Virtual race course generating and vehicle wagering system and method

A system to generate a virtual race course for vehicles located within the race course to be wagered, the system comprising:

• a telematic control unit (TCU) configured to interface with a vehicle's Controller Area Network (CAN) to gather, store and transmit vehicle telemetry data for a vehicle in which the TCU is disposed;
• a server computer processor including:
• a mapping application program interface (API) configured to:
• monitor public traffic data and private traffic data:
• determine whether optimal conditions exist within the monitored public and private traffic data in which to generate a virtual race course, and
• generate a virtual race course including a starting line and a finish line from GPS coordinates input with respect to the determined optimal conditions and based on a detection of a TCU within the input GPS coordinates,
• a graphic user interface (GUI) downloadable to a mobile computing device and configured to enable a user to select a wager on a vehicle in which the TCU is disposed within the generated virtual race course, wherein the wager is generated based on vehicle telemetry data received from the TCU, and
• a wager calculation module configured to generate a wager based on historical wager data received, vehicle telemetry data received, and aggregated traffic data received;
• an enterprise network database to store historical wager data, a list of vehicles in which a TCU is disposed, historical wager vehicle telemetry data and aggregated traffic data;
• and
• an internet gateway to enable wireless communication between the server computer processor, the TCU, the network database and the downloaded GUI.