Fantasy Sports Betting Contest System for Participant Engagement
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Solution Overview
Problem
Traditional fantasy sports leagues often lead to disengagement among low-performing participants, as they have limited opportunities to improve their standing once they fall behind, resulting in reduced participation and interest as the season progresses.
Innovation Solution
Implementing a system of betting contests based on the performance of real-world sports players, where participants wager points on selected players, with winners determined by fantasy sports points, encouraging active participation and providing opportunities for low-performing participants to regain interest through risk management and potential winnings.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If traditional fantasy sports leagues are used, then participants can manage their fantasy teams throughout the season, but low-performing participants lose interest and reduce participation as the season progresses
Solution Approach 1:
The patent divides the fantasy sports season into multiple betting contests with separate wager pots, allowing participants to engage in discrete, manageable units rather than one continuous league. Each contest is independent, so poor performance in one doesn't permanently handicap participants in others, maintaining engagement throughout the season.
Solution Approach 2:
The system dynamically adjusts participant incentives by introducing betting contests that operate parallel to traditional leagues. Participants can flexibly allocate their attention and resources across multiple contests, adapting their engagement level based on current performance and interest rather than being locked into a single rigid league structure.
2Ease of operation
If betting contests are introduced alongside traditional fantasy leagues, then participant engagement and active participation are enhanced, but system complexity increases
Solution Approach 1:
The patent combines betting contests with traditional fantasy leagues into a unified platform where both systems operate simultaneously. The same fantasy team data and player performance metrics serve both the traditional league rankings and the betting contest wagers, eliminating the need for separate data collection systems and reducing overall complexity.
Solution Approach 2:
The fantasy sports platform is designed to serve multiple functions: traditional league management, betting contest operation, and participant ranking. The same technical infrastructure handles both league standings and betting wager pots, making the system more versatile without requiring duplicate systems for each function.
3Adaptability or versatility
If participants wager points on selected players, then risk management and potential winnings are provided, but the complexity of determining winners and managing wagers increases
Solution Approach 1:
The system automatically determines betting contest winners based on pre-established criteria without requiring manual intervention. The fantasy sports platform automatically compares player performance against wagered points and distributes winnings from the wager pot, eliminating the need for complex manual scoring and reducing operational complexity.
Solution Approach 2:
The betting contest system provides immediate feedback to participants by automatically calculating winners and losers based on real-time player performance data. This automated feedback loop eliminates manual evaluation complexity and ensures fair, transparent results while maintaining the risk management excitement for participants.
Data Source
AI summary
Various embodiments described herein provide systems and methods for betting contests relating to sports matches and, in particular, relating to fantasy sports associated with sports matches. For some embodiments, the systems and methods described herein establish and conduct one or more betting contests based on the performance of individual real-world sports players. Additionally, for some embodiments, the performance of an individual real-world sports player is determined using fantasy sports points (hereafter, fantasy points) attributed to the individual real-life sports player by one or more fantasy sports systems.