System and method for betting on a subset of participants in an event ...

FIG. 3A

100>^ AFTER-COMMISSION (AC) GROUP BET POOL = (BEFORE-COMMISSIOIM (BC) GROUP BET POOL)

* (1-TAKE-OUT PERCENT)

102 ^ AC WIN BET STAKE ON EACH PARTICIPANT = (BC WIN BET STAKE ON THAT PARTICIPANT)

* (1-TAKE-OUT PERCENT)

1 04 \^ TOTAL AC WIN BET STAKE ON ALL PARTICIPANTS = SUM OF THE AC WIN BET STAKE ON EACH PARTICIPANT

1 06 ^ AC GROUP PARTICIPANT WIN BET POOL = SUM OF AC WIN BET STAKE ON EACH GROUPED PARTICIPANT

1 08 X TOTAL AC POOL ON ALL PARTICIPANTS = (TOTAL AC WIN BET STAKE ON ALL PARTICIPANTS { BASED ON EQUATION 104}) + (AC GROUP BET POOL {BASED ON EQUATION 100})

-1 -I n AC PORTION OF GROUP BET POOL ALLOCATED TO EACH GROUPED PARTICIPANT = (AC WIN BET X STAKE ON THAT GROUPED PARTICIPANT {BASED ON EQUATION 102}) I (AC GROUP-PARTICIPANT WIN BET POOL {BASED ON EQUATION 106}) * (AC GROUP BET POOL {BASED ON EQUATION 100})

TOTAL AC STAKE ON EACH PARTICIPANT = (AC WIN BET STAKE ON THAT PARTICIPANT {BASED ON 111X EQUATION 102}) + (AC PORTION OF GROUP BET POOL ALLOCATED TO THAT PARTICIPANT {BASED ON EQUATION 110}) "NOTE: PORTION OF GROUP BET POOL ALLOCATED TO ANY NON-GROUPED PARTICIPANT = 0

TOTAL AC GROUP BET PAYOUT FOR EACH PARTICIPANT = [(TOTAL AC STAKE ON ALL 11 4A PARTICIPANTS EXCEPT FOR THAT PARTICIPANT {BASED ON EQUATION 112}) * (AC PORTION OF GROUP BET POOL ALLOCATED TO THAT PARTICIPANT {BASED ON EQUATION 110}) I (TOTAL AC STAKE ON THAT PARTICIPANT {BASED ON EQUATION 112})] + (AC PORTION OF GROUP BET POOL ALLOCATED TO THAT PARTICIPANT {BASED ON EQUATION 110})

TOTAL AC GROUP BET PAYOUT FOR EACH PARTICIPANT = (TOTAL AC POOL ON ALL PARTICIPANTS 11 4EK {BASED ON EQUATION 108}) * (AC PORTION OF GROUP BET POOL ALLOCATED TO THAT

V PARTICIPANT {BASED ON EQUATION 110}) I (TOTAL AC STAKE ON THAT PARTICIPANT {BASED ON
EQUATION 112})

TOTAL AC GROUP BET PROFIT FOR EACH PARTICIPANT = (TOTAL AC GROUP BET PAYOUT FOR THAT

I -jgX PARTICIPANT {BASED ON EQUATION 114A OR 114B}) - (BC GROUP BET POOL)

AC PAYOUT PER GROUP BET UNIT CURRENCY FOR EACH PARTICIPANT = (TOTAL AC GROUP BET

II Zk^ PAY0UT F0R THAT PARTICIPANT {BASED ON EQUATION 114A OR114B})/ (BC GROUP BET POOL)

AC PAYOUT PER GROUP BET UNIT CURRENCY FOR EACH PARTICIPANT = (TOTAL AC POOL ON ALL PARTICIPANTS {BASED ON EQUATION 108}) I (TOTAL AC STAKE ON THAT PARTICIPANT {BASED ON /■EQUATION 112}) ' (AC PORTION OF GROUP BET POOL ALLOCATED TO THAT PARTICIPANT {BASED 11 Ob ON EQUATION 110})/ (AC GROUP BET POOL)

TOTAL AC WIN BET PAYOUT FOR EACH PARTICIPANT = [(TOTAL AC STAKE ON ALL PARTICIPANTS EXCEPT FOR THAT PARTICIPANT {BASED ON EQUATION 112}) * (AC WIN BET STAKE ON THAT 1 20A-/'PARTICIPANT iBASED 0N THE EQUATION 102})] / (TOTAL AC STAKE ON THAT PARTICIPANT {BASED ON EQUATION 112})] + (AC WIN BET STAKE ON THAT PARTICIPANT {BASED ON EQUATION 102})

TOTAL AC WIN BET PAYOUT FOR EACH PARTICIPANT = (TOTAL AC POOL ON ALL PARTICIPANTS ^{BASED ON EQUATION 108}) * (AC WIN BET STAKE ON THAT PARTICIPANT {BASED ON EQUATION 1 20B y 102}) I (TOTAL AC STAKE ON THAT PARTICIPANT {BASED ON EQUATION 112})

TOTAL AC WIN BET PROFIT FOR EACH PARTICIPANT = (TOTAL AC WIN BET PAYOUT FOR THAT 1 22-/' PART|CIPANT {BASED ON EQUATION 120A OR 120B}) - (BC WIN BET STAKE ON THAT PARTICIPANT)

AC PAYOUT PER WIN BET UNIT CURRENCY FOR EACH PARTICIPANT = (TOTAL AC WIN BET PAYOUT /-FOR THAT PARTICIPANT {BASED ON EQUATION 120A OR 120B}) I (BC WIN BET STAKE ON THAT 124AV PARTICIPANT)

