Patent ID: 7454380

Claim:
A method for wagering on a future race using an interactive wagering system, comprising: providing a user with the ability to place a wager in a first parimutuel wagering pool for the future race; providing the user with the ability to select a wager type for the wager from a plurality of different wager types; and using the interactive wagering system to provide a second parimutuel wagering pool for the future race, wherein (a) the second parimutuel wagering pool is separate from the first parimutuel wagering pool whereby odds of the first parimutuel are calculated using only wagers placed in the first parimutuel wagering pool and odds of the second parimutuel wagering pool are calculated using only wagers placed in the second parimutuel wagering pool, (b) the first and second parimutuel wagering pools accept wagers of the same selected type, and (c) the second parimutuel wagering pool closes after the first parimutuel wagering pool closes.