Patent ID: 11954974
Assignee: nan
Field: Control (Instruments)
Classification: CPC G  A | IPC A  G

Claim 0:
1. An interactive wagering system for legalized gambling and adapted to increase participant engagement and retainment with an operator, the system comprising:
a database, an application program interface (API); and
a system controller operatively coupled to a communications interface, the system controller further coupled via the communications interface to a plurality of input devices and a plurality of third-party systems, the system controller configured to:
receive, via the communications interface, a plurality of wagers including one or more bets on one or more wagering events from the plurality of input devices located in different geographical areas, the plurality of input devices comprising one or more different types of devices, each with a different user interface among user interfaces configured to receive user input corresponding to the plurality of wagers,
store, within the database, the plurality of wagers and wager information in a record, the wager information comprising one or more of a number of all active wagers on the one or more wagering events, a total value of all the active wagers, individual values of the active wagers, a probability of success of each of the active wagers based on, at least, a progress of the one or more wagering events, and potential profits and losses based on the probability of success of each of the active wagers,
continuously exchange, via the API, data with the plurality of third-party systems in real time, the data related to, at least, a progress of the one or more wagering events,
continuously update, in real time, the wager information based on the data,
continuously evaluate, in real time, the updated wager information,
determine that one or more wagers of the plurality of wagers are eligible to win an award,
generate one or more options, in real time, for one or more participants associated with the one or more wagers to perform a partial cash out of the one or more wagers prior to a conclusion of the one or more wagering events for at least a portion of the award, the partial cash out is less than a full cash value of the one or more wagers, the one or more options based on the continuous evaluation of the updated wager information and consistent among the one or more participants regardless of type of device, user interface, and geographical areas, and
transmit, via the communications interface, the one or more options to one or more input devices of the plurality of input devices associated with the one or more participants, thereby causing a change in the respective user interfaces of the one or more input devices, such that the one or more options are presented to the one or more participants via at least one of the respective user interfaces,

wherein the one or more options to perform the partial cash out being generated and presented via the user interfaces to the one or more participants after an entitlement to receive a partial cash out option is determined, occurring at any time after the plurality of wagers have been received up until the conclusion of the one or more wagering events, and having a cash value that is dynamically updated based on the updated wager information.