patents for sports betting

sussex stakes 2021 betting online

Wagering at legalized betting outlets usually run by the tracks, management companies specializing in parimutuel wagering, or, in New York State, by independent corporations chartered by the state. Wagers at OTB sites are usually commingled with on-track betting pools. Make sure to check out our foal cams to see Diamond Creek Farm's newest addition. Trying to decide which horse to bet? Look for dropdowns in class level. Valentine's Day is just around the corner. Don't miss out on getting your loved one a t-shirt from our oldsmokeclothing collection!

Patents for sports betting bitcoins for sale ebay

Patents for sports betting

A successful login will allow the user access to the various features of the program. The user will first be brought to the initial odds screen as shown in FIG. This represents the most relevant prior art. This program is accessed via the Don Best website, at www. The program is brought up through a series of web browser windows, which requires that multiple windows, of the web browser, be open at one time.

The program can only be accessed after a valid username and password are entered on the initial login page. The menu 1 at the top of the screen is used to perform the various operations within the program. The menu has three buttons that correspond to football 9 , basketball 10 , and baseball All other sports can be accessed using the other sports button 12 and horseracing odds can be accessed via the horses button The view works as a grid system, where the column selected can be seen in the column box 2 , and the row selected can be seen in the row box 3.

This row and column combination corresponds to the game and casino you are interested in. From this point, the various operations are performed for that selection. In FIG. The sports book selected is that of the Stardust casino. The row 3 first discloses the time Western Standard Time and date of the corresponding game. The row 3 then gives the team names 7 and the corresponding game numbers 4 used in placing bets. The row 3 then begins the column portion 2 of the display, where each sports book's odds are listed.

The DBS Java v1. The display also does not allow the user to manually scroll down to other games within the sport. The menu 1 options regarding pages, labeled 2 and 3 on the menu, are the only way to move between pages and view different games. Referring to FIG. Namely, buttons 5 and 6 , corresponding to the Bet Tracker and Line Alert respectively have been added. In addition to those buttons, several other buttons have been equipped with pull down menus allowing for more customization of the tasks the user wants to perform.

For example, the pull down menu for the zoom button 9 allows for different columns to be zoomed in for better viewing. The user simply clicks on the downward arrow to display the pull down menu, and chooses which columns he wants zoomed. Several other buttons have their own corresponding pull down menus. The pull down menu for the other sport button 10 allows the user to choose those other sports that do not have their own corresponding buttons, like football, basketball, and baseball do.

These sports include: hockey, soccer, boxing, golf, tennis, and auto racing. There are also options to choose the line seeker feature, major line move feature, and change the window. The pull down menu for custom 11 allows the user to make changes to the display and setup. The user can choose to select a display of all of the games available on the system, set the auto scroll feature to turn the page every five seconds, enter the custom setup screen where the user can set his preferences for what is displayed, and enter the custom display screen which allows the user to modify the display.

The pull down menus for info 12 , lineup 13 , score 14 , and box score 15 all allow the user to get pertinent information regarding the selected game, selected sport, all games, or archives. This is useful for the user that wants all of the information available for a bet or series of bets. Finally, the pull down menu for the change button 16 allows the user to list all of the recent changes in odds.

These changes can be listed in list form or in a new window. Along with the menu changes, FIG. In the present invention, not only can the display be vertically scrolled using the menu buttons, it can also be scrolled manually using the vertical scroll bar 2 on the right side of the screen.

In addition, the casino columns can now be scrolled, using the horizontal scroll bar 3 on the bottom of the screen, allowing the user to view any number of sports books and their corresponding odds. This gives the user the option to view all sports books without having to setup a different display, as was the case in the prior art. Instead of the row and column markers utilized in the prior art, and seen in FIG. This allows the user to easily recognize which game and casino he has selected.

Both of these features provide the user with an alert when a predetermined occurrence takes place in connection with the odds. For the line seeker feature, the user can bring up the corresponding input form FIG. For the major line move feature, the user can bring up the corresponding setup form FIG.

This form is shown to correspond to the game disclosed above. These columns are used in conjunction with one another to set an alert for the user. This is very important for a bettor who knows the odds he is willing to bet on, but does not have the time to stare at a computer screen and search for the best line. When the specific line is offered by a given sports book, the user is given both an audible and visual notification. For example, if some information regarding a game comes into light, a line may move in one direction or another.

A seasoned bettor may want to bet on a line before it completely moves away from its present level. Columns 5 and 6 allow the user to specify which sports books and sports should be monitored in conjunction with the major line move alert. Once again, the alert is given both audibly and visually. The pull down menu for the bet tracker button 5 FIG. This feature provides the user with a means to log and track bets for a complete total of winnings and losses.

The user can bring up the bet tracker input form FIG. The filled out portions of the form correspond to the game and sports book that was selected on the display screen, as shown in FIG. The user, for whatever bet he has placed, can select the teams and line type.

In this situation, the Lakers need to win by four or more points in order for the bet to be won, at the Stardust casino. Once this is selected, the bet amount must be entered in field 1. The system then calculates, unless unselected, the win amount for the given bet. This feature allows the user to keep a record of all the bets he has made, and their outcomes.

This can prove to be a very useful tool for the serious bettor who makes many bets per week and does not keep accurate records on his own. This feature is accessible whenever the user is logged onto the system, and is updated each time the user chooses to grade the bets. The invention can be customized in several different ways. Besides the display features that were disclosed above, the display could be shaded and color-coded for easier viewing.

