This inventor holds 3 USPTO granted patents, plus 1 CIPO patent. Top assignees: International Sports Wagering, Inc., Other. Active years: 1996-2011.
Data source: USPTO (United States Patent and Trademark Office) public patent records. Weekly synchronization. How IDiyas builds this profile
Location History:
- Wayne, NJ (US) (1996 - 1998)
- Fort Lee, NJ (US) (2011)
Company Filing History:
2 out of 2 
1 out of 834,601 Years Active: 1996-2011
Title: Barry M Mindes: Innovator in Sports Wagering Technology
Introduction
Barry M Mindes is a notable inventor based in Wayne, NJ (US), recognized for his contributions to the field of sports wagering technology. He holds a total of 3 patents that focus on enhancing the betting experience for punters and improving the overall integrity of betting pools.
Latest Patents
One of his latest patents is titled "Method and system for fixed odds exotic and straight betting with pari-mutuel rules." This innovative system allows bettors to know the exact current odds and specify the minimum fixed odds and/or payout they will receive on a successful bet. It ensures that the betting pool remains a true pari-mutuel, guaranteeing at least one winner regardless of the number and distribution of bets placed. This invention elevates horse race wagering by making it more analytical, allowing bettors to evaluate risks and maximize their chances of winning.
Another significant patent is the "System and method for wagering at fixed handicaps and/or odds." This invention improves data processing systems that enable a betting house to maintain a balanced betting pool on contests involving multiple contestants. It encourages bettors to place bets that will help balance the betting pool while providing mechanisms for hedging bets to guarantee profits or minimize losses. This system can also be applied to games where contestants do not incur actual financial obligations.
Career Highlights
Throughout his career, Barry M Mindes has worked with various companies, including International Sports Wagering, Inc. His work has significantly impacted the sports wagering industry, providing innovative solutions that enhance the betting experience.
Collaborations
Barry has collaborated with notable individuals such as Bernard J Albanese and Richard Hecht, contributing to the development of advanced wagering systems.
Conclusion
Barry M Mindes is a pioneering inventor whose work in sports wagering technology has transformed the betting landscape. His innovative patents continue to influence how bettors engage with wagering systems, ensuring a more equitable and rewarding experience.
Data source: USPTO (United States Patent and Trademark Office) public patent records. Weekly synchronization. How IDiyas builds this profile