The impact of artificial intelligence on esports betting is significant. AI is now being used in various industries, including esports, to provide real-time statistics and inform betting odds. Bookmakers can benefit from AI’s ability to process vast amounts of data quickly and make accurate predictions. For instance, PandaScore’s AI platform collects 300 data points in half a second for League of Legends. This data-driven nature of esports has created a need for advanced AI in the industry.
IBM has introduced Power Rankings with Watson, an AI-powered method of evaluating player and team performances in the Overwatch League. GRID analyzes gameplay and provides viewers with important information like weapon load-outs and spells. AI is not only used for odds and predictions but also for identifying risky betting behaviors and illegal operations. Esports Technologies, for example, has joined the Esports Integrity Commission to support anti-corruption efforts using AI technology.
Esports Technologies has also filed a provisional patent application for a technology that uses AI to generate odds models for esports tournaments. This system allows bettors to wager on teams throughout a tournament and during live games. It can be used for various types of esports matches and tournaments, providing instant odds through machine learning and advanced quantitative methods. Esports Technologies has also developed a proprietary live streaming technology platform that integrates sports and esports wagering across popular streaming platforms like Twitch and YouTube.
The esports industry, valued at $1 billion, recognizes the potential of gambling. AI will continue to play a prominent role in both the esports and igaming industries, providing improved services and preventing fraud. Companies like Tabcorp in Australia are leveraging AI to enhance their sports wagering operations, offering advanced predictions for outcomes and providing sports bettors with more options to wager on.