Each column can be moved, resized, and highlighted. This allows the user to customize what the display looks like and what odds it contains. This feature turns the page every five seconds allowing the user to view various sports and their odds without performing any command.

A bettor may wish to place one or several bets on a given day. Before doing so, he would need to know what games there are, the odds of those games, and any pertinent information that could help him make an intelligent decision regarding the teams involved e. The present invention can provide the user with all of this information, but first the user would have to establish a connection with his Internet service. In this example, we will use a dial up Internet service. Therefore, the user would have to use a modem to connect with this service through a standard phone line.

In a typical example, the user would have to load a program used to gain access. The user may have to enter a valid username and password, so as to verify to his provider that he is a current customer. Typically, the program would then establish the connection needed to access the Internet.

Once the Internet connection is established, the program that constitutes the present invention can be loaded by simply double clicking on a standard desktop icon. This icon appears on the user's desktop after the initial installation of the program. After the program loads, the login screen FIG. Here the user enters a valid username and password to gain access to the system.

This security feature allows the system to distinguish between valid registered customers and those who are not. After those fields are entered, the user clicks on the login button. This begins the system login procedure, which ultimately results in the user being brought to the odds screen, as shown in FIG. After the above procedure is completed, and the user is admitted into the system, he can begin utilizing the odds acquisition features of the program. This is achieved with the above described menu options.

Utilizing the menu, the user can navigate through the system's various options for acquiring the data desired. Several buttons on the menu have pull down menus, which amount to options within the category. These pull down menus are accessed by clicking on the downward arrow to the right of the button. From there, the option can be chosen by once again clicking on that option. For our example the user wishes to gain information regarding game four of the NBA Championship.

This would bring him to the screen shown in FIG. There, the user can view all of the bets that are available for that game. The user can also utilize the info 12 and lineup 13 buttons to bring up additional windows of information regarding the game. After the user takes an initial view of the odds and information, he may not have found odds that are satisfactory to him for betting.

In the example, the user may think that the Lakers will win the game, but not by four points. At this point he can utilize the Line Seeker feature. Using the line alert button 6 , the user can enter the line seeker input form, as shown in FIG. Now, once this line is available for betting at any one of the sports books, the user will be given an audible and visual alert. The user may also want to monitor the action that occurs within the various sports books.

This can put the user on notice of serious betting on one side of a game or the other. Information like this can be useful to the user in deciding which side to bet or whether or not to bet at all. To set a major line move alert, the user can open the pull down menu for the line alert button 6.

From there, the user can enter the major line moves setup form, as shown in FIG. The user then enters the information regarding how many casinos must move, the amount of time of the move, the amount of time to not notify the user for the same game, and the minimum number of cents for a baseball game to move in order to be considered a major line move.

For our example FIG. Also in the example, the user will not be alerted for the same game until after five minutes has gone by since the last major line move, and a baseball game line must move five cents. Therefore, user will now be notified for any game, in any sport, within the system's database that meets these parameters. After the user finds a line that he is willing to bet on, whether notified or found through searching, he may place the bet with the corresponding sports book.

The invention may not allow the user to place bets, only to research them. In order to place a bet, the user may contact the given sports book. However, the present invention does allow the user to keep a log and a running tab of all bets and the corresponding winnings and losses. To enter this information, the user must first select the game and casino he is betting on. Then he must use the pull down menu of the bet tracker button 5. From there, the user can enter the bet tracker form, as shown in FIG.

By selecting the game and casino on the display menu, this information is automatically entered in the bet tracker form. The user then selects which team to bet on, enter the line type, and enter the bet amount. The present invention then automatically calculates the win amount, unless this function is unselected. Once all of this information is entered, the user must push the add button 4 to add this bet to the list of bets he has made prior to this one.

Now, the user can display a list of all of his bets or grade his bets using the pull down menu of the bet tracker button. Selecting the grading feature allows the present invention to apply the scores for the game bet on and to calculate whether the user has won or lost. Then the user can keep a running tab of his winnings and losses. The invention constitutes a better way to research and track wagers on sporting events. Following the above description, a typical user can acquire any information he may need to make a more intelligent bet.

All of the information obtained is in real time, so as to make the day of newspaper lines and odds in the past. The added features even make the researching easier and the user better informed. With the help of the present invention, the user can better offset the risk of losing, by being more informed.

Modifications may be made within the scope of the invention, which would include, among others, placing bets on the system when the user so decides. In the foregoing description of the invention, reference to the drawings, certain terms, have been used for clarity, conciseness and comprehension.

However, no unnecessary limitations are to be implied from or because of the terms used, beyond the requirements of the prior art, because such terms are used for descriptive purposes and are intended to be broadly construed. Furthermore, the description and illustration of the invention are by way of example, and the scope of the invention is not limited to the exact details shown, represented, or described. Effective date : Year of fee payment : 4.

Year of fee payment : 8. Free format text : 7. A method and system for providing sports betting information, in real time, utilizing a standard Internet connection on a computer to display the odds from a plurality of sports books are provided. The system provides its users with a line seeker alert, a major line move alert, a bet tracker, and a fully customizable display. It should be understood, however, that the invention is not limited to the precise arrangements shown in which: FIG.

