System and method for betting on a participant in a group of events
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United States of America Patent
Stats
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Jan 15, 2013
Grant Date -
Sep 30, 2004
app pub date -
Sep 22, 2003
filing date -
Mar 31, 2003
priority date (Note) -
In Force
status (Latency Note)
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Abstract
A method of managing bets includes receiving first types of bets and second types of bets. Each first type of bet comprises a bet that the number of units earned by a participant in a plurality of events will fall within a first range of numbers. Each second type of bet comprises a bet that the number of units earned by the participant over a course of a plurality of events will fall within a second range of numbers. The total number of units earned by the participant is determined based on the positioning of the participant in each event. The method includes determining whether the first or second type of bets are winning bets. A betting pool is determined based on the total amounts associated with the first and second types of bets. A payout is determined based on the betting pool and the total amounts of the winning bets.
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