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 13):
The system of  claim 12 , 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 sort the winning bets for the possible outcome in accordance with a predetermined algorithm, wherein the first of the sorted winning bets is the first bet to be processed in the bet analysis procedure, wherein, in the bet analysis procedure, the sorted winning bets are processed sequentially, starting with the first of the sorted winning bets, to determine if the winning bet is accepted or rejected (e.g., moved to the rejected list of bets).

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): 0.380681262724977
- 35 USC 102 Novelty (BERT): 0.4828244218848284
- Combined Prediction Score: 0.3908955786409621
- Mean Citation Score: 266.883122
- Max Citation Score: 272.17694
- Similarity Product: 217.90464516237017

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