SYSTEM AND METHOD FOR WAGERING AT FIXED HANDICAPS AND/OR ODDS ON A SPORTS EVENT

摘要

A data processing system and method is described that allows a betting "house" to maintain a betting pool on a contest by controlling the terms; for example the betting odds and/or handicaps, for the contestants so that bettors are encouraged to place bets that will bring the betting pool or the "book" into balance. The data processing system includes a central processor (300), data storage (316), archieval data storage (314), TV distribution system (320), betting stations/terminals (302, 304, 308) and management terminals (312). The data processing system calculates an imbalance of the betting pool, determines on the basis of predetermined criteria whether to change the betting terms, and changes the betting terms accordingly.