Patent ID: 8876593

Claim:
A method for progressive betting pools, the method comprising: storing information in memory regarding a plurality of competition-based events, wherein each competition-based event has a plurality of possible outcomes; receiving wagers sent over a communication network from a plurality of client devices, each wager specifying a set of outcomes for a set of competition-based events and a tie-breaking metric associated with the set of competition-based events; receiving information sent over a communication network regarding outcomes of the set of competition-based events; executing instructions stored in memory, wherein execution of the instructions by a processor: determines one or more winners based on the received outcomes and one or more algorithms for ranking the wagers, wherein the algorithms consider the tie-breaking metric when at least two wagers are tied based on outcomes, and calculates payouts in accordance with the determined winners and ranked wagers; and sending a notification to each of the winners regarding the outcomes and calculated payouts.