Apparatus and methodology for sports square wagering

• US 20070102877A1
• Filed: 11/02/2005
• Published: 05/10/2007
• Est. Priority Date: 11/02/2005
• Status: Abandoned Application

• Current Assignee: James Personius, Joseph Loconte
• Original Assignee: James Personius, Joseph Loconte
• Inventors: Loconte, Joseph, Personius, James
• Application Number:
  US11/232,759
• Publication Number:
  US 20070102877A1
• Time in Patent Office: Days
• US Class Current: 273/138.200
• CPC Class Codes: G07F 17/32 for games, toys, sports, or amusements
• CPC Class Codes: G07F 17/3288 Betting, e.g. on live events, bookmaking

Abstract

One possible embodiment of the invention could substantially be a system and methodology for a pari-mutuel form of sports square wagering, which may utilize a wager format and a wager processing center. The wagering format, having paper and electronic forms, could be used to communicate wagering information to the wager processing center. The wager format may have a wager entry means, which could be grid having gaming squares through which the gambler could record or otherwise denote the gambler'"'"'s selection of one or more potential winning occurrence(s). The wager processing center could be an institution generally comprising of the capability of receiving and handing of wagers and a common wager pool into which wagered funds are placed and from which winning wagers are paid

Claims

1. A process for sports square wagering comprising:

a. presenting a grid comprised of a plurality of gaming squares, the gaming square representing a potential winning occurrence for a wagered upon sporting event;

b. selecting at least one gaming square;

c. transmitting wagered funds to a common wager pool based upon the at least one selected gaming square;

d. determining that one or more selected gaming squares represents an actual winning occurrence;

e. calculating a payout for at least one actual winning occurrence gaming square, the payout being based on at least the size of the common wage pool and the total number of winning wagers; and

f. issuing the calculated payouts from the common wager pool as the winning wagers.

2. A process of claim 1 wherein selecting at least one gaming square is accomplished by selecting gaming squares located within a geometric orientation.

3. A process of claim 2 wherein the geometric orientation could be a geometric orientation selected from a group of geometric orientations consisting of:

a column, a diagonal;

a row;

adjacent gaming squares.

4. A process of claim 1 wherein a fixed percentage of the common wager pool is used to provide for the payout of one or more winning side bets.

5. A process of claim 1 wherein the wagered funds for one or more side bets are placed into a sub-pool of a common wager pool.

6. A process of claim 5 wherein winning side bets are paid from a sub-pool of the common wager pool.

7. A process of claim 1 wherein the potential winning event is at least one potential winning event from a group of potential winning events consisting of:

a selected team who has a no-hitter in a single game;

a selected team achieving a selected non-final score over another team in a selected time period of a selected game;

a selected team having a 13 numerical event and winning the game;

a selected team achieving a selected point spread in a non-final score of a game; and

a selected team achieving a selected point spread in the final score of a game.

8. A process of claim 1 wherein the potential winning event is at least one winning event selected from a group of winning events consisting of:

the selected team to win by exactly 13 points, the selected team who wins with 13 hits, the selected team who wins with 13 runs, the selected team who wins with 13 home runs.

9. A process of claim 1 wherein the potential winning event for a round based wagered upon sporting event is one of a group of potential winning events consisting of:

a selected first player winning the selected round, a selected second player winning the selected round, a draw occurring between the two players in the selected round.

10. A process of claim 1 (inning) wherein the potential winning event is the selection of a winner of at least one event of progressive sub-championship events.

11. A process of claim 1 wherein at least a portion of the common wager pool is rolled over to the next wagered upon sporting event.

12. A process of claim 1 wherein the determining that at least one selected gaming square represents an actual winning occurrence is based on the score represented by the selected gaming square closely matching the actual winning score of the wagered upon sporting event.

14. A system of claim 10 wherein the grid has at least three rows, with one row representing a first player winning a round of the wagered upon sport, a second row representing a second player winning a round of the wagered upon sport, a third row representing a tie between the first player and the second player.

15. A system of claim 10 wherein the grid has at least three columns, one column representing the selection of one winning team, a second column representing the selection of another winning team, and the third column could be representing possible sub-events that could occur in a game and in which the selected team wins the game.

16. A system of claim 10 wherein the wagered upon sporting event is at least a series of games played between two teams.

17. A system for sports square wagering of claim 10 wherein the grid may have its gaming squares distinguished as above gaming squares, center diagonal gaming squares, below gaming squares.

18. A system of claim 17 wherein the center diagonal gaming squares and below gaming squares have different winning payout odds than the above gaming squares

20. An apparatus of claim 17 wherein the wager format means further comprises an advertising means.

13. A system for sports square wagering comprising:

a) a wager format, the wager format with a display showing least one grid having at least two axes with intersecting rows and columns forming a plurality of gaming squares, each gaming square representing a potential winning event for the wagered upon sporting event;

selected gaming squares transmitting wager information to a wager processing capability; and

b) the wager processing center, the wager processing center comprising of at least one a common wager pool for receiving funds from wagers placed upon the wagered upon sport;

the ability to determine winning wagers; and

the ability to issue payouts from the common wager pool for winning wagers based on selected gaming squares.

19. An apparatus for pari-mutuel type gambling comprising:

a. wager format means for communicating wagers placed upon a wagered upon sporting event using a grid that displays gaming squares representing potential winning events of a wagered upon sporting event;

b. a process means for collecting and tabulating winning wagers for the wagered upon sporting event, and

c. a common wager pool means for holding wagered funds and for paying out winning wagers as tabulated by the process means.