Esports Technologies has filed a provisional patent to leverage artificial intelligence technology in order to generate odds models for an esports betting algorithm.

The AI-driven odds model would be used for esports tournaments – leveraged prior to the commencement of a competition as well as various stages throughout the event.

Generation of odds will be informed by machine learning and quantitative research methods for a number of esports matches and tournament types, covering a range of betting markets and enabling customers to place proposition bets at different stages of a match or tournament.

Possible wagers offered include bets on the teams that will place in the top three of a tournament, teams placing outside the top five, or predicting which round a team will reach. 

“I’m extremely proud of our quant and modeling team, which continues to develop potential industry-leading data solutions,” said Bart Barden, COO, Esports Technologies.

“Harnessing cutting-edge modeling and artificial intelligence to create the technology for this planned next-generation wagering tool demonstrates our commitment to innovation and our focus on the needs of esports enthusiasts and bettors everywhere. We continue to advance and innovate the esports wagering experience for customers.”

Earlier this year in June, Esports Technology filed a patent covering a proprietary live streaming technology, with the goal of integrating sports and esports betting into streaming platforms such as Facebook Gaming, Hulu, Twitch and YouTube.

The firm – which became the first esports wagering systems provider to register on the US NASDAQ under the ticker EBET – also strengthened its commitment to anti-corruption activities this year, signing up to a charter led by the Esports Integrity Commission (ESIC).