Pari-mutuel sports wagering system
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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.
131 Citations
50 Claims
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1-31. -31. (canceled)
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32. A method for operating a pari-mutuel wagering game, comprising:
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receiving funds from a plurality of bettors to create a pool of wagers;
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 one or more winning bettors;
offering the betters a plurality of betting options including bets relating to participants involved in a non-athletic human contest, wherein the participants are ranked according to performance statistics;
receiving bets from the bettors;
determining which of the bettors win based on the bets; and
determining a payout for each winning bettor according to a pari-mutuel strategy by use of a host computer system. - View Dependent Claims (33, 34, 35, 50)
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36. A pari-mutuel wagering method comprising the steps of:
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receiving funds from a plurality of bettors to create a pool of wagers;
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 bettors;
offering the bettors a plurality of bets including bets related to players in a fantasy sports game, wherein players are ranked against other players based on their performance statistics;
taking bets from the bettors, wherein the bets are based on the rankings of players in the fantasy sports game;
determining which bettors win based on the bets; and
determining a payout for each winning bettor according to a pari-mutuel strategy by use of a host computer system. - View Dependent Claims (37, 38, 39, 40, 41, 42)
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43. A system for pari-mutuel sports wagering comprising:
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a host computer system configured to offer a plurality of bets including bets related to players in a fantasy sports game, wherein players are ranked against other players based on their performance statistics, wherein the host computer system receives funds from bettors to create at least one pool of wagers, and receives bets from the bettors based on the rankings of players in the fantasy sports game, and wherein the host computer system further allocates a portion of the at least one pool of wagers as commission to an operator, determines which bettors win based on the bets, and calculates payouts for the winning bettors based on a pari-mutuel wagering strategy; and
an interface which allows bettors to communicate with the host computer system to input funds and bets and to receive payout information. - View Dependent Claims (44, 45, 46, 47)
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48. A system for pari-mutuel wagering on non-athletic human contests comprising:
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a host computer system configured to offer a plurality of bets including bets related to participants in a non-athletic human contest, wherein participants are ranked against other participants based on their performance statistics, wherein the host computer system receives funds from bettors to create at least one pool of wagers, and receives bets from the bettors based on the rankings of participants in the non-athletic human contest, and wherein the host computer system further allocates a portion of the at least one pool of wagers as commission to an operator, determines which bettors win based on the bets, and calculates payouts for the winning bettors based on a pari-mutuel wagering strategy; and
an interface which allows bettors to communicate with the host computer system to input funds and bets and to receive payout information. - View Dependent Claims (49)
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Specification