Method and system for integrating bank data and platforms on a wagering platform
A system to provide the user of an in play wagering system in which all of the user's wallet information is handled by a third party bank network keeping user account information private from the wagering system while providing the wagering system with verification of the user's ability to cover the wager as well ensure the wager is below user specific risk limitations.
1. A system to provide banking services to users of gambling games for gambling on a live event, the system comprising:
a wagering network that hosts in-play wagering on the live event;
at least one bank network; and
an account database comprising data representing at least one risk limitation,
wherein the at least one risk limitation is less than an amount of total funds available in an account;
the bank network ensures wagers on the live event fall inside of the at least one risk limitation after a wager is selected but before the wager is placed with the wagering network, and
the bank network is integrated on the wagering network.
2. The system of claim 1 , further comprising a verify module that performs a comparison of user bank account information with wager information.
3. The system of claim 2 , wherein the bank account information comprises at least one of account balance and the at least one risk limitation.
4. The system of claim 2 , wherein the wager information comprises an amount of the wager and odds associated with the wager.
5. The system of claim 2 , wherein the verify module compares account balance of the user to the wager amount and, if the account balance is less than the wager amount, declines the wager on the wagering network.
6. The system of claim 5 , wherein if the verify module compares the wager amount to the one or more risk limits of the user, and, if the wager amount exceeds any one of the one or more risk limits, decline the wager on the wagering network.
7. The system of claim 1 , further comprising a payout module, and the payout module queries if a wager has been made on the wagering network by a user and, if a wager has been made by the user, receives a wager amount, odds of the wager, results of a play associated with the wager, results of the wager, and information about the user.
8. The system of claim 7 , wherein the payout module acts to add funds to the account of the user if a wager is successful and takes funds from the account of the user if the wager is unsuccessful.
9. The system of claim 1 , wherein the at least one risk limitations of the user are set by one of the user, the wagering network, and a holder of the account of the user.
10. The system of claim 1 , further comprising adjusting the an account balance on the bank network based on the wager outcome while shielding banking data of the account from the wagering network.
11. The system of claim 1 , wherein the risk limitation is determined before a first wager on the live event.
12. The system of claim 1 , wherein the wagering platform is not provided with a total amount of funds.