Patent ID: 7363267
Filing Date: 2008-04-22
Classification: G06Q

Abstract:
1. A system for allowing a user to bid on an option to purchase a ticket to a playoff game for which a plurality of participants could qualify to participate but have not yet been selected to qualify for said playoff game, comprising: a database having stored therein an option or futures record having a team field representative of one of said plurality of participants being a candidate for participation in the playoff game, an event field representative of the playoff game, and a value field representative of a value of a minimum winning bid to purchase an option or future for a ticket for the playoff game on occurrence of a specified participant qualifying to participate in the contingent game; a server, in connection with said database, and for processing a bid representative of a request to purchase the option or future, and for processing said bid and said option or futures record to adjust the minimum winning bid value and to allocate an option or futures contract to the winning bid; and an order processing module to trigger the exerciseability of a subset of options or futures contracts associated with one of said specified participants in response to said one specified participant qualifying to participate in the contingent game.