Group Wager Module for Progressive Jackpot Pooling
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Solution Overview
Problem
Existing sports wagering systems do not effectively allow users to pool their wagers together in real-time during live sporting events, limiting the social and interactive aspects of sports betting.
Innovation Solution
A method and system for creating a group jackpot in a play-by-play sports betting network, where users can join or create groups, and losses from wagers are pooled into a dynamic jackpot that can be awarded to group members based on winning wagers.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If users wager independently through separate accounts, then each user can place wagers freely, but users cannot pool their wagers together to share jackpots
Solution Approach 1:
The patent merges multiple independent user accounts into unified betting groups that share a common jackpot pool. Users are assigned to groups (e.g., by location, interest, or random assignment) and their individual wagers are combined into a collective pool, allowing them to share both losses and winnings. This combining mechanism enables jackpot pooling while maintaining individual user autonomy in placing wagers.
Solution Approach 2:
The system introduces a grouping mechanism as an intermediary layer between individual users and the wagering system. This intermediary assigns users to groups and manages the pooling of wagers and jackpots, abstracting the complexity from individual users. The grouping structure serves as a mediator that enables cooperation and sharing without requiring direct coordination between each user.
2Ease of operation
If users watch and wager on the same game through different companies, then users have choice in wagering platforms, but social interaction and collaboration are limited
Solution Approach 1:
The patent creates a universal grouping mechanism that can accommodate users from different wagering companies within a single integrated system. The grouping infrastructure works across multiple platforms, allowing users to be assigned to groups regardless of their primary wagering company. This multi-functional approach enables social interaction and jackpot sharing while preserving user choice in which company to use for placing wagers.
3Quantity of substance
If a fixed jackpot amount is used, then the jackpot is simple to manage, but the jackpot cannot dynamically reflect the pooled wager losses
Solution Approach 1:
The patent implements a dynamic jackpot mechanism where the jackpot amount automatically adjusts based on the pooled wager losses from the betting group. Instead of a fixed amount, the jackpot grows as users lose wagers and is distributed when users win. This dynamic calculation reflects the actual pooled value and creates a progressive jackpot that adapts to the group's wagering activity in real-time.
Data Source
AI summary
The present disclosure provides a method of offering a pooled progressive jackpot in a play-by-play wagering network in which groups of users have a portion of their losses assigned to a progressive jackpot. One or more plays in a live sporting event have the progressive jackpot assigned to one or more wagers. When a user wins the wager that the progressive jackpot has been randomly assigned to, and the wager and user meet the eligibility requirements, the progressive jackpot is awarded.