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Patent Searching and Data


Title:
SYSTEM AND METHOD FOR GENERATING CUSTOMIZED ODDS BETS FOR AN EVENT
Document Type and Number:
WIPO Patent Application WO2005013032
Kind Code:
A3
Abstract:
A system for managing bets comprises a memory (40) and a processor (38). The memory (40) stores information associated with a field of participants for an event, each participant associated with particular odds for the event. The processor (38) receives a bet (12) that a lead participant (82) from the field of participants will finish in a particular subset of finishing positions in the event, wherein the bet (12) is associated with customized odds. The processor (38) further select one or more additional participants (84) from the field of participants to add to the bet (12) such that the odds associated with the lead participant (82) combined with the odds associated with the one or more selected additional participants (84) at least approximates the customized odds for the bet (12).

Inventors:
ASHER JOSEPH M
BRISTOW JOHN W
LUTNICK HOWARD W
Application Number:
PCT/US2003/041224
Publication Date:
April 28, 2005
Filing Date:
December 23, 2003
Export Citation:
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Assignee:
CANTOR INDEX LLC (US)
International Classes:
A63F9/24; G06F17/00; G06Q40/04; G06Q50/34; G06F; (IPC1-7): A63F13/00
Foreign References:
US20030144057A12003-07-31
Other References:
See also references of EP 1654044A4
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