Patent ID: 8799121
Filing Date: 2014-08-05
Classification: G06Q,G07F

Abstract:
1. A method comprising the steps of: receiving by at least one processor from a first user a first order, wherein: based at least in part on receiving the first order: receiving by the at least one processor from the first user a second order, 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; receiving by the at least one processor from a second user an order, wherein 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; 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 at least one of the plurality of balances associated with the account; 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; and based at least in part on at least one of the plurality of balances associated with the account, determining by the at least one processor not to place a margin call on the account.