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Self-service wagering system

  • US 4,322,612 A
  • Filed: 10/22/1979
  • Issued: 03/30/1982
  • Est. Priority Date: 10/22/1979
  • Status: Expired due to Term
First Claim
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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.

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