US20160016073A1 - Method to simplify sports betting - Google Patents

Method to simplify sports betting Download PDF

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Publication number
US20160016073A1
US20160016073A1 US14/545,957 US201514545957A US2016016073A1 US 20160016073 A1 US20160016073 A1 US 20160016073A1 US 201514545957 A US201514545957 A US 201514545957A US 2016016073 A1 US2016016073 A1 US 2016016073A1
Authority
US
United States
Prior art keywords
betting
comparative
bets
sports
fantasy
Prior art date
Legal status (The legal status is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the status listed.)
Abandoned
Application number
US14/545,957
Inventor
George Skaff Elias
Richard Channing Garfield
Current Assignee (The listed assignees may be inaccurate. Google has not performed a legal analysis and makes no representation or warranty as to the accuracy of the list.)
Individual
Original Assignee
Individual
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Individual filed Critical Individual
Priority to US14/545,957 priority Critical patent/US20160016073A1/en
Publication of US20160016073A1 publication Critical patent/US20160016073A1/en
Abandoned legal-status Critical Current

Links

Classifications

    • A—HUMAN NECESSITIES
    • A63—SPORTS; GAMES; AMUSEMENTS
    • A63F—CARD, BOARD, OR ROULETTE GAMES; INDOOR GAMES USING SMALL MOVING PLAYING BODIES; VIDEO GAMES; GAMES NOT OTHERWISE PROVIDED FOR
    • A63F3/00—Board games; Raffle games
    • A63F3/00003—Types of board games
    • A63F3/00157—Casino or betting games
    • G—PHYSICS
    • G07—CHECKING-DEVICES
    • G07F—COIN-FREED OR LIKE APPARATUS
    • G07F17/00—Coin-freed apparatus for hiring articles; Coin-freed facilities or services
    • G07F17/32—Coin-freed apparatus for hiring articles; Coin-freed facilities or services for games, toys, sports, or amusements
    • G07F17/3244—Payment aspects of a gaming system, e.g. payment schemes, setting payout ratio, bonus or consolation prizes
    • G—PHYSICS
    • G07—CHECKING-DEVICES
    • G07F—COIN-FREED OR LIKE APPARATUS
    • G07F17/00—Coin-freed apparatus for hiring articles; Coin-freed facilities or services
    • G07F17/32—Coin-freed apparatus for hiring articles; Coin-freed facilities or services for games, toys, sports, or amusements
    • G07F17/326—Game play aspects of gaming systems
    • G—PHYSICS
    • G07—CHECKING-DEVICES
    • G07F—COIN-FREED OR LIKE APPARATUS
    • G07F17/00—Coin-freed apparatus for hiring articles; Coin-freed facilities or services
    • G07F17/32—Coin-freed apparatus for hiring articles; Coin-freed facilities or services for games, toys, sports, or amusements
    • G07F17/3286—Type of games
    • G07F17/3288—Betting, e.g. on live events, bookmaking
    • A—HUMAN NECESSITIES
    • A63—SPORTS; GAMES; AMUSEMENTS
    • A63F—CARD, BOARD, OR ROULETTE GAMES; INDOOR GAMES USING SMALL MOVING PLAYING BODIES; VIDEO GAMES; GAMES NOT OTHERWISE PROVIDED FOR
    • A63F3/00—Board games; Raffle games
    • A63F3/06—Lottos or bingo games; Systems, apparatus or devices for checking such games
    • A63F3/0605—Lottery games
    • A63F3/0615—Lottery games based on sporting events, e.g. football pools

Definitions

  • the present invention is in the field of games. More particularly, the present invention is in the field of betting or wagering games involving sports, or sports fantasy.
  • the game operator In traditional wagering games, the game operator generally acts as a market maker.
  • the game operator could balance the amounts of bets and expected payout by setting and adjusting the odds that determine the payout of a bet or wager on a particular betting proposition or by adjusting the spread between the two sides of a comparative bet. For example, a game operator could increase the odds to yield a higher payout in order to attract more bets on an undersubscribed event in the betting pool.
  • a game operator could also add or adjust a point spread to a comparative bet, i.e., adding a required performance condition to raise the winning threshold for one side in order to attract more bets to the other side.
  • the present invention is a method to simplify traditional sports betting by matching bets on roughly even betting propositions or comparative choices.
  • the game operator In traditional wagering games, the game operator generally acts as a market maker. Each bet or wager is a contract between a player or participant with the game operator, rather between two players. The game operator could balance the amounts of bets and expected payout by setting and adjusting the odds that determine the payout of a bet or wager on a particular betting proposition or by adjusting the spread between the two sides of a comparative bet. Such odds or spreads can make the user interface in traditional betting or wagering games very difficult to understand for many players. Moreover, it can make bets difficult to compare. Two bets on essentially the same proposition can be largely incomparable if the odds and applicable spreads are different.
  • the present invention is a method of simplifying sports betting in particular and wagering games in general by matching bets on roughly even betting propositions or comparative choices.
  • the game operator does not act as a market maker but as matching facilitator.
  • the game operator will identify propositions or comparative choices that have roughly even odds or 50-50 chance of likelihood (based on surveys, search rankings or data mining using proprietary algorithms), and then facilitate the pairing of bets for and against such proposition, or on each side of a particular comparative contest (such as the case in sports fantasy or other fantasy games).
  • the new method also expands the scope of competitive contests in sports fantasy or other fantasy games by identifying and creating a market of discrete wagering propositions that depend on the comparative performance of two players, characters, or fantasy teams.

