Systems and methods for placing parimutuel wagers on future events

• US 7,454,380 B2
• Filed: 04/02/2001
• Issued: 11/18/2008
• Est. Priority Date: 04/05/2000
• Status: Active Grant

• Current Assignee: ODS Properties Incorporated (Adeia Inc.)
• Original Assignee: ODS Properties Incorporated (Adeia Inc.)
• Inventors: Thomas, William L., Garahi, Masood, Marshall, Connie T., McNutt, Richard E., Hindman, John, Oldham, James D., Stimmel, Eric F., Thomas, Jay D., Ramsey, Douglas V.
• Primary Examiner(s): Nguyen; Nga B.
• Application Number:
  US09/825,537
• Publication Number:
  US 20010047291A1
• Time in Patent Office: 2,787 Days
• Field of Search: 705/26, 705/27, 705/37, 463/16, 463/22, 463/25, 463/28, 463/40, 463/42, 463/26
• US Class Current: 705/37
• CPC Class Codes: G06Q 10/063 Operations research, analysis or management
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 50/34 Betting or bookmaking, e.g. Internet betting
• CPC Class Codes: G07F 17/3288 Betting, e.g. on live events, bookmaking

Abstract

An interactive wagering application is provided that allows users to place parimutuel wagers on future events. An interactive wagering system may enable the user to place a wager on the future event by providing multiple wagering pools. When a future event wagering pool is closed, final odds and payouts may be determined for that wagering pool and a new wagering pool, for the same future event, may be made available. The interactive wagering application may also monitor the user'"'"'s activities to create a user profile. The interactive wagering application may use the user profile to find future race events that may be of interest to the user. The interactive wagering application may also provide the user with the ability to search for future races according to the future race date, race name, or any other suitable criteria.

Claims

1. A method for wagering on a future race using an interactive wagering system, comprising:

providing a user with the ability to place a wager in a first parimutuel wagering pool for the future race;

providing the user with the ability to select a wager type for the wager from a plurality of different wager types; and

using the interactive wagering system to provide a second parimutuel wagering pool for the future race, wherein (a) the second parimutuel wagering pool is separate from the first parimutuel wagering pool whereby odds of the first parimutuel are calculated using only wagers placed in the first parimutuel wagering pool and odds of the second parimutuel wagering pool are calculated using only wagers placed in the second parimutuel wagering pool, (b) the first and second parimutuel wagering pools accept wagers of the same selected type, and (c) the second parimutuel wagering pool closes after the first parimutuel wagering pool closes.

2. The method defined in claim 1 further comprising providing the user with the ability to place a wager in the second parimutuel wagering pool.

3. The method defined in claim 1 wherein the second parimutuel wagering pool is open while the first parimutuel wagering pool is open.

4. The method defined in claim 1 wherein the second parimutuel wagering pool opens when the first parimutuel wagering pool closes.

5. The method defined in claim 1 wherein the second parimutuel wagering pool opens at some time after the first parimutuel wagering pool closes.

6. The method defined in claim 1 wherein the odds and payouts for the first parimutuel wagering pool are being calculated while the first parimutuel wagering pool is open and wherein the odds and payouts for the second parimutuel wagering pool are being calculated while the second parimutuel wagering pool is open.

7. The method defined in claim 6 wherein the odds and payouts for the first parimutuel wagering pool become fixed when the first parimutuel wagering pool closes and wherein the odds and payouts for the second parimutuel wagering pool become fixed when the second parimutuel wagering pool closes.

8. The method defined in claim 1 further comprising providing the user with the ability to access wagering pool information.

9. The method defined in claim 8 wherein the wagering pool information for a closed wagering pool includes fixed odds and payouts for the future race.

10. The method defined in claim 8 wherein the wagering pool information for an open wagering pool includes current odds and payouts for the future race.

11. The method defined in claim 1 further comprising notifying the user of future race events by displaying a message.

12. The method defined in claim 1 further comprising monitoring user actions to create a user profile.

13. The method defined in claim 12 further comprising:

finding future race events that may be of interest to the user based on the user profile; and

notifying the user of the future race events that may be of interest.

14. The method defined in claim 13 further comprising notifying the user of the future race events that may be of interest by displaying a message.

15. The method defined in claim 13 further comprising adding the future race events to a list.

16. The method defined in claim 15 further comprising providing the user with the ability to access the list.

17. A system for wagering on a future race using an interactive wagering system, comprising:

at least one totalisator configured to run a first parimutuel wagering pool for the future race and a second parimutuel wagering pool for the future race, wherein (a) the second parimutuel wagering pool is separate from the first parimutuel wagering pool whereby odds of the first parimutuel are calculated using only wagers placed in the first parimutuel wagering pool and odds of the second parimutuel wagering pool are calculated using only wagers placed in the second parimutuel wagering pool, (b) the first and second parimutuel wagering pools accept wagers of the same selected type, and (c) the second parimutuel wagering pool closes after the first parimutuel wagering pool closes; and

user equipment configured to;

provide the user with the ability to place a wager in the first parimutuel wagering pool for the future race; and

provide the user with the ability to select a wager type for the wager from a plurality of different wager types.

18. The system defined in claim 17 wherein the user equipment is further configured to provide the user with the ability to place a wager in the second parimutuel wagering pool.

19. The system defined in claim 17 wherein the second parimutuel wagering pool is open while the first parimutuel wagering pool is open.

20. The system defined in claim 17 wherein the second parimutuel wagering pool opens when the first parimutuel wagering pool closes.

21. The system defined in claim 17 wherein the second parimutuel wagering pool opens at some time after the first parimutuel wagering pool closes.

22. The system defined in claim 17 wherein the at least one totalisator is configured to (a) calculate the odds and payouts for the first parimutuel wagering pool while the first parimutuel wagering pool is open and (b) calculate the odds and payouts for the second parimutuel wagering pool while the second parimutuel wagering pool is open.

23. The system defined in claim 22 wherein the at least one totalisator is further configured to (a) fix the odds and payouts for the first parimutuel wagering pool when the first parimutuel wagering pool closes and (b) fix the odds and payouts for the second parimutuel wagering pool when the second parimutuel wagering pool closes.

24. The system defined in claim 17 wherein the user equipment is further configured to provide the user with the ability to access wagering pool information.

25. The system defined in claim 24 wherein the wagering pool information for a closed wagering pool includes fixed odds and payouts for the future race.

26. The system defined in claim 24 wherein the wagering pool information for an open wagering pool includes current odds and payouts for the future race.

27. The system defined in claim 17 wherein the user equipment is configured to display a message to notify the user of future race events.

28. The system defined in claim 17 wherein the user equipment is configured to monitor user actions to create a user profile.

29. The system defined in claim 28 wherein the user equipment is further configured to:

find future race events that may be of interest to the user based on the user profile; and

notify the user of the future race events that may be of interest.

30. The system defined in claim 29 wherein the user equipment is further configured to display a message to notify the user of available future race events that may be of interest.

31. The system defined in claim 29 wherein the user equipment is further configured to maintain and add the future race events that may be of interest to a list.

32. The system defined in claim 31 wherein the user equipment is further configured to provide the user with the ability to access the list.