Patent ID: 8690657

Claim:
A method for conducting a game, the method comprising: storing information in memory regarding a plurality of competition-based events, wherein each competition-based event is associated with a time window, a payout structure, and a plurality of elements; assigning each competitor of a plurality of competitors in a selected competition-based event a number, wherein the assigned number corresponds to an individual ranking designated by an administrator; dividing the plurality of competitors into a plurality of groups, wherein a composition of each group is designated by the administrator; receiving a plurality of game entries for the selected competition-based event, wherein each game entry is associated with a wager and a group and includes a guess for each of the plurality of elements associated with the selected competition-based event and for an order for the competitors in the group associated with the game entry, the game entries sent over a communication network; receiving information regarding an outcome of the selected competition-based event, the outcome including information regarding each of the plurality of elements; executing instructions stored in memory, wherein execution of the instructions by a processor: identifies one or more winning entries for each of the plurality of groups, wherein identification includes: filtering out the game entries that were received for the selected competition-based event outside of the associated time window, identifying one or more of the remaining game entries that included the most matches between the guess for each element, the order, and the outcome of each element and order, identifying one or more winning entries according to the payout structure, and calculates a payout for each of the one or more winning entries for each group, each payout calculated based on a total of wagers received in the group and the wager associated with the winning entry; and sending a notification to a user associated with each of the one or more winning entries, the notification including the associated calculated payout.