AI wager odds adjuster
A method and system for using artificial intelligence (AI) to assess and adjust the betting odds for live game wagers before they are presented to users based correlations between various parameters and user betting behavior, and to adjust the betting odds while the betting window is open based on how users are currently betting compared to expected user betting behavior.
1. A method of adjusting wager odds, comprising
filtering, with a processor, a historic database to match a current wager available on a gaming device,
selecting, with a processor, a common parameter within historic data in the historic database,
performing correlations, with a processor, for the selected parameter against other parameters within the historic database,
determining, with a processor, if there is correlated data and the correlated data exceeds a first threshold,
extracting, with a processor, data points from the correlated data that exceeds the first threshold,
comparing, with a processor, the extracted data points to one or more second thresholds, and
adjusting, with a processor, the current wager on the gaming device if the extracted data exceeds at least one of the one or more second thresholds.
2. The method of claim 1 , further comprising adjusting the current wager available on the gaming device in real time between plays of a live sporting event.
3. The method of claim 1 , wherein the common parameter within the historic data is situational data in a real time sporting event.
4. The method of claim 1 , further comprising selecting a plurality of common parameters within the historic database and adjusting wagers for one or more of the common parameters.
5. The method of claim 1 , further comprising displaying the updated odds on a mobile device.
6. The method of claim 1 , further comprising initiating a wager adjustment following the completion of a play in a live sporting event.
7. The method of claim 1 , wherein the correlations are based on situational data in a live sporting event, situational data in one or more previous sporting events, a number of wagers placed with respect to the situational data in the one or more previous sporting events, and amounts of wagers placed with respect to the situational data in the one or more previous sporting events.
8. A computer implemented method for providing odds in a game program using game information, comprising executing on a processor the steps of:
displaying data related to a live sporting event in real time on a gaming device;
displaying one or more wagers related to real time wagering in the live sporting event on the gaming device;
displaying at least one or more factors related to odds adjustment for the one or more wagers on the gaming device; and
displaying one or more adjusted odds for the one or more wagers based on the one or more factors on the gaming device.
9. The computer implemented method for providing odds in a game program using game information of claim 8 , further comprising displaying the data related to the live sporting event in real time on a mobile device.
10. The computer implemented method for providing odds in a game program using game information of claim 8 , further comprising displaying results of any wager placed from the one or more wagers.
11. The computer implemented method for providing odds in a game program using game information of claim 8 , further comprising displaying situational data related to the live sporting event in real time.
12. The computer implemented method for providing odds in a game program using game information of claim 8 , further comprising displaying statistical data related to the live sporting event in real time.
13. The computer implemented method for providing odds in a game program using game information of claim 8 , further comprising displaying at least one of funds and points that are available to wager.
14. A method of adjusting wager odds, comprising filtering, with a server, a historic database to match a current wager available on a gaming device,
selecting, with a server, a common parameter within historic data in the historic database,
performing correlations, with a server, for the selected parameter against other parameters within the historic database,
determining, with a server, if there is correlated data and the correlated data exceeds a first threshold,
extracting, with a server, data points from the correlated data that exceeds the first threshold,
comparing, with a server, the extracted data points to one or more second thresholds, and
adjusting, with a server, a current wager on the gaming device if the extracted data exceeds at least one of the one or more second thresholds.