SPORTS BETTING MODEL

• US 20160217653A1
• Filed: 12/21/2015
• Published: 07/28/2016
• Est. Priority Date: 01/23/2015
• Status: Abandoned Application

• Current Assignee: Beyer, David M.
• Original Assignee: Beyer, David M.
• Inventors: Beyer, David M.
• Application Number:
  US14/976,395
• Publication Number:
  US 20160217653A1
• Time in Patent Office: Days
• US Class Current: 1/1
• CPC Class Codes: G07F 17/3227 Configuring a gaming machine, e.g. downloading personal settings, selecting working parameters
• CPC Class Codes: G07F 17/326 Game play aspects of gaming systems
• CPC Class Codes: G07F 17/3288 Betting, e.g. on live events, bookmaking

Abstract

A sports betting system for creating and processing a sports betting entertainment for a plurality of sports bettors. The sports bettors select a plurality of sporting contests from the at least one sporting category. The sports bettors select at least one of the plurality of sports teams as a winning team in each of the plurality of sporting contests. The at least one of the plurality of sports bettors is selected as the won bettor when the plurality of sports teams selected by the at least one of the plurality of sports bettors has won in the plurality of sporting contests. The sports betting entertainment created by the sports betting system is derived from combining several sporting events from a specific category or specific categories into a single betting opportunity and requiring the bettor to successfully select the winner in a daily specified required number of contests.

Claims

1. A method for creating and processing a sports betting entertainment for a plurality of sports bettors utilizing a sports betting system residing on a computer having a processor coupled with a memory unit integrated with a sports betting database via a network, the method comprising the steps of:

(a) selecting at least one sporting category by the plurality of sports bettors it utilizing a web based betting platform installed on an electronic device;

(b) selecting a plurality of sporting contests from the at least one sporting category by the plurality of sports bettors, each of the plurality of sporting contests includes a plurality of sports teams;

(c) determining a count of daily contests to be conducted on a specific day by each of the plurality of sports bettors;

(d) placing a plurality of sports bets by selecting at least one of the plurality of sports teams as a winning team in each of the plurality of sporting contests by the plurality of sports bettors via the web based betting platform;

(e) storing the at least one sporting category, the plurality of sporting contests, the count of daily contests selected by the plurality of sports bettors and the plurality of sports bets at the sports betting database;

(f) submitting the plurality of sports bets placed by each of the plurality of sports bettors to a bet processing module at the processor via the web based betting platform by the plurality of sports bettors before the commencement of the plurality of sporting contests;

(g) accepting the plurality of sports bets by the bet processing module;

(h) informing results of the plurality of sports teams to the plurality of sports bettors after the completion of the plurality of sporting contests via the network by the bet processing module;

(i) retrieving the plurality of sports bets submitted by the plurality of sports bettors from the sports betting database;

(j) comparing the results of the plurality of sports teams with the plurality of sports bets submitted by each of the plurality of sports bettors;

(k) selecting at least one of the plurality of sports bettors as a won bettor when the at least one of the plurality of sports teams in each of the plurality of sporting contests selected by the at least one of the plurality of sports bettors at step (d) has won in the plurality of sporting contests;

(l) providing rewards to the at least one won bettor via the web based betting platform; and

(m) performing at least one action to at least one non-winning bettor in the is plurality of sports bettors by the bet processing module;

whereby the bet processing module provides an opportunity for the plurality of sports bettors to earn higher payoffs through the selection of a multiple number of winning teams in the plurality of sporting contests.

2. The method of claim 1 wherein the at least one action at step (m) includes rejecting payments to the at least one non-winning bettor when the plurality of sports teams selected by the at least one non-winning bettor did not win in the plurality of sporting contests.

3. The method of claim 1 wherein the at least one sporting category includes pro football, college football, pro basketball, college basketball, pro baseball, pro soccer and pro hockey.

4. The method of claim 1 allows the plurality of sports bettors to select the plurality of sporting contests from the at least one sporting category one to seven times a week.

5. The method of claim 1 wherein the web based betting platform selects the at least one won bettor without any handicapping points, goals or dollars.

6. The method of claim 1 wherein the bet processing module declares the selection of the at least one won bettor as incorrect when at least one of the plurality of sporting contests ends in a tie except in the contests of pro soccer.

7. The method of claim 1 wherein the bet processing module rejects the at least one of the plurality of sports bets if the plurality of sports bettors submits the plurality of sports bets after the commencement of the plurality of sporting contests.

8. The method of claim 1 wherein the electronic device is selected from a group consisting of:

a smart phone, a laptop, a personal computer, a tablet computing device and a hand-held digital media communication device.

9. A sports betting system for creating and processing a sports betting entertainment for a plurality of sports bettors, the sports betting system comprises:

a processor having a bet processing module; and

a memory unit coupled with the processor and a sports betting database, the memory unit stores instructions which when executed directs the processor to;

enable the plurality of sports bettors to select at least one sporting category utilizing a web based betting platform installed on an electronic device;

enable each of the plurality of sports bettors to select a plurality of sporting contests from the at least one sporting category, each of the plurality of sporting contests includes a plurality of sports teams;

allow each of the plurality of sports bettors to determine a count of daily contests to be conducted on a specific day;

enable the plurality of sports bettors to place a plurality of sports bets by selecting at least one of the plurality of sports teams as a winning team in each of the plurality of sporting contests via the web based betting platform;

store the at least one sporting category, the plurality of sporting contests, the count of daily contests selected by the plurality of sports bettors and the plurality of sports bets at a sports betting database integrated in the memory unit via a network;

