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Patent US10262502
Issued 2019-04-16
Event Wagering With Group And/or In Run Options
Some embodiments may relate to wagering one or more events. Such events may include sporting events. For example, one or more races may be wagered upon. In some embodiments, one or more wager may include an in running or in game wager. In some embodiments, one or more wagers may include a wager on a group of participants. Various apparatus and methods are described.
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- 1. An apparatus comprising:
a computing device; and a non-transitory medium having stored thereon a plurality of instructions that when executed by the computing device cause the apparatus to: assign participants of a race to respective groups of a set of three groups, wherein each of the participants has respective odds associated therewith of winning the race, wherein based on the odds a first one of the participants is deemed a favorite, a second one of the participants is deemed a long shot, and the remaining participants are deemed a middle of the pack, and wherein the favorite is assigned to a first group of the set of three groups, the long shot is assigned to a second group of the set of three groups, at least a portion of the middle of the pack is assigned to a third group of the set of three groups, and there are at least two members of the at least the portion of the middle of the pack; receive a wager on the second one of the set of three groups, in which the wager wins if the longshot reaches a designated point first; receive another wager on the third one of the set of three groups, in which the another wager wins if any one of the at least the portion of the middle of the pack reaches the designated point first; determine which one group of the set of three groups is a winning group based on at least one finishing position of at least one of the participants at the designated point; and facilitate payments for wagers made on the winning group in response to determining that the winning group is the winning group.
- 10. An apparatus comprising:
a computing device; and a non-transitory medium having stored thereon a plurality of instructions that when executed by the computing device cause the apparatus to:
open a wagering window for a race wherein the wagering window closes at some time during the race;
assign each participant of a plurality of participants of a race to one of two or more groups;
receive after a start of the race at least one wager on one of the two or more groups, in which the at least one wager wins if at least one respective participant of the one of the two or more groups reaches a designated point first;
receive after the start of the race at least one other wager on another of the two or more groups, in which the at least one other wager wins if at least one respective participant of the other of the two or more groups reaches the designated point first;
determine which of the two or more groups is a winning group based on at least one position of at least one of the participants at the designated point; and
facilitate payments for wagers made on the winning group in response to determining that the winning group is the winning group;
wherein each participant of the plurality of participants has respective odds associated therewith of winning the race, wherein based on the odds a first one of the participants is deemed a favorite, a second one of the participants is deemed a long shot, and the remaining participants are deemed a middle of the pack, and wherein the favorite is assigned to a first group of the two or more groups, the long shot is assigned to a second group of the two or more groups, at least a portion of the middle of pack are assigned to a third group of the two or more groups, and there are at least two members of the at least the portion of the middle of the pack.
- 17. An apparatus comprising:
a computing device; and a non-transitory medium having stored thereon a plurality of instructions that when executed by the computing device cause the apparatus to:
open a pre-race wagering window for a first set of daily double wagers that involve a first race and a second race, in which the first race and the second race are different races during a day;
receive, at a first time after the pre-race wagering window is open and before the first race begins, a first daily double wager on the first race and the second race two;
based on the first time being before the first race begins, allocate the first daily double wager to a first pari-mutuel pool;
open an in-race wagering window for a second set of daily double wagers that involve the first race and the second race;
receive, at a second time after the first race begins, a second daily double wager on the first race and the second race;
based on the second time being after the first race begins, allocate the second daily double wager to a second pari-mutuel pool;
determine whether the first daily double wager and the second daily double wager are wining wagers based on outcomes of the first race and the second race;
assign participants of the first race to one of a plurality of groups, wherein the first daily double wager includes a selection of a respective group of participants to win the first race and the respective group is one of the plurality of groups, and in which at least one group includes at least two participants,
wherein participants of the first race each have respective odds associated therewith, wherein based on the odds one participant is deemed a favorite, one participant is deemed a long shot, and the remaining participants are deemed a middle of the pack, and wherein the favorite is assigned to a first one of the plurality of groups, the long shot is assigned to a second one of the plurality of groups, at least a portion of the middle of the pack are assigned to a third one of the plurality of groups, and there are at least two members of the at least the portion of the middle of the pack.
