Betting on a subset of participants in an event

A computer implemented method of managing bets, the method comprising:

• receiving, at a computer of a betting computer system platform, via a computer network, from betting computer system interfaces, data representing one or more group bets, each group bet designating a corresponding subset of the set of participants in the event, and being a bet that pays if any one of the corresponding designated subset wins the event, at least one of the group bets designating four or more participants;
• receiving, at the computer of the betting computer system platform, via a payment acceptor, payment associated with one or more bets;
• receiving, at the computer of the betting computer system platform, via the computer network, from betting computer system interfaces, data representing results of the event identifying a winning participant from the set of participants;
• determining, by the computer of the betting computer system platform, data representing an amount of a group bet payout for at least one of the group bets based on the group bets designated subsets of which the winning participant is a member.

A non-transitory computer-readable tangible memory, having embodied thereon programs to cause a computer to:

• receive, at a computer of a betting computer system platform, via a computer network, from betting computer system interfaces, data representing one or more group bets, each group bet designating a corresponding subset of the set of participants in the event, the subset including a plurality of participants but less than all participants in the event, and being a bet that pays if any one of the corresponding designated subset wins the event, the pay amount being the substantially the same whichever participant of the designated subset is the winner and independent of finishes other than the winner;
• receiving, at the computer of the betting computer system platform, via a payment acceptor, payment associated with one or more bets;
• receive, at the computer of the betting computer system platform, via the computer network, from betting computer system interfaces, data representing results of the event identifying a winning participant from the set of participants;
• determine, by the computer of the betting computer system platform, data representing an amount of a group bet payout for at least one of the group bets based on the group bets designated subsets of which the winning participant is a member.

A non-transitory computer-readable tangible memory, having embodied thereon programs to cause a computer to:

• receive, at a computer of a betting computer system platform, via a computer network, from betting computer system interfaces, data representing one or more group bets, each group bet designating a corresponding subset of the set of participants in the event, and being a bet that pays if any one of the corresponding designated subset wins the event, at least one of the group bets designating four or more participants;
• receiving, at the computer of the betting computer system platform, via a payment acceptor, payment associated with one or more bets;
• receives at the computer of the betting computer system platform, via the computer network, from betting computer system interfaces, data representing results of the event identifying a winning participant from the set of participants;
• determines by the computer of the betting computer system platform, data representing an amount of a group bet payout for at least one of the group bets based on the group bets designated subsets of which the winning participant is a member.

A method comprising the steps of:

• receiving, at a computer of a betting computer system platform, via a computer network, from betting computer system interfaces, data representing one or more win bets, each win bet comprising a bet that a specified participant selected from a set of participants in an event will win the event;
• receiving, at the computer of the betting computer system platform, via the computer network, from betting computer system interfaces, data representing one or more group bets, wherein each group bet has an associated bet amount, and specifies a respective subset having a plurality of the participants selected from among set of participants, being a bet that any participant of the subset will win the event;
• receiving, at the computer of the betting computer system platform, via a payment acceptor, payment associated with one or more bets;
• allocating, the computer of the betting computer system platform, data representing a portion of the bet amount for group bets among the participants of the respective subsets specified by respective group bets, wherein odds for participants in the subsets are not required
• to be the same, and the portion allocated to each participant is inversely proportional to odds associated with that participant such that payout for a group bet is substantially the same regardless of which participant among a subset of the participants is the winning participant;
• and
• on receiving an indication of the winning participant at the computer of the betting computer system platform, determining by the betting computer system platform, data representing payout amounts for the group bets based on an odds determined for win bets on the participant that wins the event, and the respective amounts of the group bets allocated to the winning participant.

A non-transitory tangible computer-readable memory having embodied therein one or more programs designed to cause one or more computers of a betting computer system platform to:

• receive, at a computer of a betting computer system platform, via a computer network, from betting computer system interfaces, data representing one or more win bets, each win bet comprising a bet that a specified participant selected from a set of participants in an event will win the event;
• and
• receive, at the computer of the betting computer system platform, via the computer network, from betting computer system interfaces, data representing one or more group bets, wherein each group bet has an associated bet amount, and specifies a respective subset having a plurality of the participants selected from among set of participants, being a bet that any participant of the subset will win the event;
• and
• receiving, at the computer of the betting computer system platform, via a payment acceptor, payment associated with one or more bets;
• allocate, by the computer of the betting computer system platform, data representing a portion of the bet amount for group bets among the participants of the respective subsets specified by respective group bets, wherein odds for participants in the subsets are not required to be the same, and the portion allocated to each participant is inversely proportional to odds associated with that participant such that payout for a group bet is substantially the same regardless of which participant among a subset of the participants is the winning participant;
• and
• on receiving an indication of the winning participant at the betting system, determine, by the computer of the betting computer system platform, data representing payout amounts for the group bets based on an odds determined for win bets on the participant that wins the event, and the respective amounts of the group bets allocated to the winning participant.

