Pari-mutuel sports wagering system
First Claim
1. A pari-mutuel wagering method comprising the steps of:
- offering a plurality of wagering options relating to a human sporting event to a plurality of bettors;
taking wagers from the bettors to create a pool of wagers on the human sporting event;
allocating a portion of the pool of wagers as commission to an operator;
allocating the remainder of the pool of wagers as a common pari-mutuel fund for paying winning wagers;
determining whether each wager is a winning wager; and
paying each bettor an amount from the common pari-mutuel fund for each winning wager respectively made by the bettor.
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Accused Products
Abstract
This invention relates to sports and event wagering, particularly to a new sport and event wagering game and system. This game and supporting system allows pari-mutuel wagering with respect to new areas other than horse or dog racing, which will expand the sports wagering industry to encompass new areas of interest and enjoyment to bettors. Specifically, pari-mutuel wagering is enabled with respect to the performance statistics of individual sport or event participants, combinations of sport participants, combinations of event participants, and sport teams. This wagering game is supported by an electronic system, which allows interaction with the game via various communications methods, remotely or in-person, which can allow or restrict wagering activity based upon bettor location.
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Citations
31 Claims
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1. A pari-mutuel wagering method comprising the steps of:
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offering a plurality of wagering options relating to a human sporting event to a plurality of bettors;
taking wagers from the bettors to create a pool of wagers on the human sporting event;
allocating a portion of the pool of wagers as commission to an operator;
allocating the remainder of the pool of wagers as a common pari-mutuel fund for paying winning wagers;
determining whether each wager is a winning wager; and
paying each bettor an amount from the common pari-mutuel fund for each winning wager respectively made by the bettor. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20)
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21. A pari-mutuel wagering method comprising the steps of:
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offering a plurality of wagering options to bettors relating to performance statistics for participants in a human contest;
taking wagers from the bettors to create a pool of wagers on the human contest;
allocating a portion of the pool of wagers as commission to an operator;
allocating the remainder of the pool of wagers as a common pari-mutuel fund for paying winning wagers;
determining whether each wager is a winning wager; and
paying each bettor an amount from the common pari-mutuel fund for each winning wager respectively made by the bettor. - View Dependent Claims (22, 23, 24)
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25. A system for pari-mutuel sports wagering comprising:
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at least one processing element which is adapted to receive wagers on human sporting events, to calculate odds relating to the wagers based on a pari-mutuel wagering strategy, to determine whether the received wagers are winning wagers, and to determine a payout amount for the winning wagers based on the pari-mutuel wagering strategy;
a plurality of linking elements which are communicatively coupled to the at least one processing element and which are adapted to allow for communication with the at least one processing element; and
a plurality of input elements which are communicatively coupled to the plurality of linking elements and which allow bettors to communicate with the at least one processing element in order to place wagers. - View Dependent Claims (26, 27, 28, 29, 30, 31)
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Specification