Self-service wagering system
First Claim
1. A self-service wagering system of the type incorporating a means for storing the credit balance and information relating to an outstanding wager previously placed on a completed race, for each of a plurality of transactions, and means for obtaining information relating to the results of a completed race, the system being adapted to accept a previously issued ticket bearing a transaction identification code and a form upon which information relating to a proposed wager on an upcoming race may be entered by the ticket holder, the system comprising:
- means for reading the ticket to obtain the identification code and entered information, if any, relating to the proposed wager;
means for accessing the memory location corresponding to the read identification code to obtain stored credit balance and outstanding wager information, if any, for the identified transaction;
means for obtaining the results of the race corresponding to the outstanding wager;
means for comparing the outstanding wager information with the race results;
means for calculating the value of the outstanding wager;
means for adding said calculated value to the stored credit balance, to form an altered balance;
means for accepting the proposed wager, if any;
means for generating an identification code corresponding to said accepted wager;
means for subtracting, from said altered balance, the value of said accepted wager to form an updated credit balance;
means for storing, in a memory location corresponding to said identification code corresponding to said accepted wager, information concerning said updated credit balance and said accepted wager; and
means for issuing a ticket bearing the identification code corresponding to said accepted wager, an acknowledgement of said updated credit balance, an acknowledgement of said accepted wager, if any, and a form upon which may be entered information relating to a further proposed wager on a race to take place subsequent to the upcoming race.
3 Assignments
0 Petitions
Accused Products
Abstract
A single cash deposite may be used for multiple race/multiple day wagering. As a receipt for the deposit, a ticket, having a form upon which a proposed wager may be entered, is issued with a system-generated transaction identification code. The code corresponds to a memory location wherein information concerning credit balance and any outstanding wager is recorded for the transaction. To place a bet, the ticket form is filled in with proposed wager information. The ticket is then inserted into a terminal and read. The memory location corresponding to the code is accessed and any outstanding wager information contained therein is compared to the race results. If same coincide, indicating a winner, the value of the outstanding wager is calculated and added to the stored credit balance. The proposed wager is compared to possible valid wagers on the upcoming race and, if same coincide, the proposed wager is accepted, the value thereof is deducted to update the credit balance, the previous transaction is closed out, and a new code corresponding to the new transaction is assigned. Information concerning the accepted wager and the updated credit balance is stored in the memory as a new transaction record, at a location therein corresponding to the new code. The read ticket is retained and a new ticket is issued containing the new code, an acknowledgment of the credit balance, an acknowledgment of the accepted wager and a form upon which may be entered information relating to a further proposed wager on a subsequent race. Thus, outstanding wagers are paid, completed transactions closed out, proposed wagers accepted and recorded, credit balances updated and a receipt for same issued, all in a single confidential automatic operation.
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Citations
81 Claims
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1. A self-service wagering system of the type incorporating a means for storing the credit balance and information relating to an outstanding wager previously placed on a completed race, for each of a plurality of transactions, and means for obtaining information relating to the results of a completed race, the system being adapted to accept a previously issued ticket bearing a transaction identification code and a form upon which information relating to a proposed wager on an upcoming race may be entered by the ticket holder, the system comprising:
- means for reading the ticket to obtain the identification code and entered information, if any, relating to the proposed wager;
means for accessing the memory location corresponding to the read identification code to obtain stored credit balance and outstanding wager information, if any, for the identified transaction;
means for obtaining the results of the race corresponding to the outstanding wager;
means for comparing the outstanding wager information with the race results;
means for calculating the value of the outstanding wager;
means for adding said calculated value to the stored credit balance, to form an altered balance;
means for accepting the proposed wager, if any;
means for generating an identification code corresponding to said accepted wager;
means for subtracting, from said altered balance, the value of said accepted wager to form an updated credit balance;
means for storing, in a memory location corresponding to said identification code corresponding to said accepted wager, information concerning said updated credit balance and said accepted wager; and
means for issuing a ticket bearing the identification code corresponding to said accepted wager, an acknowledgement of said updated credit balance, an acknowledgement of said accepted wager, if any, and a form upon which may be entered information relating to a further proposed wager on a race to take place subsequent to the upcoming race. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24)
- means for reading the ticket to obtain the identification code and entered information, if any, relating to the proposed wager;
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25. A wagering method for use in conjunction with a system capable of storing the credit balance and information relating to an outstanding wager, if any, previously placed on a completed race, for each of a plurality of transactions, and having access to information relating to the results of a completed race, the system being adapted to accept a previously issued ticket bearing an identification code and a form upon which information relating to a proposed wager on the upcoming race may be entered by a ticket holder, the method comprising the steps of:
