System and method for betting on a subset of participants in an event according to multiple groups
First Claim
Patent Images
1. A method for managing bets, comprising:
- receiving at least one group bet for an event having a set of participants, wherein a first group comprises a first subset of the participants and a second group comprises a second subset of the participants, the group bet comprising a bet that one of the first subset of participants will win the event;
receiving results of the event identifying a winning participant; and
determining an amount of a group bet payout for the group bet based on whether the first subset of participants includes the winning participant.
1 Assignment
0 Petitions
Accused Products
Abstract
A method of managing bets is provided. The method includes receiving at least one group bet for an event having a set of participants. A first group comprises a first subset of the participants and a second group comprises a second subset of the participants. The group bet comprises a bet that one of the first subset of participants will win the event. The method continues by receiving results of the event identifying a winning participant. The method concludes by determining an amount of a group bet payout for the group bet based on whether the first subset of participants includes the winning participant.
231 Citations
27 Claims
-
1. A method for managing bets, comprising:
-
receiving at least one group bet for an event having a set of participants, wherein a first group comprises a first subset of the participants and a second group comprises a second subset of the participants, the group bet comprising a bet that one of the first subset of participants will win the event;
receiving results of the event identifying a winning participant; and
determining an amount of a group bet payout for the group bet based on whether the first subset of 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, 23, 24, 25)
-
-
26. A method for managing bets, comprising:
-
identifying a set of participants of an event;
identifying a first group comprising a first subset of the participants, wherein the first subset comprises a plurality of participants;
identifying a second group comprising a second subset of the participants, wherein the second subset comprises a plurality of participants;
receiving a first group bet comprising a bet that one of the first subset of participants will win the event;
receiving a second group bet comprising a bet that one of the second subset of participants will win the event;
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.
-
-
27. A method of managing bets, comprising:
-
identifying a set of participants of an event;
identifying a first group comprising a first subset of the participants, wherein the first subset comprises a plurality of participants;
identifying a second group comprising a second subset of the participants, wherein the second subset comprises a plurality of participants;
receiving at least one group bet comprising a bet that one of the first subset of participants will win the event;
receiving results of the event identifying a winning participant; and
determining an amount of a group bet payout for the group bet based on whether the first subset of participants includes the winning participant.
-
Specification