Systems and methods for betting pools

• US 9,070,257 B1
• Filed: 04/11/2014
• Issued: 06/30/2015
• Est. Priority Date: 04/11/2014
• Status: Active Grant

• Current Assignee: Russell Scalise
• Original Assignee: Russell Scalise
• Inventors: Scalise, Russell
• Primary Examiner(s): Elisca, Pierre E
• Application Number:
  US14/251,289
• Time in Patent Office: 445 Days
• Field of Search: 463/26, 463/27, 463/28
• US Class Current: 1/1
• 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

Various embodiments described herein provide systems and methods that establish a betting pool associated with a plurality of pool participants and associated with a plurality of real-life events scheduled to occur over a time period. For a first participant of the plurality of pool participants, the systems and methods may receive a first points wager on a first predicted outcome of a first real-life event of the plurality of real-life events, update the points balance in the points account based on the first points wager and on a first actual outcome of the first real-life event, receive a second points wager on a second predicted outcome of a second real-life event of the plurality of real-life events, and update the points balance in the points account based on the second points wager and on a second actual outcome of the second real-life event.

Claims

1. A method comprising:

establishing, by a digital device, a betting pool, the betting pool being associated with a plurality of pool participants and with a plurality of real-life events scheduled to occur over a time period;

associating, by the digital device, each participant of the plurality of pool participants with points in a points account; and

for a first participant of the plurality of pool participants;

receiving, by the digital device, a first points wager on a first predicted outcome of a first real-life event of the plurality of real-life events, the first points wager being for at least a first subset of the points in the points account,

updating, by the digital device, the points in the points account based on the first points wager and on a first actual outcome of the first real-life event,

receiving, by the digital device, a second points wager on a second predicted outcome of a second real-life event of the plurality of real-life events, the second points wager being for at least a second subset of the points in the points account, and

updating, by the digital device, the points in the points account based on the second points wager and on a second actual outcome of the second real-life event.

2. The method of claim 1, wherein the plurality of real-life events include real-life sports matches.

3. The method of claim 2, wherein the time period is a sports season associated with the real-life sports matches.

4. The method of claim 2, wherein the real-life sports matches are associated with football, basketball, baseball, hockey, soccer, golf, or tennis.

5. The method of claim 1, wherein the first points wager or the second points wager comprises an ante.

6. The method of claim 1, further comprising identifying, by the digital device and from the plurality of pool participants, a set of pool participant winners based on the points associated with each participant of the plurality of pool participants.

7. The method of claim 6, wherein the identifying the set of betting pool winners occurs at or after the time period has expired.

8. The method of claim 1, wherein the updating the points in the points account based on the first points wager and on the first actual outcome of the first real-life event comprises depositing points to or withdrawing deposits from the points account based on the first points wager by the first pool participant.

9. The method of claim 1, wherein the first real-life event ends before the second real-life event begins, and the second points wager is based on the points in the points account after the updating the points in the points account based on the first points wager.

10. The method of claim 1, wherein the second real-life event begins substantially simultaneously to the first real-life event.

11. The method of claim 1, wherein the second real-life event begins before the first real-life event ends.

12. The method of claim 1, wherein the first points wager is limited to the points in the points account when the first points wager is received, and wherein the second points wager is limited to the points in the points account when the second points wager is received.

13. The method of claim 1, wherein the first real-life event is a first sports match, and the first predicted outcome and the first actual outcome relate to a first winner of the first sports match, a first player performance of a first sports player participating in the first sports match, or a first team performance of a first team participating in the first sports match.

14. The method of claim 13, wherein the second real-life event is a second sports match, and the second predicted outcome and the second actual outcome relate to a second winner of the second sports match, a second player performance of a second sports player participating in the second sports match, or a second team performance of a second team participating in the second sports match.

15. The method of claim 1, wherein the first points wager is generated automatically if the participant fails to provide the first points wager for the first real-life event.

16. The method of claim 1, wherein the first points wager is generated automatically if the given pool participant fails to provide the first predicted outcome for the first real-life event.

17. The method of claim 1, further comprising receiving, by the digital device, the first actual outcome for the first real-life event.

18. The method of claim 17, further comprising receiving, by the digital device, the second actual outcome for the second real-life event.

19. A system comprising:

a digital device;

means for causing the digital device to establish a betting pool, the betting pool being associated with a plurality of pool participants and with a plurality of real-life events scheduled to occur over a time period;

means for causing the digital device to associate each participant of the plurality of pool participants with points in a points account; and

for a first participant of the plurality of pool participants;

means for causing the digital device to receive a first points wager on a first predicted outcome of a first real-life event of the plurality of real-life events, the first points wager being for at least a first subset of the points in the points account,

means for causing the digital device to update the points in the points account based on the first points wager and on a first actual outcome of the first real-life event,

means for causing the digital device to receive a second points wager on a second predicted outcome of a second real-life event of the plurality of real-life events, the second points wager being for at least a second subset of the points in the points account, and

means for causing the digital device to update the points in the points account based on the second points wager and on a second actual outcome of the second real-life event.

20. A system comprising:

a digital device; and

a memory storing instructions configured to instruct the digital device to perform the operations of;

establishing a betting pool, the betting pool being associated with a plurality of pool participants and with a plurality of real-life events scheduled to occur over a time period;

associating each participant of the plurality of pool participants with points in a points account; and

for a first participant of the plurality of pool participants;

receiving a first points wager on a first predicted outcome of a first real-life event of the plurality of real-life events, the first points wager being for at least a first subset of the points in the points account,

updating the points in the points account based on the first points wager and on a first actual outcome of the first real-life event,

receiving a second points wager on a second predicted outcome of a second real-life event of the plurality of real-life events, the second points wager being for at least a second subset of the points in the points account, and

updating the points in the points account based on the second points wager and on a second actual outcome of the second real-life event.