System for providing bets regarding intermediate points in a race event using fractional timing

摘要

A system for betting on fractional times is provided. The system includes a memory and a processor couple to the memory. The memory stores a first betting option that a particular participant in a race will finish a predetermined length of the race in a first range of fractional times and a second betting option that the particular participant in the race will finish the predetermined length of the race in a second range of fractional times. The processor receives a number of bets on at least one of the first betting option and the second betting option, determines an actual time for the particular participant to finish the predetermined length of the race, and determines which of the plurality of bets are winning bets based at least in part upon the determination of the actual time and the corresponding betting options.