IN-RUNNING WAGERING SYSTEM

• US 20080139316A1
• Filed: 12/10/2006
• Published: 06/12/2008
• Est. Priority Date: 12/10/2006
• Status: Abandoned Application

• Current Assignee: Min He, Wen Xin
• Original Assignee: Min He, Wen Xin
• Inventors: He, Min, Wen, Xin
• Application Number:
  US11/608,841
• Publication Number:
  US 20080139316A1
• Time in Patent Office: Days
• US Class Current: 463/42
• CPC Class Codes: G06Q 10/00 Administration; Management
• CPC Class Codes: G06Q 50/34 Betting or bookmaking, e.g. Internet betting
• 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

A system for providing in-running wagering includes a communication system that can receive a plurality of wagers placed on racing animals competing in a race and a computer system in communication with the communication system. The plurality of wagers can be placed during the race. The computer processor can compute winning odds for the plurality of wagers in accordance with the plurality of wagers received by the communication system.

Claims

1. A system for providing in-running wagering, comprising:

a communication system configured to receive a plurality of wagers placed on racing animals competing in a race, wherein the plurality of wagers are placed during the race; and

a computer system in communication with the communication system, wherein the computer processor is configured to compute winning odds for the plurality of wagers in accordance with the plurality of wagers received by the communication system.

2. The system of claim 1, wherein the communication system is configured to receive the plurality of wagers in wireless signals from a plurality of computer devices.

3. The system of claim 1, wherein the communication system is configured to send the winning odds to a plurality of computer devices.

4. The system of claim 3, wherein the winning odds are sent to a plurality of computer devices by the communication system in wireless signals.

5. The system of claim 1, wherein the computer system is configured to store the plurality of wagers in user accounts associated with a plurality of players that placed the wagers.

6. The system of claim 1, further comprising a measurement system configured to measure positions of the racing animals during the race and to communicate the positions of the racing animals to a remote computer device or the communication system.

7. The system of claim 6, wherein the measurement system comprises:

a location sensor to be carried by a racing animal in a race track, wherein the location sensor is configured to determine a location of the racing animal.

8. The system of claim 7, wherein the measurement system further comprises a transmitter coupled to the location sensor, wherein the transmitter is configured to transmit a first wireless signal comprising the location of the racing animal to the remote computer device or the communication system.

9. The system of claim 7, wherein the measurement system or the computer system is configured to compute a position of the racing animal in the race track in response to the location of the racing animal.

10. The system of claim 7, wherein the location sensor is configured to receive one or more second wireless signals from a geo position system (GPS) and to determine the location of the racing animal in response to the one or more second wireless signals.

11. The system of claim 1, wherein the computer processor is configured to separate the race into a plurality of time segments and the communication system is configured to receive the plurality of wagers in the plurality of time segments during a race, and wherein the computer processor is configured to compute the winning odds for the one of the plurality of time segments using wagers placed in the one of the plurality of time segments.

12. The system of claim 11, wherein the computer processor is configured to compute the winning odds for the one of the plurality of time segments based on pari-mutuel principle.

13. A method for enabling in-running wagering, comprising:

receiving a plurality of wagers placed on racing animals competing in a race, wherein the plurality of wagers are placed during the race; and

computing winning odds for the plurality of wagers in accordance with the plurality of wagers.

14. The method of claim 13, further comprising receiving the plurality of wagers in wireless signals from a plurality of computer devices.

15. The method of claim 13, further comprising sending the winning odds to a plurality of computer devices.

16. The method of claim 15, further comprising sending the winning odds to the plurality of computer devices in wireless signals.

17. The method of claim 13, further comprising storing the plurality of wagers in user accounts associated with a plurality of players that placed the wagers.

18. The method of claim 13, further comprising:

measuring positions of the racing animals during the race, and

communicating the positions of the racing animals to the communication system or a remote computer device.

19. The method of claim 18, further comprising entering a wager by a player in accordance with the positions of the racing animals during the race.

20. The method of claim 18, further comprising sending the location or the position of the racing animal to the remote computer device or the communication system.

21. The method of claim 18, further comprising:

carrying a location sensor by one of the racing animals in a race track;

determining a location of the one of the racing animals using the location sensor; and

computing a position of the one of the racing animals in the race track.

22. The method of claim 21, further comprising:

receiving one or more second wireless signals from a geo position system (GPS) by the location sensor; and

determining the location of the racing animal in response to the one or more second wireless signals.

23. The method of claim 13, further comprising:

separating a race into a plurality of time segments;

receiving the plurality of wagers in the plurality of time segments; and

computing the winning odds for the one of the plurality of time segments using wagers placed in the one of the plurality of time segments.

24. The method of claim 23, wherein the winning odds for the one of the plurality of time segments is computed based on pari-mutuel principle.