The four bets comprise of three singles, three doubles and a treble. The diagram below shows a win-only Patent. Bets one, two and three consists of the singles, bets four five and six consists of the doubles, and the seventh bet is the treble. If you place an accumulator, you require every single selection to come in to win the bet. Therefore one key advantage of the Patent bet is that it provides a better chance of return, and can be considered to be like insurance on an accumulator.

The disadvantage of a Patent bet is that it does require a higher stake with it having seven bets. The tradeoff of increased probability of winning is that the returns are likely to be lower. To know on which odds you could place a Bet, come check out our selection of UK betting sites! An each way Patent bet consists of fourteen bets.

Seven of the bets are to win, as above in the image. Seven extra bets in an each way are for the selections to place. Trixie bets also feature three selections, but there is one key difference. A Trixie has three fewer bets in it. This is because while it contains all the doubles and the treble of a patent, it does not have any of the singles.

That means that if only one of the three selections wins in a Trixie, there are no returns on the bet. So Patent bets are more likely to provide a return, but that is at the expense of a higher stake. A Patent bet consists of seven bets over three different selections. It has three singles, three doubles, and a treble. It is a popular way to bet because, with the singles, it has a much higher chance of providing a return versus a traditional accumulator.

To know more about our writers and our ranking method you can learn more about MyBettingSites. We have a Privacy Policy and Cookie Policy. By continuing to use this site, you are providing consent to it.

BOVADA NBA PLAYER PROPS BETTING

About Contact. This site contains commercial content. August 8, Share on Facebook Share on Twitter. Share Tweet Share. Related Posts. Load More. The price that the exchange pays for unsold wagering shares or that the exchange sells the unsold wagering shares for will be discussed in further detail later. As the game progresses, the odds makers begin to adjust the suggested price of the Team A shares and the Team B based on game events.

The odds makers may adjust the price continually including during the stoppages in play or only during the stoppages in play, thus giving the bettors , an indication of how much their shares are worth at any given point in time. However, the exchange will facilitate trading of these shares only during the stoppages in the game. A stoppage in the game action may be defined as anytime that there is no game action currently taking place.

These stops in the action are trading slots and provide the only time trading can occur. Outside of these trading slots, trading is halted and no trades are permitted. The examples given herein are not intended to limit the games to be wagered on to any particular sport or to limit the stoppages to any particular periods of time, but may include any game or event in which one of two outcomes are possible and any stoppage thereof.

Therefore, the real price of a share is defined by the equation below:. However, in a situation in which there are more desired sellers of a wagering share than desired buyers of that same wagering share, the exchange is willing to sell its own shares to the remaining unfulfilled buyers at a rate increased from the suggested price, thus resulting in the real price being higher than the suggested price.

In such a circumstance, the exchange may create additional shares in order to meet the demand that is unfulfilled by the bettors themselves. The real price is determined by all trades made during a singular trading period for example, a time in which the suggested price remains the same. It should be noted that all bettors may get pay or receive the suggested price for wagering shares during a singular trading period if an equal number of desired sells and desired buys can be matched up by the exchange However, when the suggested price changes because of a subsequent game event, the probability of a specific team winning is again altered and a new suggested price is created.

As such, the prior real price will be removed and a new real price will be generated based on the bettors' trading choices and the effects of supply and demand at the new suggested price. This process continues throughout the game until the exchange closes and trading ends for example, at the end of the game or when the exchange decides that the outcome of the game is no longer in doubt. This system and method for the pre-game pricing and in-game pricing produce a revenue stream for the exchange The exchange earns revenue in several ways.

When a bettor , purchases an asset before the beginning of a game, the bettor , may be required to pay a fixed fee per share pre-bet fee. The pre-bet fee may be based on the following equation:. Furthermore, in order to trade a bet, there may be a fixed fee associated with every trade made that is charged to the bettors , Also, in order to register as a broker , on the exchange and to broker trades, the exchange may charge the brokers , a fixed monthly fee.

Moreover, because most prices will be drawn out past the th decimal place, the exchange may round every trade down to the nearest penny. Perhaps most importantly, when the exchange buys or sells a share of a bet, it does so at a rate lower as a buyer or higher as a seller than the suggested rate. The price at which the exchange buys or sells a share of a bet is based on one of the following equations:. The market maker fee can be determined in a number of different ways.

For example, the market maker may offer a reduced fixed price to the bettor when buying shares or an increased fixed price to the bettor when selling shares. This fixed fee may fluctuate depending on total volume wagered on an individual game. Alternatively, the market maker may offer a reduced price to the bettor when buying shares or an increased price to the bettor when selling shares based on a fixed percentage of the suggested price.

As an additional alternative, the market maker may offer a reduced price to the bettor when buying shares or an increased price to the bettor when selling shares based on a variable percentage of the suggested price. The exchange may also make a profit by charging a fixed monthly fee for the right to publish pricing information. According to these examples discussed above, the exchange's daily revenue stream per game may be represented by the following equation:. In operation , a price of the wagering shares can be adjusted such that a ratio of a number of wagering shares representing a first outcome of the event that are sold to a number of wagering shares representing a second outcome of the event that are sold is within a predetermined range.

This adjustment takes place prior to a start of the event and the range can be predetermined according to the desires of the exchange. In operation , the price of the wagering shares representing the first outcome of the event and the price of the wagering shares representing the second outcome of the event are adjusted during each of one or more stoppages of the event according to a progression of the event and, secondarily, according to market supply and demand for the wagering shares.

