US 2004/0104845 A1 · System, Method, and Product for Derivative-Based Wagering Racing Application

Abstract

A computer-based data processing system is described that employs at least one remote sensing device or system capable of providing time-indexed 2D or 3D spatial location, and subsequently uses the location data and other measured or derived data to automatically detect, identify, extract and characterize performance features and outcomes for the purposes of derivative-based wagering and gaming. This patent describes a wagering model and user interface application which is in part similar to derivative-based financial securities trading, with specific application to sports wagering by employing real-time spatial tracking capability. A specific use of the present invention is to extend the presently established pari-mutuel wagering and totalisator systems used for thoroughbred horse racing. Additionally, the present invention has similar application to other sports as well as other performance-based events.

Claims14

Dependent claims

An RF tracking system for determining characteristics of at least one object in a local area, the system comprising:

(a) at least one remote spread spectrum radio transceiver, the at least one remote spread spectrum radio transceiver being coupled to the at least one object in the local area;
(b) at least three tower spread spectrum radio transceivers being positioned proximate to the local area and the at least three spread spectrum radio transceivers transmitting signals to and receiving signals from the at least one remote spread spectrum radio transceiver;
(c) a signal processor coupled to the at least three tower spread spectrum radio transceivers, the signal processor processing signal data received from the at least three tower spread spectrum radio transceivers;
(d) a database engine in communication with the signal processor, the database engine storing in and retrieving from a database the signal data and biographical data relating to the at least one object;
and
(e) a processor coupled to the database engine, the processor determining the characteristics of the at least one object based, at least in part, on the signal data and the biographical data.

3 more elements

A system for monitoring the performance of at least one sports player, animal, or other object on a sporting field or a racetrack for the purpose of enabling derivative-based wagering, the system comprising:

(a) at least one remote spread spectrum radio transceiver, the at least one remote spread spectrum radio transceiver being positioned on the at least one sports player, animal, or other object;
(b) at least three tower spread spectrum radio transceivers being positioned proximate to the sports field or racetrack, the at least three tower spread spectrum radio transceivers transmitting signal data to and receiving signal data from the plurality of remote spread spectrum radio transceivers;
(c) a signal processor coupled to the at least three tower spread spectrum radio transceivers, the signal processor processing signal data received from the at least three tower spread spectrum radio transceivers;
(d) a database engine in communication with the signal processor, the database engine storing in and retrieving from a database the signal data and biographical data of the at least one sports player, animal, or other object;
and
(e) a processor coupled to the database engine, the processor determining the characteristics of the at least one sports player, animal, or other object based, at least in part, on the signal data and the biographical data.

3 more elements

Dependencies are inferred from the claim text.

System, Method, and Product for Derivative-Based Wagering Racing Application

Life of this patent

System, Method, and Product for Derivative-Based Wagering Racing Application

Life of this patent

Abstract

Claims14