Remote Micro-Betting System for Real-Time Game Event Wagering
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Solution Overview
Problem
Current betting systems do not allow users to wager on micro-events occurring during macro-events in real-time, limiting the engagement and interaction of users with live events.
Innovation Solution
A system and method enabling users of remote devices to bet on micro-outcomes of macro-events through a data network, using bi-directional communication with a server, allowing for real-time wagering on discrete and cumulative micro-events, such as specific plays in a game, with secure registration and customizable betting options.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If users are allowed to wager on micro-events in real-time, then user engagement and interaction increase, but system complexity and security requirements increase
Solution Approach 1:
The system segments the betting process into distinct functional modules: user registration module, event identification module, bet placement module, odds calculation module, and result verification module. Each module handles a specific aspect of micro-event wagering, allowing the complex system to be managed through independent, manageable components that can be developed and maintained separately.
Solution Approach 2:
The patent introduces intermediary components including a control function that mediates between users and the betting system, and a randomized selection mechanism that acts as an intermediary to prevent cheating. These intermediaries simplify user interaction while maintaining system security and integrity.
2Reliability
If betting options are randomized to prevent cheating, then system security improves, but user control and predictability decrease
Solution Approach 1:
The system performs preliminary actions by pre-configuring randomized betting options and control functions before the actual betting occurs. The control function is established in advance with predefined parameters for randomness, ensuring security measures are in place before users place bets, rather than attempting to control randomness during the betting process.
Solution Approach 2:
The patent utilizes parameter changes by allowing the randomized selection mechanism to dynamically adjust betting parameters within predefined ranges. This maintains security through randomness while preserving user control, as users can still select from multiple randomized options and place bets according to their preferences.
Data Source
AI summary
A method and system for micro-betting. One or more micro-bets can be electronically placed with respect to one or more micro-events associated with an event during a round of micro-betting. One or more wages with respect to the micro-bet(s) can be managed and controlled during the round of micro-betting. The wager(s) can be managed and controlled remotely from electronically placing the micro-bet(s) during the round of micro-betting. Additionally, a portion of a profit can be automatically obtained with respect to the round of micro-bets in exchange for the aforementioned managing and controlling of the wager(s) with respect to the micro-bet(s) during the round of micro-betting.