Press Releases
AI System Beats Vegas at Sports Forecasting
20-week study shows that combination of human insight and AI processing can beat Vegas
CAMBRIDGE, England, Sept. 4, 2018 — Researchers today presented the first long-term study showing that an AI-powered system can outperform Vegas betting markets over an extended period. The system used in this research generated predictions for 200 NHL hockey games over a 20-week period during the 2017-18 season. While the Vegas oddsmakers proved 55% accurate in forecasting winners across those 200 games, the Swarm AI system achieved 61% accuracy across those same games. Furthermore, when using a simulated wagering protocol that placed equal bets on the Swarm AI predictions, the system yielded a +22% return on investment (ROI) across the 200 games. In addition, the system generated a “pick of the week” for each of the 20 weeks, achieving 85% accuracy and yielding 170% ROI. These results are described in a paper presented today in Cambridge, England at the IEEE Developments in eSystems Engineering Conference (DeSE 2018).
The technology, developed by Unanimous AI of San Francisco, CA employs a unique combination of real-time human input and AI algorithms that are modeled after swarms in nature. In this study, it operated by collecting input from 25 to 35 average sports fans in real-time, using intelligence algorithms to optimize their combined their knowledge, wisdom, insights, and intuitions. Known as Swarm AI, the technology has enabled accurate forecasts across a wide range of applications, from sports and politics to financial markets. This new study, however, is a milestone, as it demonstrates the ability to outperform Vegas betting markets over an extended period.
Swarm Intelligence, the science behind Swarm AI technology, is the reason why birds flock, bees swarm, and fish school – they are smarter together than alone. Across countless species, nature shows us that by forming closed-loop systems, groups can produce insights that greatly exceed the abilities of any individual member. While humans have not evolved this ability naturally, Swarm AI technology enables this artificially, allowing groups to amplify their intelligence by forming real-time swarms.
“The results of this study are extremely promising,” said Gregg Willcox, Director of Research at Unanimous AI and a co-author on the sports forecasting paper. “And while it’s fun to predict sports, we are currently applying the same techniques to a wide variety of other domains, including financial forecasting, business forecasting, and medical diagnosis, all with positive results.”
The full paper, “Artificial Swarm Intelligence versus Vegas Betting Markets” will be presented by Dr. Louis Rosenberg at DeSE 2018, held September 2-5th in Cambridge, England. More information is available HERE.
About Unanimous AI :
Unanimous AI is a Silicon Valley company that has pioneered Swarm AI® technology, a new form of AI that combines real-time human insights and AI algorithms modeled after natural swarms. Unanimous has generated an impressive track record of predictions, forecasts and insights. The company’s technology has outperformed traditional AI systems and human experts in many high-profile challenges.
Unanimous works with corporate clients and leading organizations through its Swarm Insight® business intelligence service. Swarm Insight helps clients amplify the intelligence of consumer groups as well as amplify the intelligence of business teams to help make better decisions.
In 2018, Swarm AI was recognized as SXSW’s “Artificial Intelligence Innovation of the Year” and was described in a popular TED TALK. For more about Unanimous AI, visit http://unanimous.ai
MEDIA CONTACT:
Joe Rosenbaum
Unanimous AI
410-458-7978
[email protected]
Source: Unanimous AI
Latest News
Tom Horn Rolls Out Wild Winter Magic in Wild Snowflakes
Tom Horn Gaming, a leading igaming software supplier, has unveiled its latest game, Wild Snowfakes, just in time for the winter season. A winter-themed slot transports players to a serene snowy wonderland filled with excitement and rewards.
Expanding Wilds and QuickX™ Bonus Buy Feature
With expanding wilds and the supplier’s proprietary bonus buy feature, QuickX™, Wild Snowflakes delivers thrilling gameplay and allows players to tailor their journey based on their preferences.
This medium-to-high variance game is played across a 5×3 gaming grid, populated with frosty fruit symbols and snowflakes, which act as wilds. When a wild snowflake lands as part of a winning combination on the 2nd, 3rd, or 4th reel, it expands to fill the entire reel, transforming other symbols above and below into wild snowflakes for bigger wins.
Players in applicable jurisdictions can activate one of three expanding wild features with 2x, 3x, or 5x multipliers using the QuickX™ bonus buy feature. This proprietary mechanic allows players to purchase direct access to bonus rounds, bypassing the base game grind. QuickX™ empowers players to customise their gameplay, offering a shortcut to increased winning potential. The cost of activating QuickX™ is dynamically calculated based on the player’s original bet size, multiplied by the chosen bonus buy multiplier.
A Winter-Themed Classic Slot with a Contemporary Twist
“Wild Snowflakes is a celebration of the beauty and magic of winter, brought to life through stunning visuals and an immersive theme. By combining the charm of a classic slot with engaging features, we’ve designed a game that’s both nostalgic and exciting. It’s the perfect addition to any operator’s portfolio this winter season, “ said Katarina Slaninova, Head of Marketing at Tom Horn Gaming.
The game will be available for distribution through Tom Horn Gaming’s extensive partner network from 21 November.
