LVLup returns for new season of sports betting

October 12, 2022 World Industry Updates Sports

Investing platform LVLup has announced it is about to launch its third season – as part of a new marketing drive, following the return of Major League Baseball and the National Basketball Association.

The platform view sports betting as an asset, aiming to use it to deliver its consumers steady monthly returns. LVLup’s AI algorithm scans over 8 million data points and makes recommendations to its base every evening.

The company says its clients have made seven times their investment since LVLup began operations in 2020.

Commenting ahead of the new season, Justin Wehniainen, Founder and CEO, said: “With the right tools, mainly data and analytics, we give our clients a significant advantage over the sportsbooks, which allows them to realise consistent monthly returns, all while saving significant time.

“We want to take the guesswork out of betting and do the hard work for our clients to ensure they get the best possible experience and return on their investment. It really is a numbers game, and we are always 100% transparent with our clients, win or lose. We also diligently update our algorithm to make sure we draw on the most current data.”

In other recent sports betting AI news, Stats Platform revealed it will now offer clients an alternative to human commentators after agreeing a new deal with Veritone.

Veritone Voice supports both text-to-speech and speech-to-speech “AI modalities” and covers multiple languages, such as English, Spanish, French, Japanese and Arabic.

When combined with Opta data from Stats Perform, this technology will supposedly enhance broadcasters’ coverage.