Real time betting system and method including a jackpot for short time interval events

• US 9,858,761 B2
• Filed: 02/01/2014
• Issued: 01/02/2018
• Est. Priority Date: 02/03/2013
• Status: Active Grant

• Current Assignee: Novomatic AG
• Original Assignee: Novomatic AG
• Inventors: Zimmerl, Martin
• Primary Examiner(s): Shah, Milap
• Assistant Examiner(s): Clarke, Jr., Robert T
• Application Number:
  US14/170,593
• Publication Number:
  US 20140221063A1
• Time in Patent Office: 1,431 Days
• Field of Search: None
• 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 configured to enable 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 the data via a network;

the event control server includes an event control software configured to communicate event data to system components and an event control database for collecting and storing the event data, the event data including event phase data;

a real-time betting system server in operative communication with the event control server, the event control server includes a probability transformer for transforming natural probabilities related to the event data into odds;

a bookmaker server in operative communication with the event control server configured to receive the event data, request parameter calculation from the event control server and enable bets in accordance with the received event data and parameter calculation;

the real-time betting system server configured to enable the bets using the odds, the bet having a first stake, and an optional jackbet having a second stake that is less in value than the first stake, and to enable a secondary payout for each bet enabled by the bookmaker server, the bet having the first stake, and a secondary payout for a successful jackbet result;

a plurality of betting terminals in communication with the bookmaker server for communicating the bets to the bookmaker server, the plurality of betting terminals being in operative communication with the real-time betting system server for receiving the event data;

when a jackbet is placed, the real-time betting system server calculates a jackpot payout probability for jackbets based on a number of betting terminals receiving jackbets, the total of all first and second stakes of all betting terminals receiving jackbets and a number of the events;

the plurality of betting terminals each include a payment device selected from the group consisting of;

a coin receiver, a bill receiver, a card reader, a ticket reader, and combinations thereof;

wherein the events have the short interval which is less than two minutes, and are selectively communicated to the betting terminals to enable the bets to be placed; and

wherein the probability transformer transforms the probabilities related to the event data into the odds using a transformed value of a parameter using the formula;

t_Trans=t_Calc+(NReal−

NAvg)*t_Handicap;

wherein,

t_Trans is the transformed value for the parameter,

t_calc is a calculated value for the parameter,

N_Real is a number of races since a last occurrence of a Jackpot race,

N_Avg is an average number of races between two Jackpot races, and

t_Handicap is a value per race added to the calculated value.

2. The real-time betting system as set forth in claim 1, wherein the events with the short 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 the betting terminals are configured to enable bettors to place a tricast bet on a first place finisher, a second place finisher and a third place finisher.

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

5. The real-time betting system as set forth in claim 2, wherein for the slot car race events, the probabilities related to event information include all winner probabilities and 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 terminals are located.

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