Sports betting model

• US 10,089,829 B2
• Filed: 10/05/2017
• Issued: 10/02/2018
• Est. Priority Date: 01/23/2015
• Status: Active Grant

• Current Assignee: Beyer, David M.
• Original Assignee: Beyer, David M.
• Inventors: Beyer, David M.
• Primary Examiner(s): D'Agostino, Paul A
• Application Number:
  US15/725,952
• Publication Number:
  US 20180033251A1
• Time in Patent Office: 362 Days
• Field of Search: None
• CPC Class Codes: G06Q 50/34 Betting or bookmaking, e.g. Internet betting
• CPC Class Codes: G07F 17/3223 Architectural aspects of a gaming system, e.g. internal configuration, master/slave, wireless communication
• CPC Class Codes: G07F 17/3227 Configuring a gaming machine, e.g. downloading personal settings, selecting working parameters
• CPC Class Codes: G07F 17/3244 Payment aspects of a gaming system, e.g. payment schemes, setting payout ratio, bonus or consolation prizes
• CPC Class Codes: G07F 17/326 Game play aspects of gaming systems
• CPC Class Codes: G07F 17/3272 Games involving multiple players
• 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) accessing daily up to fifty websites'"'"' information of betting odds on sports contests for pro football, college football, pro baseball, pro hockey, pro soccer, pro basketball, and college basketball, and sports betting information;

(b) storing the daily up to top fifty websites'"'"' information of the betting odds on sports contests for pro football, college football, pro baseball, pro hockey, pro soccer, pro basketball, and college basketball, and sports betting information;

(c) calculating the weighed aggregate average daily betting odds on sports contests for pro football, college football, pro baseball, pro hockey, pro soccer, pro basketball, and college basketball, based on current available informational input;

(d) storing the weighed aggregate average daily betting odds on sports contests based on current available informational input;

(e) calculating, for all possible permutations and combinations of individual counts, the daily payouts based on current available informational input from the up to top fifty sports betting websites'"'"' sports contests betting odds, dollars, points, runs, and goals, and other sports betting information;

(f) prioritizing daily the most profitable count offerings;

(g) recommending daily the most profitable count offerings;

(h) prioritizing and selecting sports contests daily for the various counts that have the most competitively calculated weighed aggregate averages, which have the smallest number of points, dollars, runs, or goals separating the favored sports teams from the underdog sports teams;

(i) transmitting prioritized recommendations of the daily varied proposed counts of sports contests with their payouts;

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

(k) 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;

(l) determining a count of daily contests, the number of selectable groups of sports contests, to be conducted on a specific day by each of the plurality of sports bettors;

(m) 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;

(n) 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;

(o) 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;

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

(q) 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;

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

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

(t) 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 (s) has won in the plurality of sporting contests;

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

(v) 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.

2. The method of claim 1 wherein the steps of (a)-(v) are performed at least daily for the next thirty days.

3. The method of claim 1 wherein the at least one action at step (v) 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.

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

5. The method of claim 1 wherein the bet processing module declares the selection of the at least one won, bettor as a losing pick when at least one of the plurality of sporting contests ends in a tie.

6. The method of claim 1 wherein the bet processing module declares the selection of the at least one won bettor in sporting contests of pro soccer as a winning pick where the result of the sporting contest is a tie.

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, a hand-held digital media communication device, and any future 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;

access daily up to fifty websites'"'"' information of the betting odds on sports contests for pro football, college football, pro baseball, pro, hockey, pro soccer, pro basketball, and college basketball, and sports betting information;

store the daily up to fifty websites'"'"' information of the betting odds on sports contests for pro football, college football, pro baseball, pro hockey, pro soccer, pro basketball, and college basketball, and, sports betting information;

calculate the weighed aggregate average daily betting odds on sports contests of pro football, college football, pro baseball, pro hockey, pro soccer, pro basketball, and college basketball based on current available informational input;

store the weighed aggregate average daily betting odds on sports contests based on current available informational input;

calculate for all possible permutations and combinations of individual counts, for the daily payouts based on current available informational input from the up to top fifty sports betting websites'"'"' sports contests betting odds, dollars, points, runs, and goals, and other sports betting information;

calculate a number of selectable sports contests recommended in the varied counts to retail customers and to clients that may often exceed the number of mandatory required sports contests picks for those counts;

prioritize the most profitable count, offerings daily;

prioritize and select all, of those future sports contests daily of pro football, college football, pro baseball, pro hockey, pro soccer, pro basketball, and college basketball for the various counts that are the most competitively calculated weighed aggregate averages, which have the smallest number of points, dollars, runs, or goals separating the favored sports, teams from the underdog sports teams;

recommend the most profitable count offerings daily;

propose varied counts of sports contests which may vary for retail customers and clients;

propose a number of selectable sports contests in the varied counts to retail customers and to clients, that may be different and may often exceed the number of mandatory required sports contests picks for that count;

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;

enable the count of daily contests, the number of selectable groups of sports contests, to be conducted on a specific day by each of the plurality of sports bettors;

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 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.

