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System and method for odds-based sports wagering

a sports wagering and odds-based technology, applied in the field of sports wagering systems and methods, can solve the problems of limited fantasy owners, current fantasy sports bettors are generally limited, and fantasy owners cannot easily join the competition late,

Pending Publication Date: 2008-10-16
AG 18
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Benefits of technology

The present invention is a system and method for sports wagering and entertainment. It allows bettors to select players and choose between different types of bets and amounts based on the odds associated with the players' selection. The system then provides a result for the bet type and amount chosen. This invention provides a more efficient and customizable way to place bets on sports games.

Problems solved by technology

With these systems, fantasy owners are limited to competing only against other fantasy owners who wish to participate for the same time duration.
Since there is no way to standardize the results, fantasy owners cannot easily join the competition late, compete intermittently, or leave early and still be able to reasonably participate.
Moreover, current fantasy sports bettors are generally limited to competing against an undefined opponent.
This limits fantasy sports bettors to a restricted number of wagering options and strategies.
Since there is no standardized measure of success, fantasy sports bettors are limited to trying to select the players who will achieve the greatest number of points.

Method used

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Examples

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Embodiment Construction

[0020]Referring now to the drawings, where like or similar elements are generally designated with identical reference numerals throughout the several views, and referring in particular to FIG. 1, it illustrates an exemplary architecture on which embodiments of the present invention could be utilized. This embodiment includes a server connected to bettors through a network. The server generally contains software for collecting, generating and displaying information for use by bettors, collecting information from bettors, and for analyzing that information. By way of example, a bettor or bettors could be connected to the server through a network device such as a personal computer, an interactive television, a kiosk, or a wireless device, such as a PDA or cell phone. The illustrated arrangement of these components is logical and not meant to be an actual hardware diagram. The network that connects the bettors to the server could be the internet, an intranet, a corporate LAN, or any oth...

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PUM

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Abstract

The present invention can provide a system and method for sports wagering and entertainment. In one exemplary embodiment, the present invention can include a method for odds-based sports wagering, the method comprising: receiving, from a bettor, a selection of at least one players; providing, to the bettor, odds associated with the selection of at least one players; receiving, from the bettor, an at least one bet type and an at least one bet amount based on the odds associated with the selection of at least one players; and returning, to the bettor, a result for the at least one bet type and the at least one bet amount.

Description

FIELD OF THE INVENTION[0001]The present invention relates generally to systems and methods for sports wagering and entertainment.BACKGROUND OF THE INVENTION[0002]In fantasy sports, fantasy owners generally build and manage a team that competes over an entire season against teams built by other fantasy owners. Fantasy owners typically build or draft a roster of players at the beginning of each season from which they will select a lineup for each game of the season. In current systems and methods, fantasy owners earn points based on the game-by-game statistical performances of their selected players and those point totals are directly compared to the point totals of other fantasy owners. In such systems, fantasy owners need to both pick a quality roster and manage that roster well during the season.[0003]In other fantasy sports systems, fantasy owners are given a certain point or salary allotment which they use on a game-by-game or week-by-week basis to select players. Once again, the...

Claims

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Application Information

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Patent Type & Authority Applications(United States)
IPC IPC(8): A63F3/00
CPCG07F17/32G07F17/3272G07F17/3288
Inventor KOUSTAS, NICHOLASMIX, JOHNOXMAN, ALEXANDER
Owner AG 18