Automated Point Exchange System for Wager Tracking

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Solution Overview

Problem

Current systems lack an efficient method for tracking and adjusting points among participants in wagers and non-wager related events, leading to complexity and inefficiency in managing point distributions.

Innovation Solution

A computer-based system that includes database tables for tracking points and a process for adjusting point allocations based on wager outcomes and external events, allowing for user interfaces to manage wagers, determine outcomes, and facilitate point adjustments.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Productivity

If manual tracking methods are used for point distribution, then flexibility in managing different types of events is maintained, but efficiency and accuracy of point tracking deteriorate

Engineering Contradiction:

Improveefficiency of point trackingVSAvoidcomplexity of point management system

Core Design Contradiction:

ProductivityVSDevice complexity

Solution Approach 1:

The patent replaces manual mechanical tracking methods with an automated computer-based system that uses databases and software to track and adjust points automatically. This substitution eliminates manual errors and improves efficiency while maintaining flexibility through programmable rules for different event types.

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

Solution Approach 2:

The system automatically adjusts points based on predetermined rules and event outcomes without requiring manual intervention for each adjustment. The computer system self-manages the point distribution process, reducing human workload while maintaining accuracy and flexibility through automated calculations and database updates.

Inventive Principle:

Principle #25Self-service

2Ease of operation

If separate tracking systems are used for wagers and non-wager events, then specificity in tracking different event types is maintained, but system complexity and ease of operation deteriorate

Engineering Contradiction:

Improveease of managing point distributionsVSAvoidnumber of separate tracking systems

Core Design Contradiction:

Ease of operationVSDevice complexity

Solution Approach 1:

The patent combines separate tracking systems for wagers and non-wager events into a single integrated computer-based system. This unified system uses a common database structure and centralized control logic to manage all point distributions, reducing the number of separate systems while maintaining the ability to handle different event types through standardized interfaces and event classification mechanisms.

Inventive Principle:

Principle #5Merging (Combining)

Solution Approach 2:

The computer-based system is designed with universal functionality to handle multiple types of events (wagers, non-wager events, adjustments) through a single platform. The system uses configurable event types and flexible adjustment rules that can accommodate different scenarios without requiring separate specialized systems, thereby simplifying operations while maintaining specificity.

Inventive Principle:

Principle #6Universality (Multi-functionality)

Data Source

PatentUS10217320B2Products and processes for a point exchange

Publication Date: 2019.02.26 CFPH LLC

AI summary

Methods of tracking points among participants in various wagers. An indication of a wager may be received, including point distributions, participants, an event, etc. An indication of an outcome of the wager may be received. Points may be allocated among participants in accordance with a desired point distribution based on the outcome of the wager. An indication of a point adjustment may be received, and points may be adjusted accordingly. The point adjustment may be associated with an external exchange between participants in a wager. Other embodiments are disclosed.