WO2002037345A1 - Automatic commodity allocation system and method - Google Patents
Automatic commodity allocation system and method Download PDFInfo
- Publication number
- WO2002037345A1 WO2002037345A1 PCT/AU2001/001406 AU0101406W WO0237345A1 WO 2002037345 A1 WO2002037345 A1 WO 2002037345A1 AU 0101406 W AU0101406 W AU 0101406W WO 0237345 A1 WO0237345 A1 WO 0237345A1
- Authority
- WO
- WIPO (PCT)
- Prior art keywords
- user
- bet
- betting
- portions
- accounts
- Prior art date
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Classifications
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q50/00—Systems or methods specially adapted for specific business sectors, e.g. utilities or tourism
- G06Q50/34—Betting or bookmaking, e.g. Internet betting
-
- G—PHYSICS
- G07—CHECKING-DEVICES
- G07F—COIN-FREED OR LIKE APPARATUS
- G07F17/00—Coin-freed apparatus for hiring articles; Coin-freed facilities or services
- G07F17/32—Coin-freed apparatus for hiring articles; Coin-freed facilities or services for games, toys, sports, or amusements
- G07F17/3286—Type of games
- G07F17/3288—Betting, e.g. on live events, bookmaking
Definitions
- the present invention relates to commodity allocation systems and in particular to automatic commodity allocation systems for allocating portions of an exchangeable commodity obtained in a betting scheme .
- the invention has been developed primarily for use as an automatic commodity allocation system and will be described hereinafter with reference to this application. However, it will be appreciated that the invention is not limited to this particular field of use.
- a user may set up an account with the Internet betting operator. This account may store details such as the user's name and credit card number and a personal security code for access of the website by the user. The user may then access the betting site and play online betting games, such as simulated slot machines and simulated card games. Then, depending on the outcome of the betting game, the user may have cash deducted or deposited into his or her nominated credit card account .
- This account may store details such as the user's name and credit card number and a personal security code for access of the website by the user.
- the user may then access the betting site and play online betting games, such as simulated slot machines and simulated card games. Then, depending on the outcome of the betting game, the user may have cash deducted or deposited into his or her nominated credit card account .
- a system for allocating one or more portions of an exchangeable commodity obtained from participation in a betting scheme into one or more accounts including: means for accepting a bet in the betting scheme; means for determining whether the bet meets predetermined criteria of the betting scheme for obtaining an exchangeable commodity; means for determining the value of the exchangeable commodity to be awarded if the bet meets said predetermined criteria; and means for allocating one or more portions of the exchangeable commodity into the one or more user selectable accounts.
- accounts is to be interpreted broadly and may include bank or financial institution accounts, internet credit storage areas, memory space on a computer, a physical location where the commodity is stored, etc.
- the means for allocating one or more portions is automated.
- the bet is placed by the user. Also preferably, the user predetermines the magnitude of the one or more portions prior to participation in the betting scheme.
- the system includes a programmable storage means able to be read by the means for accepting a bet, the storage means being adapted to store predetermined information regarding the allocation of the one or more portions.
- the storage means is unique to the user and is adapted to store user information.
- the one or more accounts are user selectable .
- the exchangeable commodity held in at least one user selectable account is donated to a predetermined charity at a predetermined time.
- the system further includes means for providing a receipt to the user, the receipt including details of the donation.
- the means for accepting a bet, the means for determining whether the bet meets predetermined criteria, the means for determining the value of the exchangeable commodity and the means for allocating one or more portions are operable by a computer system.
- the means for providing a receipt is also operable by the computer system.
- the computer system is connected to and accessible via the Internet. The system thus may also be facilitated on or by the internet, or by an intranet or other computer network, and may be hosted at one or more web pages at a site/location on the internet, intranet or network.
- a method for allocating one or more portions of an exchangeable commodity obtained from participation in a betting scheme into one or more accounts including the steps of :
- the step of allocating the one or more portions is automated.