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(a) reading the identification code and entered information relating to the proposed wager, if present; (b) accessing the storage location corresponding to the read identification code to obtain stored credit balance and outstanding wager information pertaining to the transaction corresponding to the read identification code, if any; (c) obtaining information corresponding to the results of the race to which the outstanding wager pertains; (d) comparing the outstanding wager information with the results of the race; (e) calculating the value of the outstanding wager; (f) adding the calculated value to the credit balance to form an altered balance; (g) accepting the proposed wager, if any; (h) assigning an identification code corresponding to the accepted wager; (i) subtracting, from the altered balance, the value of the accepted wager to form an updated balance; and (j) issuing a ticket bearing the identification code corresponding to the accepted wager, an acknowledgment of the updated balance, an acknowledgment of the accepted wager and a form upon which may be entered information relating to a further proposed wager on a race subsequent to the upcoming race. - View Dependent Claims (26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44)
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45. A self-service wagering system of the type having access to the race results of a completed race, and adapted to accept a ticket containing information concerning a credit balance, an outstanding wager on the completed race and a proposed wager on an upcoming race, if any, said system comprising means for reading the ticket to obtain the information entered thereon;
- means for obtaining the race results;
means for comparing the read outstanding wager information with the race results;
means for calculating the value of the outstanding wager;
means for accepting the proposed wager, if any, means for adding the calculated value of the outstanding wager; and
means for subtracting, from the read credit balance, the value of the accepted wager, to form an updated credit balance and means for issuing a new ticket bearing said updated credit balance and accepted wager information and a form upon which may be entered information relating to a further proposed wager. - View Dependent Claims (46, 47, 48, 49, 50)
- means for obtaining the race results;
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51. A wagering method for use in conjunction with a system having access to information pertaining to the results of a completed race and being adapted to accept a previously issued ticket bearing information relating to a credit balance, an outstanding wager for the completed race and a proposed wager for an upcoming race, if any, the method comprising the steps of:
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(a) reading the information from the ticket; (b) accessing the race results information to obtain the results of the completed race; (c) comparing the read outstanding wager information with said race results; (d) calculating the value of the outstanding wager; (e) accepting the proposed wager, if any; (f) adding the calculated value and subtracting the value of the accepted wager from the read credit balance to form an updated credit balance; (g) issuing a ticket bearing machine-readable credit balance and accepted wager information, and a form upon which may be entered information relating to a further proposed wager. - View Dependent Claims (52, 53, 54, 55, 56, 57, 58, 59)
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60. A self-service wagering system of the type incorporating a memory having a plurality of storage locations, each of which is capable of storing the credit balance and information relating to an outstanding wager previously placed on a completed race, for one of a plurality of ticket transactions and having access to information relating to the results of said completed race, the system being adapted to accept a previously issued ticket bearing an identification code and a form upon which information relating to a proposed wager on an upcoming race may be entered, the system comprising means for accessing each storage location, in sequence, after the completion of said race;
- means for comparing the outstanding wager information from the accessed location with the race results to determine whether same coincide;
means for calculating the value of the outstanding wager from the accessed location;
means for altering the stored credit balance from each accessed location by adding said calculated value to said credit balance stored therein;
means for reading the ticket to obtain the identification code and entered information, if any, relating to the proposed wager;
means for accessing the storage location corresponding to the read identification code to obtain the altered credit balance stored therein;
means for accepting the proposed wager, if any;
means for generating an identification code corresponding to said accepted wager;
means for subtracting, from the altered balance, the value of the accepted wager, to form an updated credit balance;
means for storing, in a storage location corresponding to said generated identification code, information concerning the updated balance and accepted wager; and
means for issuing a ticket bearing said generated identification code, an acknowledgment of the updated credit balance, an acknowledgment of the accepted wager, if any, and a form upon which may be entered information relating to a further proposed wager on a race to take place subsequent to the upcoming race. - View Dependent Claims (61, 62, 63, 64, 65, 66, 67, 68, 69, 70)
- means for comparing the outstanding wager information from the accessed location with the race results to determine whether same coincide;
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71. A wagering method for use in conjunction with a system incorporating a memory having a plurality of storage locations, each of which contains the credit balance and information relating to an outstanding wager, if any, previously placed on a completed race, for one of a plurality of transactions, and having access to information relating to the results of the completed race, the system being adapted to accept a previously issued ticket bearing a machine-readable identification code and a form upon which machine-readable information relating to a proposed wager on the upcoming race may be entered by a ticket holder, the method comprising the steps of:
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(a) scanning the memory to determine which outstanding wagers stored therein coincide with the race results, calculating the value of each wager which is determined to coincide, adding the respective calculated values to the stored credit balances at each location containing a coinciding outstanding wager, so as to form an altered balance for each; (b) reading the identification code and entered information relating to the proposed wager, if present; (c) accessing the memory location corresponding to the read identification code to obtain the altered credit balance stored thereat; (d) accepting the proposed wager, if any; (e) assigning an identification code corresponding to the accepted wager; (f) subtracting, from the stored altered balance, the value of the accepted wager to form an updated balance; and
,(g) issuing a ticket bearing the identification code corresponding to the accepted wager, an acknowledgment of the updated balance, an acknowledgment of the accepted wager and a form upon which may be entered information relating to a further proposed wager on a race subsequent to the upcoming race. - View Dependent Claims (72, 73, 74, 75, 76, 77, 78, 79, 80, 81)
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Specification