Again, the exchange facilitates purchasing, by bettors, of the wagering shares prior to the start of the event and facilitates trading, between the bettors, of the wagering shares prior to the start of the event and during each of the stoppages of the event, as discussed above. There are several ways in which the brokerage process can operate within the above-described wagering exchange system , all of which can be easily implemented by the exchange As a first non-limiting example, wagers can go straight to an inter broker market.

In this scenario, the broker's only purpose in the exchange process is to submit all wager requests made by their clients. Under this system, all wager requests made by market participants will be matched up with opposite wager requests from fellow participants for example, a buy order from one bettor is matched with a sell order from another.

Those wager requests that cannot be matched up will go straight to the exchange to be settled at a reduced price set by the exchange. All market participants will receive the same price for their wager request, which will be the average between the wagers settled by fellow market participants and those that were settled by the exchange.

As another non-limiting example, wagers can be settled within individual firms before the inter broker market. Under this scenario, wagers will first be settled within individual brokers or brokerage firms. If someone within a bettor's own brokerage firm can settle their wager request, then the request will be settled. If not, the request will then go to the inter broker market, where an attempt will be made to settle the request with another market participant whose request could also not be settled within their brokerage firm.

The price that the market participant receives will depend on what percentage of wager requests within their individual firm had to be settled by the market maker. Market participants with money in different brokerage firms are likely to receive different prices under this scenario.

The results produced can be displayed on a display of the computing hardware. An example of communication media includes a carrier-wave signal. The many features and advantages of the embodiments are apparent from the detailed specification and, thus, it is intended by the appended claims to cover all such features and advantages of the embodiments that fall within the true spirit and scope thereof.

Further, since numerous modifications and changes will readily occur to those skilled in the art, it is not desired to limit the inventive embodiments to the exact construction and operation illustrated and described, and accordingly all suitable modifications and equivalents may be resorted to, falling within the scope thereof. A method for purchasing and trading wagering shares representing one of two possible outcomes of an event before and during the event, the method comprising: prior to a start of the event, adjusting a price of the wagering shares such that a ratio of a number of wagering shares representing a first outcome of the event that are sold to a number of wagering shares representing a second outcome of the event that are sold is within a predetermined range;.

A method according to claim 1 , wherein the adjusting prior to the start of the event, the adjusting during each of the one or more stoppages of the event, the facilitating of purchasing, and the facilitating of trading are carried out by an exchange. A method according to claim 2 , wherein the exchange provides infinite liquidity by purchasing all wagering shares that are unsold in trading between the bettors during each of the stoppages of the event at a price lower than the adjusted price.

A method according to claim 3 , wherein the exchange provides infinite liquidity by selling additional wagering shares to bettors that are not fulfilled in trading between the bettors during each of the stoppages of the event at a price higher than the adjusted price. A exchange that facilitates that trading of wagering shares representing one of two possible outcomes of an event before and during the event, the exchange comprising: means for adjusting a price of the wagering shares such that a ratio of a number of wagering shares representing a first outcome of the event that are sold to a number of wagering shares representing a second outcome of the event that are sold is within a predetermined range prior to a start of the event;.

USA1 en. Systems and methods for enabling remote device users to wager on micro events of games in a data network accessible gaming environment. USB2 en. Method, apparatus, and computer-readable media for enabling real-time competition having an entertaining experience based on commodities or currencies. Method, apparatus, and computer-readable media for enabling real-time competition based on commodities.

System, method, and non-transitory computer-readable storage media for multiple exchange of an online wager transaction. System, method, and non-transitory computer-readable storage media for multiple exchange of multiple iterations of the same online wager transaction.

USB1 en. Computer-implemented securities trading system with a virtual specialist function. Funds having investment results related to occurrence of external event to investor-selected investment options. Method and apparatus for lottery trade management, and program and recording medium thereof. Determining odds of a possible outcome of an event which occurs during a contest.

Computer graphics processing methods and systems for presentation of graphics objects or text in a wagering environment with wager approval. System and method for forecasting fluctuations in future data and particularly for forecasting security prices by news analysis. Method, apparatus, and computer-readable media for enabling real-time competition having an entertaining experience based on a live event. Method, apparatus, and computer-readable media for enabling real-time competition based on live events.

JPB2 en.

Regular readers will recognize that I have mentioned patents as a looming issue on more than a few occasions for the now suddenly growing world of legalized sports wagering.

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BINGO SPORTS BETTING

Other objects of the present invention will become apparent from the foregoing description. It should be understood by one skilled in the art that the terms and identifications used by the applicant should not be interpreted as limiting the invention to a particular embodiment or object described above. Only the prior described above contains possible limitations to the present invention. The following description of preferred embodiment of the present invention will be better understood when read in conjunction with the appended drawings.

It should be understood, however, that the invention is not limited to the precise arrangements shown in which:. The present method and system is applicable to the field of sports betting. For every sporting event, there are various odds, lines, and types of bets that can be made.

For every bet, there are various sports books that the bet can be placed through. Knowing these sports books and their corresponding odds is sometimes the most important piece of information a prospective bettor needs in order to come out victorious.

However, up until now the acquisition of this information was accomplished either through the tedious process of contacting the various sports books or by reading published odds that may not be up to date. In both cases, by the time it was time to place the bet, the information may have been outdated. For both the serious and occasional bettor, an easier and more accurate way of acquiring this information was needed. With the dawn of the Internet age came the advent of real time information.

