US 11,721,170 B2
System and method for betting on-the-board or off-the-board in an event
Lee M. Amaitis, Las Vegas, NV (US); Joseph M. Asher, Las Vegas, NV (US); Adam Burgis, London (GB); and Dominic Crosthwaite, London (GB)
Assigned to CANTOR INDEX LLC, New York, NY (US)
Filed by CANTOR INDEX LLC, New York, NY (US)
Filed on May 24, 2021, as Appl. No. 17/329,032.
Application 12/248,145 is a division of application No. 10/453,761, filed on Jun. 3, 2003, granted, now 7,452,274, issued on Nov. 18, 2008.
Application 17/329,032 is a continuation of application No. 16/723,459, filed on Dec. 20, 2019, granted, now 11,017,633.
Application 16/723,459 is a continuation of application No. 15/370,828, filed on Dec. 6, 2016, granted, now 10,529,188, issued on Jan. 7, 2020.
Application 15/370,828 is a continuation of application No. 14/085,935, filed on Nov. 21, 2013, granted, now 10,223,869, issued on Mar. 5, 2019.
Application 14/085,935 is a continuation of application No. 13/615,458, filed on Sep. 13, 2012, granted, now 8,591,321, issued on Nov. 26, 2013.
Application 13/615,458 is a continuation of application No. 12/248,145, filed on Oct. 9, 2008, granted, now 8,360,860, issued on Jan. 29, 2013.
Claims priority of provisional application 60/459,561, filed on Mar. 31, 2003.
Prior Publication US 2021/0280011 A1, Sep. 9, 2021
This patent is subject to a terminal disclaimer.
Int. Cl. G07F 17/32 (2006.01)
CPC G07F 17/3258 (2013.01) [G07F 17/32 (2013.01); G07F 17/3225 (2013.01); G07F 17/3288 (2013.01)] 16 Claims
OG exemplary drawing
 
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.