Real-time interactive wagering on event outcomes

CAFC
  • US 8,641,511 B2
  • Filed: 12/28/2011
  • Issued: 02/04/2014
  • Est. Priority Date: 05/01/2000
  • Status: Expired due to Term
First Claim
Patent Images

1. A method comprising:

  • opening, by a computer system, a wagering account for a client that may be used to place wagers;

    establishing, by the computer system, an amount of consideration in the wagering account;

    after opening the wagering account and establishing the amount of consideration, authorizing, by the computer system, the client to access the wagering account from a mobile device by verifying login credentials of the client received from the mobile device;

    determining, by the computer system, a set of events on which the client is authorized to wager;

    allowing, by the computer system, the client to establish a self-imposed limit on wagering activity using the wagering account, in which the self-imposed limit includes at least one of a loss of an amount of consideration, a loss of an amount of consideration over a time period, a loss of a percentage of total consideration in the wagering account, and a loss of a percentage of total consideration in the wagering account over a time period;

    presenting, by the computer system, to the client through the mobile device, a display of at least some of the set of event, in which the display includes a respective odds associated with wagers on each of the at least some of the set of events;

    receiving, by the computer system, a first offer from the client to enter into a wager on an event;

    receiving, by the computer system, a second offer from another client to enter into an opposite side of the wager on the event;

    matching, by the computer system, the first offer and the second offer in response to receiving the first offer and the second offer;

    in response to matching the first offer and thee second offer, forming, by the computer system, one wager with the client against a house and forming one other wager with the other client against the house; and

    managing, by the computer system, the amount of consideration in the wagering account based on placement of the one wager and an outcome of the one wager.

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