- step (i) includes reading a programmable storage means, the storage means being adapted to store predetermined information regarding the allocation of the one or more portions. Also preferably, the storage means is unique to the user and is adapted to store user information.
- the user has the option of altering the outcome of step (iv) at any time during steps (i) to (iv) .
- the one or more accounts are user selectable.
- the exchangeable commodity held in at least one user selectable account is donated to a predetermined charity at a predetermined time.
- the method further includes the step of providing a receipt to the user, the receipt including details of the donation.
- the steps (i) to (iv) are operated by a computer system.
- the step of providing a receipt is also operable by the computer system.
- the computer is connected to and accessible via the Internet. The method thus may also be facilitated on or by the internet, or by an intranet or other computer network, and may be hosted at one or more web pages at a site/location on the internet, intranet or network.
- any reference to "winning a bet” or the like includes where a participant in a betting scheme is entitled to an amount of exchangeable commodity, due to the outcome of a betting event .
- Figure 1 is a flow diagram showing a preferred embodiment of the present invention
- Figure 2 is a flow diagram showing another preferred embodiment of the present invention.
- Figure 3 is a flow diagram showing yet another preferred embodiment of the present invention.
- Preferred embodiments of the invention provide a system for allocating one or more portions of an ⁇ exchangeable commodity, such as money, obtained from participation in a betting scheme, such as horse racing, lotteries, internet betting and the like, into one or more accounts, usually selected by the user.
- the system includes means for accepting a bet in the betting scheme, where the bet is placed by the user.
- the means for accepting a bet will be in the form of an electronic card reader, or the like.
- the card reading means will then relay the information on the card to a computer for storage.
- the system also includes means for determining whether the bet meets predetermined criteria of the betting scheme for obtaining an exchangeable commodity, such as money.
- This means for determining whether the bet meets predetermined criteria would typically be a computer calculatable algorithm which would take information derived by the means for accepting a bet.
- the determining means will then compare the bet information with the predetermined criteria, such as drawn lottery tickets or horse placings in a horse race. From this comparison, the determining means can determine whether a particular bet meets this criteria for being awarded money.
- the system also includes means for determining the amount of money to be awarded if the bet meets the predetermined criteria. This amount will depend on several variables such as whether a payable amount of cash for meeting a predetermined criteria is fixed, for example in many lotteries, or variable depending on odds, for example with horse racing. The determination of the amount of the awarded money may also be dependant on the amount of money bet in the scheme .
- the system also includes means for allocating one or more portions of the money into the one or more user selectable accounts.
- the account selected by the user will be an account set up and managed by the betting scheme proprietors to store money for charitable organisations. Examples of accounts may include bank or financial institution accounts, internet credit storage areas and memory space on a computer. Also, if the exchangeable commodity won by a user is other than money (for example, white goods) , the account may be a physical location where the commodity is stored.
- the accounts are managed by a third party operator who places bets on the user's behalf, typically for a commission.
- the commission may be a fee for participating in a game, and/or a percentage of any of the user's potential winnings.
- the magnitude of the one or more portions is typically determined by the user, though alternatively is determined by the third party operator.
- the system of the invention also includes means for providing a receipt to the user in the form of a receipt printer.
- the receipt would include details of the amount of money deposited into the user selectable account. If the user selectable account relates to one or more charities, the receipt may then be retained by the user for taxation purposes.
- the user uses a programmable storage means in the form of a betting card to place a bet.
- the betting card may be a card with a machine readable magnetic strip or a cardboard card upon which the user indicates his or her betting options by marking the card in predetermined locations.
- the card can store information relating to the one or more charity accounts which the user may have selected.
- the card can also store information relating to the user's desired amount of the one or more portions of money obtained through winning bets in their chosen betting scheme to be deposited into the charity account selected by the user.
- the one or more portions would typically be a percentage of the obtained money.
- the system of the invention can be operated by a computer system and the system can be accessible via the Internet .
- the system thus may also be facilitated on or by the internet, or by an intranet or other computer network, and may be hosted at one or more web pages at a site/location on the internet, intranet or network.
