Patents by Inventor Ernie Smith

Ernie Smith has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Pari-mutuel wagering apparatus and method
    Patent number: 8460079
    Abstract: A handheld device in communication with a tote board of at a pari-mutuel wagering event receives data concerning the competitive entries and the odds associated with each entry. For each event, a total bet is determined and a subset of entries picked for which the total bet is to be allocated among. A computation is made as to the allocation based on the current odds of each entry and the desired rate of return on the total bet if any of the selected entries wins. The bet and entry data is then uploaded to the tote board at which it is accepted and entered.
    Type: Grant
    Filed: March 19, 2012
    Date of Patent: June 11, 2013
    Inventor: Ernie Smith
  • PARI-MUTUEL WAGERING APPARATUS AND METHOD
    Publication number: 20120302322
    Abstract: A handheld device in communication with a tote board of at a pari-mutuel wagering event receives data concerning the competitive entries and the odds associated with each entry. For each event, a total bet is determined and a subset of entries picked for which the total bet is to be allocated among. A computation is made as to the allocation based on the current odds of each entry and the desired rate of return on the total bet if any of the selected entries wins. The bet and entry data is then uploaded to the tote board at which it is accepted and entered.
    Type: Application
    Filed: March 19, 2012
    Publication date: November 29, 2012
    Inventor: Ernie Smith
  • Pari-mutuel wagering system
    Patent number: 8137175
    Abstract: For a race or contest in which a predetermined number of entries compete for winning position wherein for each of the entries respective predetermined odds of winning are given, a method is provided for determining a plurality of wagers wherein each of the wagers is to be placed on a respective one in a subset of the entries. In accordance with such method, initial criteria that all of the wagers must satisfy is established. Next, a maximum wager total being a sum of all of the wagers is determined. Finally, each of the wagers is calculated in accordance with the criteria and the maximum wager total.
    Type: Grant
    Filed: February 27, 2006
    Date of Patent: March 20, 2012
    Inventor: Ernie Smith
  • Pari-Mutuel Wagering System
    Publication number: 20080254863
    Abstract: For a race or contest in which a predetermined number of entries compete for winning position wherein for each of the entries respective predetermined odds of winning are given, a method is provided for determining a plurality of wagers wherein each of the wagers is to be placed on a respective one in a subset of the entries. In accordance with such method, initial criteria that all of the wagers must satisfy is established. Next, a maximum wager total being a sum of all of the wagers is determined. Finally, each of the wagers is calculated in accordance with the criteria and the maximum wager total.
    Type: Application
    Filed: February 27, 2006
    Publication date: October 16, 2008
    Inventor: Ernie Smith