System and method for high-speed pari-mutuel wagering
A wagering system is associated with a first wagering facility, communicably coupled with a network and includes a memory operable to store betting odds on a plurality of wagering events hosted by the first wagering facility. The system includes a processor coupled to the memory and operable to rece...
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| Format: | Patent |
| Sprache: | eng |
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| Zusammenfassung: | A wagering system is associated with a first wagering facility, communicably coupled with a network and includes a memory operable to store betting odds on a plurality of wagering events hosted by the first wagering facility. The system includes a processor coupled to the memory and operable to receive via the network a first bet on a particular event comprising at least one of the wagering events hosted by the first wagering facility. If a second bet is received within a predetermined period of time after the first bet is received, the processor recalculates the betting odds on the particular event based upon the first bet and the second bet. If a second bet is not received within a predetermined period of time after the first bet is received, then the processor recalculates the betting odds on the particular event based upon the first bet. |
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