Esports Technologies to develop AI-powered odds modelling system
The technology will be used to simulate tournaments and develop an odds model for use by bettors.
Esports Technologies, a provider of esports wagering products and technology, has today filed a patent application for a platform that will use artificial intelligence to predict the outcome of esports tournaments. This in an attempt to produce more accurate odds.
This new technology will implement machine learning and quantitative methods to quickly generate odds on esports matches throughout the multiple different stages of a tournament. The patent suggests players will be able to wager on different teams throughout a tournament and while games are being played. Examples of bets that could be made with this technology include which team will place in the top three, or outside the top five, or what round the team will make it to.
Bart Barden, COO, Esports Technologies, said: “I’m extremely proud of our quant and modeling team, which continues to develop potential industry-leading data solutions.”
“Harnessing cutting-edge modeling 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.”
The filing of this patent continues Esports Technologies’ plans to increase the company’s betting offering. June 2021 saw the technology group file a patent covering a proprietary live streaming technology that integrates sports and esports wagering across streaming platforms. These include Twitch, YouTube, Facebook Gaming, and Hulu.
Esports Technologies currently operates a licensed online gambling platform, gogawi.com, that offers real money betting on esports events and professional sports in a number of different regions.
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