Online commodity competition

Abstract

An online competition may track performance of real life commodities. The competition may organize groups of franchises into leagues. The competition may also group the franchises into teams of franchises where performance of each franchise may contribute toward a team performance total. The team performance total may be used to determine a winner amongst a group of teams assembled into a competition.

Description

BACKGROUND OF THE INVENTION[0001]The present invention generally relates to contests and more particularly, to an online commodity competition.[0002]Online competitions may offer a variety of themes to which participants may demonstrate a skill in understanding the underlying bases for performance. For example, some online competitions offer a fantasy competition where a participant chooses from amongst a pool of eligible real life commodities whose performance may be tracked. The participant may typically assemble a group of commodities to represent the participant in competition; the better the performance of the commodities, the better the chances of winning the competition.[0003]For example, a popular form of online competition is a fantasy sports league. A participant typically plays the role of general manager under the concept that he or she can perform better as a general manager than other competitors in the league. A participant may typically field a franchise in the leagu...

AI Technical Summary

Benefits of technology

[0009]In another aspect of the present invention, a server comprises a storage module and a processor. The processor may be configured to: provide an electronic interface configured to host an online fantasy competition; organize on the electronic interface, a plurality of franchise leagues comprising respectively a plurality of franchises comprising individually performing commodities wherein each franchise is a member of a team of franchises grouped together from the plurality of franchises, and each franchise within each team represents their respective team in each franchise's respective franchise league; organize on the electronic interface into a team league, a plurality of teams of franchises wherein a performance of each team within the plurality of teams of franchises is tracked; and provide a platform to exchange the individually performing commodities across the plurality of teams of franchises.

Problems solved by technology

An undesirable result of these competitions may be the lack of incentive to continue actively participating when it becomes apparent that a franchise(s) is unable to overcome better performing franchises within a league.

Other franchises may be unable to continue because a real life event has required their attention and thus, they are unable to attend to their franchise.

This may contribute to other participants being dissatisfied because the integrity of the competition has been compromised.

Another issue with typical online competitions is the luck factor.

However, luck does manifest itself, for example, as injuries to real life athletes.

It can be frustrating for some competitors to assemble a competitive roster of players only to have their plans derailed by injury or some other real life event.

A number of bad luck occurrences may force a participant to surrender well before the season ends.

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