Betting Matrix with Segmented Wagering Parameters
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Solution Overview
Problem
Existing wagering systems face challenges such as complexity in filling and distributing box pools, difficulties in accessing pools frequently, and the need for significant monetary wagers.
Innovation Solution
An electronic betting system or web-based application that allows users to wager on sporting events by selecting a betting matrix with rows and columns representing possible outcomes, enabling users to control the volatility of their wagers and participate regardless of other participants.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If users participate in traditional box pools, then they can wager on event outcomes, but the system becomes complex to fill and distribute
Solution Approach 1:
The patent divides the traditional box pool into multiple independent betting matrices, each representing a separate wagering opportunity. Users can select individual matrices rather than being forced to participate in complex pooled betting structures. This segmentation simplifies the overall system by breaking down the monolithic box pool into manageable, independent units that are easier to fill, track, and distribute.
Solution Approach 2:
The patent extracts the complexity of box pool management by allowing users to place bets on individual matrices independently rather than requiring participation in a centralized pooled system. This removes the need for complex pool-filling mechanics and distribution algorithms, as each matrix operates as a standalone wagering vehicle.
2Productivity
If users access traditional betting pools frequently, then they can adjust their wagers, but it becomes difficult to access pools frequently
Solution Approach 1:
By segmenting the betting system into multiple independent matrices, users can access and place bets on any individual matrix at any time without being constrained by pool-filling requirements. This allows frequent betting activity as users can jump between different matrices independently, eliminating the bottleneck of centralized pool access.
Solution Approach 2:
The system allows dynamic access to individual betting matrices without requiring users to wait for pool formation or coordination with other participants. Each matrix can be accessed, bet on, and settled independently, enabling flexible and frequent betting operations that adapt to user needs without operational constraints.
3Measurement precision
If users want to place precise bets on specific outcomes, then they need detailed outcome information, but this increases system complexity
Solution Approach 1:
The patent segments the betting information into distinct matrices, where each matrix is dedicated to a specific event or betting opportunity with its own set of outcomes. This organization allows users to focus on precise outcomes within each matrix without being overwhelmed by information from the entire betting ecosystem. The segmented structure makes it easier to manage and present outcome information in a digestible, precise manner.
Solution Approach 2:
Each betting matrix is designed with local quality optimized for its specific purpose, presenting only the relevant outcome information for that particular event or wager type. This allows users to access detailed, precise outcome information for their specific betting interests without the noise and complexity of unrelated betting data, maintaining precision while managing information complexity through localized presentation.
4Quantity of substance
If traditional box pools require significant monetary wagers, then they can provide substantial payouts, but this reduces accessibility for smaller bets
Solution Approach 1:
The patent segments the monetary wagering into multiple independent matrices, each capable of accepting smaller individual bets. Instead of requiring users to commit large amounts to a single box pool, the segmented matrix structure allows users to distribute their wagers across multiple matrices with smaller stakes on each, maintaining potential for substantial overall returns while improving accessibility for users with smaller betting budgets.
Solution Approach 2:
The system dynamically accommodates various wager amounts across different matrices, allowing users to adjust their betting levels to match their preferences and budgets. Each matrix can independently handle different stake sizes, enabling users to participate with smaller bets on individual matrices while still having the option to accumulate significant exposure across multiple selections, thereby enhancing accessibility without sacrificing payout potential.
Data Source
AI summary
Various systems and methods enable users to submit bets via a betting matrix comprising a plurality of rows and columns. Each row corresponds to a potential outcome in a first category such as a possible score of a first team, and each column corresponds to a potential outcome in a second category such as a possible score of a second team. A user may enter a bet, e.g., by selecting one or more events and then selecting one or more elements of one or more betting matrices corresponding to the one or more events. The bets may be confirmed substantially when entered, e.g., without regard for any other bet made by any other user.