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System and Method for Monitoring a Bet

a bet system and bet technology, applied in the field of real-time monitoring of bets, can solve problems such as difficulty in keeping track of bets and getting updates in real-tim

Inactive Publication Date: 2011-01-20
MOBILE GAMING TECH
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

Therefore, it is often difficult to keep track of the bets and get updates in real-time.

Method used

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  • System and Method for Monitoring a Bet

Examples

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example

[0063]Assume that there is basketball game between two teams (Team A and Team B) with four ten-minute quarters, for a total of 40 minutes. There are 3 minutes left in the third quarter, so 27 minutes have been played in the game. Team A has 68 total points, with 27 points in the first quarter, 20 points in the second quarter, and 21 points in the third quarter. Team B has 68 total points, 23 points in the first quarter, 25 points in the second quarter, and 20 points in the third quarter. Team A has scored 10 points in the last three minutes, and Team B has scored 6 minutes in the last three minutes. In addition, the first quarter time period (1ET) has a weight of 0.8; the second quarter time period (2ET) has a weight of 0.9; the third quarter time period (3ET) and total game time period (TET) have weights of 1; and the time period of the last three minutes has a rate of 1.1.

[0064]Team A

TET=(68 / 27)*1

1ET=(27 / 10)*0.8

2ET=(20 / 10)*0.9

3ET=(21 / 7)*1

4ET=0

LPT=(10 / 3)*1.1

SRM=(2.52+2.16+1.8+3.00+...

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Abstract

A method of monitoring one or more bets includes: (a) receiving an alert comprising at least one wager on at least one sporting event; (b) receiving real-time updates comprising data representative of the at least one sporting event; (c) transforming the data representative of the at least one sporting event into a real-time probability of success of the at least one wager; and (d) transmitting the real-time probability of success to be displayed at a computing device. Other embodiments are also disclosed herein.

Description

CROSS-REFERENCE TO RELATED APPLICATIONS[0001]This patent application claims the benefit of U.S. Provisional Application No. 61 / 226,180, filed Jul. 16, 2009.FIELD OF INVENTION[0002]This invention relates generally to a system and method of monitoring sport bets. More particularly, this invention relates to real-time monitoring of bets made by users.BACKGROUND OF THE INVENTION[0003]Sports betting is a popular and growing pastime. There are a number of different types of bets that can be made, and a person can place a bet on just about any sport in the world. In addition, with the addition of statistics available to everyone, bookmakers are continually creating unique packages to attract potential betters. A frequent sports better can make multiple wagers in a week. The wagers can include multiple sporting events and multiple sports. Therefore, it is often difficult to keep track of the bets and get updates in real-time. A better often is involved with several sporting events occurring...

Claims

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Application Information

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IPC IPC(8): A63F9/24
CPCG07F17/3223G07F17/3288G07F17/3227
Inventor TORF, KEVIN
Owner MOBILE GAMING TECH
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