Summary of quick pick odd/payoff stabilizer

• US 20050176495A1
• Filed: 09/15/2003
• Published: 08/11/2005
• Est. Priority Date: 09/15/2003
• Status: Abandoned Application

• Current Assignee: ASIP Holdings Incorporated
• Original Assignee: ASIP Holdings Incorporated
• Inventors: Stronach, Andrew
• Application Number:
  US10/895,449
• Publication Number:
  US 20050176495A1
• Time in Patent Office: Days
• US Class Current: 463/25
• CPC Class Codes: G07F 17/32 for games, toys, sports, or amusements
• CPC Class Codes: G07F 17/3244 Payment aspects of a gaming system, e.g. payment schemes, setting payout ratio, bonus or consolation prizes
• CPC Class Codes: G07F 17/3267 Game outcomes which determine the course of the subsequent game, e.g. double or quits, free games, higher payouts, different new games

Abstract

A wagering system on race events has pools wherein an initial wager is placed by a player in an wagering terminal that automatically selects race contestants for wagers on at least a first racing event. The system enables at least a portion of any winnings from the initial wager to be applied automatically (without player intervention) as wagers in at least one additional race event finishing subsequent to a finish in the first race event.

Claims

13-1. The wagering system of claim 1 wherein at least some of any winnings from the initial wager are programmed to be wagered in additional wagers at higher odds than the initial wager.