Wagering on intermediate points of a race event

• US 8,777,709 B2
• Filed: 06/04/2012
• Issued: 07/15/2014
• Est. Priority Date: 06/28/2004
• Status: Active Grant

• Current Assignee: CFPH LLC (Cantor Fitzgerald, L.P.)
• Original Assignee: CFPH LLC (Cantor Fitzgerald, L.P.)
• Inventors: Amaitis, Lee M., Asher, Joseph M.
• Primary Examiner(s): DEODHAR, OMKAR A
• Application Number:
  US13/488,413
• Publication Number:
  US 20120238336A1
• Time in Patent Office: 771 Days
• Field of Search: 463/6
• US Class Current: 463/6
• CPC Class Codes: G07F 17/32 for games, toys, sports, or amusements
• CPC Class Codes: G07F 17/3239 Tracking of individual players
• CPC Class Codes: G07F 17/3288 Betting, e.g. on live events, bookmaking

Abstract

A method of gaming, including receiving a determination of a particular race participant in a race event having a plurality of race participants. The method continues by determining a particular position of the particular race participant at each of a plurality of intermediate points within the race event. The method continues by determining a plurality of simulated playing cards based at least in part upon the determined positions of the particular race participant. The method concludes by determining an outcome of a game based at least in part upon the determined simulated playing cards.

Claims

1. A method, comprising the steps of:

receiving at a computerized betting system a bet on a race placed by a bettor, the race to be run on a track without physical obstacles, the bet having a wagered amount and one or more bet components, a bet component specifying a participant in the race, an intermediate point of the track, and a race performance characteristic, a bet component being a bet that the respective participant will reach the respective intermediate point at the respective race performance characteristic, the bet to pay based on whether the specified participants reach the specified intermediate points at the specified race performance characteristics;

receiving at the computerized betting system from one or more measuring devices at the track that are designed to measure the time or position of the respective participants at the respective intermediate points, intermediate race results measured by the device of actual race performance characteristics of race participants at that intermediate point; and

computing payout results for the bets based at least in part on the bettors'"'"' specified race performance characteristics of race participants, and the received intermediate race performance characteristics of the participants.

2. The method of claim 1, wherein:

at least one of the bet components specifies as its race performance characteristic a sequential place among the participants at which the specified participant reaches the specified intermediate point.

3. The method of claim 1, wherein:

at least one of the bet components specifies as its race performance characteristic an interval of time during which the specified participant is to reach the specified intermediate point.

4. The method of claim 1, wherein:

the bet includes at least one further bet components specifying at least on race performance characteristic for a specified participant at the finish of the race.

5. The method of claim 1, wherein:

the bet components specify race participants selected by the bettor.

6. The method of claim 1, wherein:

the bet components specify race participants selected by the computerized betting system.

7. The method of claim 6, wherein:

the bet components specify race participants selected by the computerized betting system randomly.

8. The method of claim 6, wherein:

the bet components specify race participants selected by the computerized betting system based at least in part on information from previous race events.

9. The method of claim 6, wherein:

the bet components specify race participants selected by the computerized betting system such that a potential payout for the bet is maximized.

10. The method of claim 1, wherein:

the bet components specify intermediate points selected by the bettor.

11. The method of claim 1, wherein:

the bet components specify intermediate points selected by the computerized betting system.

12. The method of claim 11, wherein:

the bet components specify intermediate points selected by the computerized betting system randomly.

13. The method of claim 11, wherein:

a plurality of the bet components specify a respective plurality of race performance characteristics at a respective plurality of intermediate points for the same race participant.

14. The method of claim 1, wherein:

the bet has a plurality of bet components, and the wagered amount is allocated among the bet components.

15. The method of claim 14, wherein:

the wagered amount is allocated in equal portions among the plurality of bet components.

16. The method of claim 14, wherein:

the wagered amount is allocated among the plurality of bet components in proportions specified by the bettor in input to the computerized betting system.

17. The method of claim 14, wherein:

the bet pays if and only if all bet components correctly designate the race performance characteristic actually achieved by the respective designated participant at the respective specified intermediate point.

18. The method of claim 14, wherein:

the bet pays if at least one of the bet components correctly designate the race performance characteristic actually achieved by the respective designated participant at the respective specified intermediate point.

19. The method of claim 14, wherein:

the bet pays in amounts varying with the number of bet components that correctly designate the race performance characteristic actually achieved by the respective designated participant at the respective specified intermediate point.

20. The method of claim 14, wherein:

the bet has three or more bet components.

21. The method of claim 1, further comprising the steps of:

presenting to a bettor a bet matrix, comprising a non-transitory input medium having arranged thereon a plurality of columns extending in a first direction and a plurality of rows extending in a direction perpendicular to the columns, at least some of the columns or rows of the bet matrix corresponding to intermediate points of a race event, the entries at intersections of rows and columns of the matrix being designed to receive designations of intermediate race performance characteristics for the bet components.

