Patent ID: 7925577
Filing Date: 2011-04-12
Classification: G06Q,G07F

Abstract:
1. A method comprising: receiving by at least one processor identification information submitted by a first user, in which the identification information is received from the first user via a computer system associated with the first user, the computer system being coupled to the at least one processor over a communications network; transmitting by the at least one processor to at least one credit verification entity a request for credit information, in which the request includes at least a portion of the identification information; receiving by the at least one processor from the at least one credit verification entity the requested credit information, in which the requested credit information includes a credit score and an identity score, based at least in part on the credit score and the identity score, approving by the at least one processor, an opening of an account for the first user, receiving by the at least one processor from the first user a first order and a second order, receiving by the at least one processor from a second user an order, in which the order from the second user comprises a bet on the sporting event and further comprises or defines an amount that the second user wishes to wager on the sporting event; approving by the at least one processor the first order; based at least in part on approving the first order, making by the at least one processor the first order available for matching with other orders; approving by the at least one processor the second order; based at least in part on approving the second order, making by the at least one processor the second order available for matching with other orders; matching by the at least one processor the first order from the first user with the order from the second user; based at least in part on matching the first order from the first user with the order from the second user, adjusting by the at least one processor the at least one balance associated with the account; and based at least in part on adjusting the at least one balance associated with the account and subsequent to making the second order available for matching with other orders, automatically reducing by the at least one processor the wager amount of the second order.