PATENT CLAIM ANALYSIS

Application Number: 15742873
Application Type: Utility
Filing Date: 2018-01
Publication Date: 2018-07
Patent Classification: ["463", "025000"]

Abstract:
Systems and methods are provided for managing subjective probability bets, the method comprising: receiving a set of bets; calculating one or more possible outcomes of a competition; for each possible outcome, determining whether each of the bets would be a winning bet or a losing bet; performing an iterative bet analysis procedure comprising: calculating a payable amount, calculating a payout amount, and determining whether the sum of the payable amount and a system threshold (indicating a maximum amount allowed to be paid out beyond the payable amount for the possible outcome) is greater than or equal to the payout amount; if it is determined that said sum is greater than or equal to the payout amount, assigning the outcome a pass value, and if it is determined that said sum is not greater than or equal to the payout amount, assigning the outcome a fail value.

Claim (Index 12):
A system for managing subjective probability bets, comprising:\n at least one memory; and a processor coupled to the at least one memory, the processor being operable to:\n receive (e.g., from a bettor computing device, from an operator computing device) a first set of bets including one or more bets associated with a competition, each of the bets in the first set of bets including at least a winner (e.g., pick, desired side of bet), a payout rate, and a bet amount; \n calculate one or more possible outcomes of the competition; \n for each of the possible outcomes of the competition, determine whether each of the bets in the first set of bets would be a winning bet or a losing bet; \n remove duplicate outcomes from the possible outcomes to arrive at a set of remaining possible outcomes; \n for each of the remaining possible outcomes, perform a first iteration of a bet analysis procedure using the bets in the first set of bets, the bet analysis procedure comprising:\n calculating a payable amount, the payable amount indicating incoming money from losing bets; \n calculating a payout amount, the payout amount indicating outgoing money from winning bets; \n determining whether the sum of the payable amount and a system threshold is greater than or equal to the payout amount, the system threshold indicating a maximum amount allowed to be paid out beyond the payable amount for the possible outcome; \n in the event that it is determined that the sum of the payable amount and the system threshold is greater than or equal to the payout amount, assigning the outcome a pass value (e.g., no need to reiterate flag), indicating that the bets in the first set of bets are acceptable for the possible outcome; and \n in the event that it is determined that the sum of the payable amount and the system threshold is not greater than or equal to (e.g., less than) the payout amount:\n (i) assigning the outcome a fail value (e.g., need to reiterate flag), indicating that the bets in the first set of bets are not acceptable for the possible outcome (e.g., rejected bets); and \n (ii) appending at least a portion of one or more of the bets (e.g., rejected bets) in the first set of bets to a rejected list of bets, wherein the rejected list maintains the order previously determined by the predetermined algorithm.

Metadata:
- Claim Count in Document: 1.0
- Percentile: 86.0
- Lexical Diversity: 2.28169
- Patent Class: 463.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: False
- Related Applications: ['14142143', '13276569', '10717384', '09767418', '12660400']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.3537408663065083
- 35 USC 102 Novelty (BERT): 0.4768641183124218
- Combined Prediction Score: 0.3660531915070996
- Mean Citation Score: 266.883122
- Max Citation Score: 272.17694
- Similarity Product: 230.803852288208

Labels:
- Claim Label 101: 1
- Claim Label 102: 1
- Claim Label 103: 1
- Claim Label 112: 1
- Combined Label: 1
- Label 101 Adjusted: 0

Dataset: test