AC PAYOUT PER WIN BET UNIT CURRENCY FOR EACH PARTICIPANT = (TOTAL AC POOL ON ALL ^PARTICIPANTS {BASED ON EQUATION 108}) I (TOTAL BC STAKE ON THAT PARTICIPANT {BASED ON 1 24B y EQUATION 138 - SEE FIGURE 3B)

132

FIG. 3B

130 x. TOTAL BC WIN BET STAKE ON ALL PARTICIPANTS = SUM OF THE BC WIN BET STAKE ON EACH PARTICIPANT

BC GROUP-PARTICIPANT WIN BET POOL = SUM OF BC WIN BET STAKE ON EACH GROUPED
PARTICIPANT

1 34-x. TOTAL BC POOL ON ALL PARTICIPANTS = (TOTAL BC WIN BET STAKE ON ALL PARTICIPANTS {BASED ON EQUATION 130}) + (BC GROUP BET POOL)

-| 36-. BC PORTION OF GROUP BET POOL ALLOCATED TO EACH GROUPED PARTICIPANT = (BC X WIN BET STAKE ON THAT GROUPED PARTICIPANT) / (BC GROUP-PARTICIPANT WIN BET POOL {BASED ON EQUATION 132}) * (BC GROUP BET POOL)

TOTAL BC STAKE ON EACH PARTICIPANT = (BC WIN BET STAKE ON THAT PARTICIPANT) + 1 38X. (BC PORTION OF GROUP BET POOL ALLOCATED TO THAT PARTICIPANT {BASED ON EQUATION 136}) *NOTE: BC PORTION OF GROUP BET POOL ALLOCATED TO ANY NON-GROUPED PARTICIPANT = 0

TOTAL BC GROUP BET PAYOUT FOR EACH PARTICIPANT = [(TOTAL BC STAKE ON ALL PARTICIPANTS EXCEPT FOR THAT PARTICIPANT {BASED ON EQUATION 138}) * (BC PORTION 140A-X. OF GROUP BET POOL ALLOCATED TO THAT PARTICIPANT {BASED ON EQUATION 136}) I

(TOTAL BC STAKE ON THAT PARTICIPANT {BASED ON EQUATION 138})] + (BC PORTION OF
GROUP BET POOL ALLOCATED TO THAT PARTICIPANT {BASED ON EQUATION 136})

TOTAL BC GROUP BET PAYOUT FOR EACH PARTICIPANT = (TOTAL BC POOL ON ALL
140LK PARTICIPANTS {BASED ON EQUATION 134}) * (BC PORTION OF GROUP BET POOL ALLOCATED
TO THAT PARTICIPANT {BASED ON EQUATION 136}) I (TOTAL BC STAKE ON THAT
PARTICIPANT {BASED ON EQUATION 138})

1T0TAL BC GR0UP BET PR0FIT F0R EACH PARTICIPANT = (TOTAL BC GROUP BET PAYOUT FOR THAT PARTICIPANT {BASED ON EQUATION 140A OR 140B}) - (BC GROUP BET POOL)

BC PAYOUT PER GROUP BET UNIT CURRENCY FOR EACH PARTICIPANT = (TOTAL BC GROUP

_^-BET PAYOUT FOR THAT PARTICIPANT {BASED ON EQUATION 140A OR 140B}) I (BC GROUP 144A BET p00L)

BC PAYOUT PER GROUP BET UNIT CURRENCY FOR EACH PARTICIPANT = (TOTAL BC POOL ON ALL PARTICIPANTS {BASED ON EQUATION 134}) / (TOTAL BC STAKE ON THAT 144Fj-/'PARTICIPANT {BASED ON EQUATION 138}) * (BC PORTION OF GROUP BET POOL

ALLOCATED TO THAT PARTICIPANT {BASED ON EQUATION 136}) I (BC GROUP BET POOL)

TOTAL BC WIN BET PAYOUT FOR EACH PARTICIPANT = [(TOTAL BC STAKE ON ALL PARTICIPANTS EXCEPT FOR THAT PARTICIPANT {BASED ON EQUATION 138}) * (BC WIN BET 146A-/'STAKE ON THAT PARTICIPANT) / (TOTAL BC STAKE ON THAT PARTICIPANT {BASED ON EQUATION 138})] + (BC WIN BET STAKE ON THAT PARTICIPANT)

TOTAL BC WIN BET PAYOUT FOR EACH PARTICIPANT = (TOTAL BC POOL ON ALL ^/-PARTICIPANTS {BASED ON EQUATION 134}) * (BC WIN BET STAKE ON THAT PARTICIPANT) / 14bb (TOTAL BC STAKE ON THAT PARTICIPANT {BASED ON EQUATION 138})

TOTAL BC WIN BET PROFIT FOR EACH PARTICIPANT = (TOTAL BC WIN BET PAYOUT FOR THAT PARTICIPANT {BASED ON EQUATION 146A OR 146B}) - (BC WIN BET STAKE ON THAT 148-^ PARTICIPANT)

BC PAYOUT PER WIN BET UNIT CURRENCY FOR EACH PARTICIPANT = (TOTAL BC WIN BET _^PAYOUT FOR THAT PARTICIPANT {BASED ON EQUATION 146A OR 146B}) / (BC WIN BET 1 bUA STAKE ON THAT PARTICIPANT)

BC PAYOUT PER WIN BET UNIT CURRENCY FOR EACH PARTICIPANT = (TOTAL BC POOL ON _/-ALL PARTICIPANTS {BASED ON EQUATION 134}) I (TOTAL BC STAKE ON THAT PARTICIPANT 1 bUb {BASED ON EQUATION 138})