Live Time Delay

The live time delay is the time a bet containing live selections is delayed to ensure that the client is protected from changes in market conditions (changes in prices, bet stops, ...) and customers at the venue with an edge over our scouts.

Live time delay validator calculates the required live time delay for the currently processed ticket according to global and limit ID settings.

The LTD model is a machine learning model that determines whether a customer's bet requires a live time delay to be applied or not. The model runs as the first step in the live time delay validation check for soccer, basketball and tennis selections (bets where all live selections are from these supported sports).

The LTD model is used for assessing late bet associated risk of in-play soccer and basketball bets. It uses ticket data as input (e.g. ticket probability, market and outcome of the bet, current score, match period and minute in match, …) and evaluates every live selection in a "late bet situation" – it is assessed how much margin will be lost (in relative term) if odds change or betstop occurs soon after the ticket placement. If the estimated Relative Expected Margin Loss is sufficiently low according to the configuration (viewed together for all live selections of a ticket), the LTD for the ticket is skipped. If not, the regular LTD validation is carried out.

LTD Model has an additional cushion based on customer's historical betting patterns. Customers with high probability of being late bets abusers and new customers are not allowed to skip LTD by LTD model. Historical patterns are re-evaluated daily and risky customers are marked accordingly. Bets coming from customers with low customer confidence factor (configurable limit) are always delayed, as well as high-liability bets (configurable by net-win threshold).

If the bet contains at least one live selection on a sport not covered by the LTD model, or the model determines that the LTD is necessary, a sequence of checks will be conducted to determine the delay that needs to be applied. Live time delay in MTS system can be set on five levels:

• customer,

• event,

• tournament,

• limit ID,

• global.

Customer level LTD is not a fixed value, but an offset in the range from -15 to 15 seconds that is deducted from or added on top of the calculated live time delay. Based on model output and the certainty levels, this value is automatically set to +2 or +4 seconds, while traders are free to manually adjust the offset as they see fit.

Event level LTD, if not set, inherits the value from the tournament level according to the coverage type (venue, TV, umpire). The value can be manually set in MTSC Fieldbook or Events pages. With the event data latency model, a machine learning model that detects latency for all events in real time, live time delay can be dynamically updated on event level when a discrepancy between the currently set and model-suggested live time delay is identified.

Tournament level LTD settings can be configured on the MTSC Tournaments page according to the coverage type (venue, TV, umpire). Live time delay of the events belonging to the configured tournament will inherit the values according to the event-level coverage type.

Limit ID level LTD settings, apart from allowing client to opt-out from LTD checks completely, also allow setting the limit ID specific LTD settings that can be used for different treatment of VIP and regular customers.

Global level LTD settings have the following global values:

• TV coverage: 8 seconds,

• venue coverage: 7 seconds,

• umpire coverage: 6 seconds.

Note

Maximum possible live time delay, regardless of the possible offset and event latency model output, is 15 seconds.

Note

When a ticket has more than three live selections, 2 seconds are deducted from the calculated live time delay, but just for customers with no additional live time delay applied on the customer level.