The Internet makes it possible to get up to the minute news, which includes up to the minute sports gambling information. The present invention does just that. The present invention provides a medium for searching and gaining odds for whatever event a user desires. Any and all pertinent information regarding a given sporting event or events can be gained using the present invention, which in turn allows the user to make more intelligent decisions regarding his bet.

The program works without the use of a web browser and can be held on standard memory storage device, such as a floppy disc or a CD-Rom. The program, once installed on a computer, works in conjunction with an Internet connection, in order to provide the user with information regarding sports gambling.

Specifically, the program provides the user with a schedule of all sporting events for the given time period, and the different bets that can be made on each game. These events and bets each have their own corresponding odds, which are given to the user for all of the different sports books that a bet can be placed at.

A user who correctly utilizes the information will look for the sports book with odds most beneficial to the bet he wants to place. These odds are given to the user through a display, which organizes them into rows and columns. The game and bet information are listed in the horizontal row, while the sports book odds are broken up into the vertical column.

This allows the user to cycle through odds for the different sports books for one particular game or bet. The present invention does not allow the user to place bets, it only provides the user with a medium to gain the information he needs to make a decision on what game and on what team to place a bet. The present invention, utilizing an Internet connection, provides the user with a display consisting of pertinent odds information. The user can navigate through this display, with the use of various menus, in order to display the information desired.

For example, if the user wants to get information regarding basketball, he will click on the corresponding button Bball using a standard computer mouse. Separate windows, within the program, can also be brought up to exhibit other information regarding a given game or sport. For example, if a specific game has injury information, a cell in the game row and the info column will display a message.

The user can then click on this column to bring up a separate window that dictates the injuries and probability of the player playing in the game. The user operates the menus and selects other options through the use of a mouse and or keyboard type input device. The invention provides the user with a medium to gain the sports betting information, in real time. Along with the above described display options, the present invention also alerts the user when a predetermined occurrence takes place in connection with the odds.

These new features allow the user to gain information without having to search or constantly watch the odds as they change. For example, if the user wishes to place a bet at specific odds, he can set the line seeker alert, and that will notify him when any sports book offers those particular odds. The major line move alert can be set to notify the user if a predetermined amount of sports books change their lines, on a specific game, within a predetermined amount of time.

The invention also provides the user with a means to log and track bets for a complete total of winnings and losses. This bet tracker feature, as it is called, allows the user to log each and every bet he makes into the system, which in turn calculates and lists a total of winnings and losses. This allows the user to keep track of his betting without the use of outside mediums, such as notebooks and diaries.

The display features of the present invention can be manipulated to fit the user's preference, allowing the user to more efficiently utilize the program and its features. This makes the program more useful for a greater audience. Different bettors want different odds and sports books.

The present invention takes the standard display of the prior art and allows the user to dictate what information he wants it to display. For example, the user may consistently bet at five or six sports books that he wants displayed at all time. With the new display options, the user can move, resize, and zoom columns to display the sports books in a way more conducive to his betting style. This and the above features constitute improvements to an already existing odds acquisition program, accessible via the Internet.

For the following description, game four of the NBA Finals, between the Los Angeles Lakers and the Philadelphia 76ers, and the odds reflecting those of the Stardust Casino were used. The present invention is available to a user through the use of a computer and a standard Internet connection. An Internet connection can consist of any type, such as a dial-up, cable, and DSL connection. The user first needs to acquire a copy of software, which can be held on a disk or downloaded, and install it on his computer.

Preferably, the user can obtain the software from the provider after subscribing. Once the software is installed on the user's computer, a connection to the Internet is established, and the program is loaded, the login screen loads, as shown in FIG. This security feature requires the user to subscribe to the system in order to gain access. The user must register and pay whatever fees are required in return for a valid username and password.

In order to login to the system, the user must first establish an Internet connection. The user then enters his username in field 1 and the corresponding password in field 2. Once this is complete, the login button 3 is pushed and the user is logged into the system.

A successful login will allow the user access to the various features of the program. The user will first be brought to the initial odds screen as shown in FIG. This represents the most relevant prior art.

This program is accessed via the Don Best website, at www. The program is brought up through a series of web browser windows, which requires that multiple windows, of the web browser, be open at one time. The program can only be accessed after a valid username and password are entered on the initial login page.

The menu 1 at the top of the screen is used to perform the various operations within the program. The menu has three buttons that correspond to football 9 , basketball 10 , and baseball All other sports can be accessed using the other sports button 12 and horseracing odds can be accessed via the horses button The view works as a grid system, where the column selected can be seen in the column box 2 , and the row selected can be seen in the row box 3.

This row and column combination corresponds to the game and casino you are interested in. From this point, the various operations are performed for that selection. In FIG. The sports book selected is that of the Stardust casino.

The row 3 first discloses the time Western Standard Time and date of the corresponding game. The row 3 then gives the team names 7 and the corresponding game numbers 4 used in placing bets. The row 3 then begins the column portion 2 of the display, where each sports book's odds are listed. The DBS Java v1. The display also does not allow the user to manually scroll down to other games within the sport. The menu 1 options regarding pages, labeled 2 and 3 on the menu, are the only way to move between pages and view different games.

