Patent ID: 7942735

Claim:
A method of conducting a competitive wagering activity, comprising: providing a plurality of events upon which a plurality of bettors may each place at least one wager over a wagering system; enabling each bettor of the plurality of bettors to engage in at least one live pool wagering activity in relation to at least one of the plurality of events with an input device coupled to the wagering system; enabling each bettor of the plurality of bettors to engage in a competitive wagering activity in relation to at least one of the plurality of events with the input device coupled to the wagering system, an amount of the competitive wagering activity for each bettor of the plurality being proportional to an amount of each bettor's at least one live pool wagering activity, wherein the at least one live pool wagering activity is in parallel with and through the wagering system for the competitive wagering activity, and wherein an accounting for wagers and outcomes of the live pool wagering activity is separate from an accounting for wagers and outcomes of the competitive wagering activity; and evaluating cumulative competitive wagering activity engaged in the competitive wagering activity of each of the plurality of bettors for all of the plurality of events.