Electrical Computers and Digital Processing Systems Involving Interprogram or Interprocess Communication for Risks in a Combined Booked and Pari-Mutuel Environment

1 . An apparatus comprising:

a processor; and

a non-transitory medium having stored thereon a plurality of instructions that when executed by the processor cause the apparatus to:

receive a request for a first wager on an event from a first user;

form the first wager between the first user and a book of wagers;

in response to receiving the request, determine at least a portion of the first wager to place with a pari-mutuel pool of wagers;

in response to determining the at least the portion, form a second wager defined by the at least the portion of the first wager with the pool to create the second wager between the book and the pool;

resolve the first wager with the first user based on an outcome of the event; and

resolve the second wager with the pool based on the outcome of the event.

2 . The apparatus of claim 1 , in which the at least the portion includes less than all of the first wager.

3 . The apparatus of claim 1 , in which the apparatus is caused to:

in response to forming the first wager, providing a rebate to the first user from portions of wagers placed with the book that are not placed with the pool.

4 . The apparatus of claim 3 , in which a size of the rebate is based on a characteristic of the first wager established to incentivize a particular type of wager.

5 . The apparatus of claim 1 , in which the apparatus is caused to:

at the end of a wagering period for the pool after the first wager is formed, receiving an indication of odds for the second wager; and setting odds for the first wager to match the odds for the second wager.

6 . The apparatus of claim 1 , in which the pool includes a totalizator that provides pari-mutuel wagering functionality to customers of the book and other customers.

7 . The apparatus of claim 1 , in which the apparatus is caused to:

unpack the first wager into subwagers; and

in which the at least the portion includes at least a part of one subwager of the subwagers.

8 . The apparatus of claim 7 , in which the first wager includes a win-place-or-show wager and the at least the portion includes at least a part of only the show part of the win-place-or-show wager.

9 . The apparatus of claim 1 , in which placing in the pool includes forming the second wager.

10 . The apparatus of claim 1 , in which a size of the at least the portion is determined based on a riskiness of the first wager such that a larger portion is determined for more risky wagers than for less risky wagers.

11 . The apparatus of claim 1 , in which the apparatus is caused to:

determine whether any of the first wager should be placed in the pool; and

in which determining the at least the portion is performed in response to determining that at least some of the first wager should be placed in the pool.

12 . The apparatus of claim 1 , in which the book of wagers includes a race and sportsbook.

13 . The apparatus of claim 1 , in which resolving the first wager includes at least one of: making a payment, crediting an account, transmitting information identifying an outcome of the first wager, and setting a status of the first wager in a data structure.

14 . The apparatus of claim 1 , in which resolving the second wager includes at least one of: receiving a payment, accepting money into an account, receiving information identifying an outcome of the second wager, and setting a status of the second wager in a data structure.

15 . An apparatus comprising:

a processor; and

a non-transitory medium having stored thereon a plurality of instructions that when executed by the processor cause the apparatus to:

receive a request for a first wager on an event from a first user;

determine whether any of the first wager should be placed in a pari-mutuel pool of wagers;

if it is determined that at least some of the first wager should be placed in the pool:

form the first wager between the first user and a book of wagers;

determine at least a portion of the first wager to place with a pool of wagers;

in response to determining the at least the portion, form a second wager defined by the at least the portion of the first wager with the pool to create the second wager between the book and the pool;

resolve the first wager with the first user based on an outcome of the event;

resolve the second wager with the pool based on the outcome of the event;

if it is determined that none of the first wager should be placed in the pool:

form the first wager between the first user and the book of wagers; and

resolve the first wager with the first user based on the outcome of the event.

16 . The apparatus of claim 15 , in which determining whether any of the first wager should be placed in the pool includes determining whether the first wager includes a level of risk that is greater than another wager.

17 . A method comprising:

receiving, by a computing device, a request for a first wager on an event from a first user;

forming, by the computing device, the first wager between the first user and a book of wagers;

in response to receiving the request, determining, by the computing device, at least a portion of the first wager to place with a pari-mutuel pool of wagers;

in response to determining the at least the portion, forming, by the computing device, a second wager defined by the at least the portion of the first wager with the pool to create the second wager between the book and the pool;

resolving, by the computing device, the first wager with the first user based on an outcome of the event; and

resolving, by the computing device, the second wager with the pool based on the outcome of the event.

18 . The apparatus of claim 1 , in which forming the first wager is performed in response to receiving the request and in which determining the at least the portion of the first wager is performed in response to forming the first wager.