About Longitude

Longitude LLC holds the intellectual property rights for Longitude technology, which uses parimutuel principles to aggregate liquidity and produce fair and efficient prices for applications in a diverse range of industries. The powerful calculation engine and other functionality that underlie Longitude’s unique technology platform are patented globally.

The innovative features of the patented technology platform enable a broad range of possible applications and Longitude LLC is currently exploring new business opportunities for its proprietary system.  Among the business opportunities being considered, Longitude is exploring the introduction of its powerful technology platform to the parimutuel wagering industry.

Recent Highlights

GLI validates Longitude calculations
Gaming Laboratories International, LLC (GLI) has reviewed the mathematical functionality of the calculation odds engine used by Longitude for calculating odds on single pool wagering. Read the letter

Dan Singer - Director, Media and Entertainment Practice, McKinsey & Company - on evaluating innovative wagering platforms for Thoroughbred racing:
"First, let's start with single-pool wagering. That's a technology that would allow tracks to combine all wagers into a single pool for each race. Single-pool wagering can provide decimal odds, limit betting, and increased liquidity, while also facilitating new bet types. It's very interesting technology. ...we think that single-pool wagering is quite promising."
The Jockey Club Annual Round Table Conference, August 14, 2011