No rake platform

A system comprising:

• a storage device storing executable instructions;
• and
• one or more computers operable to interact with the storage device and execute the instructions, wherein execution of the instructions cause the one or more computers to perform operations including:
• accessing rake line data for a sports event;
• converting the accessed rake line data into a no rake line;
• publishing the no rake line to a wagering platform accessible by multiple members, wherein the wagering platform includes multiple separate wagering groups that each include multiple members;
• for each particular wagering group from among the multiple separate wagering groups:
• at a pre-specified time relative to a start time of the sports event, locking, by the one or more computers, any wagers made within the particular group based on the no rake line;
• obtaining an outcome of the sporting event;
• determining, from among the wagers, winning wagers and losing wagers in the particular group based on the outcome of the sports event and the no rake line;
• updating accounts of the members in the particular group that wagered on the sporting event, including transferring the losing wagers to accounts of members that made the winning wagers without requiring an external server call to a financial institute.

A non-transitory computer readable medium storing instructions that, when executed by one or more data processing apparatus, cause the one or more data processing apparatus to perform operations comprising:

• accessing rake line data for a sports event;
• converting the accessed rake line data into a no rake line;
• publishing the no rake line to a wagering platform accessible by multiple members, wherein the wagering platform includes multiple separate wagering groups that each include multiple members;
• for each particular wagering group from among the multiple separate wagering groups:
• at a pre-specified time relative to a start time of the sports event, locking, by the one or more computers, any wagers made within the particular group based on the no rake line;
• obtaining an outcome of the sporting event;
• determining, from among the wagers, winning wagers and losing wagers in the particular group based on the outcome of the sports event and the no rake line;
• updating accounts of the members in the particular group that wagered on the sporting event, including transferring the losing wagers to accounts of members that made the winning wagers without requiring an external server call to a financial institute.