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 14):
The system of  claim 13 , wherein the processor is further operable to:\n determine whether any of the possible outcomes include a fail value (e.g., need to reiterate flag); and in the event that it is determined that at least one of the possible outcomes includes a fail value (e.g., need to reiterate flag):\n perform, for each of the remaining possible outcomes, one or more additional iterations of the bet analysis procedure, \n wherein each of the one or more additional iterations of the bet analysis procedure is performed using the first set of bets and excluding the at least a portion of the one or more of the bets in the rejected list.

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): 0.3800615490782622
- 35 USC 102 Novelty (BERT): 0.4861453849518717
- Combined Prediction Score: 0.3906699326656231
- Mean Citation Score: 266.883122
- Max Citation Score: 272.17694
- Similarity Product: 206.22777693478824

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