Abstract

The claimed invention is a new method of simplifying traditional sports betting by matching bets on roughly even betting propositions or comparative choices.

Description

    CROSS-REFERENCE TO RELATED APPLICATIONS
  • Applicants are claiming the benefit of a provisional patent application with the same title, No. 61/999,065, filed on Jul. 15, 2014.
    • STATEMENT REGARDING FEDERALLY SPONSORED RESEARCH OR DEVELOPMENT
  • Not Applicable
    • REFERENCE TO SEQUENCE LISTING, A TABLE, OR A COMPUTER PROGRAM LISTING COMPACT DISK APPENDIX
  • Not Applicable
    • BACKGROUND OF THE INVENTION
  • The present invention is in the field of games. More particularly, the present invention is in the field of betting or wagering games involving sports, or sports fantasy.
  • In traditional wagering games, the game operator generally acts as a market maker. The game operator could balance the amounts of bets and expected payout by setting and adjusting the odds that determine the payout of a bet or wager on a particular betting proposition or by adjusting the spread between the two sides of a comparative bet. For example, a game operator could increase the odds to yield a higher payout in order to attract more bets on an undersubscribed event in the betting pool. A game operator could also add or adjust a point spread to a comparative bet, i.e., adding a required performance condition to raise the winning threshold for one side in order to attract more bets to the other side.
    • SUMMARY OF THE INVENTION
  • The present invention is a method to simplify traditional sports betting by matching bets on roughly even betting propositions or comparative choices.
    • BRIEF DESCRIPTION OF THE DRAWINGS
  • No drawing is necessary to understand or implement the invention.
    •  DETAILED DESCRIPTION OF THE INVENTION
  • In traditional wagering games, the game operator generally acts as a market maker. Each bet or wager is a contract between a player or participant with the game operator, rather between two players. The game operator could balance the amounts of bets and expected payout by setting and adjusting the odds that determine the payout of a bet or wager on a particular betting proposition or by adjusting the spread between the two sides of a comparative bet. Such odds or spreads can make the user interface in traditional betting or wagering games very difficult to understand for many players. Moreover, it can make bets difficult to compare. Two bets on essentially the same proposition can be largely incomparable if the odds and applicable spreads are different.
  • The present invention is a method of simplifying sports betting in particular and wagering games in general by matching bets on roughly even betting propositions or comparative choices.
  • Under this new method, the game operator does not act as a market maker but as matching facilitator. The game operator will identify propositions or comparative choices that have roughly even odds or 50-50 chance of likelihood (based on surveys, search rankings or data mining using proprietary algorithms), and then facilitate the pairing of bets for and against such proposition, or on each side of a particular comparative contest (such as the case in sports fantasy or other fantasy games).
  • Under this new system, the user interface will be greatly simplified. A player or participant in the game generally does not have to deal with the complications of odds or spreads. Moreover, the payout is also simpler. A positive outcome on a bet under the new system generally yields the same amount of payout as the amount of entry fee or wager (less any applicable commissions for fee payable to the game operator).
  • The new method also expands the scope of competitive contests in sports fantasy or other fantasy games by identifying and creating a market of discrete wagering propositions that depend on the comparative performance of two players, characters, or fantasy teams.
  • Also, because each betting proposition or comparative choice under this new method is roughly an even bet and ultimately represents a debate between opposing players on each side of the proposition (e.g., which of two given NFL quarterbacks will have a better performance this weekend), skill and knowledge can have larger role to play under the new method, just as skill and knowledge has a bigger role in sports fantasy games than in traditional sports betting.
  • While the foregoing written description of the invention enables one of ordinary skill to make and use what is considered presently to be the best mode thereof, those of ordinary skill will understand and appreciate the existence of variations, combinations, and equivalents of the specific embodiment, method, and examples herein. The invention should therefore not be limited by the above described embodiment, method, and examples, but by all embodiments and methods within the scope and spirit of the invention as claimed.

