Patent ID: 9367996
Filing Date: 2016-06-14
CPC Classification: G07F

Claim Text:
1. A method comprising: establishing, by a computer system, a first betting contest associated with a plurality of contest participants and a first plurality of sports players scheduled to play in a first set of real-world sports matches over a first time period, each contest participant of the plurality of contest participants having associated points in a points account; receiving, by the computer system, from a first contest participant of the first betting contest, a first points wager amount from the associated points of the first contest participant, the first points wager amount corresponding to performance of at least a first selected set of sports players during the first time period, the first selected set of sports players selected from the first plurality of sports players by the first contest participant; receiving, by the computer system, from a second contest participant of the first betting contest, a second points wager amount from the associated points of the second contest participant, the second points wager amount corresponding to performance of at least a second selected set of sports players during the first time period, the second points wager amount being greater than the first points wager amount, the second selected set of sports players selected from the first plurality of sports players by the second contest participant and the second selected set of sports players being different than the first selected set of sports players; forming, by the computer system, for the first betting contest, a first points wager pot comprising a first plurality of points wager amounts received from the plurality of contest participants, the first plurality of points wager amounts including at least the first points wager amount and the second points wager amount; receiving, by the computer system, at or after expiration of the first time period, a first plurality of performance metrics relating to performance of the first plurality of sports players during the first time period; identifying, by the computer system, from the plurality of contest participants, a first set of contest participant winners for the first betting contest based on the first plurality of performance metrics, the first set of contest participant winners including a first place winner; and updating, by the computer system, when the first contest participant is the first place winner, the associated points of the first contest participant to include at least a portion of the second points wager amount that is no greater than the first points wager amount.