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Improves odds pricing of any combination of actions by multiple players and teams via improved probability distribution

LA VEGAS, November 9, 2021 /PRNewswire/ — Esports Technologies, Inc. (Nasdaq: EBET), a leading global provider of advanced sports betting products and technologies, today announced that it has filed a new patent application covering a modeling system for multiplayer fighting games. The system would use a modified statistical distribution to model possible outcomes in fighting games involving multiple players and teams.

Esports Technologies Files Patent for System and Method for Modeling Sports Betting in Multiplayer Games

The systems and methods described in Esports Technologies’ patent application detail the use of this statistical tool to represent the exact distribution of kill scores in multiplayer online battle arenas (MOBAs). Applying this discrete probability distribution to an esports event improves the modeling of probabilities within the event. By offering more accurate game odds, the technology could help boost engagement with esports bettors.

Bart Bard, COO, Esports Technologies, said, “Data analytics is a key competitive differentiator for our business. Esports Technologies’ dedicated quantitative analysis team has found what he believes is a new way to extract the maximum value from the data that is constantly being generated in MOBA games. This patent could significantly raise the state of the art in sports betting.”

This filing represents the latest addition to Esports Technologies’ intellectual property portfolio. In August 2021, the company has filed a provisional patent application for a technology that uses artificial intelligence to generate odds models for use in a betting algorithm for esports tournaments and various stages of a tournament. For this revolutionary use of technology, Esports Technologies has been selected as 2021 Tempest Esports Business Awards Finalist.

In June 2021, the company has filed a patent covering a exclusive live streaming technology which integrates sports and esports betting on many of the most popular streaming platforms, including Twitch, YouTube, Facebook Gaming, and Hulu, among others.

About esports technologies
Esports Technologies develops revolutionary and engaging betting products for esports fans and bettors around the world. Esports Technologies is a leading global provider of esports marketing products, platforms and solutions. The Company operates a licensed online gaming platform, gogawi.com, which offers real-money betting on sporting events and professional sports from around the world in a secure environment. The Company develops esports predictive gaming technologies that enable distribution to customers and business partners.

For more information visit: https://esportstechnologies.com.

Forward-looking statements: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which statements involve risks and uncertainties. These statements relate to future events, future expectations, plans and prospects. You can identify forward-looking statements by those that are not historical in nature, particularly those that use words such as “may”, “should”, “expect”, “anticipate”, “intend”, “estimate “, “believes”, “”plans”, “projected”, “predicted”, “potentials” or “hopes” or the negative form of these terms or other similar terms. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may differ materially from the expectations expressed or implied by such forward-looking statements.These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including those discussed in the Company’s filings with the Securities and Exchange Commission, including as set forth in the “Risk Factors” section of the Company’s final prospectus, which has been filed at near the Securities and Exchange Commission on April 16, 2021, as updated by the company’s subsequent quarterly reports on Form 10-Q. The Company undertakes no obligation to publicly release any revisions to any forward-looking statements as a result of subsequent events or developments, except as required by law.

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SOURCE Esports Technologies, Inc.