CPC G07F 17/323 (2013.01) [G06N 20/00 (2019.01); G06Q 50/34 (2013.01); G07F 17/3244 (2013.01); G07F 17/3288 (2013.01)] | 16 Claims |
1. A method of providing wagers in a wagering system, comprising:
receiving data on a wagering system from a live sporting event upon which wagers can be placed on plays inside of that live event;
automatically calculating, from the data on a past play, two or more different odds for at least one outcome of an upcoming play using two or more different algorithms upon the determination that the last play has ended, wherein the two or more different odds are calculated using one or more of a primary value betting formula, a primary betting arbitrage formula, a betting bank formula, a unit stakes formula, a Kelly's criterion formula, and a Monte Carlo simulation;
comparing context of the upcoming play to plays in a historical play database;
retrieving odds of historical plays in the historical plays database that are similar in context to the upcoming play; and
calculating final odds for the at least one offered wager based on an adjustment factor determined by a weighted combination of the two or more different calculated odds and the retrieved odds.
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