Patent ID: 11875647
Assignee: CFPH, LLC
Field: Control (Instruments)
Classification: CPC G | IPC G

Claim 1:
2. An apparatus comprising:
at least one processor configured to control:
receiving, over a communication network, at least one bet from each of a plurality of computing devices, each of the at least one bets designating a participant in race, a point in the race, and a range of times, in which the race has a plurality of participants and a given bet pays if the designated participant arrives at a designated point within the range of times;
determining actual times for the participants designated by the bets at the designated points during running of the race, based on race positioning information obtained by a respective plurality of measuring devices and received in real time over the communication network from the plurality of measuring devices; and
determining whether any of the bets is a winning bet based at least in part upon the actual times and the corresponding bets;
wherein at least one given bet of the bets comprises a plurality of bet components and at least one bet component is associated with a bet matrix, the matrix having a plurality of columns extending in a first direction and a plurality of rows extending in a second direction, each column of the bet matrix corresponding with an intermediate point in the race; and
for at least one column of the plurality of columns in the bet matrix, populating the at least one column with numbers identifying one or more possible fractional times determined for the intermediate point corresponding with the at least one column such that at least one fractional time is located in each row intersecting the at least one column, a particular bet component is a winning bet component if the bet matrix includes a particular number of matched entries aligned consecutively in a particular direction in the bet matrix;
the bets being divided into a plurality of betting pools, wherein at least two of the betting pools are associated with respective intermediate points of the race;
the bets being received on a betting exchange; and
displaying, over the communication network, at an interface of a display of at least one of the computing devices at least one of the bet matrix or an outcome of the at least one bet.