- Another preferred embodiment of the invention provides a method for allocating one or more portions of an exchangeable commodity such as money, obtained from participation in a betting scheme into one or more user selectable accounts.
- the method includes the following steps .
- the user places a bet in the betting scheme.
- the user places this bet using a programmable storage means, such as a card.
- the card may be a card as described above with reference to the embodiment of the invention pertaining to a system.
- the user will then submit his or her card to the proprietors of the betting scheme for insertion in a card reading means.
- the card reading means will then relay the information on the card to a computer for storage.
- step (ii) Determining whether the bet meets predetermined criteria of the betting scheme for obtaining money.
- This step is performed after a predetermined event of the betting scheme has taken place. For example, if the betting scheme was a horse race, this step would take place after the horse race was completed.
- the predetermined criteria would be whether the bet in question chose any one of the horses which came first, second, third, etc in the race.
- this step would typically be performed by a computer calculatable algorithm which would take information derived from the previous step.
- (iii) Determining the amount of the money to be awarded to the user if the bet meets the predetermined criteria. This amount will depend on several variables such as whether a payable amount of cash for meeting a predetermined criteria is fixed, for example in many lotteries, or variable depending on odds, for example with horse racing. The determination of the amount of the awarded money may also be dependant on the amount of money bet in the scheme .
- the user is given the option to amend the outcome of step (iv) .
- the invention can still be performed regardless of whether the user is given such an option.
- the computer system can be configured to periodically transfer the money held by a particular account to the charity to which it is entrusted.
- the preferred embodiments of the invention offer people in the community a convenient way to donate to a charity of their choice without sacrificing personal incomes or taking funds from existing government sources. In the invention, betters are able to select the charities to which they wish to donate money yet have the option of altering details of the donations at any time.
- This example of the invention adapts what may be considered as a "one use only” card betting operation.
- a "one use only” card would typically be a preprinted machine readable betting card upon which a user marks their desired betting details.
- An example where such cards may be used is with horse racing, and the terms of this example will be phrased in reference to that application.
- a preprinted machine readable card for use in horse races typically includes boxes to be marked by a user, the boxes pertaining to horse race location, horse race number, amount of money to be bet on the particular horse race, and the horse that the user wishes to bet upon.
- the betting card would also include user selectable boxes which pertain to charities and the percentage of potential money won in the horse race to be donated to the selected charity.
- the user will firstly decide the horse upon which they wish to bet 10.
- the user will then complete the betting card 12 and at this time decide whether to select the "charity bet” option on the card.
- the user then places their bet 14 by having the completed card read by a card reading device and paying the requisite money for placing the bet.
- the card reading device validates this card and records the details of the bet in a computer system including whether the user has selected the "charity bet" option.
- the user can return his or her validated betting card to the proprietor of the betting scheme to collect their money won.
- the validated betting card is then read by the card reading device and the computer system determines whether the card owner has preselected the "charity bet” option 18. If they did not select the "charity bet” option when completing the card, the user is given their money won in the betting scheme 20. If the user did preselect the charity bet option, they are (optionally) asked if they wish to proceed with the donation preselected on their betting card 22. If the user decides not to proceed with a donation, no donation is made and the winnings are paid to the user 24.
- the computer determines the amount of money to be donated to the preselected charity based on the preselected information and that calculated donation portion is deposited into the preselected charity account 25. A receipt is then printed 26 including details of the donation. The computer also calculates the remaining amount of money to be paid to the user and this remaining amount is paid to the user 28.
- Example 2 This example is for betting schemes where users hold membership accounts with a betting scheme proprietor and as part of that account have a reusable machine readable card.
- the card is typically a plastic card with a machine readable magnetic strip, which holds user details such as name and contact details and account details from which to draw funds .
- the account may be an account held by the betting scheme proprietor into which the user deposits money for later use, or may include details of the user's
- the application form includes "charity bet" options for the user to select.
