Betting-products matched bargain method and system

Abstract

A betting exchange method is provided that comprises receiving offers from at least one user and using proportional calculation to determine whether the offers satisfy transaction criteria among themselves; each of said offers comprises a buyer who request (buys) a bet of an outcome or a seller who provides (sells) a bet of an outcome. The invention also provided a bet trading system comprising a receiver to receive offers from at least one user, each of said offers comprises a buyer who requests (buys) a bet of an outcome or a seller who provides (sells) a bet of an outcome; and a decision-maker uses proportional calculation to determine whether the offers satisfy transaction criteria among themselves.

1 . A method of operating a bet trading platform which comprises receiving offers from at least one user and using proportional calculation to determine whether the offers satisfy transaction criteria among themselves; each of said offers comprises a buyer who request (buys) a bet of an outcome or a seller who provides (sells) a bet of an outcome. 
   
   
       2 . A method according to  claim 1 , wherein said proportional calculation comprises odds parameter. 
   
   
       3 . A method according to  claim 1 , wherein said proportional calculation further comprises converting the bets by using the odds, quantities or prices as the standard to match. 
   
   
       4 . A method according to  claim 1 , wherein the buyer requests (buy) a bet of an outcome from a primary or secondary market, the seller provides (sell) a bet of an outcome to a secondary market; and the proportional calculation comprises matching a portion, one or plural of bet-demand with a portion, one or plural of bet-supply. 
   
   
       5 . A method according to  claim 1 , wherein said bet further comprises betting derivatives. 
   
   
       6 . A method according to  claim 1 , wherein said calculation comprises bargaining together method or continuous bargain method. 
   
   
       7 . A method according to  claim 1 , wherein said sellers further comprise external bookmarkers. 
   
   
       8 . A method according to  claim 1 , wherein said offers comprise stop-loss orders or limit orders. 
   
   
       9 . A method according to  claim 1 , further comprises generating an implied bet in respect of an outcome for the absence of one-side bets (buy or sell). 
   
   
       10 . A method according to  claim 1 , comprises embedding a better price or odds in a bet request or a bet supply if the better price or odds is available and matching the requested or provided bet at the better price of odds. 
   
   
       11 . A method according to  claim 1 , further comprises representing said buyer to request bets from bookmarker(s). 
   
   
       12 . A bet trading platform system comprises:
 a receiver to receive offers from at least one user, each of said offers comprises a buyer who requests (buys) a bet of an outcome or a seller who provides (sells) a bet of an outcome; and   a decision-maker uses proportional calculation to determine whether the offers satisfy transaction criteria among themselves.   
   
   
       13 . A system according to  claim 12 , wherein proportional calculation comprises odds parameter. 
   
   
       14 . A system according to  claim 12 , further comprises a storage medium for storing information. 
   
   
       15 . A system according to  claim 12 , further comprises one or more interface(s) adapted for input or output between said user(s) associated with the system. 
   
   
       16 . A system according to  claim 12 , further comprises a communication module for communication. 
   
   
       17 . A system according to  claim 12 , further comprises a clearing house for the bet exchange settlement. 
   
   
       18 . A machine-readable medium for storing instructions that cause the medium to comprise receiving offers from at least one user, each of said offers comprises a buyer who requests (buys) a bet of an outcome or a seller who provides (sells) a bet of an outcome; and using proportional calculation to determine whether the offers satisfy transaction criteria among themselves. 
   
   
       19 . A machine-readable medium according to  claim 18 , wherein proportional calculation comprises odds parameter. 
   
   
       20 . A machine-readable medium according to  claim 18 , further comprises means for generating an implied bet in respect of an outcome for the absence of one-side bets (buy or sell). 
   
   
       21 . A machine-readable medium according to  claim 18 , wherein each of the bet requests or the bet supplies comprises at least one of price, odds or quantity parameters. 
   
   
       22 . A machine-readable medium according to  claim 18 , wherein the machine further comprises representing said users to request bets from external bookmarker(s).