US 10,891,829 B2
System and method for generating customized odds bet for an event
Joseph M. Asher, Las Vegas, NV (US); John W. Bristow, Surrey (GB); and Howard W. Lutnick, New York, NY (US)
Assigned to CANTOR INDEX, LLC, New York, NY (US)
Filed by CANTOR INDEX LLC, New York, NY (US)
Filed on Apr. 8, 2019, as Appl. No. 16/377,535.
Application 16/377,535 is a continuation of application No. 14/179,806, filed on Feb. 13, 2014, granted, now 10,290,186.
Application 14/179,806 is a continuation of application No. 13/540,033, filed on Jul. 2, 2012, granted, now 8,651,948, issued on Feb. 18, 2014.
Application 13/540,033 is a continuation of application No. 10/687,302, filed on Oct. 14, 2003, granted, now 8,210,926, issued on Jul. 3, 2012.
Claims priority of provisional application 60/484,316, filed on Jul. 1, 2003.
Prior Publication US 2019/0236910 A1, Aug. 1, 2019
Int. Cl. G06Q 50/34 (2012.01); G07F 17/32 (2006.01); G06Q 40/04 (2012.01)
CPC G07F 17/3288 (2013.01) [G06Q 40/04 (2013.01); G06Q 50/34 (2013.01); G07F 17/32 (2013.01)] 18 Claims
OG exemplary drawing
 
1. A method comprising:
generating, by at least one processor, for a field of participants for an event, particular data representing odds for each participant to finish in a particular subset of finishing positions in the event;
receiving, by the least one processor, from at least one computer interface, data representing customized odds for a bet;
selecting, by the at least one processor, a lead participant from the field of participants;
selecting, by the at least one processor, one or more additional participants from the field of participants such that the odds associated with the lead participant combined with the odds associated with the one or more selected additional participants at least approximates the customized odds for the bet;
representing, by the at least one processor, a bet on a group of participants that comprises the lead participant and the additional participants;
communicating, by the at least one processor, the data representing a bet to at least one computer interface; and
determining, by the at least one processor, whether a bet associated with the customized odds cannot be established and, in response, generating data establishing a bet on the lead participant based upon the odds of the lead participant.