allow the plurality of sports bettors to submit the plurality of sports bets placed by each of the plurality of sports bettors to the bet processing module via the web based betting platform by the plurality of sports bettors before the commencement of the plurality of sporting contests;

enable the bet processing module to accept the plurality of sports bets;

enable the bet processing module to inform results of the plurality of sports teams to the plurality of sports bettors after the completion of the plurality of sporting contests via the network;

enable the bet processing module to retrieve the plurality of sports bets submitted by the plurality of sports bettors from the sports betting database;

allow the bet processing module to compare the results of the plurality of sports teams with the plurality of sports bets submitted by each of the plurality of sports bettors;

allow the bet processing module to select at least one of the plurality of sports bettors as a won bettor when the at least one of the plurality of sports teams in each of the plurality of sporting contests selected by the at least one of the plurality of sports bettors has won in the plurality of sporting contests;

enable the bet processing module to provide rewards to the at least one won bettor via the web based betting platform; and

enable the bet processing module to perform at least one action to at least one non-winning bettor in the plurality of sports bettors;

whereby the bet processing module provides art opportunity for the plurality of sports bettors to earn higher payoffs through the selection of a multiple number of winning teams in the plurality of sporting contests.

10. The sports betting system of claim 9 wherein the at least one action includes rejecting payments to the at least one non-winning bettor when the plurality of sports teams selected by the at least one non-winning bettor did not win in the plurality of sporting contests.

11. The sports betting system of claim 9 wherein the at least one of the sporting category includes pro football, college football, pro basketball, college basketball, pro baseball, pro soccer and pro hockey.

12. The sports betting system of claim 9 allows the plurality of sports bettors to select the plurality of sporting contests from the at least one sporting category one to seven times a week.

13. The sports betting system of claim 9 wherein the web based betting platform selects the at least one won bettor without any handicapping points, goals or dollars.

14. The sports betting system of claim 9 wherein the bet processing module declares the selection of the at least one won bettor as incorrect when at least one of the plurality of sporting contests ends in a tie except in the contests of pro soccer.

15. The sports betting system of claim 9 wherein the bet processing module rejects the at least one of the plurality of sports bets if the plurality of sports bettors submits the plurality of sports bets after the commencement of the plurality of sporting contests.

16. The sports betting system of claim 9 wherein the communication device is selected from a group consisting of a smart phone, a laptop, a personal computer, a tablet computing device and a hand-held digital media communication device.

17. A non-transitory computer-readable medium having computer-readable program code embodied therein which when executed by a computer having a processor and a memory unit causes the computer to perform the following steps:

(a) selecting at least one sporting category by a plurality of sports bettors utilizing a web based betting platform installed on an electronic device;

(b) selecting a plurality of spotting contests from the in least one sporting category by the plurality of sports bettors, each of the plurality of sporting contests includes a plurality of sports teams;

(c) determining a count of daily contests to be conducted on a specific day by each of the plurality of sports bettors;

(d) placing a plurality of sports bets by selecting at least one of the plurality of sports teams as a winning team in each of the plurality of sporting contests by the plurality of sports bettors;

(e) storing the at least one sporting category, the plurality of sporting contests, the count of daily contests selected by the plurality of sports bettors and the plurality of sports bets at a sports betting database in the memory unit via a network;

(f) submitting the plurality of sports bets placed by each of the plurality of sports bettors to a bet processing module at the processor via the web based betting platform by the plurality of sports bettors before the commencement of the plurality of sporting contests;

(g) accepting the plurality of sports bets by the bet processing module;

(h) informing results of the plurality of sports teams to the plurality of sports bettors after the completion of the plurality of sporting contests via the network;

(i) retrieving the plurality of sports bets submitted by the plurality of sports bettors from the sports betting database;

(j) comparing the results of the plurality of sports teams with the plurality of sports bets submitted by each of the plurality of sports bettors;

(k) selecting at least one of the plurality of sports bettors as a won bettor when the at least one of the plurality of sports teams in each of the plurality of sports contests selected by the at least one of the plurality of sports bettors at step (d) has won in the plurality of sporting contests;

(l) providing rewards to the at least one won bettor via the web based betting platform; and

(m) performing at least one action to at least one non-winning bettor in the plurality of sports bettors by the bet processing module;

whereby the bet processing module provides an opportunity for the plurality of sports bettors to earn higher payoffs through the selection of a multiple number of winning teams in the plurality of sporting contests.

18. The non-transitory computer-readable medium of claim 17 wherein the at least one action at step (m) includes rejecting payments to the at least one non-winning bettor when the plurality of sports teams selected by the at least one non-winning bettor did not win in the plurality of sporting contests.

19. The non-transitory computer-readable medium of claim 17 wherein the plurality of sporting categories in hides pro football, college football, pro basketball, college basketball, pro baseball, pro soccer and pro hockey.

20. The non-transitory computer-readable medium of claim 17 allows the plurality of sports bettors to select the plurality of sporting contests from the at least one sporting category one to seven times a week.

21. The non-transitory computer-readable medium of claim 17 wherein the web based betting platform selects the at least one of won bettor without any handicapping points, goals or dollars.

22. The non-transitory computer-readable medium of claim 17 wherein the bet processing module declares the selection of the at least one won bettor as incorrect when at least one of the plurality of sporting contests ends in a tie except in contests of pro soccer.

23. The non-transitory computer-readable medium of claim 17 wherein the bet processing module declares the selection of the at least one won bettor as incorrect when at least one of the plurality of sporting contests ends in a tie except in the contests of pro soccer.

24. The non-transitory computer-readable medium of claim 17 wherein the communication device is selected from a group consisting of a smart phone, a laptop, a personal computer, a tablet computing device and a hand-held digital media communication device.