US Patent Issued to Woodbine Entertainment Group on Feb. 24 for "Systems and methods for real-time rebalancing of bet portfolios in the pari-mutuel bet environment" (Canadian Inventor)

ALEXANDRIA, Va., Feb. 24 -- United States Patent no. 12,562,033, issued on Feb. 24, was assigned to Woodbine Entertainment Group (Toronto).

"Systems and methods for real-time rebalancing of bet portfolios in the pari-mutuel bet environment" was invented by Steven Alyekhin (Toronto).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for real-time rebalancing of bet portfolios can include iteratively identifying live odds for a horse racing event. Each iteration can include (i) monitoring a plurality of electronic wagers submitted by a plurality of electronic devices corresponding to the horse racing event, (ii) calculating live data, probables data and will pays data, (iii) calculating an impli...