- These charity bet options include the charity of the user's choice and the proportions of the user's winnings to be donated to the selected charity.
- a user will initially apply for a membership account 30 to the betting institution, which may be a casino for example.
- the membership account application form includes questions regarding whether the user wishes to participate in the "charity bet" options, and if so which charity they may wish to donate a portion of their winnings, and what portion that may be.
- An account membership card is then issued 32 to the user, and the user may place a bet 34, choosing from the casino's various betting games.
- their account card is read and validated by the casino's card reading device, and a connected computer system deducts an amount from the account, being the amount to participate in the game.
- the user does win the particular game, the user has his or her account card validated by the card reading device and the computer system determines whether the card owner has preselected the "charity bet” option 38. If they did not select the "charity bet” option when completing the card, the money won by the user in the game is credited to the user's account 40. If the user did preselect the charity bet option, they are (optionally) asked if they wish to proceed with the donation preselected on their betting card 42. If the user decides not to proceed with a donation, no donation is made and the winnings are paid to the user's account 44.
- the computer determines the amount of money to be donated to the preselected charity based on the preselected information and that calculated donation portion is deposited into the preselected charity account 46.
- a receipt may then be printed 48 at the user's request, the receipt including details of the donation.
- the computer also calculates the remaining amount of money to be paid to the user and this remaining amount is credited to the user's account 50.
- This example demonstrates the invention in use on an Internet based betting scheme.
- the user accesses the betting scheme Internet site 52 using a point of access computer system.
- the web site asks the user if they are a new or existing user. If they are a new user, the user completes an online registration form 54, giving user details such as name, address and credit card account from which funds can be withdrawn by the web site proprietor for the purposes of participating in the betting scheme.
- the registration form also includes questions for the user as to whether they wish to participate in the "charity bet" scheme. If the user decides to participate in the "charity bet” scheme, they are given options of charities to select and options of portions of winnings to donate to the selected charity or charities .
- a personal access code is then given 56 to the user for current and future use of participation in betting on the betting web site.
- the user decides to proceed with placing a bet on the web site, they must first enter their personal access code 58 and then may place the bet of their choice on the game of their choice.
- the computer system running the web betting program checks the user's account and deducts the required amount of money for participation in the game.
- the computer system determines whether the account owner has preselected the "charity bet” option 62. If they did not select the "charity bet” option when completing the registration, the money won by the user in the game is credited to the user's account 64. If the user did preselect the charity bet option, they are (optionally) asked if they wish to proceed with the donation preselected during their registration 66. If the user decides not to proceed with a donation, no donation is made and the winnings are paid to the user's account 68.
- the computer determines the amount of money to be donated to the preselected charity based on the preselected information and that calculated donation portion is deposited into the preselected charity account 70.
- a receipt may then be sent 72 to the user at the user's request, the receipt including details of the donation.
- the receipt may be printed and posted by the Internet site proprietor, sent to the user by email, or printed directly from the user's computer.
- the computer also calculates the remaining amount of money to be paid to the user and this remaining amount is credited to the user's account 74.
- the syndicated bet is for a standard lotto game where 6 numbers are randomly chosen from a pool of 45.
- the operator of the lotto game sets a fee for participating in the game.
- Game participants pay for the right to choose from 6 or more numbers, where the fee for participating is greater for the larger system of numbers chosen. (Where game participants choose a greater number of numbers than the number of numbers drawn in a game, this is called a "systems" entry. In this embodiment, choosing 7 or more numbers is a "systems" entry.)
- First prize is awarded to any game participant who has correctly chosen the 6 numbers which are randomly selected from the pool of 45 during the game.
- Second prize is awarded to any game participant who has correctly chosen any 5 of the 6 numbers which are randomly selected from the pool of 45 during the game.
- Third prize is awarded to any game participant who has correctly chosen any 4 of the 6 numbers which are randomly selected from the pool of 45 during the game.
