Golf paramutual betting system pc software

PC-based wagering system in off-track applications. program to permit the transmission of parimutuel wagering information. golf. One of the most important. BEEZER GOLF is the Best Scorecard app for golf betting games. Play Skins, Nassau, Vegas, Wolf and more. Golf GPS Rangefinder. Track games, bets and golf. The patent-pending software system is designed to al- low lotteries to offer play from PCs through a virtual private network (VPN). To use the system. Golf, G4 Jockey, or Winning Golf paramutual betting system pc software. software and computer systems. Events that The system may offer pari-mutuel as well as fixed odds betting.

mtwarrenparkgolf.com.au, Inc.

The balance between the positive and the negative factors describing Youbet. The company ended the year facing insolvency, teetering on the brink of bankruptcy and in desperate need of sweeping changes. Help arrived early in in the form of new management, ushering in a new era in the company's development that offered the first signs of financial success.

Charles F. Champion arrived at Youbet. Formerly president and publisher of Access magazine and a senior executive at Philadelphia Newspapers, Inc. It wasn't the people answering the phone. It was focus at the top," he said. Champion knew he had little time to effect a turnaround Youbet. He reigned in expenses by renegotiating contracts and he ordered a marketing study of the company's subscribers.

The study convinced Champion to target middle to upscale clientele and abandon the mass-market approach employed by his predecessors. An additional fee was charged, which was credited to a subscriber's account once wagering reached a certain level. Our people are likely to be more sophisticated handicappers; six percent of our customers generate 65 percent of the handle and revenue.

Champion's efforts produced almost immediate results, earning him a promotion to the chief executive officer post in September By the end of , Youbet. As Champion continued to refine Youbet. After registering another loss in the year Champion was elected chairman of the board , Youbet. Looking ahead, the company hoped to turn 's financial results into a consistent pattern and, as it had expressed interest in since its founding, use its horse racing foundation as a springboard for the gamut of sports wagering, including football, soccer, basketball, baseball, boxing, and golf.

One of the most important objectives pursued by Champion was the international expansion of Youbet, which promised to deliver exponential growth to the company. There is also sports out there and casino gaming. Golf paramutual betting system pc software International opportunity is very important to us and we're prosecuting it aggressively. Hopefully, you'll see us acquire more international companies like IRG and also some outside horse racing.

Martinez, Carlos, "Gambling on Youbet. Thuresson, Michael, "Youbet. Cite this article Pick a style below, and copy the text for your bibliography. April 15, Retrieved April 15, from Encyclopedia. Then, copy and paste the text into your bibliography or works cited list.

Because each style has its own formatting nuances that evolve over time and not all information is available for every reference entry or article, Encyclopedia. Books Politics and business magazines Youbet. International Directory of Company Histories. Learn more about citation styles Citation styles Encyclopedia. More From encyclopedia. About this article Youbet. Updated About encyclopedia.

You Might Also Like salesforce. Autotote Corporation. Intermix Media, Inc. You've Ruined Me, Eddie. You've Got to Have Heart. You're Ugly, Too. You're a Big Boy Now. The embodiments of the present invention are suitable for brick-and-mortar sports books, as well as online sports books and internet gambling websites. Referring now to FIG. Pre-event rankings are based upon the Official World Golf Ranking.

As shown, Mickelson is the favorite opening at 2 to 1, with Woods established at 5 to 1 and Garcia established at 12 to 1. Opening odds are established by line makers and stored on wagering server within the sports book database as described above with reference to FIG. Based upon the opening odds, bettors are provided, via wagering application housed on wagering database , with a series of pari-mutuel wager options including straight win wagers, second place finishers, third place finishers, exacta wagers, quinella wagers, trifecta wagers and superfecta wagers.

The exacta, trifecta and superfecta wagers may also be boxed allowing the bettor to cover all conceivable finishing orders with 2, 3 or 4 golfers. The system also supports pari-mutuel wagers across separate, multiple successive individual actions with an event, as well as across events themselves. Thus, the pari-mutuel wagering system of the present invention allows a sports book to offer multi-action wager options whereby a bettor can, for example, place a wager on the golfer leading after each of the four rounds within a single golf tournament i.

