How artificial intelligence drives new experiences in esports betting – esports betting
Artificial intelligence (AI) is transforming the landscape of the data-driven esports sector. From optimizing odds-setting to identifying suspicious activities, AI’s potential applications are virtually limitless.
The Influence of AI on Esports Betting
Artificial intelligence has transitioned from concept to reality, permeating a variety of industries, including e-commerce and architecture. While gambling inherently involves luck, it demands extensive preparation and analysis. Modern bookmakers leverage real-time data regarding esports players, teams, and events to formulate informed betting odds and provide crucial context for bettors.
AI’s ability to process vast volumes of data swiftly enables it to make insightful predictions. For instance, PandaScore’s AI platform can analyze 300 data points in League of Legends in just half a second. This system continuously learns from historical and real-time data, delivering up-to-date insights on potential outcomes, task completions, and player performances.
Due to its inherently digital nature, esports is more data-centric than traditional sports, creating an urgent demand for sophisticated AI solutions. Recently, IBM introduced its Power Rankings utilizing Watson—a methodology that assesses player and team performance within the Overwatch League. Furthermore, GRID consistently analyzes gameplay, offering viewers critical data such as weapon load-outs, spells, and information on recent in-game events.
Beyond just enhancing odds and predictions, AI plays a pivotal role in risk management by identifying dubious betting behaviors and illicit activities. Esports Technologies has joined the Esports Integrity Commission (ESIC) as an anti-corruption partner, deploying its AI technology to detect and eliminate match-fixing and corrupt betting practices in the esports realm.
Esports Technologies’ Innovative AI Models
Esports Technologies has filed a provisional patent for an AI-driven technology designed to create odds models for betting algorithms relevant to esports tournaments. This innovative system enables bettors to place wagers on teams throughout an ongoing tournament as well as during individual matches. Possible use cases include predicting which team will land in the top three or which team will finish outside the top five.
Odds will be generated instantaneously through the integration of machine learning and advanced quantitative techniques. This technology has the versatility to be applied to a myriad of esports match types and tournament formats, making it invaluable for proposition betting and diverse betting markets.
Additionally, Esports Technologies has patented a proprietary live-streaming technology platform that seamlessly integrates sports and esports wagering across popular streaming services, including Twitch, YouTube, and Hulu.
In May, the company launched the Esports Games app, a free-to-play interactive platform that invites users to predict outcomes in live esports events, such as guessing which team will score the first kill in a match.
Future Trends: AI’s Role in Esports Betting
The $1 billion (£737 million) esports industry is acutely aware of its gambling potential. In parallel, the igaming and betting sectors recognize the attractiveness of competitive video games to younger audiences. Consequently, artificial intelligence is poised to play an increasingly significant role in enhancing services while mitigating fraud risks in both arenas.
For example, Australia’s Tabcorp is gearing up to enhance its sports wagering operations with AI, promising to provide high-scale predictive capabilities for NFL game outcomes, thereby offering sports bettors more diverse betting opportunities.
