AI sports betting algorithms engine
This invention is an engine that allows, for any play in an “in play” or single play betting game, that both calculates “basic odds” (calculated by using historical database mining) and at least one more odds making formula to calculate odds on at least one outcome of a single play in a live event, crossing at least two different odds making formulas to create crossed odds. Then utilizes artificial intelligence to correlate the crossed odds with the final odds on similar historical plays in which odds were calculated. Then utilizes machine learning after the outcome of the play is known to correlate the odds generated by each odds making formula with the most profitable odds calculated on previous similar plays.
1. A method of calculating odds on at least one play in a live sporting event, comprising:
receiving data related to the live sporting event on a wagering network;
calculating at least first odds on at least one play in the live sporting event using at least a first odds calculation formula;
calculating at least second odds on the at least one play in the live sporting event using at least a second odds calculation formula independent of the first odds;
calculating, with an artificial intelligence module, odds on at least one outcome of the at least one play in the live sporting event using a combination of the first odds calculation formula and the at least second odds calculation formula;
determining, with a machine learning module, final odds for wagers based on the combination of the first odds calculation formula and the at least second odds calculation formula meeting a value;
offering the final odds for the wagers to at least one device of a user; and
receiving, from the at least one device of the user, a selection of at least one wager based on the final odds provided on the at least one device.
2. The method of calculating odds on at least one play in the live sporting event of claim 1 , wherein the at least two odds calculation formulas are informed by previous live sporting events and/or plays inside of the similar, previous live sporting.
3. The method of calculating odds on at least one play in the live sporting event of claim 2 , further comprising:
retrieving data from a historical play database containing data regarding similar, previous live sporting events.
4. The method of calculating odds on at least one play in the live sporting event of claim 3 , further comprising:
retrieving third party analytics related to the live sporting event.
5. The method of calculating odds on at least one play in the live sporting event of claim 2 , further comprising:
identifying similar, previous live sporting events and/or plays inside of the similar, previous live sporting events to the current live sporting event.
6. The method of calculating odds on at least one play in the live sporting event of claim 1 , further comprising:
plotting a trendline of odds determined by the first odds calculation formula and the at least one second odds calculation formula; and
determining the value based on one or more calculated correlation coefficients.
7. The method of calculating odds on at least one play in the live sporting event of claim 6 , further comprising:
offering the final odds based on a determination that the at least one outcome of the at least one play in the live sporting event is most similar to a correlated outcome of similar, previous live sporting events and/or plays inside of the similar, previous live sporting events.
8. The method of calculating odds on at least one play in the live sporting event of claim 1 , further comprising:
modifying the final odds based on inputted wagers on the at least one play in the live sporting event.
9. The method of calculating odds on at least one play in the live sporting event of claim 1 , wherein the offered final odds are one of a combination of results of the first odds calculation formula and results of the at least second odds calculation formula.
10. The method of calculating odds on at least one play in the live sporting event of claim 9 , further comprising:
weighting the results of the at least first odds calculation formula or weighting the results of the at least second odds calculation formula.
11. The method of calculating odds on at least one play in the live sporting event of claim 1 , wherein the offered final odds are one of results of the first odds calculation formula or results of the at least second odds calculation formula.