Esports Technologies Inc. has announced that it has filed a provisional patent application for artificial intelligence technology that generates odds models in real-time, which can be used in betting algorithms.
The algorithm is set to be used throughout various stages of esports tournaments, with the technology generating instant odds across a number of betting markets.
“I’m extremely proud of our quant and modeling team, which continues to develop potential industry-leading data solutions,” said Bart Barden, COO of Esports Technologies.
If the technology is implemented, potential bets could include bets on which team places in the top three, which team places outside the top five, or how far a team will make it in a tournament.
“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,” continued Barden.
“We continue to advance and innovate the esports wagering experience for customers.”
Last week, Esports Technologies joined the Esports Integrity Commission (ESIC) as an anti-corruption supporter.
In July, the company announced that Michael Holm would join as its new affiliate director.
