Event wagering with group and/or in run options

• US 10,262,502 B2
• Filed: 12/08/2014
• Issued: 04/16/2019
• Est. Priority Date: 01/30/2012
• Status: Active Grant

• Current Assignee: CFPH LLC (Cantor Fitzgerald, L.P.)
• Original Assignee: CFPH LLC (Cantor Fitzgerald, L.P.)
• Inventors: Miller, Kenneth L., Lipka, Craig, Singleton, Quinton
• Primary Examiner(s): Ahmed, Masud
• Application Number:
  US14/562,916
• Publication Number:
  US 20150248816A1
• Time in Patent Office: 1,590 Days
• Field of Search: 463 16- 42
• CPC Class Codes: A63F 9/14 Racing games, traffic games, or obstacle games characterised by figures moved by action of the players racing games using dice A63F3/00
• CPC Class Codes: G06Q 50/34 Betting or bookmaking, e.g. Internet betting
• CPC Class Codes: G07F 17/3244 Payment aspects of a gaming system, e.g. payment schemes, setting payout ratio, bonus or consolation prizes
• CPC Class Codes: G07F 17/3288 Betting, e.g. on live events, bookmaking

Abstract

Some embodiments may relate to wagering one or more events. Such events may include sporting events. For example, one or more races may be wagered upon. In some embodiments, one or more wager may include an in running or in game wager. In some embodiments, one or more wagers may include a wager on a group of participants. Various apparatus and methods are described.

Claims

1. An apparatus comprising:

a computing device; and

a non-transitory medium having stored thereon a plurality of instructions that when executed by the computing device cause the apparatus to;

assign participants of a race to respective groups of a set of three groups, wherein each of the participants has respective odds associated therewith of winning the race, wherein based on the odds a first one of the participants is deemed a favorite, a second one of the participants is deemed a long shot, and the remaining participants are deemed a middle of the pack, and wherein the favorite is assigned to a first group of the set of three groups, the long shot is assigned to a second group of the set of three groups, at least a portion of the middle of the pack is assigned to a third group of the set of three groups, and there are at least two members of the at least the portion of the middle of the pack;

receive a wager on the second one of the set of three groups, in which the wager wins if the longshot reaches a designated point first;

receive another wager on the third one of the set of three groups, in which the another wager wins if any one of the at least the portion of the middle of the pack reaches the designated point first;

determine which one group of the set of three groups is a winning group based on at least one finishing position of at least one of the participants at the designated point; and

facilitate payments for wagers made on the winning group in response to determining that the winning group is the winning group.

2. The apparatus of claim 1, in which the instructions, when executed, cause the apparatus to:

allocate the wager on the second one of the set of three groups and the another wager on the third one of the set of three groups to a single pari-mutual pool.

3. The apparatus of claim 1, wherein the first group is assigned a first color, the second group is assigned a second color, and the third group is assigned a third color.

4. The apparatus of claim 3, wherein players wager on one or more of the set of three groups by selecting one of the first, second, or third colors.

5. The apparatus of claim 3, wherein the first color is red, the second color is green, and the third color is black.

6. The apparatus of claim 3, wherein the instructions, when executed, cause the apparatus to:

receive a third wager that a sequence of the first, second, and third colors will be in a particular order at the designated point in the first race, and wherein the sequence of the first, second, and third colors is determined based on assigned group colors of the participants and the finishing positions of the participants at the designated point in the race.

7. The apparatus of claim 1, wherein the instructions, when executed, cause the apparatus to:

assign each of the participants of the race to one of a plurality groups separate from the set of three groups, wherein each of the participants is assigned a respective one of a consecutive sequence of numbers, the numbers beginning with one, and wherein participants of the race that are numbered 1 and 2 are assigned to a first of the plurality of groups, participants of the race that are numbered 3 and 4 are assigned to a second of the plurality of groups, and participants of the race that are numbered 5 and 6 are assigned to a third of the plurality of groups;

receive a third wager on one of the plurality of groups, in which the third wager wins if at least one participant in the one of the plurality of groups reaches a designated point in the race first;

receive a fourth wager on another of the plurality of groups, in which the fourth wager wins if at least one participant in the another of the plurality groups reaches the designated point in the race first.

8. The apparatus of claim 7, in which the instructions, when executed, cause the apparatus to:

allocate the wager on the first one of the set of three groups and the another wager on the third one of the set of three groups to a first pari-mutual pool; and

allocate the third wager on the one of the plurality of groups and the fourth wager on the another of the plurality of groups to a second pari-mutual pool that is different from the first pari-mutual pool.

