Patent ID: 8204808

Claim:
A method comprising: starting a first of a plurality of equally timed intraday betting sessions; communicating wagering information to at least one user, the wagering information comprising at least one betting value corresponding to a value of a reference variable associated with an object; receiving at a computing device from the at least one user a bet request on the at least one betting value achieving a level at an end of the first betting session that is above or below the value of the reference variable at a first time in the first betting session; starting a second of the plurality of intraday betting sessions immediately after expiration of the first betting session; communicating wagering information to at least one user, the wagering information comprising at least one betting value corresponding to a value of a reference variable associated with the object; and receiving at the computing device from the at least one user a bet request on the at least one betting value achieving a level at an end of the second betting session that is above or below the value of the reference variable at a first time in the second betting session, wherein all bets on the at least one betting value placed within each of the plurality of intraday betting sessions expire at an end of the particular betting session that the bets were placed.