System and method for betting on a subset of participants in an event
First Claim
1. A method of managing bets, comprising:
- identifying a set of participants of an event;
receiving one or more group bets, each group bet comprising a bet that one of a subset of the set of participants will win the event, wherein the subset comprises a plurality of participants;
receiving results of the event identifying a winning participant; and
determining an amount of a group bet payout for at least one of the group bets based on whether the subset of the participants includes the winning participant.
1 Assignment
0 Petitions
Accused Products
Abstract
A method of managing bets is provided. The method includes receiving win bets and group bets. Each win bet includes a bet that a participant selected from a set of participants in an event will win the event. Each group bet includes a bet that one of a subset of the set of participants will win the event. Results of the event identifying a winning participant from the set of participants are received. An amount of a win bet payout for at least a portion of the win bets that comprise a bet on the winning participant is determined. An amount of a group bet payout for at least one of the group bets is also determined. In this manner, a bettor may bet on all participants in an event other than a particular participant, such as the favorite participant, and thus effectively bet against the particular participant.
-
Citations
44 Claims
-
1. A method of managing bets, comprising:
-
identifying a set of participants of an event;
receiving one or more group bets, each group bet comprising a bet that one of a subset of the set of participants will win the event, wherein the subset comprises a plurality of participants;
receiving results of the event identifying a winning participant; and
determining an amount of a group bet payout for at least one of the group bets based on whether the subset of the participants includes the winning participant. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21)
-
-
22. A method for managing bets, comprising:
-
identifying a set of participants of an event;
receiving a first group bet comprising a bet that one of a first subset of the set of participants will win the event, wherein the first subset comprises a plurality of participants;
receiving at least one other group bet comprising a bet that one of a second subset of the set of participants will win the event, wherein the second subset comprises a plurality of participants;
receiving results of the event identifying a winning participant; and
determining an amount of a group bet payout for at least one of the group bets based on whether the corresponding subset of participants includes the winning participant. - View Dependent Claims (23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42)
-
-
43. A method of managing bets, comprising:
-
identifying a set of participants of an event;
receiving one or more first group bets for the event, each first group bet comprising a bet that one of a first subset of the set of participants will win the event, the first subset of participants excluding at least one participant from the set of participants;
receiving one or more second group bets for the event, each second group bet comprising a bet that one of a second subset of the set of participants will win the event, the second subset of participants excluding at least one participant from the set of participants, at least one participant excluded from the second subset of participants being different than at least one participant excluded from the first subset of participants;
receiving results of the event identifying a winning participant;
determining an amount of a first group bet payout for at least one of the first group bets based at least on whether the first subset of participants includes the winning participant; and
determining an amount of a second group bet payout for at least one of the second group bets based at least on whether the second subset of participants includes the winning participant. - View Dependent Claims (44)
-
Specification