Determining odds of a possible outcome of an event which occurs during a contest
First Claim
1. A method of determining odds of a possible outcome of an event which occurs during a contest, comprising:
- accepting a set of one or more current parameter values, a likelihood of said possible outcome of said event being dependent upon each parameter;
utilizing said set of current parameter values to retrieve likelihood data from a data store; and
setting odds associated with said possible outcome of said event based at least in part on said likelihood data.
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Abstract
A method of determining odds of a possible outcome of an event which occurs during a contest is disclosed. The contest may be a sporting contest such as a football game. The method includes accepting a set of one or more current parameter values (such as score or field position) which influence the likelihood of the possible event outcome (such as the likelihood of a running play). The set of current parameter values is used to retrieve situation-specific likelihood data from a data store. Odds associated with the possible outcome are set based at least in part on the likelihood data. The odds may be adjusted using one or more non-situation-specific factors indicating an average likelihood of the event outcome (such as an average likelihood of a running play for a team regardless of situation). The method may expedite odds determination. An associated system and machine readable medium are also disclosed.
106 Citations
20 Claims
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1. A method of determining odds of a possible outcome of an event which occurs during a contest, comprising:
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accepting a set of one or more current parameter values, a likelihood of said possible outcome of said event being dependent upon each parameter;
utilizing said set of current parameter values to retrieve likelihood data from a data store; and
setting odds associated with said possible outcome of said event based at least in part on said likelihood data. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14)
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15. A computer system for determining odds of a possible outcome of an event which occurs during a contest, comprising:
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a user interface;
a display;
a data store; and
a processor for;
receiving a set of one or more current parameter values from said user interface, a likelihood of said possible outcome of said event being dependent upon each parameter;
utilizing said set of current parameter values to retrieve likelihood data from said data store;
setting odds associated with said possible outcome of said event based at least in part on said likelihood data; and
displaying an indication of said odds on said display.
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16. A machine-readable medium encoded for determining odds of a possible outcome of an event which occurs during a contest, comprising:
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machine executable code for accepting a set of one or more current parameter values, a likelihood of said possible outcome of said event being dependent upon each parameter;
machine executable code for utilizing said set of current parameter values to retrieve likelihood data from a data store; and
machine executable code for setting odds associated with said possible outcome of said event based at least in part on said likelihood data. - View Dependent Claims (17, 18, 19, 20)
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Specification