REAL TIME BETTING SYSTEM AND METHOD INCLUDING A JACKPOT FOR SHORT TIME INTERVAL EVENTS

• US 20140221063A1
• Filed: 02/01/2014
• Published: 08/07/2014
• Est. Priority Date: 02/03/2013
• Status: Active Grant

• Current Assignee: Novomatic AG
• Original Assignee: Novomatic AG
• Inventors: Zimmerl, Martin
• Granted Patent: US 9,858,761 B2
• Time in Patent Office: Days
• US Class Current: 463/6
• CPC Class Codes: G07F 17/3227 Configuring a gaming machine, e.g. downloading personal settings, selecting working parameters
• CPC Class Codes: G07F 17/3234 about the performance of a gaming system, e.g. revenue, diagnosis of the gaming system
• CPC Class Codes: G07F 17/3258 Cumulative reward schemes, e.g. jackpots
• CPC Class Codes: G07F 17/3288 Betting, e.g. on live events, bookmaking

Abstract

A real-time betting system includes an event control server enabled to communicate data via a network. The event control server communicates gaming event information to various system components and an event control database for collecting and storing event data. A real-time betting system server communicates in operative communication with the event control server and includes an odds transformation module for transforming probabilities to odds. The system has a bookmaker server and a plurality of betting devices in operative communication with the event control server. The real-time betting system server enables a jackpot payout possibility for each bet enabled by the bookmaker server. The betting devices receive event information, including odds. Bets placed at the betting devices are communicated to the bookmaker server. The events having a short time interval and are selectively communicated to the betting devices to enable bets to be placed.

Claims

1. A real-time betting system for enabling real-time betting on events with a short interval, comprising:

an event control server having memory, a processor in communication with the memory and a means for communicating data in operative communication with the processor to enable communication of data via a network;

the event control server includes an event control module for communicating event information to various system components and an event control database for collecting and storing event data;

a real-time betting system server in operative communication with the event control server, the event control server includes an odds transformation module for transforming probabilities related to event information into odds;

a bookmaker server in operative communication with the event control server for enabling bets;

the real-time betting system server enables a jackpot bet and payout possibility for each bet enabled by the bookmaker server;

a plurality of betting devices in communication with the bookmaker server for communicating bets to the bookmaker server, the plurality of betting devices being in operative communication with the real-time betting system server for receiving event information, and

wherein events having a short time interval, of preferably less than two minutes, are selectively communicated to the betting devices to enable bets to be placed.

2. The real-time betting system as set forth in claim 1, wherein events with a short time interval include events selected from the group consisting of:

slot car races, horse races, automotive races, dog races, sporting events, and segments of such events.

3. The real-time betting system as set forth in claim 2, wherein results for slot car races, include combination of a tricast bet on the first three places in combination suggested to the player by the real-time betting system server, the tricast bet being selectively modifiable by the betting devices.

4. The real-time betting system as set forth in claim 3, wherein tricast bet includes enabling a selection of a finish time of the winner by the betting devices, wherein the finish time has a maximum duration.

5. The real-time betting system as set forth in claim 2, wherein for slot car race events, the business probabilities include all winner probabilities and each exacta probabilities.

6. The real-time betting system as set forth in claim 1, wherein results for table soccer match events include the result 1/X/2, first goal and correct score.

7. The real-time betting system as set forth in claim 1, wherein each Real-time Betting System Server stores a custom hold percentage for each market where the betting devices are located.

8. The real-time betting system as set forth in claim 7, wherein the betting terminals include kiosk-style casino gaming machines.

9. The real-time betting system as set forth in claim 7, wherein the betting terminals include personal computing devices.

10. The real-time betting system as set forth in claim 8, wherein the betting terminals are programmed to enable players to enter bets directly to the system, and include a cash desk application for calculating winnings based on event result information received from the real-time betting system server, the cash desk application is enabled to processes payouts to players.

