System and method for pari-mutuel gaming based on sporting event results
First Claim
1. A method of pari-mutuel gaming, comprising:
- receiving a plurality of bets regarding the result of a game for each of a plurality of users, wherein each bet has an associated unit stake and wherein the result of the game for each user is based on a set of rules and one or more inputs;
assigning each received bet to one of a plurality of sporting events, each sporting event corresponding to one of a plurality of pari-mutuel wager pools; and
for a particular sporting event corresponding to a particular one of the plurality of pari-mutuel wager pools;
determining the value of the particular pari-mutuel wager pool, the value comprising at least a portion of the total of the unit stakes of the received bets assigned to the particular sporting event;
for each received bet assigned to the particular sporting event, determining one or more inputs for the game based on event results from the particular sporting event;
for each received bet assigned to the particular sporting event, determining a result of the game based at least on the set of rules and the one or more determined inputs for that bet;
for each received bet assigned to the particular sporting event, determining whether the bet is a winning bet based on the result of the game for that bet; and
for each determined winning bet, determining an amount of a payout based at least on the unit stake associated with that bet, the total unit stake associated with all determined winning bets, and the value of the particular pari-mutuel wager pool for the particular sporting event.
1 Assignment
0 Petitions
Accused Products
Abstract
A method of pari-mutuel betting is provided. Bets regarding the result of a game, such as a casino game for example, are received from a number of users. Each bet has a unit stake. One or more inputs for the game are determined based on event results from a sporting event. A result of the game is determined for a particular bet based at least on a set of rules associated with the game and the one or more determined inputs. If the particular bet is determined to be a winning bet based on the result of the game for the particular bet, a payout is determined for the particular bet based at least on the unit stake associated with the particular bet and the value of the pari-mutuel wager pool that includes at least a portion of the total of the unit stakes of the plurality of received bets.
116 Citations
98 Claims
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1. A method of pari-mutuel gaming, comprising:
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receiving a plurality of bets regarding the result of a game for each of a plurality of users, wherein each bet has an associated unit stake and wherein the result of the game for each user is based on a set of rules and one or more inputs;
assigning each received bet to one of a plurality of sporting events, each sporting event corresponding to one of a plurality of pari-mutuel wager pools; and
for a particular sporting event corresponding to a particular one of the plurality of pari-mutuel wager pools;
determining the value of the particular pari-mutuel wager pool, the value comprising at least a portion of the total of the unit stakes of the received bets assigned to the particular sporting event;
for each received bet assigned to the particular sporting event, determining one or more inputs for the game based on event results from the particular sporting event;
for each received bet assigned to the particular sporting event, determining a result of the game based at least on the set of rules and the one or more determined inputs for that bet;
for each received bet assigned to the particular sporting event, determining whether the bet is a winning bet based on the result of the game for that bet; and
for each determined winning bet, determining an amount of a payout based at least on the unit stake associated with that bet, the total unit stake associated with all determined winning bets, and the value of the particular pari-mutuel wager pool for the particular sporting event. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25)
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26. A method of pari-mutuel gaming, comprising:
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receiving a plurality of bets regarding the result of a game for each of a plurality of users, wherein each bet has an associated unit stake and wherein the result of the game for each user is based on a set of rules and one or more inputs;
determining one or more inputs for the game based on event results from a sporting event;
determining a result of the game for a particular bet received from a particular user based at least on the set of rules and the one or more determined inputs;
determining whether the particular bet is a winning bet based on the result of the game for the particular bet; and
if the particular bet is determined a winning bet, determining an amount of a payout for the particular bet based at least on the unit stake associated with the particular bet and the value of a pari-mutuel wager pool, the value of the pari-mutuel wager pool comprising at least a portion of the total of the unit stakes of the plurality of received bets. - View Dependent Claims (27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49)
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50. A system for pari-mutuel gaming, comprising:
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a memory operable to store a plurality of bets regarding the result of a game for each of a plurality of users, wherein each bet has an associated unit stake and wherein the result of the game for each user is based on a set of rules and one or more inputs; and
a processor operable to;
assign each received bet to one of a plurality of sporting events, each sporting event corresponding to one of a plurality of pari-mutuel wager pools; and
for a particular sporting event corresponding to a particular one of the plurality of pari-mutuel wager pools;
receive event results from the particular sporting event;
determine the value of the particular pari-mutuel wager pool, the value comprising at least a portion of the total of the unit stakes of the received bets assigned to the particular sporting event;
for each received bet assigned to the particular sporting event, determine one or more inputs for the game based on received event results;
for each received bet assigned to the particular sporting event, determine a result of the game based at least on the set of rules and the one or more determined inputs for that bet;
for each received bet assigned to the particular sporting event, determine whether the bet is a winning bet based on the result of the game for that bet; and
for each determined winning bet, determine an amount of a payout based at least on the unit stake associated with that bet, the total unit stake associated with all determined winning bets, and the value of the particular parimutuel wager pool for the particular sporting event. - View Dependent Claims (51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74)
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75. A system for pari-mutuel gaming, comprising:
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a memory operable to store a plurality of bets regarding the result of a game for each of a plurality of users, wherein each bet has an associated unit stake and wherein the result of the game for each user is based on a set of rules and one or more inputs; and
a processor operable to;
receive event results from a sporting event;
determine one or more inputs for the game based on the received event results;
determine a result of the game for a particular bet received from a particular user based at least on the set of rules and the one or more determined inputs;
determine whether the particular bet is a winning bet based on the result of the game for the particular bet; and
if the particular bet is determined a winning bet, determine an amount of a payout for the particular bet based at least on the unit stake associated with the particular bet and the value of a pari-mutuel wager pool that comprises at least a portion of the total of the unit stakes of the plurality of received bets. - View Dependent Claims (76, 77, 78, 79, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90, 91, 92, 93, 94, 95, 96, 97, 98)
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Specification