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US 7,442,124 B2Granted
System and method for high-speed pari-mutuel wagering
AssigneeBGC Partners, Inc.
InventorsJoseph M. Asher, Howard W. Lutnick
Life of this patent
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AssigneeBGC Partners, Inc.
InventorsJoseph M. Asher, Howard W. Lutnick
Estimating the term…
This disclosure provides a wagering system associated with a first wagering facility, the system communicably coupled with a network and including memory operable to store betting odds on a plurality of wagering events hosted by the first wagering facility. The system further includes a processor coupled to the memory and operable to receive a first bet on a particular event via the network, the particular event comprising at least one wagering event hosted by the first wagering facility. If a second bet is received within a predetermined period after the first bet is received, then the processor recalculates betting odds on the particular event based upon both the first and second bets. If a second bet is not received within a predetermined period after the first bet is received, then the processor recalculates betting odds on the particular event based upon the first bet.
A wagering system associated with a first wagering facility, the system communicably coupled with a network and comprising:
A method for conducting wagering, comprising:
A method for conducting wagering, comprising:
Dependencies are inferred from the claim text.