices based on extensive data, while they have limited high-level information, resulting in a substantial win margin disparity for multi-bet wagers.
Innovation Solution
A computing system analyzes a proposed bet selection, generates queries, retrieves historical data, and provides insights and recommendations to bettors, enhancing their decision-making with granular information and real-time feedback.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Measurement precision
If sportsbooks use complex trading models with extensive data, then pricing accuracy is improved, but information accessibility for bettors deteriorates
Solution Approach 1:
The patent introduces an intermediary system (the computing system with natural language processing) that translates complex sportsbook data and pricing models into accessible insights for bettors. This intermediary layer processes extensive data behind the scenes while presenting simplified, actionable information to users, resolving the contradiction between maintaining pricing accuracy and improving information accessibility.
Solution Approach 2:
The system implements feedback loops where bettor queries receive real-time responses with relevant insights and recommendations. This feedback mechanism allows bettors to iteratively refine their betting strategies based on processed historical data and current market conditions, bridging the information gap created by complex trading models.
2Adaptability or versatility
If the number of betting markets and combinations is increased, then betting versatility is improved, but decision-making complexity for bettors worsens
Solution Approach 1:
The system provides real-time feedback that evaluates proposed bet selections against historical data and current market conditions. This feedback loop guides bettors through the complex array of markets and combinations by highlighting relevant insights and potential outcomes, making the expanded betting options manageable and informative rather than overwhelming.
Solution Approach 2:
The computing system automatically analyzes bet proposals and generates insights without requiring bettors to manually process extensive data. This self-service approach handles the complexity of evaluating numerous markets and combinations, allowing bettors to focus on making decisions rather than analyzing data.
3Measurement precision
If real-time data analysis is provided to bettors, then decision-making quality is improved, but processing time and computational resources worsen
Solution Approach 1:
The system performs preliminary actions by pre-processing and storing historical data in structured formats before betting events occur. This preparation allows rapid retrieval and analysis during live betting, providing real-time insights without excessive processing delays during critical decision moments.
Solution Approach 2:
The patent replaces manual data analysis mechanics with automated natural language processing and machine learning systems. This substitution enables comprehensive real-time analysis of betting proposals against extensive historical data without the time constraints of human analysis, maintaining high decision-making quality while reducing processing time.
Data Source
AI summary
A computing system receives a proposed bet selection for an event. The proposed bet selection includes team information and opponent information. The computing system generates a plurality of queries by analyzing the proposed bet selection. The computing system retrieves historical data related to the proposed bet selection based on the plurality of queries. The computing system analyzes the historical data to generate a plurality of insights related to the proposed bet selection. The computing system provides the historical data and the plurality of insights to a user submitting the proposed bet selection.