Patent ID: 7442124

Claim:
A wagering system associated with a first wagering facility, the system communicably coupled with a network and comprising: a memory operable to store betting odds on a plurality of wagering events hosted by the first wagering facility; and a processor coupled to the memory and operable to: receive a first bet on a particular event via the network, wherein: the first bet is transmitted to the first wagering facility from a second wagering facility that comprises a plurality of betting terminals; and the particular event comprises at least one of the wagering events hosted by the first wagering facility; if a second bet is received within a predetermined period of time after the first bet is received, then recalculate the betting odds on the particular event based upon both of the first bet and the second bet; if a second bet is not received within a predetermined period of time after the first bet is received, then recalculate the betting odds on the particular event based upon the first bet; and generate a stop bet command associated with the particular event.