ALEXANDRIA, Va., Sept. 15 -- United States Patent no. 12,738,127, issued on Sept. 15.
"Sports betting system and method of using the same" was invented by Reece Markman (Heath, Texas) and Jared Leidner (Dallas).
According to the abstract* released by the U.S. Patent & Trademark Office: "A system and method for sports betting, permitting parlay bets to win even when one or more legs of the parlay bet lose by determining an aggregate amount by which each of the two or more legs of the parlay bet have exceed or fail to reach a pre-established point spread or value associated with each leg of said parlay bet and awarding a payout when said amount is positive. Side bets, bonuses, weight factors and multipliers may be incorporated. An award may...