Event wagering with group and/or in run options

• US 8,905,832 B2
• Filed: 01/30/2013
• Issued: 12/09/2014
• Est. Priority Date: 01/30/2012
• Status: Active Grant

• Current Assignee: CFPH LLC (Cantor Fitzgerald, L.P.)
• Original Assignee: CFPH LLC (Cantor Fitzgerald, L.P.)
• Inventors: Miller, Kenneth L.
• Primary Examiner(s): Ahmed, Masud
• Application Number:
  US13/754,522
• Publication Number:
  US 20130196753A1
• Time in Patent Office: 678 Days
• Field of Search: 463 16- 42
• US Class Current: 463/16
• CPC Class Codes: A63F 9/14 Racing games, traffic games, or obstacle games characterised by figures moved by action of the players racing games using dice A63F3/00
• CPC Class Codes: G06Q 50/34 Betting or bookmaking, e.g. Internet betting
• CPC Class Codes: G07F 17/3244 Payment aspects of a gaming system, e.g. payment schemes, setting payout ratio, bonus or consolation prizes
• CPC Class Codes: G07F 17/3288 Betting, e.g. on live events, bookmaking

Abstract

Some embodiments include assigning each participant of a race to one of three groups, wherein based on odds one participant is deemed a favorite, one participant is deemed a long shot, and the remaining participants are deemed middle of the pack, wherein the favorite is assigned to a first one of the three groups, the long shot is assigned to a second one of the three groups, and the middle of pack are assigned to a third one of the three groups; receiving a wager on one of the three groups; receiving another wager on another of the three groups; determining which of the one or more groups is a winning group based on finishing positions of the participants at the designated point in the race; and facilitating a payment for the wagers made on the group determined to be the winning group.

Claims

1. An apparatus comprising:

a computing device; and

a non-transitory medium having stored thereon a plurality of instructions that when executed by the computing device cause the apparatus to;

assign participants of a race to respective groups of a set of three groups, wherein each of the participants has respective odds associated therewith of winning the race, wherein based on the odds a first one of the participants is deemed a favorite, a second one of the participants is deemed a long shot, and the remaining participants are deemed a middle of the pack, and wherein the favorite is assigned to a first group of the set of three groups, the long shot is assigned to a second group of the set of three groups, the middle of pack are assigned to a third group of the set of three groups, and there are at least two members of the middle of the pack;

receive a wager on the first one of the set of three groups, in which the wager wins if the favorite reaches a designated point in the race first;

receive another wager on the third one of the set of three groups, in which the another wager wins if any one of the middle of the pack reaches the designated point in the race first;

determine which one group of the set of three groups is a winning group based on at least one finishing position of at least one of the participants at the designated point in the race; and

facilitate payments for wagers made on the winning group in response to determining that the winning group is the winning group.

2. The apparatus of claim 1, in which the instructions, when executed, cause the apparatus to:

allocate the wager on the first one of the set of three groups and the another wager on the third one of the set of three groups to a single pari-mutual pool.

3. The apparatus of claim 1, wherein the first group is assigned a first color, the second group is assigned a second color, and the third group is assigned a third color.

4. The apparatus of claim 3, wherein players wager on one or more of the set of three groups by selecting one of the first, second, or third colors.

5. The apparatus of claim 3, wherein the first color is red, the second color is green, and the third color is black.

6. The apparatus of claim 3, wherein the instructions, when executed, cause the apparatus to:

receive a third wager that a sequence of the first, second, and third colors will be in a particular order at the designated point in the first race, and wherein the sequence of the first, second, and third colors is determined based on assigned group colors of the participants and the finishing positions of the participants at the designated point in the race.

7. The apparatus of claim 1, wherein the instructions, when executed, cause the apparatus to:

assign each of the participants of the race to one of a plurality groups separate from the set of three groups, wherein each of the participants is assigned a respective one of a consecutive sequence of numbers, the numbers beginning with one, and wherein participants of the race that are numbered 1 and 2 are assigned to a first of the plurality of groups, participants of the race that are numbered 3 and 4 are assigned to a second of the plurality of groups, and participants of the race that are numbered 5 and 6 are assigned to a third of the plurality of groups;

receive a third wager on one of the plurality of groups, in which the third wager wins if at least one participant in the one of the plurality of groups reaches a designated point in the race first;

receive a fourth wager on another of the plurality of groups, in which the fourth wager wins if at least one participant in the another of the plurality groups reaches the designated point in the race first.

8. The apparatus of claim 7, in which the instructions, when executed, cause the apparatus to:

allocate the wager on the first one of the set of three groups and the another wager on the third one of the set of three groups to a first pari-mutual pool; and

allocate the third wager on the one of the plurality of groups and the fourth wager on the of the plurality of groups to a second pari-mutual pool that is different from the first pari-mutual pool.

