The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Dec. 14, 2021
Filed:
Apr. 12, 2021
CG Technology Development, Llc, Las Vegas, NV (US);
Lee Amaitis, Las Vegas, NV (US);
Andrew Garrood, New York, NY (US);
Mike Colbert, Las Vegas, NV (US);
Heather Parks, Las Vegas, NV (US);
Anthony Storm, Hertfordshire, GB;
Foster Barton, London, GB;
Thomas D. Bradshaw, New York, NY (US);
CG TECHNOLOGY DEVELOPMENT, LLC, Las Vegas, NV (US);
Abstract
Methods and systems are provided for managing a wagering system. In one exemplary embodiment, state information of a live event such as a sports game may be received in real time. During the event, a plurality of possible future states of the event and their associated probabilities (and odds) may be determined based on the state information, historical information, and current in-game information. A betting market is created for betting on the possible future states at determined odds. The betting market is closed, and winning and losing bets are resolved based on updated state information.