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 web based betting platform selects the at least one won bettor without any handicapping points, goals, runs, or dollars.

12. The sports betting system of claim 9 wherein the bet processing module declares the selection of the at least one won bettor as a losing pick when at least one of the plurality of sporting contests ends in a tie.

13. The sports betting system of claim 9 wherein the bet processing module declares the selection of the at least one won bettor as a winning pick when at least one of the plurality of sporting contests ends in a tie.

14. 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.

15. 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, digital media communication device, and any future communication device.

16. 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) accessing the daily up to top fifty websites'"'"' information of the betting odds on sports contests for pro football, college football, pro baseball, pro hockey, pro soccer, pro basketball, and college basketball, and sports betting information;

(b) storing the daily up to top fifty websites'"'"' information of the betting odds on sports contests for pro football, college football, pro baseball, pro hockey, pro soccer, pro basketball, and college basketball, and sports betting information;

(c) calculating the weighed aggregate average daily betting odds on sports contests of pro football, college football, pro baseball, pro hockey, pro soccer, pro basketball, and college basketball based on current available informational input, runs may be used for baseball, goals may be used for soccer and hockey, points maybe used for basketball and football, and dollars maybe used for all of the above-mentioned sports betting categories;

(d) storing the weighed aggregate average daily betting odds on sports contests of pro football, college football, pro baseball, pro hockey, pro soccer, pro basketball, and college basketball based on current available informational input;

(e) calculating for all possible permutations and combinations of future individual counts, for the daily payouts based on current available informational input from the up to top fifty sports betting websites'"'"' sports contests betting odds, dollars, points, runs, and goals, and other sports betting information for retail customers;

(f) calculating for all possible permutations and combinations of individual counts, for the daily payouts based on current available informational input from the up to top fifty sports betting websites'"'"' sports contests betting odds, dollars, points, runs, and goals, and other sports betting information for clients;

(g) prioritizing the most profitable count offerings daily for retail customers;

(h) prioritizing the most profitable count offerings daily for clients;

(i) recommending the most profitable count offerings daily for retail customers;

(j) prioritizing and selecting all of those future sports contests daily pro football, college football, pro baseball, pro hockey, pro soccer, pro basketball, and college basketball for the various counts for retail customers that are the most competitively calculated weighed aggregate averages, which have the smallest number of points, dollars, runs, or goals separating the favored sports teams from the underdog sports teams;

(k) recommending the most profitable count offerings daily for clients;

(l) prioritizing and selecting all of those future sports contests daily for the various counts for clients that are the most competitively calculated weighed aggregate averages, which have the smallest number of points, dollars, runs, or goals separating the favored sports teams from the underdog sports teams;

(m) proposing varied counts of sports contests which may vary for retail customers and clients;

(n) proposing a number of selectable sports contests in the varied counts to retail customers and clients, that may be different and may often exceed the number of mandatory required sports contests picks for that count;

(o) proposed daily counts of sports contests with their payouts will be transmitted to retail customers;

(p) proposed daily counts of sports contests with their payouts will be transmitted to clients;

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

(r) 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;

(s) determining a count of daily contests, the number of selectable groups of sports contests, to be conducted on a specific day by each of the plurality of sports bettors;

(t) 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;

(u) 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;

(v) 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;

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

(x) 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;

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

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

(aa) 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 (z) has won in the plurality of sporting contests;

(bb) however, allowing in sporting contests of pro soccer, where the result of the sporting contest is a tie and the plurality of sports bettors pick the contest to end in a tie, the tie pick will be considered a winning pick;

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

(dd) 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.

17. The non-transitory computer-readable medium of claim 16 wherein the at least one action at step (dd) 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.

18. The non-transitory computer-readable medium of claim 16 allows the plurality of sports bettors to select the plurality of sporting contests from the at least one sporting category.

19. The non-transitory computer-readable medium of claim 16 wherein the web based betting platform selects the at least one of won bettor without any handicapping points, goals, runs, or dollars.

20. The non-transitory computer-readable medium of claim 16 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.

21. The non-transitory computer-readable medium of claim 16 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.