Method of offering a marketplace of odds for wagering
AssigneeAdrenalineIP
InventorsCasey Alexander HUKE, John CRONIN, Joseph W. BEYERS, Michael D'ANDREA, Harrison GRANT
Life of this patent
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Abstract
A system for peer-to-peer wagering on outcomes of a live sporting event. Users can select from a set of available wagers and set their own odds and terms, other users can then accept those odds and terms. The system may hold all involved user's money or credit in an escrow account until the actual outcome of the subject of the wager has been determined. Then the system handles the settlement of the wager, either directly or by communicating with a third party.
Claims13
A method of providing a marketplace of peer to peer wagers in a play by play wagering system, comprising:
- receiving data from a live sporting event upon which wagers can be placed on single plays inside of that live event;
- receiving at least one proposed wager with settlement terms from at least one user;
- providing the proposed wager to at least one other user;
- and
- settling the wager.
A method for providing peer to peer wagering in a single play wagering system, comprising executing on a processor the steps of:
- displaying a wagering game for wagering on single plays in a live event;
- displaying an option to create a wager on an upcoming play in the live event;
- displaying one or more terms associated with creating a wager on the upcoming play in the live event;
- and
- displaying a created wager on the upcoming play in the live event.
A system for providing peer to peer waging on a wagering network, comprising:
- a user database containing user identification for one or more users of a single play wagering game;
- an available wagers database containing one or more available wagers for upcoming single plays in a live event;
- an escrow database;
- a wagering module;
- and
- a settlement module,
- wherein the available wagers database is updated by one or more proposed wagers on one or more upcoming single plays in the live event and the one or more proposed wagers are created by the one or more users.
Dependencies are inferred from the claim text.