Patent ID: 8562422
Filing Date: 2013-10-22
Classification: A63F,G06Q,G07F

Abstract:
1. A method comprising: receiving by at least one processor a first plurality of bets from a computer in communication with the at least one processor over a network, in which the first plurality of bets are defined at least in part by a first time period and a weather-related event, and in which each of the first plurality of bets is further defined at least in part by: displaying at a display device communicatively coupled to the at least one processor data that represents the first plurality of bets; pooling at least a portion of the amounts wagered for each of the first plurality of bets into a first plurality of pools, the first plurality of pools comprising at least two pools corresponding to at least two different geographic regions; determining by the at least one processor an outcome of a weather-related event, in which the act of determining the outcome comprises determining that the weather-related event occurred in at least one specific one of the geographic areas; determining by the at least one processor at least one winner based on the bets and the outcome, the at least one winner having placed at least one winning bet defined at least in part by the at least one specific one of the geographic areas; determining by the at least one processor at least one payout for the at least one winner; and paying the at least one payout from at least one of the first plurality of pools to the at least one winner.