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 16):
The system of  claim 15 ,\n wherein bets in the first set of bets, originated from corresponding bettor computing devices, are received, via a network, from one or more operator computing devices (e.g., casino systems, bookie systems), and wherein the bets in the second set of bets are transmitted (e.g., distributed), via the network, to the one or more operator computing devices for further processing (e.g., analysis and/or consideration as to whether the operator computing devices will accept or reject the bets independently).

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): 0.3794835110143173
- 35 USC 102 Novelty (BERT): 0.4892461576113287
- Combined Prediction Score: 0.3904597756740184
- Mean Citation Score: 266.883122
- Max Citation Score: 272.17694
- Similarity Product: 195.32904537345053

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

Dataset: test