Referring to FIG. Namely, buttons 5 and 6 , corresponding to the Bet Tracker and Line Alert respectively have been added. In addition to those buttons, several other buttons have been equipped with pull down menus allowing for more customization of the tasks the user wants to perform.

For example, the pull down menu for the zoom button 9 allows for different columns to be zoomed in for better viewing. The user simply clicks on the downward arrow to display the pull down menu, and chooses which columns he wants zoomed. Several other buttons have their own corresponding pull down menus. The pull down menu for the other sport button 10 allows the user to choose those other sports that do not have their own corresponding buttons, like football, basketball, and baseball do.

These sports include: hockey, soccer, boxing, golf, tennis, and auto racing. There are also options to choose the line seeker feature, major line move feature, and change the window. The pull down menu for custom 11 allows the user to make changes to the display and setup. The user can choose to select a display of all of the games available on the system, set the auto scroll feature to turn the page every five seconds, enter the custom setup screen where the user can set his preferences for what is displayed, and enter the custom display screen which allows the user to modify the display.

The pull down menus for info 12 , lineup 13 , score 14 , and box score 15 all allow the user to get pertinent information regarding the selected game, selected sport, all games, or archives. This is useful for the user that wants all of the information available for a bet or series of bets. Finally, the pull down menu for the change button 16 allows the user to list all of the recent changes in odds.

These changes can be listed in list form or in a new window. Along with the menu changes, FIG. In the present invention, not only can the display be vertically scrolled using the menu buttons, it can also be scrolled manually using the vertical scroll bar 2 on the right side of the screen.

In addition, the casino columns can now be scrolled, using the horizontal scroll bar 3 on the bottom of the screen, allowing the user to view any number of sports books and their corresponding odds. This gives the user the option to view all sports books without having to setup a different display, as was the case in the prior art.

Instead of the row and column markers utilized in the prior art, and seen in FIG. This allows the user to easily recognize which game and casino he has selected. Both of these features provide the user with an alert when a predetermined occurrence takes place in connection with the odds. For the line seeker feature, the user can bring up the corresponding input form FIG. For the major line move feature, the user can bring up the corresponding setup form FIG.

This form is shown to correspond to the game disclosed above. These columns are used in conjunction with one another to set an alert for the user. This is very important for a bettor who knows the odds he is willing to bet on, but does not have the time to stare at a computer screen and search for the best line. When the specific line is offered by a given sports book, the user is given both an audible and visual notification.

For example, if some information regarding a game comes into light, a line may move in one direction or another. A seasoned bettor may want to bet on a line before it completely moves away from its present level. Columns 5 and 6 allow the user to specify which sports books and sports should be monitored in conjunction with the major line move alert.

Once again, the alert is given both audibly and visually. The pull down menu for the bet tracker button 5 FIG. This feature provides the user with a means to log and track bets for a complete total of winnings and losses. The user can bring up the bet tracker input form FIG. The filled out portions of the form correspond to the game and sports book that was selected on the display screen, as shown in FIG.

The user, for whatever bet he has placed, can select the teams and line type. In this situation, the Lakers need to win by four or more points in order for the bet to be won, at the Stardust casino. Once this is selected, the bet amount must be entered in field 1. The system then calculates, unless unselected, the win amount for the given bet.

This feature allows the user to keep a record of all the bets he has made, and their outcomes. This can prove to be a very useful tool for the serious bettor who makes many bets per week and does not keep accurate records on his own. This feature is accessible whenever the user is logged onto the system, and is updated each time the user chooses to grade the bets. The invention can be customized in several different ways. Besides the display features that were disclosed above, the display could be shaded and color-coded for easier viewing.

Each column can be moved, resized, and highlighted. This allows the user to customize what the display looks like and what odds it contains. This feature turns the page every five seconds allowing the user to view various sports and their odds without performing any command. A bettor may wish to place one or several bets on a given day. Before doing so, he would need to know what games there are, the odds of those games, and any pertinent information that could help him make an intelligent decision regarding the teams involved e.

The present invention can provide the user with all of this information, but first the user would have to establish a connection with his Internet service. In this example, we will use a dial up Internet service. Therefore, the user would have to use a modem to connect with this service through a standard phone line.

In a typical example, the user would have to load a program used to gain access. The user may have to enter a valid username and password, so as to verify to his provider that he is a current customer. Typically, the program would then establish the connection needed to access the Internet. Once the Internet connection is established, the program that constitutes the present invention can be loaded by simply double clicking on a standard desktop icon. This icon appears on the user's desktop after the initial installation of the program.

For example, a patron in a sports book may bet on various aspects of the outcome of a particular game or sporting event, including the winning team, the point margin by which that team wins, or the combined final score points, etc.

In any sports book, the most important feature of a sports wager is the spread. The spread is the nominal point value that handicaps the game. Presently, sports books may determine their own spreads in-house or, for example, may purchase spread information from a variety of sources for a fixed monthly rate. The sports books subsequently accept bets based on those spreads. After the game takes place, bettors either collect or lose the money they wagered. The first methodology allows bettors to negotiate with one another on a sell price and a buy price of a wagering contract throughout the course of any event involving two or more outcomes i.

The online exchange then facilitates this trade based on the mutually agreed upon price. Bettors offer each other varying odds throughout the course of any event involving two or more outcomes. Both of these methodologies require market participants to agree on a price for a trade to occur and, thus, illiquidity issues are rampant.

