Limited risk wagering environment

Details Limited risk wagering environment Limited risk wagering environment

2011-03-22

2011-03-22

Frenel, Vanel (Department: 3687)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Accounting

C705S001100, C705S026640, C705S035000, C705S03600T, C709S217000, C273S292000, C463S025000

Reexamination Certificate

active

07912766

ABSTRACT:
Disclosed herein is a computer implemented method and system for rendering returns to users on an online platform. The online platform allows users to wager stakes for an event. The wagered stakes are pooled in a combined pot. Stake groups of users are created based on predetermined outcomes of the event. A winning stake group is determined out of stake groups at completion of a predetermined period of time. Time frame groups are identified from the winning stake group based on time of entry into the event. The time value appreciated returns to be rendered to the time frame groups are calculated. If the allotment of the time value appreciated return is possible, winning stakes and the time value appreciated returns are rendered to time frame groups. If the allotment of time value appreciated returns is not possible, the winning stakes are returned to the time frame groups.

REFERENCES:
patent: 5873782 (1999-02-01), Hall
patent: 6321212 (2001-11-01), Lange
patent: 2005/0086143 (2005-04-01), Vlazny et al.
patent: 2005/0171878 (2005-08-01), Pennock
patent: 2006/0265313 (2006-11-01), Fung et al.
patent: WO2005/074617 (2005-08-01), None

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