SYSTEM AND METHOD FOR PEER TO PEER RACE AND SPORTS WAGER EXCHANGE
First Claim
1. A wager exchange system for one or more race or sporting events comprising:
- one or more communication devices configured to receive an exchange request from one or more first bettors, wherein the exchange request comprises wager information identifying a wager on the one or more race or sporting events and a requested amount for the wager;
one or more storage devices configured to store the wager information and a plurality of bettor accounts, wherein the wager information is associated with a first bettor account of the plurality of bettor accounts; and
one or more controllers configured to associate the wager information with a second bettor account of the plurality of bettor accounts after receipt of an acceptance message for the exchange request from one or more second bettors;
wherein the one or more controllers electronically transfer funds from the one or more second bettors to the one or more first bettors after receipt of the acceptance message.
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Accused Products
Abstract
A peer to peer wager exchange system allows wagers on race and sporting events to be exchanged between bettors. A wager exchange server may be provided to facilitate wager exchanges by accepting exchange requests and acceptances. Exchange requests may be published or otherwise distributed to bettors that may be interested in the wagers identified in the exchange requests. Upon acceptance, the system may assign a wager from the requesting bettor to the accepting bettor and transfer payment from the accepting bettor to the requesting bettor. When a final determining event occurs at the race or sporting event, a payout may be provided to the accepting bettor if the wager is a winning wager.
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Citations
20 Claims
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1. A wager exchange system for one or more race or sporting events comprising:
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one or more communication devices configured to receive an exchange request from one or more first bettors, wherein the exchange request comprises wager information identifying a wager on the one or more race or sporting events and a requested amount for the wager; one or more storage devices configured to store the wager information and a plurality of bettor accounts, wherein the wager information is associated with a first bettor account of the plurality of bettor accounts; and one or more controllers configured to associate the wager information with a second bettor account of the plurality of bettor accounts after receipt of an acceptance message for the exchange request from one or more second bettors; wherein the one or more controllers electronically transfer funds from the one or more second bettors to the one or more first bettors after receipt of the acceptance message. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A peer to peer wager exchange system for race or sporting events comprising:
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one or more wager booking servers configured to accept one or more wagers on race or sporting events from bettors; one or more first terminals configured to transmit one or more exchange requests from one or more requesting bettors, each of the one or more exchange requests identifying one of the one or more wagers and a requested amount; one or more second terminals configured to transmit one or more acceptance messages from one or more accepting bettors in response to the one or more exchange requests; and a wager exchange server configured to; receive the one or more exchange requests; receive the one or more acceptance messages; and assign the wager identified in the one or more exchange requests to the one or more accepting bettors. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. A method of exchanging wagers with a peer to peer wager exchange system comprising:
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receiving a wager from a first bettor, wherein the wager is one selected from the group consisting of a multi-leg wager on a set of races and a wager on a sporting event; after a first portion of the set of races or sporting event is complete, receiving an exchange request from the first bettor, the exchange request including a requested amount for the wager; transmitting a notification to one or more second bettors identifying the wager and the requested amount in the exchange request; receiving an acceptance message from one of the one or more second bettors; assigning the wager from the first bettor to the second bettor from which the acceptance message was received; and transferring payment of at least the requested amount from an account of the second bettor to an account of the first bettor. - View Dependent Claims (16, 17, 18, 19, 20)
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Specification