Jackpot Race Event System for Load Distribution
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Solution Overview
Problem
Existing betting systems experience peak network resource consumption during specific races, leading to inefficiencies and bottlenecks, as all bets are typically placed and settled at once, causing strain on the system.
Innovation Solution
Implementing a jackpot race event system where qualifying bets from throughout the day contribute to a jackpot race event at the end of the day, spreading the betting load and payout processes over a larger period, allowing for more efficient network resource utilization and increased throughput.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If all bets are placed and settled at once during specific races, then the betting system can process complete wagering transactions, but network resource consumption peaks causing system strain and bottlenecks
Solution Approach 1:
The patent segments the betting process into multiple phases: qualifying bets placed throughout the day are separated from the jackpot race bets. The qualifying bets are processed and settled individually as races occur, while jackpot bets are accumulated and settled separately at the end. This segmentation distributes network load across multiple time points rather than concentrating all processing at once, resolving the contradiction between maintaining productivity and reducing network strain.
2Ease of operation
If bets are concentrated on specific races, then betting activity can be intense and engaging for users, but the system experiences bottlenecks and reduced efficiency
Solution Approach 1:
The patent implements preliminary action by requiring bettors to place qualifying bets on designated races throughout the day before they can participate in the jackpot race. These qualifying bets are processed and settled in advance, building anticipation and engagement while distributing system load. The jackpot race itself becomes a culminating event that rewards prior participation, maintaining user engagement while improving overall system throughput by avoiding concentration of all betting activity at single race moments.
Data Source
AI summary
A system for wagering on a jackpot race event, comprises a memory and a processor. The memory stores a qualifying bet associated with a customer and comprising a first bet component and a second bet component. The first bet component is associated with a first qualifying race event and comprises a first bet amount. The second bet component is associated with a second qualifying race event and comprises a second bet amount. The processor identifies the outcome of the first and second bet components. If both the first bet component and the second bet components are winning bets, the processor allocates to the customer a particular number of jackpot bets for a jackpot race event. The particular number of jackpot bets is based at least in part upon the first bet amount and the second bet amount. The first bet amount is allocated to a common pari-mutuel pool for the first qualifying race event.