Patent ID: 11875643
Assignee: CFPH, LLC
Field: Control (Instruments)
Classification: CPC G | IPC G

Claim 0:
1. A method for distributed wagering on a high-speed wagering network, the method comprising:
controlling, by a processing device as a hub on the network:
distributing, over a communication network, odds for a wagering event at a host wagering facility, to a plurality of simulcast wagering facilities;
receiving, over the communication network from a second simulcast wagering facility, a bet placed on the wagering event, wherein the bet is made through the second simulcast wagering facility;
in response to receiving the bet, transmitting, over the communication network, the bet to the host wagering facility;
in response to receiving the bet, collecting audit information describing the bet and
determining recalculated odds for the wagering event;
in response to determining the recalculated odds, distributing, over the communication network, the recalculated odds for the wagering event to the plurality of simulcast wagering facilities;
receiving, over the communication network, a stop bet command from the host wagering facility;
after receiving the stop bet command, receiving, over the communication network, a second bet from a given simulcast wagering facility of the plurality of simulcast wagering facilities;
in response to receiving the stop bet command, distributing, over the communication network, the stop bet command to the plurality of simulcast wagering facilities;
in response to receiving the second bet, transmitting, over the communication network, the second bet to the host wagering facility;
in response to receiving the second bet, collecting second audit information describing the second bet;
receiving, over the communication network from the host wagering facility, an indication that the host wagering facility accepted the second bet, based at least in part on a determination by the host wagering facility that the second bet was transmitted by the given simulcast wagering facility prior to the stop bet command being generated;
conveying to the given simulcast wagering facility that the second bet has been accepted; and
determining an account settlement between the host wagering facility and the plurality of simulcast wagering facilities based at least in part on the audit information, the second audit information and an outcome of the wagering event.