SPORTS BETTING MODEL
First Claim
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) selecting at least one sporting category by the plurality of sports bettors it utilizing a web based betting platform installed on an electronic device;
(b) 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;
(c) determining a count of daily contests to be conducted on a specific day by each of the plurality of sports bettors;
(d) 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;
(e) 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;
(f) 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;
(g) accepting the plurality of sports bets by the bet processing module;
(h) 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;
(i) retrieving the plurality of sports bets submitted by the plurality of sports bettors from the sports betting database;
(j) comparing the results of the plurality of sports teams with the plurality of sports bets submitted by each of the plurality of sports bettors;
(k) 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 (d) has won in the plurality of sporting contests;
(l) providing rewards to the at least one won bettor via the web based betting platform; and
(m) performing at least one action to at least one non-winning bettor in the is 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.
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Accused Products
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.
58 Citations
24 Claims
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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:
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(a) selecting at least one sporting category by the plurality of sports bettors it utilizing a web based betting platform installed on an electronic device; (b) 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; (c) determining a count of daily contests to be conducted on a specific day by each of the plurality of sports bettors; (d) 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; (e) 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; (f) 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; (g) accepting the plurality of sports bets by the bet processing module; (h) 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; (i) retrieving the plurality of sports bets submitted by the plurality of sports bettors from the sports betting database; (j) comparing the results of the plurality of sports teams with the plurality of sports bets submitted by each of the plurality of sports bettors; (k) 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 (d) has won in the plurality of sporting contests; (l) providing rewards to the at least one won bettor via the web based betting platform; and (m) performing at least one action to at least one non-winning bettor in the is 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. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A sports betting system for creating and processing a sports betting entertainment for a plurality of sports bettors, the sports betting system comprises:
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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; 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; allow each of the plurality of sports bettors to determine a count of daily contests to be conducted on a specific day; 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 art 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. - View Dependent Claims (10, 11, 12, 13, 14, 15, 16)
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17. 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:
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(a) selecting at least one sporting category by a plurality of sports bettors utilizing a web based betting platform installed on an electronic device; (b) selecting a plurality of spotting contests from the in least one sporting category by the plurality of sports bettors, each of the plurality of sporting contests includes a plurality of sports teams; (c) determining a count of daily contests to be conducted on a specific day by each of the plurality of sports bettors; (d) 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; (e) 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; (f) 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; (g) accepting the plurality of sports bets by the bet processing module; (h) 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; (i) retrieving the plurality of sports bets submitted by the plurality of sports bettors from the sports betting database; (j) comparing the results of the plurality of sports teams with the plurality of sports bets submitted by each of the plurality of sports bettors; (k) 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 (d) has won in the plurality of sporting contests; (l) providing rewards to the at least one won bettor via the web based betting platform; and (m) 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. - View Dependent Claims (18, 19, 20, 21, 22, 23, 24)
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Specification