System and method of betting on a sporting event which awards pay outs based on the difference between the actual and predicted results (“Pay Per Point”)
US7278914B1 · kind B1 · utility
10Cited by
6References
4Claims
0Family size
Inventors
Key dates
| Filing date | May 15, 2003 |
| Grant date | Oct 9, 2007 |
| Priority date | — |
| Expiry date | Jun 6, 2025 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG07F17/3288
- WIPO fieldControl
- WIPO sectorInstruments
Abstract
A system and method for sports betting that awards pay outs based upon the difference between the actual and predicted results (“Pay Per Point”). In a preferred embodiment of the invention, the Pay Per Point bettor may place any or all of three different bets: 1) spread-line bet, 2) event-total-line bet, 3) team-total-line bet. For the spread-line bet, the bettor collects a pay out based upon the difference between the actual score and predicted spread-line. For the event-total-line Bet, the bettor collects a pay out based upon the difference between the actual score and predicted spread-line.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.