Computer graphics processing and display of selectable items
First Claim
Patent Images
1. A method, comprising:
- receiving by at least one processor state information of a live event in real time, in which the live event comprises a sporting event played by human players in a playing area according to predetermined rules that are used to determine at least one winner of the sporting event;
determining by the at least one processor an initial state and a plurality of possible future states of a performance parameter of the live event based on the state information;
creating by the processor a first betting market for betting on at least one of the plurality of possible future states, in which the plurality of users comprises a first user, and in which the act of creating a first betting market comprises;
determining by the processor probabilities for the plurality of possible future states; and
based at least in part on the probabilities, determining by the processor odds for betting on at least one of the plurality of possible future states;
after creating the first betting market, receiving by the processor from a first of a plurality of users a first bet comprising a selection of one of the plurality of possible future states corresponding to a location in the playing area, in which the act of receiving the first bet comprises receiving an indication that the first of the plurality of users selected a portion of an image of at least a portion of the playing area, the selected portion corresponding to the location in the playing area;
after receiving the first bet, closing by the processor the first betting market prior to an end time of the initial state;
sending from the processor an instruction signal to close the first betting market;
determining by the processor an actual future state of the performance parameter;
determining by the processor that the possible future state selected by the first user is the actual future state; and
automatically paying a payout to the first user based on the first bet and the act of determining that the possible future state selected by the first user is the actual future state.
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Accused Products
Abstract
Methods and systems are provided herewith for creating and managing wagers on possible states within a live event, such as possible outcomes of subparts of a sporting event or other possible occurrences within the event. An initial state and multiple possible future states of a performance parameter of the event is determined based on state information of the event. A betting market may be created by determining probabilities and odds for the possible future states. The betting market is closed after bets are received and before an end of an initial state of the performance parameter. A payout may be made to a winner who selected the correct outcome of the performance parameter.
252 Citations
20 Claims
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1. A method, comprising:
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receiving by at least one processor state information of a live event in real time, in which the live event comprises a sporting event played by human players in a playing area according to predetermined rules that are used to determine at least one winner of the sporting event; determining by the at least one processor an initial state and a plurality of possible future states of a performance parameter of the live event based on the state information; creating by the processor a first betting market for betting on at least one of the plurality of possible future states, in which the plurality of users comprises a first user, and in which the act of creating a first betting market comprises; determining by the processor probabilities for the plurality of possible future states; and based at least in part on the probabilities, determining by the processor odds for betting on at least one of the plurality of possible future states; after creating the first betting market, receiving by the processor from a first of a plurality of users a first bet comprising a selection of one of the plurality of possible future states corresponding to a location in the playing area, in which the act of receiving the first bet comprises receiving an indication that the first of the plurality of users selected a portion of an image of at least a portion of the playing area, the selected portion corresponding to the location in the playing area; after receiving the first bet, closing by the processor the first betting market prior to an end time of the initial state; sending from the processor an instruction signal to close the first betting market; determining by the processor an actual future state of the performance parameter; determining by the processor that the possible future state selected by the first user is the actual future state; and automatically paying a payout to the first user based on the first bet and the act of determining that the possible future state selected by the first user is the actual future state. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18)
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19. An apparatus comprising:
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a processor; and a memory, in which the memory stores instructions which, when executed by the processor, direct the processor to; receive by the processor state information of a live event in real time, the live event comprising a sporting event played by human players according to predetermined rules that are used to determine at least one winner of the sporting event; determine by the processor an initial state and a plurality of possible future states of a performance parameter of the live event based on the state information; create by the processor a first betting market for betting on at least one of the plurality of possible future states, in which the plurality of users comprises a first user, in which the act of creating a first betting market comprises; determining by the processor probabilities for the plurality of possible future states based at least in part on information received during the sporting event about an injury of a player in the sporting event; and based on the probabilities, determining by the processor odds for betting on at least one of the plurality of possible future states; after creating the first betting market, receive by the processor from a first of a plurality of users a first bet comprising a selection of one of the plurality of possible future states; after receiving the first bet, close by the processor the first betting market prior to an end time of the initial state; send from the processor an instruction signal to close the first betting market; determine by the processor an actual future state of the performance parameter; determine by the processor that the possible future state selected by the first user is the actual future state; and automatically pay a payout to the first user based on the first bet and the act of determining that the possible future state selected by the first user is the actual future state.
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20. An apparatus comprising:
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a touch-sensitive display device comprising a user input device; a processor operably connected to the display; and a memory operably connected to the processor and the display, in which the memory stores instructions which, when executed by the processor, direct the processor to; receive state information of a live event in real time, the live event comprising a sporting event played by human players on a playing field; determine an initial state and a plurality of possible future states of a performance parameter of the live event based on the state information; create a first betting market for betting on at least one of the plurality of possible future states, in which the plurality of users comprises a first user, in which the act of creating a first betting market comprises; determining probabilities for the plurality of possible future states; and based on the probabilities, determining odds for betting on at least one of the plurality of possible future states; after creating the first betting market, receive from a first of a plurality of users a first bet comprising a selection of one of the plurality of possible future states; after receiving the first bet, close the first betting market prior to an end time of the initial state; send an instruction signal to close the first betting market; determine an actual future state of the performance parameter; determine that the possible future state selected by the first user is the actual future state; and pay a payout to the first user based on the first bet and the act of determining that the possible future state selected by the first user is the actual future state; cause the touch-sensitive display device to display an image of the playing field; receive from the display device an indication that a user touched a portion of the image of the playing field on the touch-sensitive display, the portion of the playing field corresponding to a location or position on the playing field; in response to receiving the indication, cause the touch-sensitive display device to output a selectable betting option related to the location or position on the playing field; and receiving from the user a selection of the betting option related to the location or position on the playing field.
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Specification