Onchain Sports Odds
Last updated
Last updated
Thales Sports markets are not only bringing the game to the blockchain; it’s doing it with some of the best odds available across all sportsbooks. These odds come from Pinnacle Sportsbook, a highly respected bookmaker with customers in over 100 countries. Data for Tennis is provided by EnetPulse, with instant score updates used to price and resolve Tennis markets. Golf tournaments are supported by JsonOdds.
Pinnacle Sports has been around since 1998 and is considered to be one of the most trustworthy sportsbooks on the internet. The level of security they employ is top notch, with the same strong encryption and security standards used by top financial institutions. It is also one of the few sportsbooks to offer odds on eSports.
Pinnacle calculates their odds by combining old school methods like “power rankings” with cutting edge data analysis. Pinnacle uses individual player statistics, team schedules and past performance along with the interpretation of trends and other factors when creating these power rankings while also relying on decades of data to arrive at their odds.
Pinnacle supplies these odds to The Rundown's API which makes them available to Chainlink and the blockchain.
EnetPulse has provided live data via XML or API data feeds to over 200 international clients for over 20 years. They offer over 80 different sports, with point-by-point data for ATP Tennis used for Overtime's Tennis markets.
JsonOdds is a simple and modern API for delivering odds for sporting events. TIP-150 made it possible to add data from JsonOdds for professional golf tournaments.
Thales Sports AMM receives these odds on-chain via Chainlink data feeds and uses them to price their positional tokens for each market. Pricing for a single dollar of potential profit is equivalent to the implied win probability of the position, but as a decimal instead of a percentage. If a Home win has a price of 0.60 per 1 dollar of potential profit, you can infer the implied win probability of that position, based off of the data supplied by Pinnacle, is 60%.
