Patent ID: 8037313

Claim:
A computer implemented method for real-time betting, within a communications system comprising a distributed domain and central domain, by handling electronic records that contain predictions of the outcome of a certain incident, comprising: generating, with a processor and within the distributed domain, a multitude of electronic records that contain predictions of the outcome of the incident, according to players' inputs, furnishing, within the distributed domain, each of the electronic records with a cryptographically protected proof of a certain moment of a distributed domain time associated with the generation of the electronic record, characterized in that the method further comprises: receiving, within the distributed domain, repetitive beacon tick packets and watchdog tick packets, comprising time information of local time of the central domain at the moment the packet was sent, synchronizing local time of the distributed domain, with time equated with the central domain time information received by the beacon tick packets, by help of values of a counter in the distributed domain and time information in received beacon tick packets, and verifying validity of local time of the distributed domain regarding to the central domain's local time by comparing local time of the distributed domain to time information relating to local time of the central domain received by the watchdog tick packets.