System and method for high-speed pari-mutuel wagering

Amusement devices: games – Including means for processing electronic data – Credit/debit monitoring or manipulation

Reexamination Certificate

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Details

C463S025000, C463S028000, C463S029000, C463S042000

Reexamination Certificate

active

07442124

ABSTRACT:
This disclosure provides a wagering system associated with a first wagering facility, the system communicably coupled with a network and including memory operable to store betting odds on a plurality of wagering events hosted by the first wagering facility. The system further includes a processor coupled to the memory and operable to receive a first bet on a particular event via the network, the particular event comprising at least one wagering event hosted by the first wagering facility. If a second bet is received within a predetermined period after the first bet is received, then the processor recalculates betting odds on the particular event based upon both the first and second bets. If a second bet is not received within a predetermined period after the first bet is received, then the processor recalculates betting odds on the particular event based upon the first bet.

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