Is a
Patent attributes
Patent Jurisdiction
Patent Number
Patent Inventor Names
Ernie Smith0
Date of Patent
June 11, 2013
Patent Application Number
13424274
Date Filed
March 19, 2012
Patent Citations Received
Patent Primary Examiner
Patent abstract
A handheld device in communication with a tote board of at a pari-mutuel wagering event receives data concerning the competitive entries and the odds associated with each entry. For each event, a total bet is determined and a subset of entries picked for which the total bet is to be allocated among. A computation is made as to the allocation based on the current odds of each entry and the desired rate of return on the total bet if any of the selected entries wins. The bet and entry data is then uploaded to the tote board at which it is accepted and entered.
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