- a syndicate operator requests expressions of interest from potential participants in a syndicated bet for a lotto game. The syndicate operator then sells shares in the lotto game. When a participant purchases a share in the game, they receive a user card which indicates a randomly selected choice of numbers which are bet on a given lotto game. The cost of the share in the lotto game does not exceed the actual cost to the syndicate operator. That is to say, the participant does not pay the operator a fee to play the game.
- the participant in the lotto game applies for a share in the syndicate, they are given the option of paying a portion of any subsequent winnings to a charity (the "charity portion"), while retaining the balance of the subsequent winnings for themselves. Then, if the syndicate in a given lotto game wins the game, the syndicate operator arranges for payment of the charity portion indicated by the syndicate participants into the chosen charities. There is also an option for each syndicate participant to allocate, or donate, their entire winnings to their predetermined charity, if the winnings are below a predetermined amount . The syndicate operator takes as a fee a portion of the amount of payment due to the charities.
- the syndicate participant is given the option of choosing from one of a selection of randomly chosen numbers.
- the syndicate participant is given the option of choosing their own numbers.
- the syndicate operator takes a fee from participants for participating in a given game.
- this syndicate example can be used in other betting games, such as horse racing, other forms of lottery games, and online betting games.
Abstract
Description
Claims
Priority Applications (2)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
AU2002213659A AU2002213659B2 (en) | 2000-11-02 | 2001-11-01 | Automatic commodity allocation system and method |
AU1365902A AU1365902A (en) | 2000-11-02 | 2001-11-01 | Automatic commodity allocation system and method |
Applications Claiming Priority (2)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
AUPR295100 | 2000-11-02 | ||
AUPR2951 | 2000-11-02 |
Publications (1)
Publication Number | Publication Date |
---|---|
WO2002037345A1 true WO2002037345A1 (en) | 2002-05-10 |
Family
ID=3826975
Family Applications (1)
Application Number | Title | Priority Date | Filing Date |
---|---|---|---|
PCT/AU2001/001406 WO2002037345A1 (en) | 2000-11-02 | 2001-11-01 | Automatic commodity allocation system and method |
Country Status (2)
Country | Link |
---|---|
AU (1) | AU1365902A (en) |
WO (1) | WO2002037345A1 (en) |
Citations (5)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
WO1996025209A1 (en) * | 1995-02-14 | 1996-08-22 | Tradefast 1 (Proprietary) Limited | System for playing games |
US5800268A (en) * | 1995-10-20 | 1998-09-01 | Molnick; Melvin | Method of participating in a live casino game from a remote location |
US5863044A (en) * | 1994-12-05 | 1999-01-26 | Ince; Nicholas Edward | Game and associated apparatus |
US6019283A (en) * | 1989-12-19 | 2000-02-01 | Scotch Twist, Inc. | Gaming machine system operable with general purpose charge cards |
US6112191A (en) * | 1993-02-18 | 2000-08-29 | Every Penny Counts, Inc. | Method and system to create and distribute excess funds from consumer spending transactions |
-
2001
- 2001-11-01 WO PCT/AU2001/001406 patent/WO2002037345A1/en not_active Application Discontinuation
- 2001-11-01 AU AU1365902A patent/AU1365902A/en active Pending
Patent Citations (5)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US6019283A (en) * | 1989-12-19 | 2000-02-01 | Scotch Twist, Inc. | Gaming machine system operable with general purpose charge cards |
US6112191A (en) * | 1993-02-18 | 2000-08-29 | Every Penny Counts, Inc. | Method and system to create and distribute excess funds from consumer spending transactions |
US5863044A (en) * | 1994-12-05 | 1999-01-26 | Ince; Nicholas Edward | Game and associated apparatus |
WO1996025209A1 (en) * | 1995-02-14 | 1996-08-22 | Tradefast 1 (Proprietary) Limited | System for playing games |
US5800268A (en) * | 1995-10-20 | 1998-09-01 | Molnick; Melvin | Method of participating in a live casino game from a remote location |
Also Published As
Publication number | Publication date |
---|---|
AU1365902A (en) | 2002-05-15 |
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