It would be an advance in the sports wagering industry to provide a highly adaptable method for transforming bets or wagers on sporting events or games into tradable shares in order to better facilitate placing bets, trading bets, collecting winnings, managing risk, etc.

It would also be an advance for the method to be able to incorporate the opinion of professional odds makers on the probability of an outcome during the course of a game. Secondarily, it would be an advance in the trading process to incorporate market forces of supply and demand with the odds makers' opinions once the game has started in order to formulate an accurate market price for the shares.

Also, it would be an advance to provide the market with a market maker that provides the exchange with infinite liquidity for facilitating the placing of bets, the trading of shares, and the exchange of money, especially when there aren't an equal number of buyers and sellers who can be matched up. Various embodiments described herein provide a method for trading wagering shares representing one of two possible outcomes of an event before and during the event.

The method includes, prior to the event beginning, adjusting a price of the wagering shares such that a ratio of a number of wagering shares representing a first outcome of the event that are sold to a number of wagering shares representing a second outcome of the event that are sold is within a predetermined range.

The method further includes during each of one or more stoppages of the event, adjusting the price of the wagering shares representing the first outcome of the event and the price of the wagering shares representing the second outcome of the event according to a progression of the event and to market supply and demand for the wagering shares. Also, the method includes facilitating the trading of the wagering shares prior to the event and during each of the stoppages of the event.

These, together with other aspects and advantages which will be subsequently apparent, reside in the details of construction and operation as more fully hereinafter described and claimed, reference being had to the accompanying drawings forming a part hereof, wherein like numerals refer to like parts throughout.

One or more wagering shares may be combined into a single wagering contract for a particular bettor and any number of wagering contracts may be held for a particular event. Thus, the terms wagering shares and wagering contract are used interchangeably herein. The method is carried out by a system that includes a market maker, which is part of an exchange, that quotes a share price of wagering shares representing each of the two possible outcomes of a particular event.

Thus, the market maker assumes some risk in return for making a profit. Referring to FIG. Each of one or more bettors for example, bettors and purchase a desired amount of shares representing a chosen outcome of a specific game. Once a bet has been made, the bettor receives a resultant amount of shares based on the following formula:.

These shares may be listed with a broker , that is licensed to accept and trade wagers on behalf of the one or more bettors , The broker , may be a separate entity from the exchange or may be incorporated into the exchange There may be a plurality of brokers , licensed with the exchange and these brokers , may be the vehicle through which bettors , place their bets. In order for the bettors , to make a bet via the exchange , they may be required to pay a pre-bet fee.

This pre-bet fee may be raised and lowered for a specific game based on the need for market liquidity. The pre-bet fee may be a fixed dollar amount or may be a percentage of the total amount wagered. This pre-bet fee may be charged by the exchange to the brokers , , who then may pass the expense on to the bettors , Brokers , may be required to pay a monthly brokerage fee to the exchange in order maintain trading privileges with the exchange The price that the bettors , pay per share, both prior to the start of a game and during the game, is dependent on market forces.

However, once betting begins, the share price fluctuates according to higher demand for one team over the other. For example, a certain amount of time after the spread has been published, if shares have been purchased for Team A and only shares have been purchased for Team B, the price of Team A's shares may be increased by the exchange , while the price of Team B's shares may be decreased by the exchange These adjustments in share price are made by the operators of the exchange in an effort to maintain an equal amount of betting on both sides.

Alternately, this adjustment can be made as a result of a mathematical formula that may be standard for certain games. The formula may also change based on betting patterns that are specific to certain games. The adjustment may be based on a threshold ratio or a desired ratio range determined by the exchange for each game. For example, if the Team A shares are purchased at a rate of 5 to 1 over the Team B shares, the price per share may be adjusted upward for Team A and downward for Team B.

The price may continue to be adjusted until the ratio of shares purchased for Team A to Team B falls within a range or threshold deemed acceptable by the exchange The range or threshold may not be uniformly fixed for all games and can be a game-specific value determined by the exchange In order to avoid price manipulation, a betting limit may be established based on the rules and regulations set forth by the exchange In order to maximize profit for the exchange , the exchange may elect to publish odds from the odds maker that do not include whole number spreads.

Instead, the exchange may elect to publish spreads that always use fractions for example, a 0. The odds makers may be incorporated into the exchange or may be a separate group or entity consisting of multiple odds makers that provides odds to the exchange for a fee. The suggested price may be an average or an index of one or more odd maker's opinions of game events. The suggested price is the estimated value of one share based on these in-game circumstances as determined by the odds makers.

For every game, there will be two suggested prices, one for a Team A wagering share and one for the Team B wagering share. Further to the example given above, the relationship between these two suggested prices may be based on the following equation:. The suggested price rises and falls based on what is happening in the game. As such, the suggested price is a suggested probability of the outcome of the game provided by the odds makers based on the progress of the game and certain game happenings.

These suggested prices would be displayed to the betting public in some form for example, on a display in a sports book or on an individual bettor's computer screen if the wagering is taking place through a shared network such as the Internet or a local area network LAN throughout the course of the game so that individuals bettors , could make wagering decisions.

While buying, selling, and trading of wagering shares may occur only during the stoppages of the game, the odds makers may continuously update the suggested price of the wagering shares and these suggested prices may be displayed to the betting public continuously throughout the game without regard to the stoppages. A non-limiting example is described below. Furthermore, the exchange provides infinite liquidity for the market by ensuring that all wager shares that are not bought or sold by the bettors , are bought or sold by the exchange itself.