Thursday's leader; Friday's leader; Saturday's leader; and tournament winner. The pari-mutuel wagering system of the present invention allows a sports book to further offer multi-event wager options such as wagering the predicted winner of a first golf tournament played during a first week i. April and the predicted winner of the next successive golf tournament i. April Pari-mutuel wagering, unlike most casino games e.

Thus, the more wagered on one or more participants, to continue the above example—golfers, the lower the odds and resultant payouts. Consequently, it is the bettors that are influencing the final odds and payouts. As wagers are placed, the software resident on the wagering server see FIGS. Thus, bettors can view the updated odds at the brick-and-mortar facility, or on their internet-enabled devices as shown in FIG.

As shown in the updated list of FIG. The odds may fluctuate until the event begins, at which time wagers will no longer be accepted and the final odds and payouts are calculated. As the straight odds change, the payouts associated with the pari-mutuel style wagers fluctuate as well based upon the corresponding wager pools. The list shows payouts associated with winning exacta, quinella and trifecta wagers for two and three selected golfers.

In a practical setting, a sports book board or an internet-enabled device accessing the wagering database via wagering application shows all possible combinations and corresponding payouts in substantially real-time as the odds change. With the pari-mutuel system disclosed herein, bettors have the opportunity to receive large payouts on small wagers.

Moreover, the final odds are established by the wagers of the bettors. While the above scenario, with reference to FIGS. While the above scenario involving a golf tournament referenced wagers on the winner of the tournament, the pari-mutuel wagering system of the present invention can further be employed to permit wagering for other actions within the multi-action event.

As already stated above, wagers can further be made on predicting the leader of the tournament after each of the four rounds. Masters golf betting tips Additional wagers, known as propositional wagers, can be made for each of the four days, for one or more of the four days, or for the entire four day tournament.

Examples of propositional wagers for a golf tournament include predicting the golfer with the longest drive, most drives on the fairway over yards, most drives on the fairway over yards, most drives on the fairway over yards, shortest drive, most fairways, least fairways, most greens in regulation, fewest greens in regulation, must putts made, least putts made, most bunkers landed in, least bunkers landed in, most chip-ins, most whole-outs, most eagles, most birdies, most bogies, most double bogies, most pars, most holes in one, on the green closest to the pin on a par 3, the lowest 9 score, the highest 9 score, first time Tour winners and the like.

The pari-mutuel wagering system of the present invention also enables wagering over successive weeks and may include wagers for the entire golf season, i. The above referenced wagers can be extended to the golf season, with additional propositional wagers including most wins, most major tournament wins, win by biggest margin, rookie of the year, comeback player of the year, player of the year, Hogan award recipient, predict winners of each of four Grand Slam or five Super Grand Slam of the six recognized world tours PGA Tour, European Tour, Asian Tour, PGA Tour of Australia, Japan Golf Tour, and the Sunshine Tour , longest run to make the cut, and the like.

Additionally, suitable over-under wagers are established with regard to each of the above scenarios. Adverting now to FIGS. Thus, excitement is generated as the bettors watch in real-time the results of their predictions. Similarly, as shown in FIG. Additionally, in further embodiments, the telestrator is linked with a GPS coordinate system such that, depending on the results for a particular hole, e.

Thus, bettors can watch as golfers tee off to see each golfer's shot and watch in real-time to determine whether their predictions were correct and whether they will collect on their wager. The use of the telestrator, with or without the added GPS capability, thus provides added excitement to the bettor by providing real-time, immediate action rather than merely waiting until the conclusion of the tournament to determine if a prediction of the winners was correct.

This added excitement leads to increased wagering and larger betting pools, thereby generating larger payouts to winners as well as larger administrative fees received by the sports book. However, before the official race, drivers and teams undergo qualifying to determine which drivers and cars are entered into the field, as well as determining the order of the cars to start the race, with the fastest car earning the pole position.

Qualifying is typically conducted on Fridays. Drivers and teams then use Saturday to test the car's performance and make any adjustments they feel are necessary prior to Sunday's race. The present invention extends pari-mutuel wagering beyond merely picking the winner of the race. The pari-mutuel wagering system of the present invention promotes propositional wagering on each of the three days of a typical NASCAR weekend.

Thus, during Friday qualifications, bettors can wager on predicting whether a driver will crash during qualification, break a course record during qualification, fail to finish qualifying, which driver wins the pole position, whether a driver will be within or without the top ten finishers in qualifying, or whether a driver will be within a specific range of qualifiers i.

