Sky Sport has been using Wasp for the past three summers.
Alan Henderson, Sky Sport cricket producer, says it has enhanced its coverage. "It's a very simple way of getting a feel for the game at home and predicting where the match is heading."
It was picked up by British broadcaster BSkyB last year and used in its English cricket coverage. But it has not caught on elsewhere, unlike other innovations - stump-cam, run-out cameras, Snicko-Meter, infrared Hot Spot, or even the complicated Duckworth-Lewis mathematical formula designed to calculate the target score for the team batting second in a rain-affected match.
ESPN Star Sports and Star Cricket, which paid US$2 billion ($2.7 billion) to secure the broadcasting rights of the 2015 Cricket World Cup hosted by New Zealand and Australia over February and March, is understood not to be using Wasp for its tournament coverage for its potential market of 2.5 billion viewers.
The Herald's view of the Wasp earlier this week.
Former Black Caps opener and Canterbury captain Peter Fulton said players paid no attention to Wasp, describing it as "a bit of a gimmick".
"When I watch a game, I don't take much notice," said the veteran of 49 ODIs. "It might help someone who doesn't know much about cricket but if you know the game then you always have a fair idea of how evenly the game is poised."
Yesterday, when the Black Caps were 238/5 after 40 overs, Wasp forecast New Zealand would score 304 from its 50 overs.
However, remarkable batting from Luke Ronchi (170 not out) and Grant Elliott (104 not out) pushed the final total up to 360/5.
During Tuesday's ODI between New Zealand and Sri Lanka in Nelson, Wasp - which does not take into account which player is batting at the time - came under criticism for apparently writing off the home side's chances of winning.
In the second innings, the Black Caps' chance of successfully chasing down Sri Lanka's score of 276 plummeted to 14 per cent at one stage - yet New Zealand won comfortably in the end.
Radio Sport reporter Guy Heveldt vented on Twitter: "If there's one game to prove Wasp is a waste of time and energy, that was it. Below 30 per cent nearly the whole time #NZvSL."
But Dr Hogan rigorously defended his brainchild.
"If Wasp says 51 per cent, the team is just slightly ahead. If it says 96 per cent, they are well ahead.
"At 14 per cent, as it was on Tuesday, it says New Zealand has a one in seven chance of winning the game," he said. "That example doesn't show that Wasp is rubbish - it shows that [Kane] Williamson, [Grant] Elliott and [Luke] Ronchi actually played really bloody well."
Dr Hogan, who created the system with University of Canterbury PhD graduate Scott Brooker, said part of the criticism emerges because it is "badly named".
"It's not a predictor, it's a statement of how well a team is doing, not what you expect to happen."
Dr Hogan said he was "disappointed" Wasp would not be used during the World Cup.