Products and processes for processing information related to weather and other events
First Claim
Patent Images
1. A method comprising:
- receiving by at least one processor a first plurality of bets from a computer in communication with the at least one processor over a network, in which the first plurality of bets are defined at least in part by a first time period and a weather-related event, and in which each of the first plurality of bets is further defined at least in part by;
a respective amount wagered,a respective geographic area comprising at least one human population center, the respective geographic area being within a geographic region comprising a plurality of human population centers, anda predicted occurrence of the weather-related event;
displaying at a display device communicatively coupled to the at least one processor data that represents the first plurality of bets;
pooling at least a portion of the amounts wagered for each of the first plurality of bets into a first plurality of pools, the first plurality of pools comprising at least two pools corresponding to at least two different geographic regions;
determining by the at least one processor an outcome of a weather-related event, in which the act of determining the outcome comprises determining that the weather-related event occurred in at least one specific one of the geographic areas;
determining by the at least one processor at least one winner based on the bets and the outcome, the at least one winner having placed at least one winning bet defined at least in part by the at least one specific one of the geographic areas;
determining by the at least one processor at least one payout for the at least one winner; and
paying the at least one payout from at least one of the first plurality of pools to the at least one winner.
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Abstract
According to an embodiment, a method includes receiving a plurality of bets, in which each bet defines a respective amounted wagered, a respective area, and a respective weather-related event. Data that represents the plurality of bets is displayed. An outcome of a weather-related event is determined and at least one winner is determined based on the bets and the outcome.
191 Citations
31 Claims
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1. A method comprising:
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receiving by at least one processor a first plurality of bets from a computer in communication with the at least one processor over a network, in which the first plurality of bets are defined at least in part by a first time period and a weather-related event, and in which each of the first plurality of bets is further defined at least in part by; a respective amount wagered, a respective geographic area comprising at least one human population center, the respective geographic area being within a geographic region comprising a plurality of human population centers, and a predicted occurrence of the weather-related event; displaying at a display device communicatively coupled to the at least one processor data that represents the first plurality of bets; pooling at least a portion of the amounts wagered for each of the first plurality of bets into a first plurality of pools, the first plurality of pools comprising at least two pools corresponding to at least two different geographic regions; determining by the at least one processor an outcome of a weather-related event, in which the act of determining the outcome comprises determining that the weather-related event occurred in at least one specific one of the geographic areas; determining by the at least one processor at least one winner based on the bets and the outcome, the at least one winner having placed at least one winning bet defined at least in part by the at least one specific one of the geographic areas; determining by the at least one processor at least one payout for the at least one winner; and paying the at least one payout from at least one of the first plurality of pools to the at least one winner. - View Dependent Claims (2, 3, 4, 5)
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6. An apparatus comprising:
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at least one processor; and a memory that stores instructions which, when executed by the at least one processor, directs the at least one processor to; receive a first plurality of bets from a computer in communication with the at least one processor over a network, in which the first plurality of bets are defined at least in part by a first time period and a weather-related event, and in which each of the first plurality of bets is further defined at least in part by; a respective amount wagered, a respective geographic area comprising at least one human population center, the respective geographic area being within a geographic region comprising a plurality of human population centers, and a predicted occurrence of the weather-related event; display at a display device communicatively coupled to the at least one processor data that represents the first plurality of bets; pool at least a portion of the amounts wagered for each of the first plurality of bets into a first plurality of pools, the first plurality of pools comprising at least two pools corresponding to at least two different geographic regions; determine an outcome of a weather-related event, in which the act of determining the outcome comprises determining that the weather-related event occurred in at least one specific one of the geographic areas; determine at least one winner based on the bets and the outcome, the at least one winner having placed at least one winning bet defined at least in part by the at least one specific one of the geographic areas; determine at least one payout for the at least one winner; and pay the at least one payout from at least one of the first plurality of pools to the at least one winner. - View Dependent Claims (8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31)
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7. A hardware storage device that includes a software program which, when executed by at least one processor, directs the at least one processor to:
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receive a first plurality of bets from a computer in communication with the at least one processor over a network, in which the first plurality of bets are defined at least in part by a first time period and a weather-related event, and in which each of the first plurality of bets is further defined at least in part by; a respective amount wagered, a respective geographic area within a geographic region, and a predicted occurrence of the weather-related event; display at a display device communicatively coupled to the at least one processor data that represents the first plurality of bets; pool at least a portion of the amounts wagered for each of the first plurality of bets into a first plurality of pools, the first plurality of pools comprising at least two pools corresponding to at least two different geographic regions; determine an outcome of a weather-related event, in which the act of determining the outcome comprises determining that the weather-related event occurred in at least one specific one of the geographic areas; determine at least one winner based on the bets and the outcome, the at least one winner having placed at least one winning bet defined at least in part by the at least one specific one of the geographic areas; determine at least one payout for the at least one winner; pay the at least one payout from at least one of the first plurality of pools to the at least one winner; receive a second plurality of bets defined at least in part by a second time period and an occurrence of the weather-related event, in which each of the second plurality of bets is further defined at least in part by; a respective amount wagered, a respective geographic area within a geographic region comprising a plurality of human population centers, the respective geographic area comprising at least one human population center, pool at least a portion of the amounts wagered for each of the second plurality of bets into a second plurality of pools, the second plurality of pools comprising at least two pools corresponding to different geographic regions; after an end of the second time period, determine that the occurrence of the weather-related event did not occur during the second time period; and disbursing at least a portion of funds from the second plurality of pools to one or more other pools corresponding to one or more other betting events.
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Specification