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US 2014/0228106 A1Published application
Electrical Computers and Digital Processing Systems Involving Interprogram or Interprocess Communication for Risks in a Combined Booked and Pari-Mutuel Environment
AssigneeCfph, LLC
InventorsLee Amaitis, Kenneth L. Miller
Life of this patent
Estimating the term…
Abstract
An interaction and/or combined efforts of a pool and a book may provide an increased flexibility over a traditional book of wagers and a traditional pool of wagers. Various examples of accepting and forming one or more wagers by a book and a pool are described that enhance the ability to make wager related offers to wagerers.
Claims18
An apparatus comprising:
- a processor;
- and
- a non-transitory medium having stored thereon a plurality of instructions that when executed by the processor cause the apparatus to:
- receive a request for a first wager on an event from a first user;
- form the first wager between the first user and a book of wagers;
- in response to receiving the request, determine at least a portion of the first wager to place with a pari-mutuel pool of wagers;
- in response to determining the at least the portion, form a second wager defined by the at least the portion of the first wager with the pool to create the second wager between the book and the pool;
- resolve the first wager with the first user based on an outcome of the event;
- and
- resolve the second wager with the pool based on the outcome of the event.
7 more elements
An apparatus comprising:
- a processor;
- and
- a non-transitory medium having stored thereon a plurality of instructions that when executed by the processor cause the apparatus to:
- receive a request for a first wager on an event from a first user;
- determine whether any of the first wager should be placed in a pari-mutuel pool of wagers;
- if it is determined that at least some of the first wager should be placed in the pool:
- form the first wager between the first user and a book of wagers;
- determine at least a portion of the first wager to place with a pool of wagers;
- in response to determining the at least the portion, form a second wager defined by the at least the portion of the first wager with the pool to create the second wager between the book and the pool;
- resolve the first wager with the first user based on an outcome of the event;
- resolve the second wager with the pool based on the outcome of the event;
- if it is determined that none of the first wager should be placed in the pool:
- form the first wager between the first user and the book of wagers;
- and
- resolve the first wager with the first user based on the outcome of the event.
12 more elements
A method comprising:
- receiving, by a computing device, a request for a first wager on an event from a first user;
- forming, by the computing device, the first wager between the first user and a book of wagers;
- in response to receiving the request, determining, by the computing device, at least a portion of the first wager to place with a pari-mutuel pool of wagers;
- in response to determining the at least the portion, forming, by the computing device, a second wager defined by the at least the portion of the first wager with the pool to create the second wager between the book and the pool;
- resolving, by the computing device, the first wager with the first user based on an outcome of the event;
- and
- resolving, by the computing device, the second wager with the pool based on the outcome of the event.
4 more elements
Dependencies are inferred from the claim text.