Systems and methods for automatically generating and verifying proposition bets

摘要

Data containing user-defined terms for a proposition bet are received at a first network connected device, wherein the user-defined terms predict an outcome for the proposition bet. The user-defined terms may take the form of a performance condition for a proposition bet customized by a user; wherein the performance condition predicts an outcome for the proposition bet. A database is queried to retrieve historical data associated with the user defined terms for the proposition bet. The historical data is processed to generate odds that the user defined terms correctly predict the outcome for the proposition bet. The odds are transmitted to a second network connected device for acceptance or rejection by the user.