A method comprising:

• receiving at a computer of a betting computer system platform of a computerized betting system, via a computer network, from betting computer system interfaces, data representing one or more group bets, wherein each group bet specifies a respective subset of a set of participants in an event, being a bet that any participant of the specified subset will win the event, the payoff of the group bet being substantially equal for a win by any participant of the subset with no substantial effect on the payoff based on the second-place finisher;
• and
• receiving, at the computer of the betting computer system platform, via a payment acceptor, payment associated with one or more bets;
• on receiving an indication of the winning participant at the computer of the betting computer system platform, determining, by the computer of the betting computer system platform, data representing payout amounts for the group bets based on whether the winning participant is a member of the bets' respective specified subsets, such that the payouts for each winning group bet is substantially uniform regardless of which particular participant in the winning bet's respective subset is the winning participant, with no substantial effect on payoff amount based on the second-place finisher.

A tangible non-transitory computer-readable memory having embodied therein one or more programs designed to cause one or more computers of a betting computer system platform to:

• receive at the computer of a computerized the betting computer system platform, via a computer network, from betting computer system interfaces, data representing one or more group bets, wherein each group bet specifies a respective subset of a set of participants in an event, being a bet that any participant of the specified subset will win the event, the payoff of the group bet being substantially equal for a win by any participant of the subset with no substantial effect on the payoff based on the second-place finisher;
• and
• receiving, at the computer of the betting computer system platform, via a payment acceptor, payment associated with one or more bets;
• on receiving an indication of the winning participant at the computer of the betting computer system platform, determine, by computer of the betting computer system platform, data representing payout amounts for the group bets based on whether the winning participant is a member of the bets' respective specified subsets, such that the payouts for each winning group bet is substantially uniform regardless of which particular participant in the winning bet's respective subset is the winning participant, with no substantial effect on payoff amount based on the second-place finisher.

A method comprising:

• receiving at a computer of a betting computer system platform, via a computer network, from betting computer system interfaces, data representing one or more group bets, wherein each group bet specifies a respective subset of a set of participants in an event, being a bet that any participant of the specified subset will win the event, the payoff of the group bet being substantially equal for a win by any participant of the subset, at least some of the group bets specifying subsets with four or more participants;
• and
• receiving, at the computer of the betting computer system platform, via a payment acceptor, payment associated with one or more bets;
• on receiving an indication of the winning participant at the computer of the betting computer system platform, determining by the computer of the betting computer system platform, data representing payout amounts for the group bets based on whether the winning participant is a member of the bets' respective specified subsets, such that the payouts for each winning group bet is substantially uniform regardless of which particular participant in the winning bet's respective subset is the winning participant.

A non-transitory tangible computer-readable memory having embodied therein one or more programs designed to cause one or more computers of a betting computer system platform to:

• receive at a computer of a betting computer system platform, via a computer network, from betting computer system interfaces, data representing one or more group bets, wherein each group bet specifies a respective subset of a set of participants in an event, being a bet that any participant of the specified subset will win the event, the payoff of the group bet being substantially equal for a win by any participant of the subset, at least some of the group bets specifying subsets with four or more participants;
• and
• receiving, at the computer of the betting computer system platform, via a payment acceptor, payment associated with one or more bets;
• on receiving an indication of the winning participant at the computer of the betting computer system platform, determine, by the computer of the betting computer system platform, data representing payout amounts for the group bets based on whether the winning participant is a member of the bets' respective specified subsets, such that the payouts for each winning group bet is substantially uniform regardless of which particular participant in the winning bet's respective subset is the winning participant.

A method, comprising:

• receiving at a computer of a betting computer system platform, via a computer network, from betting computer system interfaces, data representing one or more win bets, each win bet comprising a bet that a specified participant selected from a set of participants in an event will win the event;
• receiving at the computer of the betting computer system platform, via the computer network, from betting computer system interfaces, data representing one or more group bets, wherein each group bet has an associated bet amount, and specifies a respective subset having a plurality of the participants selected from among set of participants, being a bet that any participant of the subset will win the event, the payoff of the group bet being substantially equal for a win by any participant of the subset with no substantial effect on the payoff based on the second-place finisher, at least some of the group bets specifying subsets with four or more participants;
• receiving, at the computer of the betting computer system platform, via a payment acceptor, payment associated with one or more bets;
• allocating, by the computer of the betting computer system platform, data representing a portion of the bet amount for group bets among the participants of the respective subsets specified by respective group bets, wherein odds for participants in the subsets are not required to be the same, and the portion allocated to each participant is inversely proportional to odds associated with that participant such that payout for a group bet is substantially the same regardless of which participant among a subset of the participants is the winning participant;
• and
• on receiving an indication of the winning participant at the computer of the betting computer system platform, determining, the computer of the betting computer system platform, data representing payout amounts for the group bets based whether the winning participant is a member of the bets' respective specified subsets and on an odds determined for win bets on the participant that wins the event, and the respective amounts of the group bets allocated to the winning participant, such that the payouts for each winning group bet is substantially uniform regardless of which particular participant in the winning bet's respective subset is the winning participant, with no substantial effect on payoff amount based on the second-place finisher.