Latest News
Bitblox unveil new partnership with Timeless Tech
Bitblox, the pioneering software studio responsible for introducing a new wave of crypto-based price prediction games to the online casino world, has announced it has agreed a huge new deal that will see its full range of titles added to the Timeless Tech portfolio.
As a forward-thinking aggregator that prides itself on continually broadening the gaming verticals that it’s able to supply to customers, the partnership will allow Timeless Tech to offer releases like Up or Down?, Up or Down? Turbo and 3 in a Row to its casino clients going forward.
With these four additions as well as all future releases from Bitblox at their disposal, operators who use Timeless Tech to power their game aggregation needs will now be able to further engage their customers with a unique selection of titles that combine elements of both chance and skill.
Perfectly positioned to capitalise on the iGaming industry’s growing interest in cryptocurrency, all Bitblox releases require players to try and correctly predict Bitcoin’s price movement over a fixed window of time and have been built to appeal to both casino customers and sports bettors alike.
Although no prior knowledge of the Bitcoin market is needed to play, the presence of real-time price data enables users to follow the chart and make better informed decisions, meaning they have a more active role in the outcome of each round than they would with a traditional RNG title.
As a result, Bitblox’s games manage to fill a gap in the market that’s both fun and strategic while also supplying an exciting new vertical for operators looking to engage with a younger, crypto-curious audience. Their addition to the Timeless Tech portfolio should serve to see their current popularity grow further as they find their way to new customers in a variety of markets worldwide.
Brandt Page, Chief Executive Officer at Bitblox Games, said: “At Bitblox, we already know we’ve come up with a concept that holds genuine appeal to both sports bettors and casino customers alike, so the next step is obviously ensuring that our games get out to as wide an audience as possible.
“Our new partnership with Timeless Tech will enable us to do just that by making our full portfolio of releases available to a wide number of operators globally, so we’re very excited to see what the uptake is and we’re really looking forward to hearing back from customers on how they perform.”
Nicola Cainero, COO at Timeless Tech, said: “At Timeless Tech, we’re always looking to integrate innovative content that pushes the boundaries of gaming, and Bitblox aligns perfectly with our goal of providing unique and engaging experiences to both players and operators alike.
“By adding their releases to our platform, we can further broaden the gaming verticals that we supply to partners, providing them with fresh content that will add an exciting dimension to their current libraries while also attracting a new wave of players who are interested in cryptocurrency.”
Latest News
BETBAZAR partners with ICONIC21 to enhance live casino offering
Innovative B2B worldwide iGaming marketplace provider agrees deal with leading live game supplier to further strengthen the range of titles available to operators
With the BETBAZAR marketplace going from strength to strength this year following a flurry of promising partnerships, the innovative iGaming company has announced another new addition after putting pen to paper with live casino supplier, ICONIC21.
Known throughout the industry for providing one of the most comprehensive selections of live dealer games around, ICONIC21 offers everything from classic titles like roulette and blackjack to Asian favourites such as Sic Bo and even boasts a suite of releases featuring bonus multipliers.
As a result of the new deal, BETBAZAR will now stock all 20 titles of the ICONIC21 portfolio in its online marketplace, giving clients a wider range of live casino options to choose from and enabling them to benefit from powerful promotional tools like Bet & Get offers and tournaments.
With all releases being broadcasted 24/7 from dedicated studios and hosted by friendly and professional presenters, the ICONIC21 game library provides a truly immersive experience to gamers that closely replicates the look and feel of attending a genuine bricks-and-mortar casino.
Of course, while the provider’s staple table game options will undoubtedly prove popular with customers, it’s perhaps the “Gravity Series” of games that will provide operators with the easiest way to differentiate themselves in the live casino market by offering something fresh and unique.
Boasting stunning visual effects, attractive backdrops and sky-high multipliers that can be triggered across a wide range of bets, all “Gravity Series” titles offer an exciting twist on classic game formats that can boost engagement through their potential maximum wins of up to 1,000x.
With every game in the ICONIC21 line-up also being fully customisable to suit partners’ needs, the supplier provides a genuinely bespoke service that will undoubtedly prove a big hit in the BETBAZAR marketplace and help the company further strengthen its existing live casino offering.
Alex Iaroshenko, Chief Executive Officer at BETBAZAR, said: “With live casino titles providing an exciting vertical for operators that delivers the closest thing to a real bricks-and-mortar experience, we’re delighted to team up with one of the industry’s leading live game providers, ICONIC21, in a partnership that will enhance the range of options available via our marketplace.
“With ICONIC21’s expansive library providing everything from classic table games to Asian favourites as well as unique titles that offer additional bonus multipliers for increased user engagement, we’re sure their games will go on to be a big hit with customers and players alike.”
Alina Mihaela Popa, Chief Commercial Officer at ICONIC21, said: “Having built up a market-leading collection of live casino games that encompasses everything from blackjack and roulette to specialised offerings like The Kickoff and Crash Live, we’re thrilled to now be able to get our titles out to an even wider audience by offering them to operators through the BETBAZAR marketplace.
“BETBAZAR’s impressive outreach and strong standing within the iGaming community will ensure that more prospective partners now have access to all of our releases, empowering them to offer a more engaging user experience to customers that can be fully customised to suit their needs.”
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