Accounting method and apparatus for fair peer-to-peer gambling

• US 20020155884A1
• Filed: 04/23/2001
• Published: 10/24/2002
• Est. Priority Date: 04/23/2001
• Status: Abandoned Application

• Current Assignee: Kim Updike
• Original Assignee: Kim Updike
• Inventors: Updike, Kim
• Application Number:
  US09/840,574
• Publication Number:
  US 20020155884A1
• Time in Patent Office: Days
• US Class Current: 463/25
• CPC Class Codes: G07F 17/32 for games, toys, sports, or amusements
• CPC Class Codes: G07F 17/3288 Betting, e.g. on live events, bookmaking

Abstract

Apparatus and methods for fair peer-to-peer gambling is disclosed. Generally, the system receives a bet statement from one of two authorized players. Either one of the two authorized players then enters a whole number percentage representing his belief that the outcome of the bet statement will be true. The player entering the risk percentage is encouraged to be as fair as possible, because the other player chooses which side of the bet he will take, thereby forcing the first player into the other position. The amount of points or money wagered are then automatically determined based on the risk percentage and a predetermined scaling scheme which limits potential gambling losses to levels deemed acceptable by the players. Once the actual outcome is determined, the winning player is rewarded in inverse proportion to his risk percentage. In other words, a winning player who is favored to win receives less than a winning player who is not favored to win. The winning points are preferably subtracted from the loser'"'"'s account and added to the winner'"'"'s account without a “house cut.”

Claims

1. A method of transferring points from a first player'"'"'s game account to a second player'"'"'s game account, the method comprising the steps of:

receiving data indicative of a first odds number, the first odds number representing a percentage of risk determined by the first player;

determining a second odds number such that the sum of the first odds number added to the second odds number is equal to 100%;

receiving scaling data indicative of at least one of a scaling type and a scaling factor;

determining a first number of points based on the scaling data and the first odds number;

determining a second number of points based on the scaling data and the second odds number;

receiving a position indicator, the position indicator representing an association between the second player and only one of the first odds number and the second odds number, the position indicator being selected by the second player;

receiving an outcome indicator, the outcome indicator representing a winning position, the winning position being associated with only one of the first odds number and the second odds number;

subtracting the first number of points from a first game account associated with the first player and adding the first number of points to a second game account associated with the second player if the position indicator is associated with the second odds number and the winning position is associated with the second odds number;

subtracting the second number of points from the first game account and adding the second number of points to the second game account if the position indicator is associated with the first odds number and the winning position is associated with the first odds number;

subtracting the first number of points from the second game account and adding the first number of points to the first game account if the position indicator is associated with the first odds number and the winning position is associated with the second odds number; and

subtracting the second number of points from the second game account and adding the second number of points to the first game account if the position indicator is associated with the second odds number and the winning position is associated with the first odds number.

2. A method as defined in claim 1, further comprising the steps of displaying a plurality of bet statements and receiving a selection identifying a particular bet statement from the plurality of bet statements.

3. A method as defined in claim 1, further comprising the step of receiving a text based bet statement.

4. A method as defined in claim 1, further comprising the steps of:

receiving a first user identifier associated with the first player;

receiving a first password associated with the first player;

receiving a second user identifier associated with the second player; and

receiving a second password associated with the second player.

5. A method as defined in claim 1, wherein the step of receiving data indicative of a first odds number comprises the step of receiving a whole number percentage less than 100%.

6. A method as defined in claim 1, wherein the step of subtracting the first number of points from a first game account comprises the step of subtracting digital data representing money from a first game account.

7. A method as defined in claim 6, further comprising the step of receiving a bet amount, wherein the step of determining a first number of points comprises the step of determining the first number of points based on the bet amount.

8. A method as defined in claim 1, further comprising the step of receiving a credit card number associated with a credit card account, wherein the step of subtracting the first number of points from a first game account comprises the step of charging the credit card account.

