Method of using telemetry data to determine wager odds at a live event

A method for wagering on event outcomes using telemetry data, comprising;

• collecting telemetry data from a first set of competitors at a live event using one or more sensors;
• receiving and sending, to a wagering application interface, the telemetry data collected by the one or more sensors;
• identifying a first play situation based on the telemetry data collected by the one or more sensors;
• identifying at least one plurality of possible future states regarding the live event;
• calculating probability and wager odds of an at least one future event occurring based on the first play situation;
• generating at least one wager based on the probability and wager odds of the at least one future event occurring;
• transmitting the wager to one or more wager application interfaces coupled to a wagering network;
• filtering a historical plays database based on the first play situation, wherein
• the filtered data is used to determine the probability and wager odds of the at least one future event occurring;
• and
• determining correlation coefficients of correlated data points by the filtering the historical plays database and performing correlations on the filtered data based on one or more parameters;
• and
• adjusting the odds based on the correlation coefficients of correlated data points.

A system for wagering on event outcomes using telemetry data, comprising:

• a live event;
• at least one competitor;
• one or more sensors configured to collect telemetry data from the at least one competitor;
• at least one processor;
• at least one memory having instructions stored thereon executed by the at least one processor to:
• receive and send, to a wagering application interface, telemetry data collected by the one or more sensors;
• identify a first play situation based on the telemetry data collected by the one or more sensors;
• identify at least one plurality of possible future states regarding the live event;
• initiate an odds calculation module to determine probability and wager odds of an at least one future event occurring based on the first play situation;
• provide at least one wager based on the probability and wager odds of the at least one future event occurring;
• transmit the wager to the wagering application interface;
• filter a historical plays database based on the first play situation, and
• use the odds calculation module the historical plays data to determine the probability and wager odds of the at least one future event occurring;
• and
• use a recommendations database that the odds calculation module to determine how the wager odds should be adjusted depending on a difference between correlated data points, wherein
• the correlated data points are determined by the filtering the historical plays database and performing correlations on the filtered data based on one or more parameters.