SYSTEM FOR BETTING ON A SUBSET OF PARTICIPANTS IN AN EVENT ACCORDING TO MULTIPLE GROUPS

摘要

A system for managing bets is provided. The system includes means for receiving at least one group bet for an event having a set of participants. A first group comprises a first subset of the participants and a second group comprises a second subset of the participants. The group bet comprises a bet that one of the first subset of participants will win the event. The system continues to receive results of the event identifying a winning participant. The system determines an amount of a group bet payout for the group bet based on whether the first subset of participants includes the winning participant.