System and method for betting on a subset of participants in an event according to multiple groups
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United States of America Patent
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app pub date -
Mar 9, 2005
filing date -
Dec 22, 2004
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Abstract
A method of managing bets is provided. The method includes receiving at least one group bet for an event having a set of participants. A first group comprises a first subset of the participants and a second group comprises a second subset of the participants. The group bet comprises a bet that one of the first subset of participants will win the event. The method continues by receiving results of the event identifying a winning participant. The method concludes by determining an amount of a group bet payout for the group bet based on whether the first subset of participants includes the winning participant.
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