System and method for providing a wagering game during a live sporting event

A system of providing a computer based wagering game during a live sporting event, comprising:

• a. at least one processor in a game server;
• b. a memory comprising computer-readable instructions which when executed by the at least one processor causes the processor to execute a game administrator, wherein the game administrator is a human operator or a virtual operator and:
• receives live feeds about a sporting event, while said event is currently in progress, from one or more sources and receives historical information relating to said sporting event;
• generates a plurality of betting events, wherein each of said betting event is based on a bettable event occurring during said sporting event as received from said live feeds, said live feeds and historical information being used to extract analytics in generating betting event and predicting outcomers of specific conditions relating to activities at said sporting events;
• provides a user interface that allows one or more players to participate in said wagering game and to selectively bet on possible outcomes of said betting event;
• closes said betting event after a selected interval such that no further bets can be added to said betting event;
• terminates said betting event;
• and
• upon termination of said betting event, credits winners of each of said betting event;
• c. a plurality of terminal devices communicating with said game server;
• and
• d. an interactive media guidance application adapted to run on said terminal devices and to further communicate with the game server, wherein the interactive media guidance application is provided with a user interface that includes the following elements:
• a live broadcast of a sporting event, a visual representation of the game administrator, ranking table of the participant players, a duration indicator of the current betting event.