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Unlocking microbetting in live sports with AI - OSAI is the first to bring quick bets on low-level events to table tennis.
Thursday, 20 October 2022
OSAI is the first company to overcome one of the main challenge in sports microbetting - and bring quick bets on low-level events to table tennis. OSAI pioneers the space with its Quick Bets solution, which merges sports betting and casino formats. It unlocks new markets on low level events with odds and coefficients being traded automatically. Starting with table tennis and then expanding to other sports for which OSAI products are available.
The unique technology offers a risk-free way to test new markets, tap into new GGRs and increase sports betting revenues.
Microbetting is one of the main industry trends. Its main value is in the lucrative proposition of opening new GGRs with fast markets, many of which are connected to low-level events. In live sports, microbetting has a big technical challenge - sports betting data feeds typically don’t contain smaller events, due to the challenge of capturing them by traditional data scouts.
OSAI launched a new product - Quick Bets - that opens up microbetting on low-level events in table tennis for the first time. The solution is built on AI data scout, which has been in operation for years. The company has been perfecting AI data scout on hundreds of thousands of games until it ensures the data latency of ~18ms.
AI data scout collects accurate data on all game events, including low-level events like error type, ball speed, player position, bounce coordinates, and more. OSAI uses this data to build custom odds algorithms, that take into account the performance of a particular player and the tournament’s dynamics. The technology takes both historical and real-time data to produce coefficients for players and the tournament. Mathematical models in OSAI’s Autotrading were built on over 70,000 matches, analyzing ~500 data points every second.
The coefficients are adjusted in real-time based on the performance, common errors, rally duration, etc. This ensures the fair calculation of odds. And opens new fast markets, that are contextual, fair, and fun to bet on.
Today, OSAI offers 4 markets on Quick Bets: number of bounces in a rally, the last player to strike, winning side of the table, and error type. The company plans to expand its portfolio, adding more fast markets.
Quick Bets are available as a widget that is installed on a betting operator’s website or mobile app. It comes with a customizable interface and a back office to adjust the margins and monitor coefficients.
It is available on a revenue-sharing basis to tournaments and betting operators who purchased OSAI AI data scout.
OSAI is a Cyprus-based tech company that digitizes sports in real-time using AI/ML, and Computer Vision. Based on cutting-edge computer vision technology, OSAI developed a full suite of solutions to serve clubs, leagues, federations, and betting operators around the world.
OSAI analyses the video feed with AI and Computer vision to gather accurate, real-time data after each frame. It then analyzes it to convert raw data into actionable insights and unlock several product offerings including AI data scout, real-time Mixed Reality, High-Performance analytics, and, most recently, Quick Bets. OSAI ecosystem of game-changing products optimizes costs of data capture, reduces the complexities of virtual production of live content, and opens new revenue streams in sponsorship & betting.