System and method for betting on a subset of participants in an event according to multiple groups
OwnerLee Amaitis, Joseph Asherinventors
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Abstract
A method of managing bets is provided. The method includes receiving at least one group bet for an event having a set of participants. A first group comprises a first subset of the participants and a second group comprises a second subset of the participants. The group bet comprises a bet that one of the first subset of participants will win the event. The method continues by receiving results of the event identifying a winning participant. The method concludes by determining an amount of a group bet payout for the group bet based on whether the first subset of participants includes the winning participant.
Claims27
A method for managing bets, comprising:
- receiving at least one group bet for an event having a set of participants, wherein a first group comprises a first subset of the participants and a second group comprises a second subset of the participants, the group bet comprising a bet that one of the first subset of participants will win the event;
- receiving results of the event identifying a winning participant;
- and
- determining an amount of a group bet payout for the group bet based on whether the first subset of participants includes the winning participant.
A method for managing bets, comprising:
- identifying a set of participants of an event;
- identifying a first group comprising a first subset of the participants, wherein the first subset comprises a plurality of participants;
- identifying a second group comprising a second subset of the participants, wherein the second subset comprises a plurality of participants;
- receiving a first group bet comprising a bet that one of the first subset of participants will win the event;
- receiving a second group bet comprising a bet that one of the second subset of participants will win the event;
- receiving results of the event identifying a winning participant;
- and
- determining an amount of a group bet payout for at least one of the group bets based on whether the corresponding subset of participants includes the winning participant.
A method of managing bets, comprising:
- identifying a set of participants of an event;
- identifying a first group comprising a first subset of the participants, wherein the first subset comprises a plurality of participants;
- identifying a second group comprising a second subset of the participants, wherein the second subset comprises a plurality of participants;
- receiving at least one group bet comprising a bet that one of the first subset of participants will win the event;
- receiving results of the event identifying a winning participant;
- and
- determining an amount of a group bet payout for the group bet based on whether the first subset of participants includes the winning participant.
Dependencies are inferred from the claim text.