Patent ID: 8444479
Filing Date: 2013-05-21
Classification: G06Q,G07F

Abstract:
1. A method comprising the steps of: in a computer for managing bets on participants of an event with a plurality of participants, receiving an all-but-n group bet from a bettor, the all-but-n group bet defining a designated-for-exclusion subset of the set of participants, the designated-for-exclusion subset comprising a plurality of n of the participants designated by the bettor, the value of n being 1, 2 or 3, the computer being programmed to manage the all-but-n group bet to pay a payout amount to the bettor if any one of the participants, except the n of the participants of the designated-for-exclusion subset of participants, win the event, such that a group bet payout is uniform for a win by any of the non-designated participants; at the computer, at the completion of the event, receiving results of the event identifying the winning participant of the event; and determining an amount of a group bet payout for the all-but-n group bet, the determination made by the computer system and being greater than zero if and only if the winning participant is not one of the n designated participants.