Patent ID: 8545311

Claim:
A method for micro-betting, comprising: providing a micro-betting system including at least one secure server enabling access by authenticated remote computing devices via a data network; authenticating a remote computing device via said at least one secure server for access to data from said at least one secure server including information associated with potential future, real life, live macro-events, said data including multiple betting options associated with said potential future, real life, live macro-events; identifying from said information at least one potential micro-outcome within said at least one potential future real life, live macro-event, said at least one potential micro-outcome comprising a potential real life, live micro-outcome from which betting options can be developed for use in monetary wagering from remote computing devices; generating multiple betting options including parimutuel betting options needed to make a betting decision with respect to said at least one potential micro-outcome within or as part of said at least one potential future real life, live macro-event, said multiple betting options displayable on a display screen associated with said remote computing device; providing information about said at least one potential future real life, live macro-event, including said betting options needed to make a betting decision, to said remote computing device for display with real-time video of a live event via said display screen associated with said remote computing device; and receiving from said remote computing device at least one micro-bet from among said multiple betting options provided to said remote computing device with respect to said at least one potential micro-outcome, wherein said at least one micro-bet comprises a real monetary bet transmitted from said remote computing device for placement at said at least one secure server while in communication with said at least one secure server over said data network.