System and Method for Monitoring a Bet

Abstract

A method of monitoring one or more bets includes: (a) receiving an alert comprising at least one wager on at least one sporting event; (b) receiving real-time updates comprising data representative of the at least one sporting event; (c) transforming the data representative of the at least one sporting event into a real-time probability of success of the at least one wager; and (d) transmitting the real-time probability of success to be displayed at a computing device. Other embodiments are also disclosed herein.

1 . A method for executing one or more computer programs using one or more processors to monitor wagers, the method comprising:
 receiving an alert comprising at least one wager on at least one sporting event;   receiving real-time updates comprising data representative of the at least one sporting event;   transforming the data representative of the at least one sporting event into a real-time probability of success of the at least one wager; and   transmitting the real-time probability of success to be displayed at a computing device.   
     
     
         2 . The method of  claim 1 , wherein:
 transmitting the real-time probability of success further comprises transmitting a status of the alert, wherein the status comprises the data representative of the at least one sporting event.   
     
     
         3 . The method of  claim 1 , wherein:
 transforming the data representative of the at least one sporting event into a real-time probability of success of the at least one wager comprises including data representative only of the at least one sporting event after the at least one sporting event has started.   
     
     
         4 . The method of  claim 1 , wherein:
 receiving the alert further comprises:
 receiving a type of wager of the at least one wager; 
 receiving an identification of the at least one sporting event; and 
 receiving an identification of at least one date. 
   
     
     
         5 . The method of  claim 1 , wherein:
 receiving the alert further comprises:
 receiving data related to the at least one sporting event 
   
     
     
         6 . The method of  claim 5 , wherein:
 the data related to the at least one sporting event comprises:
 the betting line of the at least one sporting event. 
   
     
     
         7 . The method of  claim 1 , further comprising:
 receiving an alteration to the alert, comprising at least one of:
 receiving updates to a betting line of the at least one sporting event; 
 receiving an additional sporting event to add to the at least one wager; or 
 receiving a deletion of one of the at least one wager. 
   
     
     
         8 . The method of  claim 1 , wherein:
 transmitting the real-time probability of success further comprises transmitting the real-time probability of success to a mobile device; and   the computing device comprises the mobile device.   
     
     
         9 . The method of  claim 1 , wherein:
 transmitting the real-time probability of success further comprises transmitting the real-time probability of success to a computer; and   the computing device comprises the computer.   
     
     
         10 . The method of  claim 9 , wherein:
 transmitting the real-time probability of success further comprises transmitting the real-time probability of success to the computer via a website.   
     
     
         11 . The method of  claim 1 , wherein:
 transforming the data representative of the at least one sporting event into a real-time probability of success of the at least one wager comprises weighting more than one time period or at least one event that occurs during the at least one sporting event.   
     
     
         12 . The method of  claim 11 , wherein:
 the weighting more than one time period or at least one event that occurs during the at least one sporting event comprises data mining historical data to determine the weighting more than one time period or at least one event that occurs during the at least one sporting event.   
     
     
         13 . The method of  claim 1 , wherein:
 transforming the data representative of the at least one sporting event into a real-time probability of success of the at least one wager comprises determining historical results of similar sporting events.   
     
     
         14 . A computer-implemented method of monitoring wagers, the method comprising:
 receiving at least one wager comprising at least one bet on at least one sporting event;   receiving first real-time data representative of the at least one sporting event;   determining a real-time probability of success for the at least one bet on the at least one sporting event by transforming the first real-time data into the real-time probability of success;   transmitting the at least one wager and the real-time probability of success for the at least one bet on the at least one sporting event to a computing device;   receiving second real-time data representative of the at least one sporting event;   updating the real-time probability of success after receiving the second real-time data; and   transmitting the updated real-time probability of success to the computing device.   
     
     
         15 . The method of  claim 14 , wherein:
 updating the real-time probability of success is determined using data created only after the at least one sporting event has started.   
     
     
         16 . The method of  claim 14 , wherein:
 receiving the first real-time data representative of the at least one sporting event comprises receiving at least one of:   a score of the at least one sporting event;   statistics of the at least one sporting event; or   injuries to participants in the at least one sporting event.   
     
     
         17 . The method of  claim 14 , further comprising:
 receiving a sports line for future sporting events.   
     
     
         18 . The method of  claim 14 , wherein:
 transmitting the at least one wager and the real-time probability of success comprises transmitting the at least one wager and the real-time probability of success to a mobile device; and   the computing device comprises the mobile device.   
     
     
         19 . The method of  claim 14 , wherein:
 transmitting the at least one wager and the real-time probability of success further comprises transmitting a real-time status of the at least one sporting event.   
     
     
         20 . The method of  claim 14 , wherein:
 transmitting the updated real-time probability of success further comprises transmitting an updated real-time status of the at least one sporting event.   
     
     
         21 . The method of  claim 14 , wherein:
 transmitting the at least one wager and the real-time probability of success comprises transmitting the at least one wager and the real-time probability of success to a computer; and   the computing device comprises the computer.   
     
     
         22 . The method of  claim 14 , further comprising:
 receiving real-time data representative of at least one additional sporting event in which there is no wager by a user; and   transmitting the real-time data representative of the at least one additional sporting event in which there is no wager to the user via the computing device.   
     
     
         23 . The method of  claim 14 , further comprising:
 receiving real-time data representative of a fantasy betting game, wherein the fantasy betting game comprises a plurality of participants competing against each other by creating fictional wagers.   
     
     
         24 . A system for monitoring wagers, comprising:
 a middleware; and   a backend;   wherein:
 the backend comprises real-time data; 
 the middleware is configured to receive the real-time data from the backend, applying the real-time data to at least one alert; arranging the real-time data; and sending the arranged real-time data to a front end; 
 the real-time data comprises data representative of one or more sporting events; and 
 the at least one alert comprises at least one wager on one of the one or more sporting events. 
   
     
     
         25 . The system of  claim 24 , further comprising:
 at least one database to store the real-time data.   
     
     
         26 . The system of  claim 24  wherein:
 at least a portion of the real-time data comprises real-time data received from a real-time sports feed. 
 
     
     
         27 . The system of  claim 24 , wherein:
 the at least one alert further comprises a prediction of a probability of winning the at least one wager.