9. A method as defined in claim 1, wherein the step of subtracting the first number of points from a first game account comprises the step of subtracting the first number of points from a memory device associated with an Internet client.

10. A method as defined in claim 1, wherein the step of subtracting the first number of points from a first game account comprises the step of subtracting the first number of points from a memory device associated with a handheld electronic device.

11. A method as defined in claim 1, further comprising the step of receiving a bet multiplier, wherein the step of subtracting the first number of points from a first game account comprises the step of adjusting the first number of points based on the bet multiplier.

12. A method as defined in claim 11, wherein the step of adjusting the first number of points based on the bet multiplier comprises the step of retrieving digital representation of the bet multiplier from a digital memory, the digital representation representing a bet doubler.

13. A method as defined in claim 1, further comprising the steps of determining a maximum payout number and reducing the first number of points to be lower than the maximum payout number.

15. A wagering apparatus as defined in claim 14, wherein the software program is further structured to cause the processor to present a plurality of bet statements on the display and receive a selection identifying a particular bet statement from the plurality of bet statements from the keyboard.

16. A wagering apparatus as defined in claim 14, wherein the software program is further structured to cause the processor to receive a text based bet statement from the keyboard.

17. A wagering apparatus as defined in claim 14, wherein the software program is further structured to cause the processor to receive a first password associated with the first player account and a second password associated with the second player account.

18. A wagering apparatus as defined in claim 14, wherein the software program is further structured to cause the processor to receive a bet multiplier which affects the amount subtracted from the second player account.

20. A wagering apparatus as defined in claim 19, further comprising a bet statement manager operatively coupled to the transmitter, the receiver and the memory device, the bet statement manager being structured to receive a bet statement from the receiver, the bet statement manager being structured to store the bet statement in the memory, the bet statement manager being structured to retrieve the bet statement from the memory, the bet statement manager being structured to cause the transmitter to transmit the bet statement over the computer network.

21. A wagering apparatus as defined in claim 20, wherein the bet statement is a text based bet statement.

22. A wagering apparatus as defined in claim 19, further comprising an authorization module operatively coupled to the receiver, the authorization module being structured to receive a user name and a password associated with the first player account data.

24. A computer readable medium as defined in claim 23, wherein the software program is further structured to cause the computing device to display a plurality of bet statements and receive a selection identifying a particular bet statement from the plurality of bet statements.

25. A computer readable medium as defined in claim 23, wherein the software program is further structured to cause the computing device to receive a text based bet statement.

26. A computer readable medium as defined in claim 23, wherein the software program is further structured to cause the computing device to:

receive a first user identifier associated with the first player;

receive a first password associated with the first player;

receive a second user identifier associated with the second player; and

receive a second password associated with the second player.

27. A computer readable medium as defined in claim 23, wherein the software program is further structured to cause the computing device to:

receive a first credit card number associated with a first credit card account; and

charge the first credit card account in proportion to the first number of points.

28. A computer readable medium as defined in claim 27, wherein the software program is further structured to cause the computing device to:

receive a second credit card number associated with a second credit card account; and

credit the second credit card account in proportion to the first number of points.

29. A computer readable medium as defined in claim 23, wherein the software program is further structured to cause the computing device to receive a bet multiplier, wherein the first number of points is proportional to the bet multiplier.

14. A wagering apparatus comprising:

a keyboard;

a display;

a memory storing a software program, a first player account and a second player account; and

a processor operatively coupled to the keyboard, display, and memory, the processor being structured to execute the software program, the software program being structured to cause the processor to;

(i) present data on the display indicative of an amount associated with the first player account and an amount associated with the second player account;

(ii) receive a first risk percentage from the keyboard;

(iii) determine a second risk percentage such that the sum of the first risk percentage and the second risk percentage is equal to 100%;

(iv) receive scaling data indicative of at least one of a scaling type and a scaling factor;

(v) determine a first number of points based on the scaling data and the first risk percentage;

(vi) determine a second number of points based on the scaling data and the second risk percentage;

(vii) receive a position indicator from the keyboard, the position indicator identifying an association between the first player account and the first risk percentage;

(viii) receive an outcome indicator from the keyboard, the outcome indicator identifying the first risk percentage as a winning position;

(ix) subtract an amount from the second player account; and

(x) add the amount to the first player account.

