Patent ID: 8417626

Claim:
A method comprising: receiving identification information associated with a first user; requesting credit information on the first user, wherein the request includes at least a portion of the identification information; receiving the requested credit information; establishing an account for the first user based at least in part on the received credit information; receiving by at least one processor from the first user a first order, wherein the first order comprises a bet on at least one sporting event; receiving by the at least one processor from the first user a second order, wherein the second order comprises another bet, and comprises or defines a wager amount; receiving by the at least one processor from a second user an order, the second user's order comprising a bet on the at least one sporting event; matching by the at least one processor the first user's first order with the second user's order; based at least in part on matching the first user's first order with the second user's order, adjusting by the at least one processor at least one balance associated with the account; and based at least in part on adjusting the at least one balance, reducing by the at least one processor the wager amount of the first user's second order.