Shot clock betting

A system for accepting wagers during a live-streamed event, the system comprising:

• one or more processors;
• and
• a computer-readable memory containing programming instructions that are configured to, when executed, cause the one or more processors to:
• receive a data stream comprising a series of time-stamped occurrences related to a live event;
• process the data stream to determine an amount of data-stream time lag between the data stream and the live event, by comparing a timestamp of an occurrence of the series of time-stamped occurrences to a local time source;
• analyze a video stream of the live event to determine an amount of video-stream time lag;
• determine, based on the amount of data-stream time lag and the amount of video-stream time lag, whether a degree of synchronicity between the data stream and the live event satisfies a threshold;
• in response to the degree of synchronicity satisfying the threshold, augment the video stream of the live event by:
• identifying, in the data stream, that one of the time-stamped occurrences corresponds to a wagering opportunity,
• causing a user electronic device that is displaying the video stream to overlay, on the video stream, an indication of the identified occurrence that is associated with the wagering opportunity and an indication of remaining time in a limited period of time for the wagering opportunity, and
• causing the user electronic device to output a user-selectable prompt associated with the wagering opportunity during the limited period of time;
• and
• in response to receiving a wager request via a user activation of the user-selectable prompt;
• if the wager request is received during the limited period of time, accept the wager request, otherwise decline the wager request;
• determine whether conditions of the wager have been satisfied and;
• in response to conditions of the wager being satisfied, crediting the user with a payoff amount for the wager.