19. A wagering apparatus structured for use via a computer network, the wagering apparatus comprising:

a transmitter operatively coupled to the computer network;

a receiver operatively coupled to the computer network;

a memory device;

an account manager operatively coupled to the transmitter, the receiver, and the memory device, the account manager being structured to store first player account data and second player account data in the memory device, the account manager being structured to retrieve the first player account data and the second player account data from the memory device, the account manager being structured to cause the transmitter to transmit the first player account data and the second player account data over the computer network;

a bet manager operatively coupled to the receiver, the memory device, and the account manager, the bet manager being structured to receive a first risk percentage from the receiver, the bet manager being structured to determine a second risk percentage such that the sum of the first risk percentage and the second risk percentage is substantially 100%, the bet manager being structured to store the first risk percentage and the second risk percentage in the memory device, the bet manager being structured to determine an amount based on a predetermined scaling algorithm, the bet manager being structured to receive a position indicator from the receiver, the position indicator identifying an association between the first player account data and the first risk percentage, the bet manager being structured to receive an outcome indicator from the receiver, the outcome indicator identifying the first risk percentage as a winning position, the bet manager being structured to cause the account manager to subtract the amount from the second player account and add the amount to the first player account in response to receiving the outcome indicator from the receiver.

23. A computer readable medium storing a software program, the software program being structured to cause a computing device to transfer points from a first player'"'"'s game account to a second players game account by performing the steps of:

receiving data indicative of a first odds number, the first odds number representing a percentage of risk determined by the first player;

determining a second odds number such that the sum of the first odds number added to the second odds number is equal to 100%;

receiving scaling data indicative of at least one of a scaling type and a scaling factor;

determining a first number of points based on the scaling data and the first odds number;

determining a second number of points based on the scaling data and the second odds number;

receiving a position indicator, the position indicator representing an association between the second player and only one of the first odds number and the second odds number, the position indicator being selected by the second player;

receiving an outcome indicator, the outcome indicator representing a winning position, the winning position being associated with only one of the first odds number and the second odds number;

subtracting the first number of points from a first game account associated with the first player and adding the first number of points to a second game account associated with the second player if the position indicator is associated with the second odds number and the winning position is associated with the second odds number.

30. A method of game accounting, the method comprising the steps of:

receiving data indicative of a first odds number, the first odds number representing a percentage of risk determined by a first player;

determining a second odds number such that the sum of the first odds number added to the second odds number is substantially equal to 100%;

receiving an initial wager amount;

scaling the initial wager amount to create a final wager amount;

receiving a position indicator, the position indicator representing an association between a second player and the second odds number, the position indicator being selected by the second player;

receiving an outcome indicator, the outcome indicator indicating a win for the second player; and

rewarding the second player with the final wager amount.

31. A method as defined in claim 30, further comprising the steps of displaying a plurality of text based bet statements and receiving a selection identifying a particular text based bet statement from the plurality of text based bet statements.

32. A method as defined in claim 31, wherein the step of receiving data indicative of a first odds number comprises the step of receiving a whole number percentage.

33. A method as defined in claim 31, further comprising the step of receiving a bet rankings, wherein the step of rewarding the second player comprises the step of rewarding the second player with a number of points, the number of points being a multiple of the bet ranking.

34. A method as defined in claim 31, further comprising the step of timing a player action and awarding points for fast play.

35. A method as defined in claim 31, further comprising the step of receiving a plurality of position indicators from a plurality of players, wherein at least two of the position indicators indicate the same side of a bet for two different players.