Method and system for placing a wager on a pari-mutuel event

• US 20120276989A1
• Filed: 06/29/2012
• Published: 11/01/2012
• Est. Priority Date: 12/04/2008
• Status: Active Grant

• Current Assignee: Anthony L. Fontaine, Michael Staw
• Original Assignee: Anthony L. Fontaine, Michael Staw
• Inventors: Fontaine, Anthony L., Staw, Michael
• Granted Patent: US 9,251,547 B2
• Time in Patent Office: Days
• US Class Current: 463/28
• 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 17/3225 Data transfer within a gaming system, e.g. data sent between gaming machines and users
• CPC Class Codes: G07F 17/3258 Cumulative reward schemes, e.g. jackpots
• CPC Class Codes: G07F 17/3288 Betting, e.g. on live events, bookmaking

Abstract

A method and system is provided to permit placing a wager on a pari-mutuel event in which expert handicapper'"'"'s prognoses are displayed to a player to permit them to formulate either simple or complicated exotic wagers, and to be able to aggregate a wager with those of other players to satisfy wagering minimums.

Claims

1. A system that provides a player with the ability to place a wager at less than the full price of the wager as required by a pari-mutuel facility accepting the wager, comprising:

a unit for electronically aggregating the wagers of multiple players at a system interface such that the aggregate wager meets a minimum wager;

a module for electronically placing the aggregate wager as a single wager with a pari-mutuel facility; and

,

a distributor for proportionately distributing the proceeds derived from the aggregate wager among the multiple players.

2. A system for placing a wager, comprising:

a display for presenting an individual as a single wagering opportunity the outcome of a wager involving more than one horse within a single race, that will yield a return on the wager;

an aggregator for aggregating wagers from multiple players that would be less than the acceptable wager amount as required by a track for placement; and

,

a wager placing unit for placing the wagers so as to provide players with the ability to place wagers in various denominations where previously they would not have been accepted.

3. The system of claim 2 wherein said display presents an individual a single wagering opportunity for an exotic wager involving one or more horses over a span of two or more races at the same racetrack.

4. The system of claim 2, wherein said display presents said individual a single wagering opportunity for an exotic wager, with the outcome of the exotic wager involving one or more horses over a span of two or more races at the same racetrack in conjunction with the outcome of a wager involving one horse or more than one horse within a single race at the same racetrack.

5. The system of claim 2, wherein said display presents said individual a single wagering opportunity for an exotic wager involving one or more horses over a span of two or more races at the same racetrack in conjunction with the outcome of a wager involving one or more than one horse within a single race at a different racetrack

6. The system of claim 2, and further including a racetrack totalisator for obtaining wagering information via a totalisator interface.

7. The system of claim 2, wherein said display displays the probability of success for each of the wagering opportunities.

8. The system of claim 2, and further including a system interface for entering simple and exotic wagers for display to said individual as a single wager.

9. The system of claim 2, and further including at least one database.

10. The system of claim 2, and further including a communications network for placing said wager.

11. The system of claim 10, wherein the communications network includes the Internet.

12. The system of claim 8, and further including a system interface that automatically calculates and displays the minimum wager accepted by the track applicable to a predefined wager amount.

13. The system of claim 2, and further including a system interface and wherein partial wager costs for each wager are calculated by said system interface and are displayed to said individual.

14. The system of claim 2, wherein the anticipated partial wager amount payout for each wager is calculated by a system interface and indicated to said individual based upon the partial or incremental wager amount.

15. The system of claim 2, wherein said aggregator aggregates partial wagers into a total wager amount.

16. The system of claim 2, and further including an Advance Deposit Wagering operator that maintains an account and wherein said account is accessed to augment the aggregated partial wagers in order to fulfill the minimum wager amount required by a racetrack operator to accept the wager.

17. The system of claim 2, and further including a network for interfacing to a computerized pari-mutuel wagering system supporting Advance Deposit Wagering.

18. The system of claim 2, and further including a pari-mutuel wagering system into which a wager is placed, said pari-mutuel wagering system accepting the proceeds of successful wagers.

19. The system of claim 16, and further including a distributor for distributing the proceeds of successful wagers to players in an account maintained by said Advance Deposit Wagering operator.