US 12,190,682 B2
Event wagering with group and/or in run options
Kenneth L. Miller, Ankeny, IA (US); Craig Lipka, Cresskill, NJ (US); and Quinton Singleton, Las Vebas, NV (US)
Assigned to CFPH, LLC, New York, NY (US)
Filed by CFPH, LLC, New York, NY (US)
Filed on Sep. 18, 2023, as Appl. No. 18/369,387.
Application 18/369,387 is a continuation of application No. 17/361,769, filed on Jun. 29, 2021, granted, now 11,804,106.
Application 17/361,769 is a continuation of application No. 14/668,348, filed on Mar. 25, 2015, granted, now 11,055,967, issued on Jul. 6, 2021.
Application 14/668,348 is a continuation in part of application No. 14/562,916, filed on Dec. 8, 2014, granted, now 10,262,502, issued on Apr. 16, 2019.
Claims priority of provisional application 61/970,695, filed on Mar. 26, 2014.
Prior Publication US 2024/0005746 A1, Jan. 4, 2024
Int. Cl. G07F 17/32 (2006.01); G06Q 50/34 (2012.01)
CPC G07F 17/3288 (2013.01) [G06Q 50/34 (2013.01); G07F 17/3244 (2013.01)] 20 Claims
OG exemplary drawing
 
1. A method comprising:
determining, by a computing system, a first target odds for a first group of race participants;
determining, by the computing system, a second target odds for a second group of race participants; and
while the race is occurring and a betting window for wagering on the race is open, in real time:
monitoring, over a communication network, from a remote computing device, current odds of winning the race of the race participants in real time from given wagers over the communication network while the race is occurring and the betting window is open;
adding, by the computing system, a favorite participant of a race, based on the current odds to the first group;
adding, by the computing system, a longshot participant, based on the current odds, of the race to a third group of race participants;
adding, by the computing system, a first set of participants to the first group such that the collective odds, based on the current odds, of the first set combined with the favorite approximates the first target odds;
adding, by the computing system, a second set of participants to the second group such that the collective odds, based on the current odds, of the second set approximate the second target odds;
adding, by the computer system, any participants not assigned to the first and second groups to the third group such that the collective odds, based on the current odds, of the third group is equal or lower than the third target odds;
presenting, by the computing system, the first group, second group, and third group for wagering by users; and
determining, by the computing system, a winning group based on which participant of the race wins the race.