Amusement devices: games – Including means for processing electronic data – Credit/debit monitoring or manipulation
Patent
1994-02-28
1996-11-12
Hayes, Gail O.
Amusement devices: games
Including means for processing electronic data
Credit/debit monitoring or manipulation
463 40, G06F15500, A63F 924
Patent
active
055732445
ABSTRACT:
A data processing system and method is described that allows a betting "house" to maintain a betting pool on a contest by controlling the terms (the betting odds and/or handicaps) for the contestants so that bettors are encouraged to place bets that will bring the betting pool (the "book") into balance. The data processing system and method provide for maintaining a betting pool having certain betting terms. In particular, the data processing system, which includes a central processor and a storage device, calculates an imbalance of the betting pool, determines on the basis of predetermined criteria whether to change the betting terms, and changes the betting terms accordingly.
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Hayes Gail O.
International Sports Wagering, Inc.
Kyle Charles R.
LandOfFree
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