Methods and systems for betting with pari-mutuel payouts

  • US 20080113816A1
  • Filed: 11/29/2007
  • Published: 05/15/2008
  • Est. Priority Date: 03/02/2006
  • Status: Active Grant
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First Claim
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1. A server for facilitating real-time betting, wherein the server communicates with clients via a distributed computing network, and wherein the server comprises:

  • (a) a memory storing an operating system, an instruction set, event data related to a sporting event, gambler data related to gamblers participating in a competition based upon the sporting event and site data related to electronic pages associated with the real-time para-mutuel betting; and

    (b) a processor for running the instruction set, the processor being in communication with the memory and the distributed computing network, wherein the processor is operative to;

    (i) enroll the gamblers by presenting betting rules associated with the sporting event;

    (ii) collect wagering from the gamblers;

    (iii) accept predictions for discrete events within the sporting event from each gambler;

    (iv) assign point values for each discrete event;

    (v) credit and total the corresponding point value to gamblers for each correct prediction; and

    (vi) determine a first winner of the competition based upon the point totals.

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