Claims (1)

We claim:
1. A new method of simplifying sports betting in particular and wagering games in general by matching bets on roughly even betting propositions or comparative choices, wherein a game operator identifies propositions or comparative choices that have roughly even odds or 50-50 chance of likelihood, and then facilitates the pairing of bets for and against such proposition, or on each side of a particular comparative contest (such as the case in sports fantasy or other fantasy games).
US14/545,957 2014-07-15 2015-07-13 Method to simplify sports betting Abandoned US20160016073A1 (en)

Priority Applications (1)

Application Number Priority Date Filing Date Title
US14/545,957 US20160016073A1 (en) 2014-07-15 2015-07-13 Method to simplify sports betting

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US201461999065P 2014-07-15 2014-07-15
US14/545,957 US20160016073A1 (en) 2014-07-15 2015-07-13 Method to simplify sports betting

Publications (1)

Publication Number Publication Date
US20160016073A1 true US20160016073A1 (en) 2016-01-21

Family

ID=55073752

Family Applications (1)

Application Number Title Priority Date Filing Date
US14/545,957 Abandoned US20160016073A1 (en) 2014-07-15 2015-07-13 Method to simplify sports betting

Country Status (1)

Country Link
US (1) US20160016073A1 (en)

Cited By (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US10515516B1 (en) 2018-08-24 2019-12-24 Postitplayit, Inc. Peer-to-peer competition wagering exchange network

Citations (14)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US4856787A (en) * 1986-02-05 1989-08-15 Yuri Itkis Concurrent game network
US5593161A (en) * 1995-12-05 1997-01-14 Bet Technology, Inc. Wagering game with a set of rounds and bets
US6336633B1 (en) * 1999-07-22 2002-01-08 Prime Table Games Llc Method and apparatus for playing a dice game
US6422563B1 (en) * 2000-10-18 2002-07-23 Andrew Fairchild Method of playing a dice betting game and a playing board therefor
US6464225B1 (en) * 1999-07-22 2002-10-15 Prime Table Games Llc Method and apparatus for playing a dice game
US20030022717A1 (en) * 2001-04-06 2003-01-30 Magnus Bjorklund Method for performing games
US20050075983A1 (en) * 2003-10-07 2005-04-07 Danny St.-Denis Method of, and system for enforcing jurisdiction in online services
US6926277B2 (en) * 2003-12-30 2005-08-09 Vincenzo Auricchio Simplified single throw craps game
US20060252520A1 (en) * 2005-04-22 2006-11-09 Platis Harry B Pari-mutuel wagering on large entrant pools system and method
US20060258438A1 (en) * 2005-05-13 2006-11-16 Harry Platis Online wagering system and method
US7216869B1 (en) * 2005-02-09 2007-05-15 Gallagher L Scott Suits and ladders game
US20080079218A1 (en) * 2006-09-29 2008-04-03 Harry Wilson Morris Wagering game using cards and dice
US20080113816A1 (en) * 2006-03-02 2008-05-15 Mahaffey Clayton R Methods and systems for betting with pari-mutuel payouts
US20140045595A1 (en) * 2012-08-10 2014-02-13 Robert Joseph Baschnagel, III Friendly fantasy game challenge

Patent Citations (17)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US4856787A (en) * 1986-02-05 1989-08-15 Yuri Itkis Concurrent game network
US4856787B1 (en) * 1986-02-05 1997-09-23 Fortunet Inc Concurrent game network
US5593161A (en) * 1995-12-05 1997-01-14 Bet Technology, Inc. Wagering game with a set of rounds and bets
US6336633B1 (en) * 1999-07-22 2002-01-08 Prime Table Games Llc Method and apparatus for playing a dice game
US6464225B1 (en) * 1999-07-22 2002-10-15 Prime Table Games Llc Method and apparatus for playing a dice game
US6422563B1 (en) * 2000-10-18 2002-07-23 Andrew Fairchild Method of playing a dice betting game and a playing board therefor
US6878062B2 (en) * 2001-04-06 2005-04-12 Anoto Ab Method for performing games
US20030022717A1 (en) * 2001-04-06 2003-01-30 Magnus Bjorklund Method for performing games
US20050159206A1 (en) * 2001-04-06 2005-07-21 Anoto Ab Method for performing games
US20050075983A1 (en) * 2003-10-07 2005-04-07 Danny St.-Denis Method of, and system for enforcing jurisdiction in online services
US6926277B2 (en) * 2003-12-30 2005-08-09 Vincenzo Auricchio Simplified single throw craps game
US7216869B1 (en) * 2005-02-09 2007-05-15 Gallagher L Scott Suits and ladders game
US20060252520A1 (en) * 2005-04-22 2006-11-09 Platis Harry B Pari-mutuel wagering on large entrant pools system and method
US20060258438A1 (en) * 2005-05-13 2006-11-16 Harry Platis Online wagering system and method
US20080113816A1 (en) * 2006-03-02 2008-05-15 Mahaffey Clayton R Methods and systems for betting with pari-mutuel payouts
US20080079218A1 (en) * 2006-09-29 2008-04-03 Harry Wilson Morris Wagering game using cards and dice
US20140045595A1 (en) * 2012-08-10 2014-02-13 Robert Joseph Baschnagel, III Friendly fantasy game challenge

Cited By (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US10515516B1 (en) 2018-08-24 2019-12-24 Postitplayit, Inc. Peer-to-peer competition wagering exchange network

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STCB Information on status: application discontinuation

Free format text: ABANDONED -- FAILURE TO RESPOND TO AN OFFICE ACTION