In-running wagering
First Claim
Patent Images
1. A method, comprising:
- receiving by at least one processor state information of a live event in real time, in which the live event comprises a sporting event played by human players according to predetermined rules that are used to determine at least one winner of the sporting event, in which at least a portion of the sporting event is played at a playing area;
determining by the at least one processor an initial state and a plurality of possible future states of a performance parameter of the live event based on the state information;
creating by the at least one processor a first betting market for betting on at least one of the plurality of possible future states, in which a first one of the possible future states is defined by a first location of the playing area, in which the plurality of users comprises a first user;
causing, by the at least one processor, images associated with the sporting event to be displayed to the first user at a touch-sensitive display device, the images comprising at least one image of the playing area comprising an image of the first location;
receiving by the at least one processor from a first of a plurality of users a first bet comprising a selection of the first possible future state, in which the act of receiving the first bet comprises receiving indicia of a touching of the image of the first location of the playing area corresponding to the first one of the plurality of possible future states defined by the first location;
closing by the processor the first betting market;
after closing the first betting market, determining by the at least one processorthat the possible future state selected by the first user actually occurred; and
automatically paying a payout to the first user based on the first bet and the act of determining that the first possible future state selected by the first user actually occurred.
2 Assignments
0 Petitions
Accused Products
Abstract
Methods and systems are provided herewith for creating and managing wagers on possible states within a live event, such as possible outcomes of subparts of a sporting event or other possible occurrences within the event. An initial state and multiple possible future states of a performance parameter of the event are determined based on state information of the event. A betting market may be created by determining probabilities and odds for the possible future states. Bets may be made on the possible future states via a touch-sensitive display. A payout may be made to a winner who selects a possible future state that actually occurs.
-
Citations
20 Claims
-
1. A method, comprising:
-
receiving by at least one processor state information of a live event in real time, in which the live event comprises a sporting event played by human players according to predetermined rules that are used to determine at least one winner of the sporting event, in which at least a portion of the sporting event is played at a playing area; determining by the at least one processor an initial state and a plurality of possible future states of a performance parameter of the live event based on the state information; creating by the at least one processor a first betting market for betting on at least one of the plurality of possible future states, in which a first one of the possible future states is defined by a first location of the playing area, in which the plurality of users comprises a first user; causing, by the at least one processor, images associated with the sporting event to be displayed to the first user at a touch-sensitive display device, the images comprising at least one image of the playing area comprising an image of the first location; receiving by the at least one processor from a first of a plurality of users a first bet comprising a selection of the first possible future state, in which the act of receiving the first bet comprises receiving indicia of a touching of the image of the first location of the playing area corresponding to the first one of the plurality of possible future states defined by the first location; closing by the processor the first betting market; after closing the first betting market, determining by the at least one processor that the possible future state selected by the first user actually occurred; and automatically paying a payout to the first user based on the first bet and the act of determining that the first possible future state selected by the first user actually occurred. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18)
-
-
19. An apparatus comprising:
-
at least one processor; and at least one memory having instructions stored thereon that are configured to, when executed by the at least one processor, direct the at least one processor to; receive state information of a live event in real time, in which the live event comprises a sporting event played by human players according to predetermined rules that are used to determine at least one winner of the sporting event; determine an initial state and a plurality of possible future states of a performance parameter of the live event based on the state information; create a first betting market for betting on at least one of the plurality of possible future states, in which a first one of the possible future states is defined by a first location of the playing area, in which the plurality of users comprises a first user; cause images associated with the sporting event to be displayed to the first user at a touch-sensitive display device, the images comprising at least one image of the playing area comprising an image of the first location; receive from a first of a plurality of users a first bet comprising a selection of the first possible future state, in which the act of receiving the first bet comprises receiving indicia of a touching of the image of the first location of the playing area corresponding to the first one of the plurality of possible future states defined by the first location; close the first betting market; after closing the first betting market, determine by the at least one processor that the possible future state selected by the first user actually occurred; and automatically pay a payout to the first user based on the first bet and the act of determining that the first possible future state selected by the first user actually occurred.
-
-
20. An apparatus comprising:
-
means for receiving state information of a live event in real time, in which the live event comprises a sporting event played by human players according to predetermined rules that are used to determine at least one winner of the sporting event; means for determining an initial state and a plurality of possible future states of a performance parameter of the live event based on the state information; means for creating a first betting market for betting on at least one of the plurality of possible future states, in which a first one of the possible future states is defined by a first location of the playing area, in which the plurality of users comprises a first user; means for causing images associated with the sporting event to be displayed to the first user at a touch-sensitive display device, the images comprising at least one image of the playing area comprising an image of the first location; means for receiving from a first of a plurality of users a first bet comprising a selection of the first possible future state, in which the act of receiving the first bet comprises receiving indicia of a touching of the image of the first location of the playing area corresponding to the first one of the plurality of possible future states defined by the first location; means for closing the first betting market; means for determining that the possible future state selected by the first user actually occurred after closing the first betting market; and means for paying a payout to the first user based on the first bet and the act of determining that the first possible future state selected by the first user actually occurred.
-
Specification