Patent ID: 8360842

Claim:
A method of playing a betting game on electronic units through a computer network between a plurality of players, wherein said betting game is based on a live event comprising one or more betting events, each electronic unit comprising a screen, an interface, a processor and a non-transitory computer readable medium encoded with instructions and executed by the processor to perform the steps of: a. providing a deck of cards, wherein said cards are electronic units maintained on a computer processor and each card has a value determined by actions occurring during the one or more betting events; b. providing a player hand to each player by distributing a plurality of cards from said deck to each player through the computer network before or during a first betting event, wherein the value of the distributed cards is able to change during the course of the first betting event, and wherein each player hand has a value determined by combining the values of each card in said hand; c. monitoring said live event until a termination event occurs with regard to the first betting event; d. providing multiple asynchronous betting rounds during the first betting event until the termination event occurs, wherein during the betting rounds the plurality of players are allowed to place bets through the computer network on the value of the cards distributed to the players, wherein each of the multiple asynchronous betting rounds can be initiated at any time by any remaining player placing an initial bet and wherein any players who do not at least match said initial bet are disqualified; e. upon termination of the first betting event: 1) determining a final value of the distributed cards for the terminated betting event, 2) determining a final value of each player hand by combining the final values of each card within the hand, and 3) paying winners of bets placed during said betting rounds for remaining players based on the final value of each remaining player hand.