9. The apparatus of claim 1, in which the instructions, when executed, cause the apparatus to:

determine that the wager on the second one of the set of three groups should be allocated to a first pool based on receiving the wager on the second one of the set of three groups before a start of the race and determining that the another wager on the third one of the set of three groups should be allocated to second pool based on receiving the another wager on the third one of the set of three groups after the start of the race.

10. An apparatus comprising:

a computing device; and

a non-transitory medium having stored thereon a plurality of instructions that when executed by the computing device cause the apparatus to;

open a wagering window for a race wherein the wagering window closes at some time during the race;

assign each participant of a plurality of participants of a race to one of two or more groups;

receive after a start of the race at least one wager on one of the two or more groups, in which the at least one wager wins if at least one respective participant of the one of the two or more groups reaches a designated point first;

receive after the start of the race at least one other wager on another of the two or more groups, in which the at least one other wager wins if at least one respective participant of the other of the two or more groups reaches the designated point first;

determine which of the two or more groups is a winning group based on at least one position of at least one of the participants at the designated point; and

facilitate payments for wagers made on the winning group in response to determining that the winning group is the winning group;

wherein each participant of the plurality of participants has respective odds associated therewith of winning the race, wherein based on the odds a first one of the participants is deemed a favorite, a second one of the participants is deemed a long shot, and the remaining participants are deemed a middle of the pack, and wherein the favorite is assigned to a first group of the two or more groups, the long shot is assigned to a second group of the two or more groups, at least a portion of the middle of pack are assigned to a third group of the two or more groups, and there are at least two members of the at least the portion of the middle of the pack.

11. The apparatus of claim 10, in which the instructions, when executed, cause the apparatus to:

allocate the at least one wager on one of the two or more groups and the at least one other wager on the another of the two or more groups to a single pari-mutual pool.

12. The apparatus of claim 10, wherein at least one of the at least one wager on the one of the two or more groups and the at least one other wager on the another of the two or more groups are each a fixed odds wager.

13. The apparatus of claim 12, wherein the fixed odds on a respective group may change during the wagering window.

14. The apparatus of claim 10, in which the instructions, when executed, cause the apparatus to:

receive a selection of the race and at least one additional wager as part of at least one of a daily double wager and a select n wager.

15. The apparatus of claim 10, in which the instructions, when executed, cause the apparatus to:

determine that the at least one wager on the one of the two or more groups should be allocated to a first pool based on receiving the at least one wager on the one of the two or more groups after the start of the race and determining that at least one third wager on at least one of the two or more groups should be allocated to a second pool based on receiving the at least one third wager before the start of the race.

16. The apparatus of claim 10, wherein the first group is assigned a first color, the second group is assigned a second color, and the third group is assigned a third color.

17. An apparatus comprising:

a computing device; and

a non-transitory medium having stored thereon a plurality of instructions that when executed by the computing device cause the apparatus to;

open a pre-race wagering window for a first set of daily double wagers that involve a first race and a second race, in which the first race and the second race are different races during a day;

receive, at a first time after the pre-race wagering window is open and before the first race begins, a first daily double wager on the first race and the second race two;

based on the first time being before the first race begins, allocate the first daily double wager to a first pari-mutuel pool;

open an in-race wagering window for a second set of daily double wagers that involve the first race and the second race;

receive, at a second time after the first race begins, a second daily double wager on the first race and the second race;

based on the second time being after the first race begins, allocate the second daily double wager to a second pari-mutuel pool;

determine whether the first daily double wager and the second daily double wager are wining wagers based on outcomes of the first race and the second race;

assign participants of the first race to one of a plurality of groups, wherein the first daily double wager includes a selection of a respective group of participants to win the first race and the respective group is one of the plurality of groups, and in which at least one group includes at least two participants,

wherein participants of the first race each have respective odds associated therewith, wherein based on the odds one participant is deemed a favorite, one participant is deemed a long shot, and the remaining participants are deemed a middle of the pack, and wherein the favorite is assigned to a first one of the plurality of groups, the long shot is assigned to a second one of the plurality of groups, at least a portion of the middle of the pack are assigned to a third one of the plurality of groups, and there are at least two members of the at least the portion of the middle of the pack.

18. The apparatus of claim 17, in which the instructions, when executed, cause the apparatus to:

close the in-race wagering window based on a participant of the first race reaching a designated intermediate point of the first race.

19. The apparatus of claim 17, in which the instructions, when executed, cause the apparatus to:

receive a selection of the first race and the second race from among a plurality of available races for inclusion in the first daily double wager from a submitter of the first daily double wager and a receiving a selection of the first race and the second race from among the plurality of available races for inclusion in the second daily double wager from a submitter of the second daily double wager, and in which both the first pari-mutuel pool and the second-pari-mutual include wagers based on other races than the first race and the second race.