Point Management System for Wager Event Tracking
Find Innovative SolutionsGenerate Solutions
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 allocations and distributions.
Innovation Solution
A computer-based system that utilizes database tables to track points among individuals or groups, allowing for the creation of wagers, determination of outcomes, and adjustments based on external events, with a user interface for managing and verifying point allocations and adjustments.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If manual tracking of points among participants is used, then flexibility in managing various types of events is maintained, but complexity and inefficiency increase in managing point allocations and distributions
Solution Approach 1:
The system segments point management into distinct functional modules: event creation module, wager creation module, outcome determination module, and point adjustment module. Each module handles specific aspects of point management independently, improving efficiency while maintaining system organization and reducing overall complexity.
Solution Approach 2:
The system introduces an intermediary computer-based platform that mediates between participants, events, and wagers. This intermediary automatically tracks points, manages allocations, and handles distributions, eliminating manual tracking complexity while significantly improving management efficiency and accuracy.
2Measurement precision
If automated point tracking system is implemented, then efficiency and accuracy of point distributions improve, but system complexity increases
Solution Approach 1:
The automated system is designed as a universal platform that handles multiple functions: tracking points for various event types (wagers and non-wagers), managing participant allocations, determining outcomes, and processing adjustments. This multi-functionality improves measurement precision across all operations while consolidating complexity into a single integrated system rather than multiple separate systems.
Solution Approach 2:
The system dynamically adjusts parameters such as point values, allocation ratios, and distribution rules based on event outcomes and predetermined conditions. This ability to automatically change parameters according to measured outcomes ensures high accuracy in point allocations while the automated parameter management reduces the operational complexity of tracking these changes manually.
3Adaptability or versatility
If comprehensive point management system is used to handle both wagers and non-wager events, then versatility improves, but system complexity increases
Solution Approach 1:
The system is designed as a universal point management platform that seamlessly handles both wager-related events and non-wager events through common core functions. The event creation module accepts various event types, and the point adjustment module applies appropriate rules based on event classification, achieving high versatility while maintaining a unified system architecture that reduces overall complexity compared to separate specialized systems.
Solution Approach 2:
The system dynamically adapts its behavior based on the type of event being managed. For wager events, it applies gambling-related rules and outcome determination processes; for non-wager events, it applies different allocation rules. This dynamic adaptability provides versatility across event types while the automated rule selection reduces the operational complexity of managing different event types separately.
Data Source
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.