Patents by Inventor Nicholas Demino

Nicholas Demino 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 SYSTEM AND METHOD
    Publication number: 20140045588
    Abstract: A method for conducting pari-mutuel wagering on an multi-action event, comprising the steps of providing at least one wagering computing system for ranking of participants in the event; establishing preliminary odds of winning a wager, based in part upon the rankings, for a plurality of individual actions of the multi-action event; accepting wagers for each of the plurality of individual actions; pooling respective wagers for each of the plurality of individual actions into a respective action-specific pool; calculating, using the wagering computing system, final odds of winning each of the plurality of individual actions using the action-specific pool; and paying winnings as determined by the final odds to one or more bettors who wagered a correct outcome for each of the plurality of individual actions.
    Type: Application
    Filed: October 18, 2013
    Publication date: February 13, 2014
    Inventors: Nicholas Demino, Timothy Neary
  • Pari-mutuel wagering system and method
    Patent number: 8585496
    Abstract: A method for conducting pari-mutuel wagering on an multi-action event, comprising the steps of providing at least one wagering computing system for ranking of participants in the event; establishing preliminary odds of winning a wager, based in part upon the rankings, for a plurality of individual actions of the multi-action event; accepting wagers for each of the plurality of individual actions; pooling respective wagers for each of the plurality of individual actions into a respective action-specific pool; calculating, using the wagering computing system, final odds of winning each of the plurality of individual actions using the action-specific pool; and paying winnings as determined by the final odds to one or more bettors who wagered a correct outcome for each of the plurality of individual actions.
    Type: Grant
    Filed: August 2, 2012
    Date of Patent: November 19, 2013
    Inventors: Nicholas Demino, Timothy Neary
  • PARI-MUTUEL WAGERING SYSTEM AND METHOD
    Publication number: 20120295698
    Abstract: A method for conducting pari-mutuel wagering on an multi-action event, comprising the steps of providing at least one wagering computing system for ranking of participants in the event; establishing preliminary odds of winning a wager, based in part upon the rankings, for a plurality of individual actions of the multi-action event; accepting wagers for each of the plurality of individual actions; pooling respective wagers for each of the plurality of individual actions into a respective action-specific pool; calculating, using the wagering computing system, final odds of winning each of the plurality of individual actions using the action-specific pool; and paying winnings as determined by the final odds to one or more bettors who wagered a correct outcome for each of the plurality of individual actions.
    Type: Application
    Filed: August 2, 2012
    Publication date: November 22, 2012
    Inventors: Nicholas Demino, Timothy Neary