WAGERING SYSTEM WITH UNDERLYING TIME SENSITIVE REDEEMABLE UNITS

A wagering system (10) comprising a wager processor (12); and at least one wager terminal (14) in data and control communication with the wager processor (12). The wager processor (12) issues a plurality of redeemable units (28) linked to each wager (26) placed by a user (30) on an outcome of an eve...

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Bibliographic Details
Main Author Scott Robert MCDOWELL
Format Patent
LanguageEnglish
Published 25.11.2015
Subjects
CALCULATING
CHECKING-DEVICES
COIN-FREED OR LIKE APPARATUS
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Summary:A wagering system (10) comprising a wager processor (12); and at least one wager terminal (14) in data and control communication with the wager processor (12). The wager processor (12) issues a plurality of redeemable units (28) linked to each wager (26) placed by a user (30) on an outcome of an event, or series of events, placed by way of the wager terminal (14). The number of redeemable units (28) to be issued is a function of at least the time at which the wager (26) is placed on said outcome.
Bibliography:Application Number: ZA20140005123