METHOD AND SYSTEM FOR CONDUCTING MULTI-RACE LOTTERY OR PARI-MUTUEL WAGERS
First Claim
1. A method for conducting a wager, comprising the steps of:
- identifying at least four race events, each race event having a predetermined minimum number of participants;
defining the wager by specifying a predictive outcome for each race event;
receiving at least one wager entry, the at least one wager entry including a prediction corresponding to the specified predictive outcome for each race event;
after an actual outcome for each race event has been determined, comparing each actual outcome to each predictive outcome for each received wager entry; and
,for each received wager entry, determining a level of winnings to be awarded based on a result of the comparing step,wherein for at least a first one of the at least four race events, the specified predictive outcome includes an identification of at least a first-place finisher, a second-place finisher, a third-place finisher, and a fourth-place finisher in a correct order of finish.
1 Assignment
0 Petitions
Accused Products
Abstract
A system and a method for conducting a wager, such as a lottery game or a pari-mutuel wager, is provided. In an exemplary embodiment, a series of at least four race events is identified. Each bettor is enabled to make a specified prediction pertaining to the outcome of each of the identified race events. For at least one race, the specified prediction includes an identification of the first four, five, six, or seven finishers in the correct order. For other races, the specified prediction may include an identification of the winner or of one of the first two, three, four, or five finishers. Each wager entry includes predictions for all of the identified race events. Winnings are allocated from a wager pool based on the wager entries having completely correct entries or entries that are correct for most of the race events.
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Citations
27 Claims
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1. A method for conducting a wager, comprising the steps of:
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identifying at least four race events, each race event having a predetermined minimum number of participants; defining the wager by specifying a predictive outcome for each race event; receiving at least one wager entry, the at least one wager entry including a prediction corresponding to the specified predictive outcome for each race event; after an actual outcome for each race event has been determined, comparing each actual outcome to each predictive outcome for each received wager entry; and
,for each received wager entry, determining a level of winnings to be awarded based on a result of the comparing step, wherein for at least a first one of the at least four race events, the specified predictive outcome includes an identification of at least a first-place finisher, a second-place finisher, a third-place finisher, and a fourth-place finisher in a correct order of finish. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A system for conducting a wager, the system comprising a server computer and at least one client computer, the client computer being in communication with the server computer via a network, wherein the server computer is configured to:
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communicate a set of parameters defining the wager to the at least one client computer, the parameters including an identification of at least four race events and a specified predictive outcome for each race event; receive from the at least one client computer at least one wager entry, the at least one wager entry including a prediction corresponding to the specified predictive outcome for each race event; after an actual outcome for each race event has been determined, for each received wager entry, compare the actual outcome to the specified predictive outcome for each race event; and based on a result of the comparing, determine a level of winnings to be awarded for each received wager entry, wherein for at least one of the at least four race events, the specified predictive outcome includes an identification of at least a first-place finisher, a second-place finisher, a third-place finisher, and a fourth-place finisher in a correct order of finish. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18)
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19. A wagering game, comprising a plurality of wager entries and a wagering pool,
each of the plurality of wager entries including a predictive outcome for each of at least four predetermined race events, wherein when an actual outcome for each race event has been determined, a percentage amount of the wagering pool is allocated to each of the plurality of wager entries based on a comparison of each predictive outcome to each actual outcome, and wherein for at least one of the at least four predetermined race events, the predictive outcome includes an identification of at least a first-place finisher, a second-place finisher, a third-place finisher, and a fourth-place finisher in a correct order of finish.
Specification