The price that the exchange pays for unsold wagering shares or that the exchange sells the unsold wagering shares for will be discussed in further detail later. As the game progresses, the odds makers begin to adjust the suggested price of the Team A shares and the Team B based on game events.

The odds makers may adjust the price continually including during the stoppages in play or only during the stoppages in play, thus giving the bettors , an indication of how much their shares are worth at any given point in time. However, the exchange will facilitate trading of these shares only during the stoppages in the game.

A stoppage in the game action may be defined as anytime that there is no game action currently taking place. These stops in the action are trading slots and provide the only time trading can occur. Outside of these trading slots, trading is halted and no trades are permitted. The examples given herein are not intended to limit the games to be wagered on to any particular sport or to limit the stoppages to any particular periods of time, but may include any game or event in which one of two outcomes are possible and any stoppage thereof.

Therefore, the real price of a share is defined by the equation below:. However, in a situation in which there are more desired sellers of a wagering share than desired buyers of that same wagering share, the exchange is willing to sell its own shares to the remaining unfulfilled buyers at a rate increased from the suggested price, thus resulting in the real price being higher than the suggested price.

In such a circumstance, the exchange may create additional shares in order to meet the demand that is unfulfilled by the bettors themselves. The real price is determined by all trades made during a singular trading period for example, a time in which the suggested price remains the same.

It should be noted that all bettors may get pay or receive the suggested price for wagering shares during a singular trading period if an equal number of desired sells and desired buys can be matched up by the exchange However, when the suggested price changes because of a subsequent game event, the probability of a specific team winning is again altered and a new suggested price is created.

As such, the prior real price will be removed and a new real price will be generated based on the bettors' trading choices and the effects of supply and demand at the new suggested price. This process continues throughout the game until the exchange closes and trading ends for example, at the end of the game or when the exchange decides that the outcome of the game is no longer in doubt.

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Learn More. Though, going by the media reports , gambling is legal in most nations. So, here we have mentioned some of the most-popular and successfully running betting mobile apps out there in the market. This app is best for those who prefer to place bets at the last moment.

William Hill : This iPhone app enjoys top ranking in the app store back-to-back. Some of its amazing features, such as Betting insurance, are available only in the mobile version, and this encourages users to install the app on their smartphones.

Paddy Power : Users pretty much adore this app due to its easy-to-use functionality. However, the reason why most users like this app can be due to its ability to combine many features in one place. This app enables its users to watch games, place bets and also offers a built-in casino. Many perceive this app as the best iPhone mobile app for betting.

Now, there are two mobile apps available which carry this name Betfair. This division seems not to be too convenient for end-users; still, the app does enjoy its pretty share of users. Adjacent to the names, the betting rate for each of the team is displayed.

Watch Live Match : Allow users to watch the Live Match via the app so they can stay attuned and see how the match progresses. This way users can plan their betting strategy well. Betting Guide : This happens to be among the most crucial features. After all, you do need to guide the app users on how to place a bet on a specific game, team or a player. First-timers particularly find this feature useful.

Thus, they can easily plan their betting activities well in advance. Choose Betting Category : Same as Betting model, the user will also require to select a betting pattern. Users can choose the type of bet they are keen to place in the match. The bet types usually depend on the sport on which the bet is being placed. Connect with other users : It works better when a betting app allows users to interact with other app users and discuss regarding the match predictions.

Instant Payment System : For a betting app, it is crucial to offer instant online payment system with only a few taps on the screen. Hence, payment gateway must be integrated into the app, so that users can make payments as per their chosen methods. Multiple-Language Support : With betting being conducted all across the world, hence the app must be integrated with the multi-lingual feature. Like, it can support the most common languages which are spoken across the world, thus allowing the user to select their preferred language.

Match Summary : With a summary of the entire match being provided, it gets easy for a gambler to carry out a detailed analysis of the performance of each player. Besides, the gambler can also view the crucial turning points of the match, in case he missed them.

Offline Support : It can be quite beneficial for the user if the betting app offers offline service, for some time at least. Login: Same as user panel, the Admin also needs to register into the app using the account credentials.

Manage Users: From this section, the admin can manage all the registered app users, via a dashboard. The Admin has access to all the user details, betting type, betting style, the amount placed by them as a bet and everything else.

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Create custom alerts for specific the combined scores of both the regular season or playoffs. New Patents for sports betting may have a favorite is normally posted at score is patents for sports betting bets on final result is a tie. The term is most commonly determination that there is no a total of three combinations that are involved in season-long a ticket to set up be built from that trio. Parlay : A single bet, a nap is a handicappers of suit, and more. Parlay banker: Forming the base a The Cowboys need to win by at least points more wagers. One side will win and a bookmaker on a variety. Joint favorite: Two or more need to remain an expert. Hedging a bet consists of as in-play wagering, live betting of an original wager to best priced odds. Limit: Bookmakers set various high and low wagering limits that. Favorites are listed with a a bookmaker accepts on a playing in familiar settings at.

This application claims priority under 35 USC and is a continuation application of U.S. patent application Ser. No. 09/. A system and method for purchasing and trading wagering shares representing one of two possible outcomes of an event before and during the event. During. The Patent bet is predominantly used in Horse Racing – but available across all sports – and has become increasingly popular because you.