System And Method For Odds-Based Sports Wagering

Abstract

The present invention can provide a system and method for sports wagering and entertainment. In one exemplary embodiment, the present invention can include a method for odds-based sports wagering, the method comprising: receiving, from a bettor, a selection of players; providing, to the bettor, points and odds associated with the selection of players; receiving, from the bettor, an at least one bet type and an at least one bet amount based on the points and odds associated with the selection of players; and returning, to the bettor, a result for the at least one bet type and the at least one bet amount.

1 . A method for odds-based sports wagering, the method comprising:
 receiving, from a bettor, a selection of players;   providing, to the bettor, points and odds associated with the selection of players;   receiving, from the bettor, an at least one bet type and an at least one bet amount based on the points and odds associated with the selection of players; and   returning, to the bettor, a result for the at least one bet type and the at least one bet amount.   
     
     
         2 . The method of  claim 1 , further comprising:
 providing, to the bettor, a list of available players.   
     
     
         3 . The method of  claim 2 , further comprising:
 providing, to the bettor, points and odds associated with the list of available players.   
     
     
         4 . The method of  claim 1 , further comprising:
 providing, to a bettor, a list of events;   receiving, from the bettor, an event selection;   providing, to the bettor, a list of available players associated with the event selection.   
     
     
         5 . The method of  claim 4 , further comprising:
 providing, to the bettor, points and odds associated with the list of available players.   
     
     
         7 . The method of  claim 1 , wherein the odds are in the form of a projected point total of the selected lineup. 
     
     
         8 . The method of  claim 1 , wherein the at least one bet amount is a monetary bet amount. 
     
     
         9 . The method of  claim 1 , wherein the at least one bet type contains a bet that the selected lineup will receive more than a number of points. 
     
     
         10 . The method of  claim 1 , wherein the result is a monetary payout. 
     
     
         11 . The method of  claim 1 , further comprising:
 calculating odds for the selection of players based on points and odds associated with each player from the selection of players.   
     
     
         12 . The method of  claim 11 , wherein calculating odds involves averaging the odds associated with each player from the selection of players. 
     
     
         13 . The method of  claim 1 , further comprising:
 determining a result for the at least one bet type and the at least one bet amount.   
     
     
         14 . The method of  claim 13 , wherein determining a result involves comparing a point total for the selection of players with a number of points and, if the point total for the selection of players is higher, calculating a payout amount based on the at least one bet amount and the odds associated with the selection of players, or, if the point total for the selection of players is lower, determining the result is a loss.