Jackpot Race Event System for Wagering Load Distribution
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Solution Overview
Problem
Existing wagering systems experience peak network resource consumption during specific races, leading to inefficiencies in bet placement and settlement, as all bets are typically received and settled at once, causing a spike in activity.
Innovation Solution
Implementing a jackpot race event system where qualifying bets across multiple races are aggregated, allowing customers to earn jackpot bets based on the outcomes of these qualifying races, which are then used to allocate a portion of the payout to a common pari-mutuel pool, spreading the load on network resources throughout the day.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If all bets are received and settled at once during specific races, then complete wagering data is captured for those races, but network resource consumption spikes and efficiency decreases
Solution Approach 1:
The wagering system segments the betting process into multiple phases: qualifying bets placed throughout the day are separated from jackpot bets. The qualifying phase collects bets on individual races, while the jackpot phase consolidates these into a single event. This segmentation distributes network traffic over time, preventing spikes while ensuring complete wagering data is captured through the aggregation mechanism.
Solution Approach 2:
The system performs preliminary actions by collecting and validating qualifying bets throughout the day before the jackpot race. Bets are pre-processed, stored, and verified as meeting qualification criteria (e.g., exacta, trifecta, quinella bets on specified races). This preliminary collection and validation phase ensures complete wagering data is captured before the final jackpot settlement, distributing the processing load.
2Productivity
If bets are placed and settled over a longer period, then network resource consumption is reduced and efficiency increases, but the complexity of managing qualifying bets across multiple races increases
Solution Approach 1:
The jackpot race event serves as a universal mechanism that handles multiple functions: it processes various bet types (exacta, trifecta, quinella, superfecta), manages multiple qualifying races, tracks customer eligibility, and consolidates payouts. This multi-functional design simplifies the overall system by using a single jackpot event framework to manage the complexity of distributed bet collection and settlement across multiple races.
Solution Approach 2:
The jackpot race pool acts as an intermediary mechanism between qualifying bets and final payouts. Instead of directly settling each qualifying bet individually, the system uses the jackpot pool to aggregate funds from qualifying bets and distribute them based on jackpot race outcomes. This intermediary structure manages the complexity of tracking and settling bets across multiple races through a centralized pool management system.
3Adaptability or versatility
If a jackpot race event is implemented with qualifying bets from multiple races, then customer wagering opportunities increase, but the complexity of bet allocation and payout distribution increases
Solution Approach 1:
The system merges multiple qualifying bets from different races into a single jackpot race event. Customers place qualifying bets on various races (exacta, trifecta, etc.), and these are combined into a unified jackpot pool. The complexity of tracking individual bets across races is managed by merging them into a single jackpot event with consolidated allocation rules, simplifying payout distribution while maintaining diverse wagering opportunities.
Solution Approach 2:
The system changes the parameters of bet allocation by transitioning from individual race payout structures to a jackpot-based structure. Instead of settling each qualifying bet according to its specific race outcome, the system transforms eligible bets into jackpot bets with standardized allocation rules based on the jackpot race results. This parameter change simplifies the allocation and distribution process while preserving customer wagering flexibility.
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.