AI-powered Copybetting Goes Onchain
With more blockchain projects integrating Azuro, there’s also been a rising number of AI applications that seek to go onchain and analyze sports markets that Azuro makes accessible for the crypto audience.
This week Azuro welcomes Unibets.ai to its ecosystem.
Introducing Unibets: AI Meets Copybetting
Sports betting is witnessing a new trend with the rise of AI. For the betting games, this trend easily translates into AI-powered copybetting — a concept that allows users to replicate the bets of seasoned punters, democratizing betting knowledge and strategies.
Incorporating AI into copybetting takes this concept to a new level. AI’s ability to analyze patterns and predict outcomes adds an edge to the bets being copied, making the process more than just mimicry — it’s strategic betting.
Unibets is the first AI sports copybetting app sharing revenue with its token holders. It has been live since September, 2023, and has accumulated over 500 holders and provided bets publicly to over 2000 followers, and counting.
Unibets offers copybetting pools and supports its users by equipping them with betting strategies, such as Compound Betting and the Kelly Criterion:
- The first strategy involves reinvesting the betting profits to expedite your bankroll’s growth. It brings such benefits as an acceleration effect during winning streaks and acts as a cushion during periods of losses.
- The Kelly Criterion is a mathematical formula used to calculate the optimal stake for a bet based on the odds and your estimated win probability. The strategy adjusts your stakes to optimize returns while simultaneously protecting your bankroll.
Unibets AI evaluates thousands of games and their outcomes, along with current team performances, player injuries, and even environmental factors. It then calculates the actual probability of an event happening. If it determines that the bookmaker’s odds offer more rewards than the associated risk (i.e., the odds are higher than the event’s true probability), it suggests the bet. From assessing team performance to player fitness and environmental conditions, the AI’s role is crucial in crunching numbers and providing insights that go beyond human analysis.
Unibet’s use of AI in analyzing betting patterns and probabilities offers a fresh perspective on sports betting, making it more about skill and analysis than mere luck.
Accessing Onchain Data with Azuro
Merging AI with blockchain for data analysis in sports betting presents a labyrinth of complexities. The volume and intricacy of blockchain data, coupled with the dynamic nature of sports events, make accurate prediction a formidable task.
With Azuro, Unibets was able to create a smart search engine enabling users to look for any stats of any game from a vast portfolio of Azuro markets, and query onchain betting data in a never-seen-before manner.
The integration also presented a unique opportunity for Unibets to leverage onchain management of bet positions. This feature is crucial in constructing a “money lego” based on these positions, an innovative concept that will allow Unibets to expand the possibilities within the platform. This was achieved by one of the key Azuro features — the token ID that allows to track the pool positions as NFTs. This feature opened up new possibilities for the betting pool, allowing Unibets to manage the positions through the received NFTs, a function Unibets found particularly innovative and beneficial.
Since Unibets relies to a high extent on the vastness and precision of betting data, it was particularly useful that Azuro provides its own subgraph with custom queries to access onchain data for all the bets that are processed by the Azuro contracts. With this data, Unibets has access to every game, every timestamp of each betting action, not to mention all the odds and markets.
Powered by machine learning and Azuro’s smart contracts, Unibets.ai aims to become the most accurate and comprehensive sports prediction tool on the market, giving betting a new dimension of data-driven strategy.
Azuro is the onchain predictions layer. It consists of modular tooling, oracle and liquidity solutions for EVM chains to host powerful prediction and gaming apps.
With its unique infrastructure layer approach, Azuro makes onchain predictions and gaming portable and composable. It allows anyone to engage and monetize users by building apps, integrations, and products quickly, permissionlessly and with zero upfront or running costs.
- Website: https://azuro.org/
- Docs: https://gem.azuro.org
- Github: https://github.com/Azuro-protocol
- Onchain activity: https://dune.com/azuro/stats
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