ONLINE GAMING SYSTEMS AND METHODS

• US 20120034961A1
• Filed: 02/15/2011
• Published: 02/09/2012
• Est. Priority Date: 08/03/2010
• Status: Active Grant

• Current Assignee: Street Heats LLC
• Original Assignee: Street Heats LLC
• Inventors: Berman, Robert Alan, Ferrando, Stephen, Taylor, Richard, Whiteford, Leslie, Lilien, Jarrett
• Granted Patent: US 8,556,693 B2
• Time in Patent Office: Days
• US Class Current: 463/6
• CPC Class Codes: G07F 17/3288 Betting, e.g. on live events, bookmaking

Abstract

Computer implemented gaming methods are provided that include the identifying a plurality of securities to participate in a race; computing odds at an open of the race for at least one type of bet for each of the plurality of the identified securities; publishing using at least one computing device details of the race; generating a visualization of the race, the visualization comprising a plurality of participants each representing an identified security; determining a price of each of the plurality of securities at a start of the race and at least once during a running of the race; and updating the visualization of the race to reflect a change in the price of at least one of the securities in the race.

Claims

1. A computer implemented method comprising:

identifying a plurality of securities to participate in a race;

computing odds at an open of the race for at least one type of bet for each of the plurality of the identified securities;

publishing using at least one computing device details of the race;

generating a visualization of the race, using the at least one computing device, the visualization comprising a plurality of participants each representing an identified security;

determining a price of each of the plurality of securities at a start of the race and at least once during a running of the race; and

updating the visualization of the race, using the at least one computing device, to reflect a change in the price of at least one of the securities in the race.

2. The method of claim 1, wherein each of the participants in the visualization is depicted as a horse.

3. The method of claim 1, wherein the securities are identified based on at least one of sector, market capitalization, percentage change over a period of time, Beta, average volume, and volatility of the securities

4. The method of claim 1, wherein computing odds at the open of the race comprises running a plurality of races based on historic market data associated with the selected securities.

5. The method of claim 4, wherein computing odds at the open of the race further comprises determining at least one winner of each of the historic races based on a relative change in a price of the securities at a start and at an end of the historic races.

6. The method of claim 1, wherein publishing the race comprises causing at least one interface screen to be displayed at a client coupled to the at least one computing device over a network, the at least on interface screen comprising the details of the race.

7. The method of claim 6, wherein publishing the race comprises causing at least one interface screen to be displayed at each of a plurality of client devices, each client device associated with one of a plurality of users having disparate levels of access comprising a gaming access level and a fantasy access level, wherein the gaming access level allows users to place bets on at least one participant of the race using real currency and wherein the fantasy access level allows users to place bets on at least one participant of the race using non-currency gaming units.

8. The method of claim 7, comprising receiving at least one bet from at least one of the users, the bet comprising an identification of a type of bet and a participant of the race.

9. The method of claim 1, comprising receiving a selection of an identified security from at least one client device coupled to the at least one computing device over a network, receiving at least one bet on the selected security from a user of the at least one client device, and updating the odds for at least one type of bet for each of the plurality of the identified securities based on the at least one bet received.

10. The method of claim 1, wherein generating a visualization of the race comprises generating an animation of the identified plurality of securities running in a race and wherein updating the visualization of the race comprises dividing a duration of the race into a pre-determined number of intervals, dividing a track length into a corresponding number of intervals, and determining a relative movement of each of the securities in the race for at least one of the time intervals, and wherein updating the visualization of the race comprises updating the animation of the identified securities running the race to show the relative movement of each of the securities in at least one of the track length intervals.

11. The method of claim 10, wherein determining a relative movement of each of the securities in the race for at least one of the time intervals comprises calculating for each security a percentage price movement from an end of a previous time interval, normalizing each of the percentage price movements so that a lowest performing security has a normalized percentage price movement of at least 0%, and calculating relative movement of each security as a percentage of the at least one of the track length intervals of.

12. A computer system comprising at least one computing device coupled to at least one client device over a network, the at least one computing device having software associated therewith that when executed causes the at least one computing device to perform a method comprising:

computing odds at an open of the race for at least one type of bet for each of the plurality of securities identified to participate in a race;

publishing details of the race;

generating a visualization of the race, the visualization comprising a plurality of participants each representing an identified security;

determining a price of each of the plurality of securities at a start of the race and at least once during a running of the race; and

updating the visualization of the race to reflect a change in the price of at least one of the securities in the race.

13. The system of claim 12, wherein each of the participants in the visualization is depicted as a horse.

14. The system of claim 12, wherein the securities are identified based on at least one of sector, market capitalization, percentage change over a period of time, Beta, average volume, and volatility of the securities

15. The system of claim 12, wherein computing odds at the open of the race comprises running a plurality of races based on historic market data associated with the selected securities.

16. The system of claim 15, wherein computing odds at the opening of the race further comprises determining at least one winner of each of the historic races based on a relative change in a price of the securities at a start and at an end of the historic races.

17. The system of claim 12, wherein publishing the race comprises causing at least one interface screen to be displayed at a client, the at least on interface screen comprising the details of the race.

18. The system of claim 17, wherein publishing the race comprises causing at least one interface screen to be displayed at each of a plurality of client devices, each associated with one of a plurality of users having disparate levels of access comprising a gaming access level and a fantasy access level, wherein the gaming access level allows users to place bets on at least one participant of the race using real currency and wherein the fantasy access level allows users to place bets on at least one participant of the race using non-currency gaming units.

19. The system of claim 18, the method comprising receiving at least one bet from at least one of the users, the bet comprising an identification of a type of bet and a participant of the race.

20. The system of claim 12, the method comprising receiving a selection of an identified security from at least one client device coupled to the at least one computing device over a network and receiving at least one bet on the selected security from a user of the at least one client device and updating the odds for at least one type of bet for each of the plurality of the identified securities based on the at least one bet received.

21. The system of claim 12, wherein generating a visualization of the race comprises generating an animation of the identified plurality of securities running in a race and wherein updating the visualization of the race comprises dividing a duration of the race into a pre-determined number of intervals, dividing a track length into a corresponding number of intervals, and determining a relative movement of each of the securities in the race for at least one of the time intervals, and wherein updating the visualization of the race comprises updating the animation of the identified securities running the race to show the relative moment of each of the securities in at least one of the track length intervals.

22. The system of claim 21, wherein determining a relative movement of each of the securities in the race for at least one of the time intervals comprises calculating for each security a percentage price movement from an end of a previous time interval, normalizing each of the percentage price movements so that a lowest performing security has a normalize percentage price movement of at least 0%, and calculating relative movement of each security as a percentage of at least one of the track length intervals.