System and method for betting on a participant in a group of events
First Claim
1. An apparatus comprising:
- a network interface to communicate with a remote server over a communication network;
a card reader;
a cash receiver;
a user interface;
a ticket dispenser;
a payment voucher dispenser;
at least one processor to;
calculate an index number based at least in part on historical data of a plurality of racing events;
receive, via the user interface, information indicative of a first bet comprising a bet amount and a first prediction that a total number of units earned by a first participant competing in the plurality of racing events will be over or under the index number, the total number of units being based at least in part on a finishing position of the first participant in each of the plurality of racing events;
detect receipt of the bet amount via the card reader or the cash receiver;
transmit the information indicative of the first bet to the remote server via the network interface;
print a ticket comprising the information indicative of the first bet via the ticket dispenser;
determine an outcome of the first bet based at least in part on whether the total number of units actually earned by the first participant during the plurality of racing events satisfies the first prediction; and
print a payment voucher with data indicative of a payout to be paid on the first bet via the payment voucher dispenser, if the total number of units actually earned by the first participant during the plurality of racing events satisfies the first prediction.
0 Assignments
0 Petitions
Accused Products
Abstract
A method of managing bets includes receiving first types of bets and second types of bets. Each first type of bet comprises a bet that the number of units earned by a participant in a plurality of events will fall within a first range of numbers. Each second type of bet comprises a bet that the number of units earned by the participant over a course of a plurality of events will fall within a second range of numbers. The total number of units earned by the participant is determined based on the positioning of the participant in each event. The method includes determining whether the first or second type of bets are winning bets. A betting pool is determined based on the total amounts associated with the first and second types of bets. A payout is determined based on the betting pool and the total amounts of the winning bets.
-
Citations
10 Claims
-
1. An apparatus comprising:
-
a network interface to communicate with a remote server over a communication network; a card reader; a cash receiver; a user interface; a ticket dispenser; a payment voucher dispenser; at least one processor to; calculate an index number based at least in part on historical data of a plurality of racing events; receive, via the user interface, information indicative of a first bet comprising a bet amount and a first prediction that a total number of units earned by a first participant competing in the plurality of racing events will be over or under the index number, the total number of units being based at least in part on a finishing position of the first participant in each of the plurality of racing events; detect receipt of the bet amount via the card reader or the cash receiver; transmit the information indicative of the first bet to the remote server via the network interface; print a ticket comprising the information indicative of the first bet via the ticket dispenser; determine an outcome of the first bet based at least in part on whether the total number of units actually earned by the first participant during the plurality of racing events satisfies the first prediction; and print a payment voucher with data indicative of a payout to be paid on the first bet via the payment voucher dispenser, if the total number of units actually earned by the first participant during the plurality of racing events satisfies the first prediction. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
-
Specification