22. The method of claim 21, wherein:

betting rules of the betting system provide that the bet is a winning bet if winning bet components of the matrix lie in a pattern specified by the rules.

23. The method of claim 1, further comprising the step of:

in the event that no intermediate point bet on the race is a winning bet, carrying over the bet amounts to a future race as a jackpot for future payout.

24. A computerized betting system, being programmed to:

receive bets on a race from a user interface presented to bettors into the memory of one or more computers of the computerized betting system, the race to be run on a track without physical obstacles, the bets having a wagered amount and one or more bet components, a bet component specifying a participant in the race, an intermediate point of the track, and a race performance characteristic, a bet component being a bet that the respective participant will reach the respective intermediate point at the respective race performance characteristic, the bet to pay based on whether the specified participants reach the specified intermediate points at the specified race performance characteristics;

receive at the computerized betting system from one or more measuring devices at the track that are designed to measure the time or position of the respective participants at the respective intermediate points, intermediate race results to be measured by the device of actual race performance characteristics of race participants at that intermediate point; and

compute payout results for the bets based at least in part on the bettors'"'"' specified race performance characteristics of race participants, and the received intermediate race performance characteristics of the participants.

25. The computerized betting system of claim 24, being further programmed to:

receive as at least one of the bet components a specification of a race performance characteristic a sequential place among the participants at which the specified participant reaches the specified intermediate point.

26. The computerized betting system of claim 24, being further programmed to:

receive as at least one of the bet components a specification of a race performance characteristic an interval of time during which the specified participant is to reach the specified intermediate point.

27. The computerized betting system of claim 24, being further programmed to:

receive at least one further bet component specifying at least on race performance characteristic for a specified participant at the finish of the race.

28. The computerized betting system of claim 24, wherein:

the bet components specify race participants selected by the bettor.

29. The computerized betting system of claim 24, wherein:

the bet components specify race participants selected by the computerized betting system.

30. The computerized betting system of claim 29, wherein:

the bet components specify race participants selected by the computerized betting system randomly.

31. The computerized betting system of claim 29, wherein:

the bet components specify race participants selected by the computerized betting system based at least in part on information from previous race events.

32. The computerized betting system of claim 29, wherein:

the bet components specify race participants selected by the computerized betting system such that a potential payout for the bet is maximized.

33. The computerized betting system of claim 24, wherein:

the bet components specify intermediate points selected by the bettor.

34. The computerized betting system of claim 24, wherein:

the bet components specify intermediate points selected by the computerized betting system.

35. The computerized betting system of claim 34, wherein:

the bet components specify intermediate points selected by the computerized betting system randomly.

36. The computerized betting system of claim 34, wherein:

a plurality of the bet components specify a respective plurality of race performance characteristics at a respective plurality of intermediate points for the same race participant.

37. The computerized betting system of claim 24, wherein:

the bet has a plurality of bet components, and the wagered amount is allocated among the bet components.

38. The computerized betting system of claim 37, wherein:

the wagered amount is allocated in equal portions among the plurality of bet components.

39. The computerized betting system of claim 37, wherein:

the wagered amount is allocated among the plurality of bet components in proportions specified by the bettor in input to the computerized betting system.

40. The computerized betting system of claim 37, wherein:

the bet pays if and only if all bet components correctly designate the race performance characteristic actually achieved by the respective designated participant at the respective specified intermediate point.

41. The computerized betting system of claim 37, wherein:

the bet pays if at least one of the bet components correctly designate the race performance characteristic actually achieved by the respective designated participant at the respective specified intermediate point.

42. The computerized betting system of claim 37, wherein:

the bet pays in amounts varying with the number of bet components that correctly designate the race performance characteristic actually achieved by the respective designated participant at the respective specified intermediate point.

43. The computerized betting system of claim 37, wherein:

the bet has three or more bet components.

44. The computerized betting system of claim 24, further comprising the steps of:

presenting to a bettor a bet matrix, comprising a non-transitory input medium having arranged thereon a plurality of columns extending in a first direction and a plurality of rows extending in a direction perpendicular to the columns, at least some of the columns or rows of the bet matrix corresponding to intermediate points of a race event, the entries at intersections of rows and columns of the matrix being designed to receive designations of intermediate race performance characteristics for the bet components.

45. The computerized betting system of claim 44, wherein:

betting rules of the betting system provide that the bet is a winning bet if winning bet components of the matrix lie in a pattern specified by the rules.

46. The computerized betting system of claim 44, being further programmed to:

in the event that no intermediate point bet on the race is a winning bet, to carry over the bet amounts to a future race as a jackpot for future payout.