Combined fixed price and expected dividend betting system

Details Combined fixed price and expected dividend betting system Combined fixed price and expected dividend betting system

1986-08-07

1988-10-04

Smith, Jerry

Boots, shoes, and leggings

273138A, G06F 1528

Patent

active

047759372

ABSTRACT:
A betting system having a number of betting terminals and displays connected to a central control unit. The betting system allows both fixed price and expected dividend betting by continually calculating the odds and liabilities in respect of each contestant and ensuring that the total liability incurred does not exceed the total amount of money wagered. Only expected dividend betting is allowed until a threshold level of wagers received is reached either by wagers received at the terminals or by transfers of funds from another body. Once the threshold is reached both fixed price and expected dividend betting is allowed by the system.

REFERENCES:
patent: 4322612 (1982-03-01), Lange
patent: 4494197 (1985-01-01), Troy et al.

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