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 7):
The method of  claim 3 , wherein the predetermined algorithm is a heuristic algorithm for determining risk based on one or more of the payout ratio, bet amount and bet time of each of a bet.

Metadata:
- Claim Count in Document: 1.0
- Percentile: 86.0
- Lexical Diversity: 2.28169
- Patent Class: 463.0
- Transitional Phrase Type: none
- Component Type: 0
- Foreign Priority: False
- Related Applications: ['14142143', '13276569', '10717384', '09767418', '12660400']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.3798172197522768
- 35 USC 102 Novelty (BERT): 0.4874557856021841
- Combined Prediction Score: 0.3905810763372676
- Mean Citation Score: 266.883122
- Max Citation Score: 272.17694
- Similarity Product: 201.62151286320687

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