View source for DK Crown Holdings Inc. (20240212439). Bet Placement simplified abstract

=Bet Placement=


==Organization Name==

[[:Category:DK Crown Holdings Inc.|DK Crown Holdings Inc.]]


[[Category:DK Crown Holdings Inc.]]

==Inventor(s)==

[[:Category:John Creaner of Dublin (IE)|John Creaner of Dublin (IE)]][[Category:John Creaner of Dublin (IE)]]

[[:Category:Ozan Gursoy of Dublin (IE)|Ozan Gursoy of Dublin (IE)]][[Category:Ozan Gursoy of Dublin (IE)]]

[[:Category:Dhruv Ishpuniani of Dublin (IE)|Dhruv Ishpuniani of Dublin (IE)]][[Category:Dhruv Ishpuniani of Dublin (IE)]]

[[:Category:Victor Masutani of Dublin (IE)|Victor Masutani of Dublin (IE)]][[Category:Victor Masutani of Dublin (IE)]]

[[:Category:Oleg Gelman of Sofia (BG)|Oleg Gelman of Sofia (BG)]][[Category:Oleg Gelman of Sofia (BG)]]

==Bet Placement - A simplified explanation of the abstract==


This abstract first appeared for US patent application 20240212439 titled 'Bet Placement

The patent application describes systems and processes for a bet processing system for independent and/or live on-line gaming.

* Front-end system (FES) includes servers that handle operations like communicating betting options, receiving bets, monitoring events, and validating bets.
* Back-end system (BES) is coupled to the FES and verifies users, validates user funds, and reserves funds for covering bets.
* FES operates independently of BES, with a wager server communicating betting options and a gaming server monitoring events and validating bets.

Potential Applications:
- Online sports betting platforms
- Live casino gaming websites
- Virtual reality betting experiences

Problems Solved:
- Efficient processing of bets in real-time
- Secure handling of user funds
- Seamless user experience across different gaming events

Benefits:
- Enhanced user engagement
- Increased trust and security for users
- Streamlined bet processing system

Commercial Applications:
Title: "Innovative Bet Processing System for Online Gaming Platforms"
This technology could revolutionize the online gambling industry by providing a seamless and secure betting experience for users. It could be integrated into various online gaming platforms to enhance user engagement and increase revenue streams.

Prior Art:
Readers can explore prior patents related to online betting systems, user verification processes, and fund management in online gaming platforms to understand the evolution of this technology.

Frequently Updated Research:
Stay updated on advancements in online gambling regulations, user data protection measures, and technological innovations in the online gaming industry to ensure compliance and competitiveness.

Questions about Bet Processing System for Online Gaming Platforms:
1. How does the system ensure the security of user funds during the betting process?
The system uses a back-end system to verify users, validate user funds, and reserve funds for covering bets, ensuring secure handling of user funds.
2. What measures are in place to prevent fraudulent activities in the betting process?
The system includes monitoring of events and validation of bets to detect any suspicious activities and ensure fair gameplay.


==Original Abstract Submitted==

systems and processes for bet processing system for independent and/or live on-line gaming are disclosed. for an implementation, a system may include a front-end system (fes) that includes at least one fes server performs first front-end operations including communicating a betting option for an event to a user device, receiving a bet, from the user device, for the event, monitoring the event, and validating the bet. the system may include a back-end system (“bes”) coupled to the fes, which includes at least one bes server configured receive the bet from the fes, verify the user, validating user funds and designate, from the user funds, reserved funds for covering the bet. the front-end operations are performed independently of the back-end operations. the fes may include a wager server communicating the betting option to the user device and receiving the bet, and a gaming server monitoring the event and validating the bet.



[[Category:G07F17/32]]
[[Category:CPC_G07F17/323]]