System and method for creating betting instruments
US8342942B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Sep 28, 2006 |
| Grant date | Jan 1, 2013 |
| Priority date | — |
| Expiry date | Feb 14, 2030 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG07F17/3288
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Systems and methods are provided for creating and managing bets. In an exemplary embodiment, a first betting session may be started. Betting product information may be communicated to at least one user. A plurality of bet requests for wagering on at least one betting product may be received from the at least one user. Each of the plurality of bet requests may comprise at least one betting term from the betting product information. One of the bet requests may be validated. Another of the bet requests may be validated based on a term associated with the other bet request being within a range from a corresponding term associated with the validated bet request. A betting instrument may be created for each validated bet request. Bets associated with the betting instruments may be settled.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.