Search International and National Patent Collections

1. (WO2017153749) A COMPUTER IMPLEMENTED METHOD AND COMPUTER SYSTEM FOR AUCTIONING OR TRADING BETS

Pub. No.:    WO/2017/153749    International Application No.:    PCT/GB2017/050620
Publication Date: Fri Sep 15 01:59:59 CEST 2017 International Filing Date: Thu Mar 09 00:59:59 CET 2017
IPC: G06Q 30/08
Applicants: BETSOLD LIMITED
Inventors: YOUNG, Nicola
MCMONAGLE, Kevin
Title: A COMPUTER IMPLEMENTED METHOD AND COMPUTER SYSTEM FOR AUCTIONING OR TRADING BETS
Abstract:
A method and apparatus for auctioning bets receives data on a bet placed on the outcome of an event and data identifying a seller from a seller interface, the data on the bet including data on the stake placed and the odds; generates auction data using the received data, the auction data including an auction end time prior to the event; generates an auction interface to display the auction data to bidders to create an auction; receives bid data associated with the auction data and data identifying a bidder from the auction interface; terminates the auction at the auction end time and determines a bidder with a highest bid; and electronically transfers the value of the highest bid to the seller and one of: assigns the bet to the highest bidder, and if the bet wins, electronically transfers the value of the winnings from the seller to the bidder with the highest bid.