Detection of Improper Bets in Real-Time Wagering Systems
OwnerJohn Schipani, Deviprasad Malladiinventors
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Abstract
Methods, systems, and software for accepting bets on contests, such as sporting events, with wagering terms that change in real-time with the progress of the contests are disclosed. The disclosed methods, systems, and software may include security features that check the time at which bets are placed to ensure that they are not being placed in the interval between when an event occurred in the contest and when the wagering terms were changed to reflect that the event occurred.
Claims14
A method for accepting wagers on a contest in which the wagering terms change in real time with the progress of the contest, comprising:
- accepting bets on one or more wagering terms from one or more bettors while the contest is in progress using a server communicating with the one or more bettors over a communications network;
- monitoring the progress of the contest;
- determining whether the one or more wagering terms have changed as a result of one or more events during the progress of the contest;
- determining whether or not the bets were placed during an improper interval between a time that one of the events occurred and a time that the one or more wagering terms were changed to reflect the event;
- and
- rejecting any of the bets that were placed during the improper interval.
A method for accepting wagers on a contest, comprising:
- accepting bets on one or more wagering terms from one or more bettors while the contest is in progress using a server communicating with the one or more bettors over a communications network;
- if an event occurs in the contest, determining projected wagering terms based on the event;
- comparing a difference between the one or more wagering terms and the projected wagering terms with a change threshold;
- and
- changing the one or more wagering terms to the projected wagering terms if the difference is greater than the change threshold.
A wagering system, comprising:
- a bookmaking server in communication with one or more bettors through a communications network, the bookmaking server being configured and adapted (1) to accept bets on one or more wagering terms from the one or more bettors on contests while the contests are in progress, (2) to monitor the contests and change the one or more wagering terms based on events in the contest, (3) to determine whether or not the bets were placed during an improper interval between a time that one of the events occurred and a time that the one or more wagering terms were changed to reflect the event and to reject any of the bets that were placed during the improper interval, and (4) to calculate the improper interval for each one of the one or more bettors based at least in part upon an amount of time it takes for data to reach each one of the one or more bettors.
Dependencies are inferred from the claim text.