Electrical computers and digital processing systems involving interprogram or interprocess communication regarding amusement devices and games

Abstract

Some embodiments may include interaction among sports books. Various other systems and methods are described.

1 . An apparatus comprising:
 a processor; and   a machine-readable medium having stored thereon a set of instructions, which when executed by the processor, cause the apparatus to perform a method comprising:
 identifying a wager that may be placed at a first wagering venue; 
 receiving a plurality of respective indications, in which each respective indication indicates a respective odds for the wager at a respective one of a plurality of second wagering venues; 
 for each of the second wagering venues, determining a respective effect on a market in which the first wagering venue competes; 
 determining a consensus odds includes based on the respective odds for the wager at each of the second wagering venues such that each of the respective odds has an impact on the consensus odds that is proportional to the respective effect of the respective one of the second wagering venues on the market 
 transmitting an indication of the consensus odds to the first wagering venue. 
   
     
     
         2 . An apparatus comprising:
 a processor; and   a machine-readable medium having stored thereon a set of instructions, which when executed by the processor, cause the apparatus to perform a method comprising:
 identifying a first wagering venue at which a wager may be placed; 
 receiving a plurality of respective indications, in which each respective indication indicates a respective odds for the wager at a respective one of a plurality of second wagering venues; 
 determining a set of second wagering venues that define a market in which the first wagering venue competes; 
 determining a consensus odds for the wager based on the respective odds for the wager at each of the second wagering venues of the set of second wagering venues; and 
 transmitting an indication of the consensus odds to the first wagering venue. 
   
     
     
         3 . The apparatus of  claim 2 , in which each wagering venue includes a sports book. 
     
     
         4 . The apparatus of  claim 2 , in which the wager includes an in-game wager. 
     
     
         5 . The apparatus of  claim 2 , in which the wager includes a wager on a competition. 
     
     
         6 . The apparatus of  claim 2 , in which the market includes a geographic market. 
     
     
         7 . The apparatus of  claim 2 , in which the market includes a demographic market. 
     
     
         8 . The apparatus of  claim 2 , in which the set of second wagering venues includes at least one wagering venue located on a different continent than the first wagering venue. 
     
     
         9 . The apparatus of  claim 2 , in which the method further comprises receiving an indication of an odds for the wager at the first wagering venue and in which the consensus odds are also based on the odds for the wager at the first wagering venue. 
     
     
         10 . The apparatus of  claim 2 , in which the consensus odds includes at least one of a median odds, a mean odds, a mode odds, a lowest odds, a highest odds, and an odds based on a mathematical formula. 
     
     
         11 . The apparatus of  claim 2 , in which the method further comprises offering the wager from the first wagering venue with the consensus odds. 
     
     
         12 . The apparatus of  claim 2 , in which the method further comprises:
 for each of the set of second wagering venues, determining a respective effect on the market; and   in which determining the consensus odds includes determining the consensus odds such that each of the respective odds for the wager at each of the second wagering venues of the set has an impact on the consensus odds that is proportional to the respective effect of the respective one of the second wagering venues on the market.   
     
     
         13 . An apparatus comprising:
 a processor; and   a machine-readable medium having stored thereon a set of instructions, which when executed by the processor, cause the apparatus to perform a method comprising:   determining an amount of money wagered on each side of the two sided wager proposition for which a first wagering venue is responsible;   determining a first amount of money that the first wagering venue may be responsible for paying out if the first side of the wager wins based on the amount of money wagered on the first side;   determining a second amount of money that the first wagering venue may take ownership of if the second side of the wager wins based on the amount of money wagered on the first side;   determining a total amount of money that the first wagering venue risks based on the first amount of money and the second amount of money;   identifying a consensus odds for the wager based on odds for the wager at a plurality of second wagering venues and an effect that each of the second wagering venues has on a market in which the first wagering venue competes;   determining that the total amount of money is too large at the consensus odds;   in response to determining that the total amount of money is too large, placing at least one of an order to buy responsibility for wagers on the second side on a wager exchange and an order to sell responsibility for wagers on the first side on the wager exchange.   
     
     
         14 . An apparatus comprising:
 a processor; and   a machine-readable medium having stored thereon a set of instructions, which when executed by the processor, cause the apparatus to perform a method comprising:   identifying a desired odds for a two sided wager proposition;   determining an amount of money wagered on each side of the two sided wager proposition for which a first wagering venue is responsible;   determining a level of risk exposure to the first wagering venue for a first side of the two sided wager proposition based on the amount of money wagered on the first side;   determining an offsetting level of risk exposure to the first wagering venue for the first side of the two sided wager proposition based on the amount of money wagered on the second side;   determining that a total level of risk exposure to the first wagering venue based on the level of risk exposure and the offsetting level of risk exposure is too large at the desired odds;   in response to determining that the total level of risk exposure is too large, facilitating a transaction with a second wagering venue to adjust the amount of money wagered on at least one of the first side and the second side for which the first wagering venue is responsible.   
     
     
         15 . The apparatus of  claim 14 , in which each wagering venue includes a sports book. 
     
     
         16 . The apparatus of  claim 14 , in which the wager includes an in-game wager. 
     
     
         17 . The apparatus of  claim 14 , in which the wager includes a wager on a competition. 
     
     
         18 . The apparatus of  claim 17 , in which the first side of the wager includes a wager that a first sports team will win a particular game and the second side of the wager includes a wager that a second sports team will win the particular game. 
     
     
         19 . The apparatus of  claim 14 , in which the level of risk exposure includes an amount of money that the first wagering venue may be responsible for paying out if the first side of the wager wins, in which the level of offsetting risk exposure includes an amount of money that the first wagering venue may take ownership of if the second side of the wager wins, and in which the total level of risk exposure includes the level of risk exposure minus the offsetting level of risk exposure. 
     
     
         20 . The apparatus of  claim 14 , in which the total level of risk exposure is too large if the total level of risk exposure is above a certain threshold dollar amount. 
     
     
         21 . The apparatus of  claim 14 , in which identifying the desired odds includes determining a consensus odds based on odds for the wager at a plurality of third wagering venues. 
     
     
         22 . The apparatus of  claim 21 , in which the method further comprises:
 receiving a plurality of respective indications, in which each respective indication indicates a respective odds for the wager at a respective one of the plurality of third wagering venues;   for each of the third wagering venues, determining a respective effect on a market in which the first wagering venue competes; and   in which determining the consensus odds includes determining the consensus odds such that each of the respective odds for the wager at each of the third wagering venues has an impact on the consensus odds that is proportional to the respective effect of the respective one of the third wagering venues on the market.   
     
     
         23 . The apparatus of  claim 14 , in which facilitating the transaction includes placing at least one of an order to buy responsibility for wagers on the second side and an order to sell responsibility for wagers on the first side on a wager exchange. 
     
     
         24 . The apparatus of  claim 14 , in which the method further compromises offering the wager from the first wagering venue with the desired odds.