9. The apparatus of claim 1, in which the instructions, when executed, cause the apparatus to:

determine that the wager on the first one of the set of three groups should be allocated to a first pool based on receiving the wager on the first one of the set of three groups before a start of the race and determining that the wager on third one of the set of three groups should be allocated to second pool based on receiving the wager on the third one of the set of three groups after the start of the race.

10. An apparatus comprising:

a computing device; and

a non-transitory medium having stored thereon a plurality of instructions that when executed by the computing device cause the apparatus to;

open for a race a wagering window wherein the wagering window closes at some time during the race;

assign each participant of a plurality of participants of a race to one of two or more groups;

receive after a start of the race at least one wager on one of the two or more groups, in which the at least one wager wins if at least one respective participant of the one of the two or more groups reaches a designated point in the race first;

receive after the start of the race at least one other wager on another of the two or more groups, in which the at least one other wager wins if at least one respective participant of the other of the two or more groups reaches the designated point in the race first;

determine which of the two or more groups is a winning group based on at least one finishing position of at least one of the participants at the designated point in the race; and

facilitate payments for wagers made on the winning group in response to determining that the winning group is the winning group;

wherein each participant of the plurality of participants has respective odds associated therewith of winning the race, wherein based on the odds a first one of the participants is deemed a favorite, a second one of the participants is deemed a long shot, and the remaining participants are deemed a middle of the pack, and wherein the favorite is assigned to a first group of the two or more groups, the long shot is assigned to a second group of the two or more groups, the middle of pack are assigned to a third group of the two or more groups, and there are at least two members of the middle of the pack.

11. The apparatus of claim 10, in which the instructions, when executed, cause the apparatus to:

allocate the at least one wager on one of the two or more groups and the at least one other wager on the of the two or more groups to a single pari-mutual pool.

12. The apparatus of claim 10, wherein at least one of the at least one wager on the one of the two or more groups and the at least one other wager on the of the two or more groups are each a fixed odds wager.

13. The apparatus of claim 12, wherein the fixed odds on a respective group may change during the wagering window.

14. The apparatus of claim 10, in which the instructions, when executed, cause the apparatus to:

receive a selection of the race and at least one additional wager as part of at least one of a daily double wager and a select n wager.

15. The apparatus of claim 10, in which the instructions, when executed, cause the apparatus to:

determine that the at least one wager on the one of the two or more groups should be allocated to a first pool based on receiving the at least one wager on the one of the two or more groups before a start of the race and determining that the at least one other wager on the another of the two or more groups should be allocated to a second pool based on receiving the at least one wager on the of the two or more groups after the start of the race.

16. The apparatus of claim 10, wherein the first group is assigned a first color, the second group is assigned a second color, and the third group is assigned a third color.

17. An apparatus comprising:

open a pre-race wagering window for a first set of daily double wagers that involve race one and race two for a day in which race one and race two are different races during the day;

receive, at a first time after the pre-race wagering window is open and before race one begins, a first daily double wager on race one and race two for the day;

based on the first time being before race one begins, allocate the first daily double wager to a first pari-mutuel pool;

open an in-race wagering window for a second set of daily double wagers that involve race one and race two for the day;

receive, at a second time after race one begins, a second daily double wager on race one and race two for the day;

based on the second time being after race one for the day the second race begins, allocate the second daily double wager to a second pari-mutuel pool;

determine that the first daily double wager and the second daily double wager are wining wagers based on outcomes of race one and race two for the day; and

facilitate, in response to determining that the first daily double wager and the second daily double wager are winning wagers, a first payment for the first daily double wager from the first pari-mutuel pool based on the first daily double wager being allocated to the first pari-mutuel pool and a second payment for the second daily double wager from the second pari-mutuel pool based on the second daily double wager being allocated to the second pari-mutuel pool;

assign each participant of race one to one of a plurality of groups, wherein the first daily double wager includes a selection of a respective group of participants to win race one and the respective groups is one of the plurality of groups, and in which at least one group includes at least two participants,

wherein each participant of race one has respective odds associated therewith of winning, wherein based on the odds one participant is deemed a favorite, one participant is deemed a long shot, and the remaining participants are deemed a middle of the pack, and wherein the favorite is assigned to a first one of the plurality of groups, the long shot is assigned to a second one of the plurality of groups, the middle of pack are assigned to a third one of the plurality of groups, and there are at least two members of the middle of the pack.

18. The apparatus of claim 17, in which the instructions, when executed, cause the apparatus to:

close the in-race wagering window based on a participant of race one reaching a designated intermediate point of race one.

19. The apparatus of claim 17, in which the instructions, when executed, cause the apparatus to:

receive a selection of race one and race two for the day from among a plurality of available races for inclusion in the first daily double wager from a submitter of the first daily double wager and a receiving a selection of race one and race two for the day from among the plurality of available races for inclusion in the second daily double wager from a submitter of the second daily double wager, and in which both the first pari-mutuel pool and the second-pari-mutuel include wagers based on other races than race one and race two for the day.