Connecting my 360 to internet with my laptop

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I have a (USB) Novatel Wireless broadband modem pluged into my laptop for internet and want to play my x box live through it. I keep getting IP address failed in the connect to live trouble shooting deal. It says "Your console was unable to negotiate a lease with your server" and that I need to "If you are using a router or gateway, verify that it is configured to assign IP addresses to network devices (DHCP enabled)".

What can I do to fix this?

Thanks, JR
 
Is the console connected to the laptop's ethernet port?

If so, do you have Windows set to share the Internet connection?
 
Yes the ethernet cord is hooked up properly. And Yes internet sharing in on.

I have a Toshiba satellite series A215-S4757
 
I believe Blind Dragon hit on a point not mentioned above. If you are connecting your laptop into a router, you can connect the 360 directly into one of the wired ports on the router, depending on where the router is located within your house. This would be the easiest way to go, not to mention picking up an additional 44 mbps over the limited 56 mbps that a wireless router/connection operates on.
 
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