ALEXANDRIA, Va., May 26 -- United States Patent no. 12,640,012, issued on May 26, 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 in the pari-mutual bet environment 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...