Short time interval betting system

摘要

A betting system for handling betting events, comprising means for determining natural probability values assigned to the events based on a statistical method; and transformation means for applying a transformation function to the natural probability values to get transformed probability values; and means for providing the transformed probability values to betting clients of the betting system. The betting system may provide real-time betting events in comparable short time intervals.

主权项

1. A betting system for handling betting events, comprising:
an event control database for delivering event data and for determining and assigning natural probabilities to the events based on a statistical method; a general purpose computer programmed to apply a transformation function to the natural probability values to get transformed probability values; and the general purpose computer being networked with user workstations for providing the transformed probability values to betting users of the betting system based on a pre-determined hold value to enable betting with odds that change in real time; and the transformation function has various parameters including:P_Trans=Transformation⁡(p)=TG1+TG*Factor*(1P-1TG)Exponent wherein, P_Trans, which denotes a transformed probability; P, which denotes the natural probability; TG, which denotes a transformation threshold; Factor, which denotes a transformation multiplier, and Exponent, which denotes a transformation exponent.