US 11,055,967 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 Vegas, NV (US)
Assigned to CFPH, LLC, New York, NY (US)
Filed by CFPH, LLC, New York, NY (US)
Filed on Mar. 25, 2015, as Appl. No. 14/668,348.
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.
Claims priority of provisional application 61/970,695, filed on Mar. 26, 2014.
Prior Publication US 2015/0279164 A1, Oct. 1, 2015
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)] 7 Claims
OG exemplary drawing
 
1. An apparatus comprising:
at least one processor configured to control:
determining a first target odds for a first group of participants of participants in a race;
determining a second target odds for a second group of participants of the participants in the race;
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 respectively of the participants in the race, in which the current odds are determined in real time from given wagers over the communication network placed at respective given computing devices while the race is occurring and the betting window is open,
assigning the participants in the race to respective groups of a set of three groups including the first group, the second group and a third group of participants, based on the current odds respectively of the participants,
wherein the assigning includes adding (i) a favorite participant of the participants to the first group, (ii) a longshot participant of the participants to the third group of race participants, (iii) a first set of the participants to the first group such that first collective odds of the first set combined with the favorite participant approximate the first target odds, and (iv) a second set of participants to the second group such that second collective odds of the second set approximates the second target odds,
presenting, over the communication network, at displays respectively of second computing devices of respective users, the first group, the second group, and the third group for wagering, in which the first group, the second group and the third group are presented respectively as a red roulette option, as a black roulette option and as a green roulette option,
in which presenting the first group, the second group, and the third group at the displays respectively of the second computing devices includes in real time updating the displays respectively of the second computing devices to display current first participants, current second participants and current third participants assigned respectively to the first group, the second group and the third group, based on the current odds respectively of the participants,
receiving, over the communication network, from a first computing device of the computing devices, a first wager on a first given group of the set of three groups, in which the first wager wins if any of the participants of the first given group reaches a designated point in the race first, and
receiving, over the communication network, from a second computing device of the computing devices, a second wager on a second given group of the set of three groups other than the first given group, in which the second wager wins if any one of participants of the second given group reaches the designated point first;
determining which one group of the set of three groups is a winning group for the race based on at least one finishing position of at least one of the participants thereof at the designated point; and
facilitating payments for wagers made on the winning group in response to determining that the one group is the winning group.