CPC G07F 17/3258 (2013.01) [G07F 17/32 (2013.01); G07F 17/3225 (2013.01); G07F 17/3288 (2013.01)] | 16 Claims |
1. A betting machine comprising:
a memory;
a display device;
a card swiping device;
at least one processor to:
render a betting interface on the display device;
generate a betting pool in an area of the memory;
detect entry of a plurality of bets from the betting interface, a first bet of the plurality of bets being a wager that a participant will rank in a plurality of finishing positions upon completion of a race and a second bet of the plurality of bets being a wager that a participant will not rank in a plurality of finishing positions upon completion of the race;
detect entry of a first bet amount via the card swiping device, the first bet amount being associated with the first bet;
detect entry of a second bet amount via the card swiping device, the second bet amount being associated with the second bet;
in response to determining that the first bet was entered before a certain period of time elapsed, add the first bet amount to the betting pool in the memory;
in response to determining that the second bet was entered before the certain period of time elapsed, add the second bet amount to the betting pool in the memory;
calculate a payout amount based at least partially on the betting pool stored in the memory;
detect that a given bet from the plurality of bets was withdrawn; and
recalculate the payout in response to determining that the given bet was withdrawn.
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