System and method for wagering at fixed handicaps and/or odds on a sports event
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United States of America Patent
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Nov 12, 1996
Grant Date -
N/A
app pub date -
Feb 28, 1994
filing date -
Feb 28, 1994
priority date (Note) -
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Abstract
A data processing system and method is described that allows a betting 'house' to maintain a betting pool on a contest by controlling the terms (the betting odds and/or handicaps) for the contestants so that bettors are encouraged to place bets that will bring the betting pool (the 'book') into balance. The data processing system and method provide for maintaining a betting pool having certain betting terms. In particular, the data processing system, which includes a central processor and a storage device, calculates an imbalance of the betting pool, determines on the basis of predetermined criteria whether to change the betting terms, and changes the betting terms accordingly.
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