# US 12,118,857 B2 · Method of verifying that a wager was placed before market close

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- Number: US 12,118,857 B2
- Document ID: US12118857B2
- Status: Granted
- Kind: B2
- Application number: 18/350,927
- Filed: 2023-07-12
- Published: 2023-11-02
- Granted: 2024-10-15
- Earliest claimed: 2020-12-01
- Assignees: AdrenalineIP
- Applicants: AdrenalineIP
- Inventors: Casey Alexander Huke; John Cronin; Joseph W. Beyers; Michael D'Andrea
- Web page: https://patentgrep.com/patent/US12118857B2

## CPC

- G07F 17/3288: {Betting, e.g. on live events, bookmaking}
- G06F 16/2322: {using timestamps}
- G06Q 20/02: involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
- G06Q 50/34: Betting or bookmaking, e.g. Internet betting
- G07F 17/323: {wherein the player is informed, e.g. advertisements, odds, instructions}
- G07F: COIN-FREED OR LIKE APPARATUS (coin sorting G07D3/00; coin testing G07D5/00; {handling coins or paper currencies apart from payment activated apparatus G07D; payment architectures, schemes or protocols G06Q20/00})
- G06F: ELECTRIC DIGITAL DATA PROCESSING (computer systems based on specific computational models G06N)
- G06Q: INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR

## Abstract

The present disclosure provides a method to determine if a user had placed a wager and verify that the wager was placed before the wagering market closed in a play-by-play wagering network. This method provides the ability to receive a wager from a user and allows the wagering network to receive a timestamp from the user's device to determine if the wager was placed before the market closing. Also, this method provides the ability to verify that there is no fraud, malicious activity, or cheating from the user by verifying that through a 3rd party network, such as the user's network connecting the user to the internet, that the timestamps provided by the network are correct and allowing the user to confirm their wager if received a few moments after the market has closed.

## Claims

### Claim 1

A method comprising:
receiving at least one wager which includes a wager timestamp of when the at least one wager was placed;
verifying placement of the at least one wager by determining whether the wager timestamp of the at least one wager was before a time associated with a close of a wager market;
comparing at least one network timestamp with the wager timestamp; and
determining whether the at least one network timestamp and the wager timestamp are within a predetermined margin of error.

### Claim 2 (depends on 1)

The method of claim 1, wherein the predetermined margin of error further comprises a time value less than 10 seconds.

### Claim 3 (depends on 1)

The method of claim 1, further comprising:
sending a notification to inform the user of the status of the at least one wager.

### Claim 4 (depends on 1)

The method of claim 1, further comprising:
accepting placement of the at least one wager when the wager timestamp is within the predetermined margin of error.

### Claim 5 (depends on 1)

The method of claim 1, further comprising:
displaying a message that the at least one wager was accepted, confirmed, rejected, or canceled.

### Claim 6 (depends on 1)

The method of claim 1, wherein the network timestamp is a third party network timestamp.

### Claim 7

A system comprising:
a wager placement module configured to receive a wager placed by a user and store the wager in a wager time database; and
a verification module configured to:
receive the wager from the wager placement module,
determine whether the wager was received before a closing time of a wager market,
determine whether the wager timestamp was prior to the closing time of the wager market,
compare the wager timestamp to at least one network timestamp, and
confirm the wager based on whether the wager timestamp and the at least one network timestamp fall within a predetermined margin of error.

### Claim 8 (depends on 7)

The system of claim 7, further comprising a notification regarding status of the placed wager.

### Claim 9 (depends on 7)

The system of claim 7, wherein the network timestamp is a third party network timestamp.