Similar wagers can be extended to the Happy Hour sessions, such as which driver will crash during happy hour, which driver had the fastest lap, which driver had the slowest car. Race day wagers can also be extended to include wagers on whether there will be a crash on the first lap, a crash within the first 5 laps or ten laps, which lap the first yellow or first red flags will come out, how many drivers are involved in the first crash, whether two specific drivers crash into each other, how many drivers are in the largest crash, whether the entire race will run without a crash, most laps led, most laps led and win, most laps led and not win, how many pits a driver makes, the number of tires a driver changes, who changes the most or least number of tires, whether a driver will crash and still win, which driver was in the most crashes and still finishes the race, first time winners in the series e.

Although described as individual drivers, the above wagers can also be made based upon teams or stables of cars, e. In step , software resident on the wagering server retrieves and updates participant rankings within sports book database The software contains code which directs the server to access the official rankings of event participants i.

The software also generates a number of action-specific wager outcomes based upon the event and the retrieved rankings step Typically, these action-specific outcomes are duplicative from event-to-event within the same Tour or Series for instance, all PGA Tour events or NASCAR races will have the same actions on which bettors can wager, as described above.

An authorized line maker then accesses sports book database via the sports book application , to view the updated rankings. The line maker then establishes pre-event odds for the immediately upcoming event i. As shown in Step , once the pre-event odds are established, the sports book then inputs this data into the wagering database Bettors then access the wagering database either through a bettor terminal running wagering application , or through a sports book employee at the brick-and-mortar facility, or online via an internet-capable device running wagering application Bettors can then place wagers on the action-specific outcomes for which pre-event odds have been determined step In one embodiment of the present invention, odds are continually updated in real-time reflecting the change in odds due to bettor wagers as described above step Bettors continue to wager based upon these updated odds step Step closes the wagering window meaning that no new wagers will be accepted for the closed action.

Wagering typically ends at the start of the particular action. For instance, wagers predicting the winner of a tournament or race closes at the start of the event. Similarly, wagers regarding specific days of a golf tournament close prior to the start of golf on the respective day.

Once a wagering window is closed, all wagers made regarding that action are pooled into an action-specific pool step The house deducts all administrative fees and taxes for the pool step and calculates the final odds and the winnings for that action step Finally, in step , once the action has been completed i. Depending upon the action, outcomes from one day of action are used to generate new action-specific outcomes indicated by arrow Thus, wagers regarding the second round of a golf tournament are established based upon the results of the first round.

The line makers generate pre-event odds for the second round within the sports book database which are then uploaded and stored to wagering server Bettors then access the server through the wagering database and wagering application and commence wagering on second round actions. Thus, the pari-mutuel wagering system and method of the present invention extends wagering from merely predicting winners of an event and promotes wagering throughout the course of the event while also promoting wagering on not just predicting winners, but also predicting a number of additional actions.

As such, wagering action is no longer simply placing a futures bet and waiting three or four days for an outcome. Wagering action is now immediate and accessible on a day-by-day or action-by-action basis. Golf paramutual betting system pc software This immediate action will stimulate wagering leading to larger pools and payouts, as well as larger fees for the house and taxes for regulating agencies.

Although the present invention has been described in considerable detail with reference to certain aspects thereof, other versions are possible. Therefore, the spirit and scope of the appended claims should not be limited to the description of the aspects contained herein.

Each feature disclosed in the specification, including the claims, abstract, and drawings, can be replaced by alternative features serving the same, equivalent or similar purpose, unless expressly stated otherwise. Thus, unless expressly stated otherwise, each feature disclosed is one example only of a generic series of equivalent or similar features.

What is claimed is: 1. A method for conducting pari-mutuel wagering on a multi-action event having a plurality of individual actions, the method comprising the steps of: a. The method of claim 1 wherein said multi-action event is selected from the list consisting of: automobile races, bicycle races, golf, tennis, track-and-field competition, Olympic Games, and motorcycles races.

The method of claim 1 wherein said multi-action event is golf. The method of claim 3 wherein said rankings are tabulated by Official World Golf Ranking. The method of claim 3 wherein said plurality of individual actions comprises a first round leader; a second round leader; participants who qualify for later rounds; participants who fail to qualify for later rounds; a third round leader; a tournament winner.

The method of claim 1 wherein said multi-action event is a bicycle race.