Method for showing the significance of a bettor's stake

• US 20040235560A1
• Filed: 05/18/2004
• Published: 11/25/2004
• Est. Priority Date: 05/19/2003
• Status: Abandoned Application

• Current Assignee: Michael T. Rossides
• Original Assignee: Michael T. Rossides
• Inventors: Rossides, Michael T.
• Application Number:
  US10/848,753
• Publication Number:
  US 20040235560A1
• Time in Patent Office: Days
• US Class Current: 463/25
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 50/34 Betting or bookmaking, e.g. Internet betting
• CPC Class Codes: G07F 17/32 for games, toys, sports, or amusements
• CPC Class Codes: G07F 17/3237 about the players, e.g. profiling, responsible gaming, strategy/behavior of players, location of players
• CPC Class Codes: G07F 17/3288 Betting, e.g. on live events, bookmaking

Abstract

We disclose a core method and sub-methods for improving the communication value of bets by enabling the evaluation of a bettor'"'"'s stake in a bet offer or agreement. A bettor enters financial data describing his financial resources into an online computer database system for transacting and/or displaying bets. The online database includes formulas for using the financial data to generate measures of the bettor'"'"'s stake relative to the bettor'"'"'s financial resources. Accordingly, when the bettor enters a bet offer into the transaction/display system, the system invokes these formulas and generates and displays measures of the bettor'"'"'s stake in the bet offer. These measures can be viewed along with the bet. Human entered characterizations of a bettor'"'"'s stake can also be included within the inventive method.

Claims

1. A method for enhancing and operating a bet display system, said method comprised of the following steps:

entering and storing raw, financial data describing a bettor'"'"'s financial condition in a financial profile of said bettor,

entering a storing a bet offer made by said bettor, including an amount of money that said bettor has at stake,

upon a request by a user to display said bettor'"'"'s bet offer, also displaying said profile data along with said offer.

2. A method for enhancing and operating a bet display system, said method comprised of the following steps:

entering and storing raw, financial data describing a bettor'"'"'s financial condition in a financial profile of said bettor,

entering a storing a bet offer made by said bettor, including an amount of money that said bettor has at stake,

upon a request by a user to display said bettor'"'"'s bet offer, invoking an algorithm for generating statistics from said financial data, said statistics measuring the significance of said bettor'"'"'s stake relative to said bettor'"'"'s net worth.