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Online commodity competition

a commodity competition and commodity technology, applied in the field of online commodity competition, can solve the problems of other franchises being unable to continue, unable to attend to their franchises, and not having the incentive to continue actively participating

Inactive Publication Date: 2014-06-12
HARTLEIP MATTHEW JAMES
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Benefits of technology

The patent describes a system for organizing online fantasy competitions between teams of franchises. The system includes an electronic interface and a processor that creates a platform for exchanging information about the performances of individual teams. The technical effect is a more efficient and organized way of managing online fantasy competitions.

Problems solved by technology

An undesirable result of these competitions may be the lack of incentive to continue actively participating when it becomes apparent that a franchise(s) is unable to overcome better performing franchises within a league.
Other franchises may be unable to continue because a real life event has required their attention and thus, they are unable to attend to their franchise.
This may contribute to other participants being dissatisfied because the integrity of the competition has been compromised.
Another issue with typical online competitions is the luck factor.
However, luck does manifest itself, for example, as injuries to real life athletes.
It can be frustrating for some competitors to assemble a competitive roster of players only to have their plans derailed by injury or some other real life event.
A number of bad luck occurrences may force a participant to surrender well before the season ends.

Method used

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Embodiment Construction

[0033]The following detailed description is of the best currently contemplated modes of carrying out the invention. The description is not to be taken in a limiting sense, but is made merely for the purpose of illustrating the general principles of the invention, since the scope of the invention is best defined by the appended claims.

[0034]Various inventive features are described below that can each be used independently of one another or in combination with other features. However, any single inventive feature may not address any of the problems discussed above or may only address one of the problems discussed above. Further, one or more of the problems discussed above may not be fully addressed by any of the features described below.

[0035]The present invention generally provides an online competition where participants may collaborate toward and end-goal. For example, embodiments of the present invention may group a plurality of participants into a team, each of whom may have an i...

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Abstract

An online competition may track performance of real life commodities. The competition may organize groups of franchises into leagues. The competition may also group the franchises into teams of franchises where performance of each franchise may contribute toward a team performance total. The team performance total may be used to determine a winner amongst a group of teams assembled into a competition.

Description

BACKGROUND OF THE INVENTION[0001]The present invention generally relates to contests and more particularly, to an online commodity competition.[0002]Online competitions may offer a variety of themes to which participants may demonstrate a skill in understanding the underlying bases for performance. For example, some online competitions offer a fantasy competition where a participant chooses from amongst a pool of eligible real life commodities whose performance may be tracked. The participant may typically assemble a group of commodities to represent the participant in competition; the better the performance of the commodities, the better the chances of winning the competition.[0003]For example, a popular form of online competition is a fantasy sports league. A participant typically plays the role of general manager under the concept that he or she can perform better as a general manager than other competitors in the league. A participant may typically field a franchise in the leagu...

Claims

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Application Information

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Patent Type & Authority Applications(United States)
IPC IPC(8): A63F9/24
CPCA63F13/65A63F13/828
Inventor HARTLEIP, MATTHEW JAMES
Owner HARTLEIP MATTHEW JAMES
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