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US 11,386,746 B2Granted
Odds making through context specific simulations
AssigneeAdrenalineIP
InventorsCasey Alexander Huke, John Cronin, Joseph W. Beyers, Michael D'Andrea
Life of this patent
Estimating the term…
Abstract
A method of calculating odds by running simulations for the game from the current point so that the simulations would reduce the number of possible outcomes because a portion of the game will have already been played.
Claims10
A method of calculating odds with multiple simulations for a play-by-play wagering network, comprising:
- collecting real-time sensor data from a live sporting event upon which play-by-play wagers can be placed;
- calculating odds for the play-by-play wagers placed on the live sporting event through the play-by-play wagering network based on historical play data;
- generating a plurality of simulations for outcomes of plays within the live sporting event;
- and
- updating the odds for the play-by-play wagers placed on the live sporting event through the play-by-play wagering network based on the plurality of simulations for outcomes of plays within the live sporting event.
2 more elements
A system for calculating odds with multiple simulations for a play-by-play wagering network, comprising:
- a play by play wagering network;
- real-time data collected from the live sporting event upon which play-by-play wagers can be placed on the play-by-play wagering network;
- a historical plays database which contains historical plays data for live sporting events;
- an odds calculation module that calculates odds for the play-by-play wagers placed on the live sporting event based on the historical plays data;
- an initial simulation module which generates a plurality of simulations for outcomes of plays within the live sporting event;
- and
- a simulation adjustment module which updates the odds for the play-by-play wagers placed on the live sporting event through the play-by-play wagering network based on the plurality of simulations for outcomes of plays within the live sporting event.
4 more elements
Dependencies are inferred from the claim text.