Social Crowdsourced Parlay Gaming System

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Solution Overview

Problem

Current sportsbook platforms do not allow users to socially coordinate and crowdsource individual bets to form parlay tickets, limiting the potential for collective wagering and shared payouts.

Innovation Solution

A social sports betting platform that enables users to publicly and privately crowdsource individual bets, forming parlay tickets with unique user contributions, where users can join or start parlays, share winnings, and manage their bankrolls, with features like experience points and geolocation-based participation.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Adaptability or versatility

If a single user places all bets in a parlay ticket, then the user has full control over bet selection, but the system lacks social collaboration and crowdourced wagering capability

Engineering Contradiction:

Improvesocial collaboration capabilityVSAvoidparlay formation mechanism

Core Design Contradiction:

Adaptability or versatilityVSDevice complexity

Solution Approach 1:

The patent segments the parlay ticket creation process into individual bet contributions from multiple users. Each user can independently select and contribute one bet to the parlay, rather than requiring one user to select all bets. This segmentation enables social collaboration while maintaining clear attribution of each bet's origin.

Inventive Principle:

Principle #1Segmentation

Solution Approach 2:

The patent merges multiple individual user contributions into a single parlay ticket. Multiple users' selected bets are combined into one unified wager that all participants share ownership of and share in the potential payout, creating a collaborative betting mechanism.

Inventive Principle:

Principle #5Merging (Combining)

2Productivity

If multiple users contribute to a single parlay ticket, then crowdourced wagering is enabled, but it becomes complex to track individual contributions and payouts

Engineering Contradiction:

Improvecrowdourced parlay formationVSAvoidindividual bet attribution

Core Design Contradiction:

ProductivityVSLoss of information

Solution Approach 1:

The system provides continuous feedback to all parlay participants about the current state of their shared ticket, including which bets have been contributed by whom, the current odds, and potential payouts. This feedback mechanism ensures transparency and maintains clear attribution of individual contributions throughout the parlay formation process.

Inventive Principle:

Principle #23Feedback

Solution Approach 2:

The system acts as an intermediary that automatically tracks and records each user's contribution to the parlay ticket. The platform manages the complex bookkeeping of multiple contributions, attributing each bet to its originating user and calculating individual shares of the potential payout, thereby eliminating the need for manual tracking.

Inventive Principle:

Principle #24Intermediary (Mediator)

3Reliability

If users must pay for parlay tickets in advance, then the platform secures revenue, but losing users bear the full cost even when their individual bet would have won

Engineering Contradiction:

Improveplatform revenue securityVSAvoiduser financial loss

Core Design Contradiction:

ReliabilityVSObject-affected harmful factors

Solution Approach 1:

The patent changes the pricing parameter from a fixed upfront cost to a dynamic cost structure where the final amount each user pays is adjusted based on the outcomes of their individual bets. If a user's individual bet wins, their cost is reduced or refunded, even if the overall parlay loses. This parameter change aligns the platform's revenue model with fairer outcome-based pricing.

Inventive Principle:

Principle #35Parameter changes

Solution Approach 2:

The system converts what would traditionally be a harmful outcome (users losing money on losing parlays) into a benefit by refunding portions of the ticket cost to users whose individual bets won. This transforms the harsh reality of parlay losses into a more equitable system where individual success can offset collective failure.

Inventive Principle:

Principle #22Blessing in disguise (Convert harm into benefit)

4Ease of operation

If the platform supports only traditional single-user parlays, then the system is simple to operate, but it limits user engagement and social interaction

Engineering Contradiction:

Improveparlay participation processVSAvoidsocial betting feature

Core Design Contradiction:

Ease of operationVSAdaptability or versatility

Solution Approach 1:

The patent makes the parlay ticket system universal by supporting both traditional single-user parlays and new multi-user crowdourced parlays within the same platform. The system accommodates various participation models (individual contribution, full group participation, mixed models) while maintaining a unified interface and operational framework, thereby enhancing social engagement without sacrificing simplicity.

Inventive Principle:

Principle #6Universality (Multi-functionality)

Data Source

PatentUS20220230510A1Social Crowdsourced Parlay Gaming System and Method

Publication Date: 2022.07.21 SEIDEL TANYA E

AI summary

A unique online and mobile, social sports betting system where players submit single bets on future sporting events, to form multiplayer parlay tickets. A parlay, in this case, is a single wager that links together multiple unique bets whose outcome is dependent on all of those bets winning. Registered users in the system can only submit one bet to any given parlay ticket, but can participate in multiple parlay tickets. If all the bets in the parlay win, each player equally shares in the parlay payout. If one or more bets do not win, players that win or push their individual parlay bets get the cost of the ticket refunded, while losing players cover the cost of the entire parlay ticket.