Wagering on event outcomes during the event
US11410492B2 · kind B2 · utility
1Cited by
160References
20Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | Jul 20, 2020 |
| Grant date | Aug 9, 2022 |
| Priority date | — |
| Expiry date | Jan 22, 2041 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG07F17/3293
- WIPO fieldControl
- WIPO sectorInstruments
Abstract
Methods and systems are provided for managing a wagering system. In one exemplary embodiment, state information of a live event such as a sports game may be received in real time. During the event, a plurality of possible future states of the event and their associated probabilities (and odds) may be determined based on the state information, historical information, and current in-game information. A betting market is created for betting on the possible future states at determined odds. The betting market is closed, and winning and losing bets are resolved based on updated state information.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.