Esports Technologies Looks to Patent AI-Driven Odds Generator

The world of AI-driven modelling and communication is far more prevalent in the world than most of us realise. Whether we’re talking about the “also bought” recommendations you are shown when shopping on Amazon or the video recommended to you on YouTube there is an algorithm that has farmed your past likes, dislikes, and products you’ve spent some time perusing to offer you new items it “thinks” you will like.

When it comes to sports betting, be it on traditional sports or esports, there is money to be made or lost based on the accuracy of the odds being offered and how speedily they can be updated based on the latest team or competitor data.

 Cutting Edge Technology

This is why Esports Technologies, a developer of esports betting technologies, has filed a provisional patent application for a revolutionary new AI-Powered Real-Time Odds Modelling and Simulation System.

Bart Barden, COO, Esports Technologies, said of the application:

“I’m extremely proud of our quant and modelling team, which continues to develop potential industry-leading data solutions. Harnessing cutting-edge modelling and artificial intelligence to create the technology for this planned next-generation wagering tool demonstrates our commitment to innovation and our focus on the needs of esports enthusiasts and bettors everywhere. We continue to advance and innovate the esports wagering experience for customers.”

With thousands of data points and minute adjustments that even minor changes in an event or player response demand for true accuracy the new model will apply the processing power of machine learning systems to generate new odds instantly.

While human statisticians and developers are needed to create the initial “thinking” the AI-driven system is able to handle thousands of data inputs and create new betting models and odds based on individual plays as they happen.

The patent positions itself to offer true live betting where punters will be able to place stakes as the action is happening without giving the bettor an unfair advantage or having to cancel bets due to delayed information making the odds they played at obsolete.

 Combining Power Patents

While it is true that other esports operators like Unikrn, Sportsflare, and PandaScore are all busy with their own version of AI-modelled odds generators what sets Esports Technologies apart is the Live Streaming Wagering Technology patent they applied for in June 2021.

Aaron Speach, CEO, Esports Technologies, said:

“How we watch and bet on sports has changed and this patent-pending technology is the next step. Our technology will allow bettors to stay in the zone, accessing everything they need right there in the browser without ever leaving their streaming environment. The industry is ripe for this kind of innovation. This patent filing is the first step for us in our continued journey to enhance the wagering experience for everyone.”

This patent looks to link esports betting directly into the streaming platforms that users are watching their favourite tournaments and events on. Their reports surmise that esports fans watched more than 27 billion hours of esports content across Twitch, YouTube, and Facebook Gaming in 2020.

The proposed esports wagering tools will now allow these viewers access to betting options as an overlay to their favourite gaming platform. When combined with the ability to create and serve live esports betting odds for the event being watch Esports Technologies will have a marked advantage over their competitors who expect you to leave the site you’re streaming on in order to place a bet on your favourite team. These bets are also limited to set pieces like win/lose, best player and point spreads, having AI-driven bets on any aspect of a live game will be a gamechanger for operators and bettors.