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System and method for betting on a participant in a group of events

  • US 8,764,558 B2
  • Filed: 09/14/2012
  • Issued: 07/01/2014
  • Est. Priority Date: 03/31/2003
  • Status: Expired due to Term
First Claim
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1. A method comprising:

  • receiving, by at least one computer processor, a first bet that the total number of units earned by a particular participant over the course of a plurality of events will fall within a first range of numbers, the particular participant selected from at least three participants each participating in at least one of the plurality of events, the particular participant participating in at least two of the plurality of events, the first bet having an associated bet amount;

    determining, by the at least one computer processor, the total number of units earned by the particular participant based at least in part on the positioning of the particular participant in each of at least two of the plurality of events;

    determining, by the at least one computer processor, whether the first bet is a winning bet based at least in part on whether the total number of units earned by the particular participant over the course of the plurality of events falls within the first range of numbers; and

    causing, by the at least one computer processor, a payout to be paid on the first bet based on a determination that the total number of units earned by the particular participant over the course of the plurality of events falls within the first range of numbers.

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