WAGERING SYSTEM WITH UNDERLYING TIME SENSITIVE REDEEMABLE UNITS

摘要

A wagering system (10) comprising a wager processor (12); and at least one wager terminal (14) in data and control communication with the wager processor (12). The wager processor (12) issues a plurality of redeemable units (28) linked to each wager (26) placed by a user (30) on an outcome of an event, or series of events, placed by way of the wager terminal (14). The number of redeemable units (28) to be issued is a function of at least the time at which the wager (26) is placed on said outcome.