Importance

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Abstract

A computer system for providing fixed-odds pari-mutuel wagering for wagering on entries in a race including: at least one processor; and a computer-readable memory operatively connected to the at least one processor, with instructions capable of performing steps comprising: (a) opening the wagering system with an initial pari-mutuel pool at initial fixed-odds for each entry in the race; (b) evaluating each proposed wager at the initial fixed-odds to determine whether a combination of wagers, in whole or part, would satisfy a predetermined pari-mutuel calculation; (c) accepting or rejecting each proposed wager at the initial fixed-odds, in whole or in part, based on the determination in step (b); (d) based on one or more predetermined criteria, closing the initial pari-mutuel pool to further wagering; (e) optionally providing a subsequent pari-mutuel pool, comprising the steps of: (A) providing a subsequent pari-mutuel pool with optionally modified fixed-odds for each entry in the race; (B) evaluating each proposed wager at the optionally modified fixed-odds to determine whether a combination of wagers, in whole or part, would satisfy a predetermined pari-mutuel calculation; (C) accepting or rejecting each proposed wager at the optionally modified fixed-odds, in whole or in part, based on the determination in step (B); and (D) based on one or more predetermined criteria, closing the subsequent pari-mutuel pool to further wagering; (f) optionally repeating step (e); and (g) closing the wagering system.

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First Claim