Wagering on event outcomes during the event
US12424056B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | May 1, 2024 |
| Grant date | Sep 23, 2025 |
| Priority date | — |
| Expiry date | May 1, 2044 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG07F17/3293
- WIPO fieldControl
- WIPO sectorInstruments
Abstract
Techniques for determining odds for electronic betting on a live sporting event automatically based on trusted sources are described. For example, information related to an in-progress, live sporting event is received from sources. Each source has a calculated, respective trust score. Once the live sporting event has started, but before a certain outcome of the live sporting event has been determined, possible future values of the outcome are determined. A respective probability for each of the possible future values is calculated based on the information and reliability information. The reliability information is based on the respective trust scores of the sources. Based on the probabilities and repeated calculations of the reliability information, odds for betting that one of the possible future values of the outcome is calculated.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.