Amusement devices: games – Chance devices – Chance selection
Patent
1995-11-22
1997-11-18
Harrison, Jessica
Amusement devices: games
Chance devices
Chance selection
463 16, 463 30, A63F 306, G06G 748
Patent
active
056879687
ABSTRACT:
A method of wagering on an competitive event pitting at least two competitors against one another includes providing initial odds as an indication of one of the two participants winning the event, and establishing a betting time period preceding the event that comprises a number of successive wagering intervals, during each of which wagers on an outcome of the event are taken. For each of the successive wagering intervals the initial odds are recalculated based upon all wagers taken up to the point of the recalculation. Each wager placed is recorded by a wager ticket the carries indicia of the one of the successive wagering intervals during which the wager was taken so that payout on the wager, in the event a correct decision on the outcome of the event was made, as indicated by the wager ticket, will be based upon the odds recalculated during the one of the successive wagering time periods during which the wager was taken.
REFERENCES:
patent: 4986546 (1991-01-01), Cerulla
patent: 5043889 (1991-08-01), Lucey
patent: 5129652 (1992-07-01), Wilkinson
patent: 5374060 (1994-12-01), Goldberg
patent: 5417424 (1995-05-01), Snowden et al.
patent: 5489096 (1996-02-01), Aron
patent: 5564977 (1996-10-01), Algie
Game Data, Inc.
Harrison Jessica
Sager Mark A.
LandOfFree
Wagering system does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Wagering system, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Wagering system will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-1560291