Wager market creation and management

An apparatus comprising:

• a processor;
• and
• a memory, in which the memory stores instructions which, when executed by the processor, direct the processor to:
• receive a stream of state information of a live sporting event in real time, the live sporting event being played by a plurality of players;
• determine an initial state and a plurality of possible future states of a first performance parameter of the live sporting event based on the stream of state information;
• after a beginning of the live sporting event, calculate a probability of occurrence for at least one of the plurality of possible future states of the first performance parameter based on historical data related to the first performance parameter and state of player information in the stream of state information indicating injury information about an injury of a given player of the plurality of players during the live sporting event, the plurality of possible future states being mutually exclusive from one another;
• transmit, during an initial state of the first performance parameter, a signal operative to open a first market for betting on the at least one of the plurality of possible future states, the first market comprising betting odds based on the calculated probability of occurrence;
• after transmitting the signal operative to open the first market, determine an end of the initial state;
• after transmitting the signal operative to open the first market and before the end of the initial state, receive a bet via an interactive display at a time when the interactive display displays a live image of at least a portion of a playing area of the live sporting event, in which the bet is on the at least one of the plurality of possible future states;
• before the end of the initial state, transmit a signal operative to close the first market;
• after transmitting the signal operative to close the first market, determine an outcome of the first performance parameter based on the received stream of state information;
• transmit a signal operative to resolve one or more payouts of the first market, the signal indicative of the outcome of the first performance parameter,
• display on the interactive display an image of a playing field of the live sporting event,
• receive from the interactive display an indication of a selection of a portion of the image of the playing field on the interactive display, the portion of the image corresponding to at least one of a location or a position on the playing field;
• in response to receiving the indication, outputting on the interactive display a selectable betting option related to the at least one of the location or the position on the playing field;
• receive an indication of a selection of the selectable belting option;
• and
• cause a payout to be paid responsive to the selection of the selectable betting option.

A non-transitory computer-readable medium to store thereon instructions that are configured to, when executed by at least one computing device, direct the at least one computing device to:

• receive a stream of state information of a live sporting event in real time, the live sporting event being played by a plurality of players;
• determine an initial state and a plurality of possible future states of a first performance parameter of the live sporting event based on the stream of state information;
• after a beginning of the live sporting event, calculate a probability of occurrence for at least one of the plurality of possible future states of the first performance parameter based on historical data related to the first performance parameter and state of player information in the stream of state information indicating injury information about an injury of a given player of the plurality of players during the live sporting event, the plurality of possible future states being mutually exclusive from one another;
• transmit, during an initial state of the first performance parameter, a signal operative to open a first market for betting on the at least one of the plurality of possible future states, the first market comprising betting odds based on the calculated probability of occurrence;
• after transmitting the signal operative to open the first market, determine an end of the initial state;
• after transmitting the signal operative to open the first market and before the end of the initial state, receive a bet via an interactive display at a time when the interactive display displays a live image of at least a portion of a playing area of the live sporting event, in which the bet is on the at least one of the plurality of possible future states;
• before the end of the initial state, transmit a signal operative to close the first market;
• after transmitting the signal operative to close the first market, determine an outcome of the first performance parameter based on the received stream of state information;
• transmit a signal operative to resolve one or more payouts of the first market, the signal indicative of the outcome of the first performance parameter;
• display on the interactive display an image of a playing field of the live sporting event;
• receive from the interactive display an indication of a selection of a portion of the image of the playing field on the interactive display, the portion of the image corresponding to at least one of a location or a position on the playing field;
• in response to receiving the indication, outputting on the interactive display a selectable betting option related to the at least one of the location or the position on the playing field;
• receive an indication of a selection of the selectable belting option;
• and
• cause a payout to be paid responsive to the selection of the selectable betting option.