System and Method for Fantasy Sports Gambling

Abstract

A method and system provides an interactive gaming system for a plurality of users connected via a communication network. At least one community is created for the interactive gaming system including rules defining parameters for the gaming system, the community including a plurality of players. An initial bankroll is allocated to each of the plurality of players and each of the plurality of players is enabled to wager at least a portion of their allocated bankroll in accordance with the rules. Information is provided to a requesting one of the plurality of players for assisting the requesting player in making a wager and each of the plurality of players is ranked based on success in wagering by each of the plurality of players.

1 . A method for providing an interactive gaming system for a plurality of users connected via a communication network comprising the activities of:
 creating at least one community for the interactive gaming system including rules defining parameters for the gaming system, the community including a plurality of players;   allocating an initial bankroll to each of the plurality of players;   enabling each of the plurality of players to wager at least a portion of their allocated bankroll in accordance with the rules;   providing information to a requesting one of the plurality of players for assisting the requesting player in making a wager;   ranking each of the plurality of players based on success in wagering by each of the plurality of players.   
     
     
         2 . The method of  claim 1 , wherein said activity of creating comprises
 setting the rules, wherein the rules identify at least one type of contest able to be wagered on by the plurality of players;   at least one type of wager to be associated with the selected contest.   
     
     
         3 . The method of  claim 2 , wherein
 said at least one type of contest includes at least one of a sporting event and non-sporting event that includes competition between competitors in at least one task and having a definitive outcome.   
     
     
         4 . The method of  claim 2 , wherein the at least one type of wager includes
 selecting the outcome of the contest and selecting an outcome of an event within the contest.   
     
     
         5 . The method of  claim 2 , wherein the rules include an allotment of wager types including at least one of
 a max bet representing a maximum amount of the players bankroll able to be wagered on particular contest, and   a lock bet enabling a player to multiple an amount able to be won on a particular wager without risking an additional amount of the bankroll.   
     
     
         6 . The method of  claim 5 , further comprising the activity of
 providing additional wager types to a player upon receipt of payment from a requesting player, wherein the amount of payment necessary to purchase additional wager types is defined by the rules.   
     
     
         7 . The method of  claim 1 , wherein the information requested by players includes at least (a) projections made by other players within the community and between a plurality of communities, (b) results wagers made by other players within the community and between a plurality of communities, (c) trend data representing the success of a player over given time period, (d) lists of the most successful players over a defined periods and (e) data representing the success of a player based a the type of contest and type of wager. 
     
     
         8 . The method of  claim 7 , further comprising the activity of
 providing the requested information to a player upon receipt of payment from a requesting player, wherein the amount of payment necessary to purchase the information is defined by the rules.   
     
     
         9 . The method of  claim 7 , further comprising the activity of
 providing the requested information to a requesting player upon receipt of payment from the requesting player, wherein the amount of payment necessary to purchase the information is defined by the player providing information.   
     
     
         10 . The method of  claim 7 , wherein the information is provided by at least one of the system operator and another player upon receipt of payment from the requesting player by the system operator. 
     
     
         11 . A interactive gaming system comprising:
 a processor that
 creates at least one community in accordance with a set of rules defining parameters for the system, the at least one community being accessible by a plurality players, 
 allocates an initial bankroll to each of the plurality of players, 
 enables each of the plurality of players to wager at least a portion of their allocated bankroll in accordance with the rules, 
 provides information to requesting players of the plurality of players for assisting in making a wager, and 
 ranks each of the plurality of players based on success in wagering; 
   a repository storing data representing
 the rules for creating the at least one community, 
 wagers made by the plurality of players in each of the at least one community, 
 information for assisting players in making said wagers; 
   an image generator connected to said processor that generates display images in response to a control signal from said processor and enables the plurality of players to access said system; and   an interface connects said processor to the plurality of players through a communication network and provides said display images from said image generator to said plurality of players.   
     
     
         12 . The system of  claim 11 , wherein
 the rules identify at least one type of contest able to be wagered on by the plurality of players;   at least one type of wager to be associated with the selected contest.   
     
     
         13 . The system of  claim 12 , wherein
 the at least one type of contest includes at least one of a sporting event and non-sporting event that includes competition between competitors in at least one task and having a definitive outcome, and   the at least one type of wager includes an outcome of the contest and an outcome of an event within the contest.   
     
     
         14 . The system of  claim 11 , wherein
 said processor accesses an external source of data not stored in said repository through said interface.   
     
     
         15 . The system of  claim 12 , wherein
 the rules include an allotment of wager types including at least one of
 a max bet representing a maximum amount of the players bankroll 
   
       able to be wagered on particular contest and
   a lock bet enabling a player to multiple an amount able to be won on a particular wager without risking an additional amount of the bankroll.   
 
     
     
         16 . The system of  claim 15 , wherein said processor
 supports providing additional wager types to a player upon receipt of payment from a requesting player, wherein the amount of payment necessary to purchase additional wager types is defined by the rules.   
     
     
         17 . The system of  claim 11 , wherein the information requested by players is stored in said repository and includes at least (a) projections made by other players within the community and between a plurality of communities, (b) results wagers made by other players within the community and between a plurality of communities, (c) trend data representing the success of a player over given time period, (d) lists of the most successful players over a defined periods and (e) data representing the success of a player based a the type of contest and type of wager. 
     
     
         18 . The system of  claim 17 , wherein the processor
 provides the requested information from said repository to a player upon receipt of payment from a requesting player, wherein the amount of payment necessary to purchase the information is defined by the rules.   
     
     
         19 . The method of  claim 17 , wherein the processor
 provides the requested information from said repository to a requesting player upon receipt of payment from the requesting player, wherein the amount of payment necessary to purchase the information is defined by the player providing information.   
     
     
         20 . The system of  claim 17 , wherein the information is provided automatically by the processor and another player upon receipt of payment from the requesting player by the system operator.