System and method for creating betting instruments
First Claim
1. A method comprising:
- starting a first betting session;
communicating, by the at least one processor, betting product information to at least one user;
receiving, by the at least one processor, a plurality of bet requests for wagering on at least one betting product from the at least one user, each of the plurality of bet requests comprising at least one betting term from the betting product information;
validating one of the plurality of the bet requests;
determining, by the at least one processor, that a numerical term associated with another of the plurality of the bet requests is within a non-zero range from a corresponding numerical term associated with the validated one of the plurality of the bet requests;
validating automatically, by the at least one processor, the another of the plurality of the bet requests based on the act of determining that the numerical term associated with the another of the plurality of the bet requests is within the non-zero range from the corresponding numerical term associated with the validated one of the plurality of the bet requests;
based at least in part on the act of validating the one of the plurality of the bet requests and the act of validating the another of the plurality of the bet requests, creating, by the at least one processor, a betting instrument for each validated bet request; and
settling bets associated with the betting instruments.
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Accused Products
Abstract
Systems and methods are provided for creating and managing bets. In an exemplary embodiment, a first betting session may be started. Betting product information may be communicated to at least one user. A plurality of bet requests for wagering on at least one betting product may be received from the at least one user. Each of the plurality of bet requests may comprise at least one betting term from the betting product information. One of the bet requests may be validated. Another of the bet requests may be validated based on a term associated with the other bet request being within a range from a corresponding term associated with the validated bet request. A betting instrument may be created for each validated bet request. Bets associated with the betting instruments may be settled.
216 Citations
33 Claims
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1. A method comprising:
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starting a first betting session; communicating, by the at least one processor, betting product information to at least one user; receiving, by the at least one processor, a plurality of bet requests for wagering on at least one betting product from the at least one user, each of the plurality of bet requests comprising at least one betting term from the betting product information; validating one of the plurality of the bet requests; determining, by the at least one processor, that a numerical term associated with another of the plurality of the bet requests is within a non-zero range from a corresponding numerical term associated with the validated one of the plurality of the bet requests; validating automatically, by the at least one processor, the another of the plurality of the bet requests based on the act of determining that the numerical term associated with the another of the plurality of the bet requests is within the non-zero range from the corresponding numerical term associated with the validated one of the plurality of the bet requests; based at least in part on the act of validating the one of the plurality of the bet requests and the act of validating the another of the plurality of the bet requests, creating, by the at least one processor, a betting instrument for each validated bet request; and settling bets associated with the betting instruments. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16)
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17. A system comprising at least one processor and a memory element having software stored thereon that when executed performs a method comprising:
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starting a first betting session; communicating betting product information to at least one user; receiving a plurality of bet requests for wagering on at least one betting product from the at least one user, each of the plurality of bet requests comprising at least one betting term from the betting product information; validating one of the plurality of the bet requests; determining, by the at least one processor, that a numerical term associated with another of the plurality of the bet requests is within a non-zero range from a corresponding numerical term associated with the validated one of the plurality of the bet requests; validating automatically the another of the plurality of the bet requests based on the act of determining that the numerical term associated with the another of the plurality of the bet requests is within the non-zero range from the corresponding numerical term associated with the validated one of the plurality of the bet requests; based at least in part on the act of validating the one of the plurality of the bet requests and the act of validating the another of the plurality of the bet requests, creating a betting instrument for each validated bet request; and settling bets associated with the betting instruments. - View Dependent Claims (18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32)
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33. A system comprising at least one processor and a memory element having software stored thereon that when executed performs a method comprising:
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starting a first betting session; communicating betting product information to at least one user; receiving a plurality of bet requests for wagering on at least one betting product from the at least one user, each of the plurality of bet requests comprising at least one betting term from the betting product information; validating one of the plurality of the bet requests; determining, by the at least one processor, that a numerical term associated with another of the plurality of the bet requests is within a predetermined non-zero range from a corresponding numerical term associated with the validated one of the plurality of the bet requests, in which the numerical term associated with the validated one of the plurality of the bet requests consists of a specific numerical value that is not a range, and in which the numerical term associated with the another of the plurality of the bet requests consists of a specific numerical value that is not a range; creating a betting instrument for the another of the plurality of the bet requests based on the act of determining that the numerical term associated with the another of the plurality of the bet requests is within the predetermined non-zero range from the corresponding numerical term associated with the validated one of the plurality of the bet requests; and settling bets associated with the betting instruments.
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Specification