WAGER MARKET CREATION AND MANAGEMENT

摘要

Methods and systems are provided herewith for creating and managing wagers on possible states or outcomes within a live event, such as outcomes of at-bats, innings, and other subparts of a sporting event or other event. An initial state and multiple possible future states of a performance parameter of the event may be determined based on state information of the event. A betting market may be created based on probabilities and odds determined for the possible future states. The betting market may be closed at a time after bets are received and before an end of an initial state. A payout may be made to a winner who selected the correct outcome of the performance parameter.

主权项

1. A method, comprising:
receiving a stream of state information of a live sporting event in real time, the live sporting event being played in a playing area by a plurality of players including a first player, in which the act of receiving a stream of state information comprises receiving injury information about an injury to the first player that occurred during the live sporting event; determining by a computer processor an initial state and a plurality of possible future states of a first performance parameter of the live sporting event based on the stream of state information; after a beginning of the game and before the start of the event, calculating a probability of occurrence for at least one of the plurality of possible future states of the first performance parameter based on historical data related to the first performance parameter, the plurality of possible future states being mutually exclusive from one another, in which the act of calculating the probability of occurrence comprises calculating a probability of occurrence based at least in part on injury information about the injury to the first player that occurred during the live sporting event; transmitting, during an initial state of the first performance parameter, a signal operative to open a first market for betting on the at least one of the plurality of possible future states, the first market comprising betting odds based on the calculated probability of occurrence; after transmitting the signal operative to open the first market, receiving a bet on one of the at least one plurality of possible future states; after transmitting the signal operative to open the first market, determining an end of the initial state, in which a bet on one of the at least one possible future states is received via a touch-screen input of a touch-screen after transmitting the signal operative to open the first market and before the end of the initial state, in which the bet is received via the touch-screen input at a time when the touch-screen displays a live image of at least a portion of the playing area; before the end of the initial state, transmitting a signal operative to close the first market; after transmitting the signal operative to close the first market, determining an outcome of the first performance parameter based on a portion of the received stream of state information that is received after the end of the initial state; and transmitting a signal operative to resolve one or more payouts of the first market, the signal indicative of the outcome of the first performance parameter.