11. The real-time betting system as set forth in claim 7, wherein the betting terminals include personal computers, smart phones, and tablet computers utilizing software including a betting application and a virtual cash desk application.

12. The real-time betting system as set forth in claim 1, wherein the system communicates via the Internet.

13. A method for generation of probabilities and parameter calculation for a real-time betting system comprising the steps of:

providing a real-time betting system including;

an event control server and event control database;

a bookmaker server including a bookmaker database and a jackbet database;

a PION server for managing risk including a PION database and a risk analyzer database;

a real-time betting system server that enables communication with a plurality of betting terminals;

a plurality of betting terminals in operative communication with the real-time betting system server and the jackbet database of the bookmaker server;

identifying a real-time event with the event control server;

generating basic probabilities and sample data with the jackbet database;

calculating parameters communicating with the bookmaker server and utilizing the sample data;

modifying the parameters using a calculation core module;

calculating and delivering probabilities based on the modified parameters, and using the probabilities to generate odds that enable a payout including a jackpot payout.

14. The method as set forth in claim 13, wherein the method further comprises the steps of:

identifying for a new event before the probability generation,

calculating the probability for the occurrence of event based on the values defined on one side and on the activity on the terminals on the other side,

selecting the criterion of the samples for the calculation of the parameter used for the Jackbet by means of the calculation core module,

starting the calculation of the parameter used for the Jackbet,

generating the parameter to be used for the Jackbet,

applying transformation function for transforming the natural probabilities into the business probabilities,

delivering calculated parameter to the Jackbet Service,

delivering the parameter value to the betting terminals, and

the system proceeds to wait for next event.

15. The method as set forth in claim 14, wherein the event is a slot car race and the selected criterion is the finishing time range of the winning car.

16. The method as set forth in claim 15, wherein meaningful data for the cars are collected from the database for “

Layer 0”

based on historical event data, i.e. the most recent finishing times of the cars which attend the next race, including the steps of;

Configuring the relevant sample size and the allowing time period in the system settings,

Collecting historical finishing times of the cars for “

Layer 1”

, if there are not enough data to create a full sample, data from “

Layer 0”

are higher weighted than data from “

Layer 1”

,

Collecting independent data from any other cars which do not attend the next race, if there are still not enough data for a full sample, putting these data to “

Layer 1”

.

Collecting meaningful data of the most recent finishing times of the drivers which attend the next race from the database for “

Layer 0”

, configuring the relevant sample size and the allowed time period in the system settings,

Collecting historical finishing times of the drivers for “

Layer 1”

, if there are not enough data to create a full sample, weighing data from “

Layer 0”

higher than data from “

Layer 1”

.

Collecting independent data from any other drivers, which do not attend the next race, if there are still not enough data for a full sample, putting these data are to “

Layer 1”

.

17. The method as claimed in claim 16, wherein the calculation of the parameter used for the Jackbet includes the steps of:

Starting calculation based on Estimating Population Parameters from sample statistics,

estimating the population mean as Weighted means with regards to the used Layers,

calculating the Confidence Interval critical points under the given Confidence Level for a suitable distance,

adding the sample deviation dependent Margin of Errors added to the estimated mean.

18. The method as claimed in claim 17, wherein the commercial transformation of the parameters for slotcars is realized by set of functions depending on the holds trend analyzed by the RAL and activating the appropriate function, the function itself being defined by the following formula:

t_Trans=t_Calc+(N_Real−

N_Avg)*t_Handicap,

wherein;

t_Trans=Transformed value for the parameter,

t_calc=Calculated value for the parameter,

N_Real=Number of races since the last occurrence of a race,

N_Avg=Average number of races between two Races, and

t_Handicap=Value per race added to the calculated value.

19. The method as claimed in claim 19, wherein calculating the amount which goes into the Jackpot is based on the number of bets played in a certain interval, the method including splitting the amounts into three parts, the first part being the Main Jackpot which is about 80%, the second part being a Hidden Jackpot which is about 15%, and the third part being the hold of the operator which is about 5%.