System and method for managing select five horseracing bets
First Claim
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1. A method for managing horseracing bets, comprising:
- receiving one or more bets, each bet comprising;
a selection of five horse races selected from a plurality of horse races scheduled to be run at a track in a day;
a selection of a respective horse for each of the five horse races selected; and
a bet amount;
combining each bet amount to form a betting pool; and
determining an amount of a total payout for the day based at least in part on the betting pool.
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Abstract
A method for managing horseracing bets is provided. The method includes receiving one or more bets. Each bet comprises a selection of five horse races selected from a plurality of horse races scheduled to be run at a track in a day, a selection of a respective horse for each of the five horse races selected and a bet amount. The method also includes combining each bet amount to form a betting pool and determining an amount of a total payout for the day based at least in part on the betting pool.
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Citations
20 Claims
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1. A method for managing horseracing bets, comprising:
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receiving one or more bets, each bet comprising;
a selection of five horse races selected from a plurality of horse races scheduled to be run at a track in a day;
a selection of a respective horse for each of the five horse races selected; and
a bet amount;
combining each bet amount to form a betting pool; and
determining an amount of a total payout for the day based at least in part on the betting pool. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A system for managing horseracing bets, comprising:
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a memory operable to store one or more bets, each bet comprising;
a selection of five horse races selected from a plurality of horse races scheduled to be run at a track in a day;
a selection of a respective horse for each of the five horse races selected; and
a bet amount; and
a processor coupled to the memory, the processor operable to;
combine each bet amount to form a betting pool; and
determine an amount of a total payout for the day based at least in part on the betting pool. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18)
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19. A method for managing horseracing bets, comprising:
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receiving one or more bets, each bet comprising;
a selection of five horse races selected from a plurality of horse races scheduled to be run at a track in a day;
a selection of a respective horse for each of the five horse races selected; and
a bet amount;
combining each bet amount to form a betting pool;
determining an amount of a total payout for the day based at least in part on the betting pool;
receiving results of the plurality of horse races scheduled to be run, the results identifying a winning horse for each of the plurality of horse races scheduled to be run;
determining one or more winning bets of the one or more bets by determining for each of the one or more bets if each selected respective horse corresponds to the winning horse for each of the five horse races selected in the bet; and
determining an amount to be paid for each winning bet based on the number of winning bets, the amount of the total payout and the bet amount of each winning bet. - View Dependent Claims (20)
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Specification