WO2003012748A3 - Methods and apparatus for fairly placing players in bet positions - Google Patents

Methods and apparatus for fairly placing players in bet positions Download PDF

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Publication number
WO2003012748A3
WO2003012748A3 PCT/US2002/024332 US0224332W WO03012748A3 WO 2003012748 A3 WO2003012748 A3 WO 2003012748A3 US 0224332 W US0224332 W US 0224332W WO 03012748 A3 WO03012748 A3 WO 03012748A3
Authority
WO
WIPO (PCT)
Prior art keywords
players
bet
fairly
methods
risk
Prior art date
Application number
PCT/US2002/024332
Other languages
French (fr)
Other versions
WO2003012748A2 (en
Inventor
Kim Updike
Original Assignee
Kim Updike
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Priority claimed from US09/840,574 external-priority patent/US20020155884A1/en
Application filed by Kim Updike filed Critical Kim Updike
Priority to US10/491,840 priority Critical patent/US20050003878A1/en
Priority to AU2002322835A priority patent/AU2002322835A1/en
Publication of WO2003012748A2 publication Critical patent/WO2003012748A2/en
Publication of WO2003012748A3 publication Critical patent/WO2003012748A3/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q50/00—Systems or methods specially adapted for specific business sectors, e.g. utilities or tourism
    • G06Q50/34—Betting or bookmaking, e.g. Internet betting
    • G—PHYSICS
    • G07—CHECKING-DEVICES
    • G07F—COIN-FREED OR LIKE APPARATUS
    • G07F17/00—Coin-freed apparatus for hiring articles; Coin-freed facilities or services
    • G07F17/32—Coin-freed apparatus for hiring articles; Coin-freed facilities or services for games, toys, sports, or amusements
    • G07F17/3286—Type of games
    • G07F17/3288—Betting, e.g. on live events, bookmaking

Abstract

The apparatus and methods described herein facilitate peer-to-peer gambling. Generally, the system (100) receives bet statement(s) from authorized player(s) and/or game administrator(s). Authorized players(s) then enter whole number percentages representing their beliefs that the outcome of the bet statement will be true. The players entering the risk percentages are encouraged to be as fair as possible, because players may be forced into undesirable bet positions. The amount of points or money wagered are then automatically determined based on the risk percentage(s). Once the actual outcome is determined, the winning player is rewarded in inverse proportion to his risk percentage.
PCT/US2002/024332 2001-04-23 2002-07-31 Methods and apparatus for fairly placing players in bet positions WO2003012748A2 (en)

Priority Applications (2)

Application Number Priority Date Filing Date Title
US10/491,840 US20050003878A1 (en) 2001-08-01 2002-07-31 Methods and apparatus for fairly placing players in bet positions
AU2002322835A AU2002322835A1 (en) 2001-08-01 2002-07-31 Methods and apparatus for fairly placing players in bet positions

Applications Claiming Priority (3)

Application Number Priority Date Filing Date Title
US09/840,574 US20020155884A1 (en) 2001-04-23 2001-04-23 Accounting method and apparatus for fair peer-to-peer gambling
US30932101P 2001-08-01 2001-08-01
US60/309,321 2001-08-01

Publications (2)

Publication Number Publication Date
WO2003012748A2 WO2003012748A2 (en) 2003-02-13
WO2003012748A3 true WO2003012748A3 (en) 2003-05-01

Family

ID=26976729

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2002/024332 WO2003012748A2 (en) 2001-04-23 2002-07-31 Methods and apparatus for fairly placing players in bet positions

Country Status (1)

Country Link
WO (1) WO2003012748A2 (en)

Citations (6)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US3810627A (en) * 1968-01-22 1974-05-14 D Levy Data-processing system for determining gains and losses from bets
US5575474A (en) * 1994-09-21 1996-11-19 Rossides; Michael Communications system using bets
US5749785A (en) * 1994-09-21 1998-05-12 Rossides; Michael T. Communications system using bets
US6068552A (en) * 1998-03-31 2000-05-30 Walker Digital, Llc Gaming device and method of operation thereof
US6236900B1 (en) * 1999-05-03 2001-05-22 Michael P. Geiger Method and system for internet-based, competitive event prediction
US6287199B1 (en) * 1997-04-22 2001-09-11 Two Way Tv Limited Interactive, predictive game control system

Patent Citations (6)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US3810627A (en) * 1968-01-22 1974-05-14 D Levy Data-processing system for determining gains and losses from bets
US5575474A (en) * 1994-09-21 1996-11-19 Rossides; Michael Communications system using bets
US5749785A (en) * 1994-09-21 1998-05-12 Rossides; Michael T. Communications system using bets
US6287199B1 (en) * 1997-04-22 2001-09-11 Two Way Tv Limited Interactive, predictive game control system
US6068552A (en) * 1998-03-31 2000-05-30 Walker Digital, Llc Gaming device and method of operation thereof
US6236900B1 (en) * 1999-05-03 2001-05-22 Michael P. Geiger Method and system for internet-based, competitive event prediction

Also Published As

Publication number Publication date
WO2003012748A2 (en) 2003-02-13

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