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Managing risk associated with betting transactions

  • US 8,498,924 B2
  • Filed: 08/08/2011
  • Issued: 07/30/2013
  • Est. Priority Date: 05/15/2003
  • Status: Active Grant
First Claim
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1. A method comprising:

  • receiving by at least one processor from a first user a first order, wherein the first order comprises a bet on a sporting event, and wherein the first user has an associated account;

    receiving by the at least one processor from the first user a second order, wherein the second order comprises another bet, and comprises or defines a wager amount;

    receiving by the at least one processor from a second user an order, the second user'"'"'s order comprising a bet on the sporting event;

    matching by the at least one processor the first user'"'"'s first order with the second user'"'"'s order;

    based at least in part on matching the first user'"'"'s first order with the second user'"'"'s order, adjusting by the at least one processor at least one balance associated with the account,based at least in part on adjusting the at least one balance, automatically reducing by the at least one processor the wager amount of the first user'"'"'s second order.

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