Wagering Method and System

Abstract

A wagering game for at least one player comprising the steps of: choosing at least one wagering criteria generator having publicly-viewed current and historic wagering criteria data, and choosing a wagering period; using current data and identifying an initial time and a respective data value for the wagering period; using the historic data to specify a plurality of wagering ranges about the initial data value and to calculate respective odds for the wagering ranges; configuring a player interface to allow at least one player to place at least one wager against the plurality of wagering ranges and the respective odds; and evaluating the at least one wager during the wagering period.

1 . A wagering game for at least one player comprising the steps of:
 (a) choosing at least one wagering criteria generator having publicly-viewed current and historic wagering criteria data, and choosing a wagering period;   (b) using current data and identifying an initial time and a respective data value for the wagering period;   (c) using the historic data to specify a plurality of wagering ranges about the initial data value and to calculate respective odds for the wagering ranges;   (d) configuring a player interface to allow at least one player to place at least one wager against the plurality of wagering ranges and the respective odds; and   (e) evaluating the at least one wager during the wagering period.   
   
   
       2 . The wagering game of  claim 1 , wherein the current data of the at least one wagering criteria generator is updated at least once during the wagering period. 
   
   
       3 . The wagering game of  claim 2 , wherein the current data is updated substantially in real time. 
   
   
       4 . The wagering game of  claim 2 , wherein choosing the wagering period includes specifying the length of the wagering period and the starting time of the game. 
   
   
       5 . The wagering game of  claim 4 , wherein the length of the wagering period ranges from substantially one minute to substantially one year. 
   
   
       6 . The wagering game of  claim 1 , wherein the player interface displays at least one chosen from the list including: a player balance of funds; at least one odds for a respective wager; a summary of odds of all wagers; and an elapsed time since the start of the game. 
   
   
       7 . The wagering game of  claim 1 , wherein evaluating the at least one wager during the wagering period includes evaluating the at least one wager at the end of the wagering period. 
   
   
       8 . The wagering game of  claim 7 , wherein evaluating the at least one wager includes at least one chosen from the list including: performing a win and loss calculation; displaying the win and loss calculation on the player interface; and adjusting a player funds balance. 
   
   
       9 . The wagering game of  claim 8 , wherein calculating win or loss includes the steps of: evaluating whether a last value for at least one wager is within the respective wagering range; determining that a minimum number of respective last values for respective wagers are within respective wagering; and displaying win and loss indications based upon the evaluation and the determination. 
   
   
       10 . The wagering game of  claim 1 , wherein the game is played using at least one of list including: internet, PC, LAN, cellular telephone networks; WAP; and SMS. 
   
   
       11 . A system for playing a wagering game, the system comprising:
 a wager criteria generator selection module, adapted to choose at least one wagering criteria generator having publicly-viewed current and historic wagering criteria data, and adapted to choose a wagering period;   an initialization module, adapted to use current data and identify an initial time and a respective data value for the wagering period;   a range module, adapted to be used the historic data to specify a plurality of wagering ranges about the initial data value and to calculate respective odds for the wagering ranges;   a wager specification module, having a player interface adapted to allow at least one player to place at least one wager against the plurality of wagering ranges and the respective odds; and   an evaluation module, adapted to evaluate the at least one wager during the wagering period.   
   
   
       12 . The system of  claim 11 , wherein the current data of the at least one wagering criteria generator is updateable at least once during the wagering period. 
   
   
       13 . The system of  claim 12 , wherein the current data is updatedable substantially in real time. 
   
   
       14 . The system of  claim 12 , wherein the wager criteria generator selection module is further adapted to specify the length of the wagering period and the starting time of the game. 
   
   
       15 . The system of  claim 14 , wherein the length of the wagering period ranges from substantially one minute to substantially one year. 
   
   
       16 . The system of  claim 11 , wherein the player interface is adapted to display at least one chosen from the list including: a player balance of funds; at least one odds for a respective wager; a summary of odds of all wagers; and an elapsed time since the start of the game. 
   
   
       17 . The system of  claim 11 , wherein the evaluation module is further adapted to evaluate the at least one wager at the end of the wagering period. 
   
   
       18 . The system of  claim 17 , wherein the evaluation module is further adapted to evaluate the at least one wager, and is adapted to perform at least one chosen from the list including: performing a win and loss calculation; displaying the win and loss calculation on the player interface; and adjusting a player funds balance. 
   
   
       19 . The system of  claim 18 , wherein the evaluation module is further adapted to perform the steps chosen from the list including: evaluating whether a last value for at least one wager is within the respective wagering range; determining that a minimum number of respective last values for respective wagers are within respective wagering; and displaying win and loss indications based upon the evaluation and the determination.