VIRTUAL CURRENCY BASED ONLINE SOCIAL WAGERING SYSTEM AND METHOD

摘要

A virtual currency based online social wagering system and method, based on at least one wagering networks server. The system can handle wagers initiated by multiple users using commonly available computerized devices such as Smartphones. The system avoids legal problems through the use of virtual currency rather than money (which makes the interactions wager-like events, rather than actual wagers), and facilitates interactions between friends by drawing upon social networks for much of the interactions. The system is also designed to make friendly social interactions such as banter, “trash talk”, or “swagger” a key part of the wagering experience. Various internal controls insure that the virtual funds are managed correctly.