Patents Assigned to The Sporting Exchange Ltd.
  • Patent number: 8645498
    Abstract: A method of transaction processing in a system comprising a plurality of distributed nodes, the method comprising the steps of receiving a message at a first node, the message defining an operation to be performed on data associated with an entity, queuing the message for processing by a message handler running on the node, permitting the message handler to process the message, in the event that no other message handler is operating on the data and forwarding the message to a second node for subsequent processing.
    Type: Grant
    Filed: December 12, 2007
    Date of Patent: February 4, 2014
    Assignee: The Sporting Exchange Ltd.
    Inventors: Matthew Peter Youill, Matthew James Carter, Asher Torrence Glynn, Joseph Edward Stapleton
  • Patent number: 8568220
    Abstract: A method of determining liability for a plurality of multiples bets placed via a computerised betting system, each multiples bet comprising a single transaction on a plurality of outcomes selected from a group of possible transactions, the method comprising selecting a most popular transaction from the group, evaluating all other transactions within the group on the basis that the most popular transaction is a winning transaction to produce a first result, evaluating all other transactions within the group on the basis that the most popular transaction is not a winning transaction to produce a second result and selecting one of the first and second results that indicates the worst case liability.
    Type: Grant
    Filed: January 18, 2008
    Date of Patent: October 29, 2013
    Assignee: The Sporting Exchange Ltd.
    Inventors: Iain Johnson Andersen, Matthew James Searle, David Glen Jeffery, Steven John High
  • Patent number: 8348748
    Abstract: Users of a betting exchange system are permitted to bet on poker and other games in which the game has a number of rounds. For a Texas Holdem poker game, each round allows users to submit bets backing and laying one or more hands of cards during a betting window between game transitions, which result in the display to the plurality of users of selected hole or community cards, depending on the round. After each transition, the hands are evaluated to determine if there are any winners or losers and further betting on selected hands may be permitted, or the game may proceed to settlement.
    Type: Grant
    Filed: July 20, 2005
    Date of Patent: January 8, 2013
    Assignee: The Sporting Exchange, Ltd.
    Inventor: Andrew Black
  • Publication number: 20100115059
    Abstract: A method of transaction processing in a system comprising a plurality of distributed nodes, the method comprising the steps of receiving a message at a first node, the message defining an operation to be performed on data associated with an entity, queuing the message for processing by a message handler running on the node, permitting the message handler to process the message, in the event that no other message handler is operating on the data and forwarding the message to a second node for subsequent processing.
    Type: Application
    Filed: December 12, 2007
    Publication date: May 6, 2010
    Applicant: The Sporting Exchange Ltd.
    Inventors: Matthew Peter Youill, Matthew James Carter, Asher Torrence Glynn, Joseph Edward Stapleton
  • Publication number: 20100099489
    Abstract: A betting exchange system receiving bet requests from a plurality of users over a communications network, each of the requests comprising a bet backing an outcome or laying an outcome. The betting exchange system matches respective bets which back and lay a given outcome, and automatically arbitrages unmatched bet requests to thereby generate one or more implied bets made by the system in respect to an outcome for which no bet requests have been received. The implied bets are generated so that the system does not lose money on the implied bets taken together.
    Type: Application
    Filed: December 23, 2009
    Publication date: April 22, 2010
    Applicant: THE SPORTING EXCHANGE LTD.
    Inventor: Andrew Wilson Black
  • Publication number: 20100093430
    Abstract: A method of determining liability for a plurality of multiples bets placed via a computerised betting system, each multiples bet comprising a single transaction on a plurality of outcomes selected from a group of possible transactions, the method comprising selecting a most popular transaction from the group, evaluating all other transactions within the group on the basis that the most popular transaction is a winning transaction to produce a first result, evaluating all other transactions within the group on the basis that the most popular transaction is not a winning transaction to produce a second result and selecting one of the first and second results that indicates the worst case liability.
    Type: Application
    Filed: January 18, 2008
    Publication date: April 15, 2010
    Applicant: THE SPORTING EXCHANGE LTD.
    Inventors: Iain Johnson Andersen, Matthew James Searle, David Glen Jeffery, Steven John High
  • Patent number: 7690991
    Abstract: A betting exchange system receiving a plurality of bet requests backing a given outcome, each backing bet request specifying a price and a size at which an originator of the request is prepared to bet that the given outcome will occur. The betting exchange system receiving a plurality of bet requests laying the given outcome, each laying bet request specifying a price and a size at which an originator of the request is prepared to bet that the given outcome will not occur. The betting exchange system aggregating backing bet requests specifying the same price, aggregating laying bet requests specifying the same price, automatically matching a received backing bet request with individual or aggregated laying bet requests to complete a betting transaction, and automatically matching a received laying bet request with individual or aggregated backing bet requests to complete a betting transaction.
    Type: Grant
    Filed: March 15, 2001
    Date of Patent: April 6, 2010
    Assignee: The Sporting Exchange Ltd.
    Inventor: Andrew Wilson Black
  • Publication number: 20070021172
    Abstract: Users of a betting exchange system are permitted to bet on poker and other games in which the game has a number of rounds. For a Texas Holdem poker game, each round allows users to submit bets backing and laying one or more hands of cards during a betting window between game transitions, which result in the display to the plurality of users of selected hole or community cards, depending on the round. After each transition, the hands are evaluated to determine if there are any winners or losers and further betting on selected hands may be permitted, or the game may proceed to settlement.
    Type: Application
    Filed: July 20, 2005
    Publication date: January 25, 2007
    Applicant: The Sporting Exchange Ltd.
    Inventor: Andrew Black