Burton Simon

Title: The Innovative Mind of Burton Simon

Introduction

Burton Simon is a notable inventor based in Silverthorne, Colorado. He has made significant contributions to the field of sports betting technology, holding a total of 6 patents. His work focuses on enhancing the betting experience through innovative systems that leverage real-time data and strategic betting.

Latest Patents

One of Simon's latest patents is a live-event betting system that features strategic bets placed by the house. This in-progress sports betting system aims to provide improved estimated payoff odds for non-fixed-odds betting. The system includes an intelligent subsystem designed to estimate real-time probabilities of outcomes associated with live events. A host computer is capable of accepting bets from players, placing bets on behalf of the house based on real-time probability estimates, and maintaining a detailed electronic record of all betting activity. This system continuously estimates and posts payoff odds for players and distributes payoffs on winning bets when the betting events conclude. The purpose of the house bets is to strategically adjust the real-time posted payoff odds and create additional revenue for the house. Players can interact with the host computer and place bets through various physical devices, including mobile electronic devices, personal computers, or stationary kiosks.

Another notable patent involves a tournament based on poker-like games that are linked to live sporting events. This tournament is played over a network and consists of rounds of a poker-like game based on the action in one or more live sporting events. The number of hands played and the timing of those hands are consistent for every player in the tournament, independent of the number of participants. The prize structure can also be independent of the number of players and is announced in advance. The tournament is designed around closely associated betting events, such as the drives in a single football game, and the poker-like games utilize chips, with the winners being the players with the largest chip counts at the end of the tournament.

Career Highlights

Burton Simon has established himself as a key figure in the realm of sports betting technology. His innovative approaches have not only advanced the industry but have also provided new opportunities for players and betting houses alike. His patents reflect a deep understanding of both technology and the dynamics of live sports events.

Collaborations

Simon has worked alongside talented individuals such as Brian Van Duzee and Tracy Ericson. Their collaborative efforts have contributed to the development of groundbreaking technologies in the sports betting sector