Open-ended betting pool
AssigneeCigno (B.V.I.) Ltd.
InventorAmish Patel
Life of this patent
Estimating the term…
Abstract
Methods and systems for hosting a betting pool are disclosed. The betting pool can be hosted by a lead participant. Pool participants can be maintained through a partner relationship module. The betting pool lead participant manages events associated with the betting pool through an event manager and through a pool manager. Winning participants in the betting pool are determined and payouts can be processed.
Claims18
A computer implemented method for allowing a betting pool leader to host a betting pool, comprising:
- establishing and managing the betting pool with a processor and associated computer storage medium of the betting pool leader;
- registering a group of bidders who are known and/or unknown to the pool leader hosting the betting pool for access by the processor;
- programming the processor and associated computer storage medium to allow the betting pool leader to set up an event to subsequently associate with the betting pool by setting up an event with finite outcome, unknown outcome and/or multiple possible outcomes;
- enabling the pool leader to establish whether the event is open to the group of bidders who are known to the betting pool leader, or whether the event is open to the group of bidders that are known and/or unknown to the betting pool leader;
- and
- accepting wagers from the group of bidders having access to the event based on whether the event is open to only the group of bidders that are known to the pool leader or to the group of bidders that are known and/or unknown to the betting pool leader.
A system for hosting a betting pool, comprising:
- logic configured to set up open-ended and/or closed-ended betting pools, the open-ended betting pool being a group of bidders that are known and/or unknown to a betting pool leader;
- and the closed-ended betting pool being a group of bidders that are known to the betting pool leader;
- logic configured to set up and maintain events which can be associated with the betting pools;
- logic configured to enable the pool leader to establish whether the event is open to the group of bidders who are known to the betting pool leader, or whether the event is open to the group of bidders that are known and/or unknown to the betting pool leader;
- logic configured to set up and maintain more than one possible outcome for the events;
- logic configured to set up partner relationship profiles through a partner relationship module (PRM) of a web based interface;
- and
- logic configured to retrieve external events for use by the betting pools logic.
A non-transitory computer readable media embodying a computer implemented method for allowing a betting pool leader to host a betting pool, comprising:
- establishing and managing the betting pool with a processor and associated computer storage medium of the betting pool leader;
- registering bidders who are known and/or unknown to the pool leader hosting the betting pool for access by the processor;
- programming the processor and associated computer storage medium to allow the betting pool leader to set up an event to subsequently associate with the betting pool by setting up an event with finite outcome, unknown outcome and/or multiple possible outcomes;
- enabling the pool leader to establish whether the event is open to the group of bidders who are known to the betting pool leader, or whether the event is open to the group of bidders that are known and/or unknown to the betting pool leader;
- and
- accepting wagers from the group of bidders having access to the event based on whether the event is open to only the group of bidders that are known to the pool leader or to the group of bidders that are known and/or unknown to the betting pool leader.
Dependencies are inferred from the claim text.