System and method for high-speed pari-mutuel wagering
US7442124B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Mar 10, 2004 |
| Grant date | Oct 28, 2008 |
| Priority date | — |
| Expiry date | Jun 29, 2025 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG07F17/3288
- WIPO fieldControl
- WIPO sectorInstruments
Abstract
This disclosure provides a wagering system associated with a first wagering facility, the system communicably coupled with a network and including memory operable to store betting odds on a plurality of wagering events hosted by the first wagering facility. The system further includes a processor coupled to the memory and operable to receive a first bet on a particular event via the network, the particular event comprising at least one wagering event hosted by the first wagering facility. If a second bet is received within a predetermined period after the first bet is received, then the processor recalculates betting odds on the particular event based upon both the first and second bets. If a second bet is not received within a predetermined period after the first bet is received, then the processor recalculates betting odds on the particular event based upon the first bet.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.