Artificial Intelligence Experimential Technologies, LLC (20240249599). SYSTEM AND METHOD FOR ENABLING WAGERING EVENT BETWEEN SPORTS ACTIVITY PLAYERS WITH STORED EVENT METRICS simplified abstract

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SYSTEM AND METHOD FOR ENABLING WAGERING EVENT BETWEEN SPORTS ACTIVITY PLAYERS WITH STORED EVENT METRICS

Organization Name

Artificial Intelligence Experimential Technologies, LLC

Inventor(s)

William Choung of Plano TX (US)

Daniel Sahl of Henderson NV (US)

SYSTEM AND METHOD FOR ENABLING WAGERING EVENT BETWEEN SPORTS ACTIVITY PLAYERS WITH STORED EVENT METRICS - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240249599 titled 'SYSTEM AND METHOD FOR ENABLING WAGERING EVENT BETWEEN SPORTS ACTIVITY PLAYERS WITH STORED EVENT METRICS

    • Simplified Explanation:**

Individual sports event activities are recorded and their metrics are provided to a central gaming server. Players offer wagers to compete against each other based on these metrics, and the server determines the winner.

    • Key Features and Innovation:**
  • Recording and storing individual sports event activities and metrics.
  • Allowing players to offer wagers for competition.
  • Comparing metrics to determine a winner.
  • Facilitating individual or group player competitions.
    • Potential Applications:**

This technology could be used in online gaming platforms, sports betting websites, and virtual sports competitions.

    • Problems Solved:**

This technology streamlines the process of organizing and conducting individual sports competitions, making it easier for players to compete against each other based on their performance metrics.

    • Benefits:**
  • Enhances the competitiveness and engagement of individual sports events.
  • Provides a platform for players to showcase their skills and compete for rewards.
  • Offers a new way for sports enthusiasts to interact and participate in virtual competitions.
    • Commercial Applications:**
  • Title: "Enhancing Virtual Sports Competitions with Metric-Based Wagering"
  • This technology could be utilized by online gaming companies, sports betting platforms, and virtual sports event organizers to attract and engage players in competitive activities.
    • Questions about Individual Sports Event Activities:**

1. How does this technology impact the traditional sports betting industry? 

  - This technology introduces a new dimension to sports betting by incorporating individual sports event metrics into the competition.

2. What are the potential challenges in implementing this technology on a large scale? 

  - Implementing this technology on a large scale may require significant data management and security measures to ensure fair competition and accurate results.


Original Abstract Submitted

individual sports event activities are recorded along with metric results of individual or collective results of the activities. the data from these recordings and metrics are provided to a central gaming server. individual players offer wagers of value to be used in competition against other individual or groups of players. the central gaming server compares the metrics of at least two individual players that have offered wagers of values and determines a winning individual player based on the comparison of metrics.

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