Systems and methods for placing parimutuel wagers on future events

• US 20010047291A1
• Filed: 04/02/2001
• Published: 11/29/2001
• Est. Priority Date: 04/05/2000
• Status: Active Grant

• Current Assignee: ODS Properties Incorporated (Adeia Inc.)
• Original Assignee: ODS Properties Incorporated (Adeia Inc.)
• Inventors: Thomas, William L., McNutt, Richard E., Garahi, Masood, Marshall, Connie T., Hindman, John, Oldham, James D., Stimmel, Eric F., Thomas, Jay D., Ramsey, Douglas V.
• Granted Patent: US 7,454,380 B2
• Time in Patent Office: Days
• US Class Current: 705/10
• CPC Class Codes: G06Q 10/063 Operations research, analysis or management
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 50/34 Betting or bookmaking, e.g. Internet betting
• CPC Class Codes: G07F 17/3288 Betting, e.g. on live events, bookmaking

Abstract

An interactive wagering application is provided that allows users to place parimutuel wagers on future events. An interactive wagering system may enable the user to place a wager on the future event by providing multiple wagering pools. When a future event wagering pool is closed, final odds and payouts may be determined for that wagering pool and a new wagering pool, for the same future event, may be made available. The interactive wagering application may also monitor the user'"'"'s activities to create a user profile. The interactive wagering application may use the user profile to find future race events that may be of interest to the user. The interactive wagering application may also provide the user with the ability to search for future races according to the future race date, race name, or any other suitable criteria.

Claims

1. A method for wagering on a future race using an interactive wagering system, comprising:

providing a user with the ability to place a wager in a first wagering pool for the future race, wherein the interactive wagering system provides a second wagering pool for the future race and wherein the second wagering pool closes after the first wagering pool closes.

2. The method defined in

claim 1

further comprising providing the user with the ability to place a wager in the second wagering pool.

3. The method defined in

claim 1

wherein the first and second wagering pools accept wagers of the same wager type.

4. The method defined in

claim 1

wherein the second wagering pool is open while the first wagering pool is open.

5. The method defined in

claim 1

wherein the second wagering pool opens when the first wagering pool closes.

6. The method defined in

claim 1

wherein the second wagering pool opens at some time after the first wagering pool closes.

7. The method defined in

claim 1

wherein the odds and payouts for the first wagering pool are being calculated while the first wagering pool is open and wherein the odds and payouts for the second wagering pool are being calculated while the second wagering pool is open.

8. The method defined in

claim 7

wherein the odds and payouts for the first wagering pool become fixed when the first wagering pool closes and wherein the odds and payouts for the second wagering pool become fixed when the second wagering pool closes.

9. The method defined in

claim 1

further comprising providing the user with the ability to access wagering pool information.

10. The method defined in

claim 9

wherein the wagering pool information for a closed wagering pool includes fixed odds and payouts for the future race.

11. The method defined in

claim 9

wherein the wagering pool information for an open wagering pool includes current odds and payouts for the future race.

12. The method defined in

claim 1

further comprising notifying the user of future race events by displaying a message.

13. The method defined in

claim 1

further comprising monitoring user actions to create a user profile.

14. The method defined in

claim 13

further comprising:

finding future race events that may be of interest to the user based on the user profile; and

notifying the user of the future race events that may be of interest.

15. The method defined in

claim 14

further comprising notifying the user of the future race events that may be of interest by displaying a message.

16. The method defined in

claim 14

further comprising adding the future race events to a list.

17. The method defined in

claim 16

further comprising providing the user with the ability to access the list.

18. A system for wagering on a future race using an interactive wagering system, comprising:

a first wagering pool for the future race;

a second wagering pool for the future race, wherein the second wagering pool closes after the first wagering pool closes; and

user equipment configured to provide the user with the ability to place a wager in the first wagering pool for the future race.

19. The system defined in

claim 18

wherein the user equipment is further configured to provide the user with the ability to place a wager in the second wagering pool.

20. The system defined in

claim 18

wherein the first and second wagering pools accept wagers of the same wager type.

21. The system defined in

claim 18

wherein the second wagering pool is open while the first wagering pool is open.

22. The system defined in

claim 18

wherein the second wagering pool opens when the first wagering pool closes.

23. The system defined in

claim 18

wherein the second wagering pool opens at some time after the first wagering pool closes.

24. The system defined in

claim 18

further comprising a totalisator configured to (a) calculate the odds and payouts for the first wagering pool while the first wagering pool is open and (b) calculate the odds and payouts for the second wagering pool while the second wagering pool is open.

25. The system defined in

claim 24

wherein the totalisator is further configured to (a) fix the odds and payouts for the first wagering pool when the first wagering pool closes and (b) fix the odds and payouts for the second wagering pool when the second wagering pool closes.

26. The system defined in

claim 18

wherein the user equipment is further configured to provide the user with the ability to access wagering pool information.

27. The system defined in

claim 26

wherein the wagering pool information for a closed wagering pool includes fixed odds and payouts for the future race.

28. The system defined in

claim 26

wherein the wagering pool information for an open wagering pool includes current odds and payouts for the future race.

29. The system defined in

claim 18

wherein the user equipment is configured to display a message to notify the user of future race events.

30. The system defined in

claim 18

wherein the user equipment is configured to monitor user actions to create a user profile.

31. The system defined in

claim 30

wherein the user equipment is further configured to:

find future race events that may be of interest to the user based on the user profile; and

notify the user of the future race events that may be of interest.

32. The system defined in

claim 31

wherein the user equipment is further configured to display a message to notify the user of available future race events that may be of interest.

33. The system defined in

claim 31

wherein the user equipment is further configured to maintain and add the future race events that may be of interest to a list.

34. The system defined in

claim 33

wherein the user equipment is further configured to provide the user with the ability to access the list.