Site News  |   Monitor Keywords  |   Monitor Archive  |   Organizer  |   Account Info  |

System for facilitating participation in the outcome of competitive events

This invention relates broadly to systems that facilitate public participation in the outcome of competitive events, but would typically be implemented by facilitating online participation via a computer network such as the Internet. The invention is especially suitable for use in connection with tournament-style competitive events, particularly but not exclusively tournaments in which individuals are competitors, in fields as diverse as tennis and poker.

The invention will be described herein with particular reference to facilitating online participation in poker tournaments but it is emphasised that this is merely exemplary and that the invention has much wider application.

Worldwide interest by individuals in the outcomes of competitive tournaments has been greatly enhanced in recent decades by advances in international telecommunications that allow individuals across the globe to feel an intimate presence at the event, whether it be world cup football, grand slam tennis, motor car racing or poker. For many, the interest is enhanced by a variety of opportunities to gamble on the outcome of the tournaments, or on successive rounds of the tournaments. In particular, online gambling is a growth industry, fuelled in part by the difficulty that national regulatory authorities have in controlling, licensing and taxing gambling websites on servers beyond their jurisdiction.

In many instances, the sense of participation in tournaments at remote locations has been enhanced by innovative techniques in audiovisual broadcasting of the events. For example, in the case of poker tournaments, the techniques include flash animation, the display of players' hole cards and chip counts, and displays of players' hands on a delayed transmission basis. In sporting tournaments, innovations include devices that measure ball velocity and the placement of cameras and microphones in the midst of the fray.

It is an object of the invention to provide further opportunities for enhancing the sense of participation by outside viewers in competitive events, and to enhance the degree of their stake in the outcome of such events.

The present invention meets the aforementioned objects by issuing shares in each of the players or teams competing in an event and issuing dividends to the shareholders in the player or team who wins the event in proportion to the number of shares held.

The invention broadly provides, in one aspect, a system for facilitating participation in rewards arising from the outcome of a competitive event, comprising: creating a set of shares in each of a plurality of players or teams who are to compete in a competitive event; issuing shares from each set to one or more participants; and, after completion of the competitive event, issuing a dividend to each of the participants who at a defined point in time hold shares in the player or team who has won the competitive event, which dividend is in proportion to the number of shares in the player or team held by the respective participants.

The system may further include, before creating the sets of shares, contracting the plurality of players or teams to compete in the competitive event.

The system may further include overseeing or managing conduct of the competitive event.

The invention further includes, in a second aspect, a system for participating in rewards arising from the outcome of a competitive event, comprising:

Continue reading...
Full patent description for System for facilitating participation in the outcome of competitive events

Brief Patent Description - Full Patent Description - Patent Application Claims
Click on the above for other options relating to this System for facilitating participation in the outcome of competitive events patent application.

Patent Applications in related categories:

20080272541 - Method and apparatus for providing a bonus to a player - A method, system, device and computer readable medium are described, in which a wagering game and a secondary game may be provided at a gaming device, wherein the secondary game comprises detecting an occurrence of a trigger; determining, responsive to the trigger, a player number based on a first criterion; ...


###


How KEYWORD MONITOR works... a FREE service from FreshPatents
1. Sign up (takes 30 seconds). 2. Fill in the keywords to be monitored.
3. Each week you receive an email with patent applications related to your keywords.  
Start now! - Receive info on patent apps like System for facilitating participation in the outcome of competitive events or other areas of interest.
###


Previous Patent Application:
Sheet stacking apparatus and image forming apparatus
Next Patent Application:
Puzzle connector and method of connecting a puzzle
Industry Class:
Amusement devices: games

###