A system and method for providing online pulse betting on a game or sports event
AssigneeSBTech (Global) Limited
InventorsShalom MECKENZIE, Ian BRADLEY, Gregory KARAOLIS
Life of this patent
Estimating the term…
Abstract
A system and method is provided for enabling an online user to place bets concerning incidents occurring during a game or sports event. This is done by providing a portal for a user to place a bet predicated on a defined incident occurring during a predetermined time segment of the event. The platform includes a module for calculating odds and prize returns for said incident to occur during said sports event or game in response to a user request, a GUI presentation and a settlement engine.
Claims14
A system for providing online pulse betting on a game or sports event comprising:
- a. calculation module configured for calculating winning amounts as a function of 1) a defined incident in a game, 2) one or more predefined time segments, and 3) a fixed stake;
- b. a betting portal configured for a user to enter a bet of said fixed stake concerning said defined incident occurring at a said selected predefined time segment;
- c. a database, in connection with said betting portal, configured for recording and storing said bet;
- and
- d. a web application configured for receiving said bet and initializing a validation of said bet;
- e. an incident feed, configured for reporting an occurrence of said defined incident;
- f. a settlement engine configured for settling said bet,
- said web application is connected to said calculation engine, and further configured to present a GUI widget displaying said defined incident, said selected predefined time segment, said fixed stake, and said predefined winning amounts;
- and
- said web application is further connected to said incident feed, and further configured to receive incident occurrences from said incident feed;
- and
- wherein said web application is further configured to display on said GUI widget:
- a countdown animation upon entry of said bet;
- and an animation of defined incident upon receiving a report thereto from said incident feed;
- and
- said display of said animations is performed asynchronously from said validations;
- and
- said betting portal is provided by one or more first independent microservices and said settlement engine is provided as one or more second independent microservices;
- said microservices configured to operate in real time.
A betting method for enabling an online user to place a bets concerning a defined incidents occurring during a game or sports event by providing a portal for a user to place a bet, of a fixed stake, predicated on a defined incident occurring during a selected predetermined time segment of said game and sports event, and carrying out steps comprising:
- a. calculating odds and prize returns for said defined incident to occur during said sports event or game in response to a user request;
- said prize is a function of said defined incident, said selected predefined time segment, and said fixed stake;
- b. offering said user said odds by means of a display on a GUI widget, said display comprising event title, said fixed stake amount, said time segments and a countdown;
- and
- wherein said betting method further comprises steps of
- c. displaying animations comprising a countdown animation upon placement of a bet on said GUI widget and a defined incident animation upon occurrence of said defined incident;
- and
- d. asynchronously performing said displaying animations and validating said placed bet;
- and
- e. providing one or more first independent microservices for placement of said bet and one or more second independent microservices for settling of said bet;
- said microservices configured to operate in real time.
Dependencies are inferred from the claim text.