REAL TIME BETTING SYSTEM AND METHOD INCLUDING A JACKPOT FOR SHORT TIME INTERVAL EVENTS
First Claim
1. A real-time betting system for enabling real-time betting on events with a short interval, comprising:
- an event control server having memory, a processor in communication with the memory and a means for communicating data in operative communication with the processor to enable communication of data via a network;
the event control server includes an event control module for communicating event information to various system components and an event control database for collecting and storing event data;
a real-time betting system server in operative communication with the event control server, the event control server includes an odds transformation module for transforming probabilities related to event information into odds;
a bookmaker server in operative communication with the event control server for enabling bets;
the real-time betting system server enables a jackpot bet and payout possibility for each bet enabled by the bookmaker server;
a plurality of betting devices in communication with the bookmaker server for communicating bets to the bookmaker server, the plurality of betting devices being in operative communication with the real-time betting system server for receiving event information, andwherein events having a short time interval, of preferably less than two minutes, are selectively communicated to the betting devices to enable bets to be placed.
1 Assignment
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Accused Products
Abstract
A real-time betting system includes an event control server enabled to communicate data via a network. The event control server communicates gaming event information to various system components and an event control database for collecting and storing event data. A real-time betting system server communicates in operative communication with the event control server and includes an odds transformation module for transforming probabilities to odds. The system has a bookmaker server and a plurality of betting devices in operative communication with the event control server. The real-time betting system server enables a jackpot payout possibility for each bet enabled by the bookmaker server. The betting devices receive event information, including odds. Bets placed at the betting devices are communicated to the bookmaker server. The events having a short time interval and are selectively communicated to the betting devices to enable bets to be placed.
6 Citations
19 Claims
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1. A real-time betting system for enabling real-time betting on events with a short interval, comprising:
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an event control server having memory, a processor in communication with the memory and a means for communicating data in operative communication with the processor to enable communication of data via a network; the event control server includes an event control module for communicating event information to various system components and an event control database for collecting and storing event data; a real-time betting system server in operative communication with the event control server, the event control server includes an odds transformation module for transforming probabilities related to event information into odds; a bookmaker server in operative communication with the event control server for enabling bets; the real-time betting system server enables a jackpot bet and payout possibility for each bet enabled by the bookmaker server; a plurality of betting devices in communication with the bookmaker server for communicating bets to the bookmaker server, the plurality of betting devices being in operative communication with the real-time betting system server for receiving event information, and wherein events having a short time interval, of preferably less than two minutes, are selectively communicated to the betting devices to enable bets to be placed. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A method for generation of probabilities and parameter calculation for a real-time betting system comprising the steps of:
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providing a real-time betting system including; an event control server and event control database; a bookmaker server including a bookmaker database and a jackbet database; a PION server for managing risk including a PION database and a risk analyzer database; a real-time betting system server that enables communication with a plurality of betting terminals; a plurality of betting terminals in operative communication with the real-time betting system server and the jackbet database of the bookmaker server; identifying a real-time event with the event control server; generating basic probabilities and sample data with the jackbet database; calculating parameters communicating with the bookmaker server and utilizing the sample data; modifying the parameters using a calculation core module; calculating and delivering probabilities based on the modified parameters, and using the probabilities to generate odds that enable a payout including a jackpot payout. - View Dependent Claims (14, 15, 16, 17, 18)
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19. The method as claimed in claim 19, wherein calculating the amount which goes into the Jackpot is based on the number of bets played in a certain interval, the method including splitting the amounts into three parts, the first part being the Main Jackpot which is about 80%, the second part being a Hidden Jackpot which is about 15%, and the third part being the hold of the operator which is about 5%.
Specification