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METHOD AND APPARATUS THAT CONTROL RISK AND UNCERTAINTY IN A FREQUENCY PRICED RAFFLE

  • US 20100062823A1
  • Filed: 10/13/2008
  • Published: 03/11/2010
  • Est. Priority Date: 09/08/2008
  • Status: Abandoned Application
First Claim
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1. A method comprising:

  • generating a predetermined number of unique sub-combinations of a set of game numbers, each of the sub-combinations having the same quantity of numbers;

    printing a set of probabilities-based raffle tickets for a probabilities-based raffle game such that each of the probabilities-based raffle tickets in the set of probabilities-based raffle tickets distinctly corresponds to one of the unique sub-combinations of the set of game numbers;

    indicating a first price category and a second price category from which one or more probabilities-based raffle tickets can be purchased such that (i) the first price category corresponds to a first predetermined known quantity of one or more probabilities-based raffle tickets and the second price category corresponds to a second predetermined known quantity of one or more probabilities-based raffle tickets and (ii) a ratio of the second price category to the second predetermined quantity of one or more probabilities-based raffle tickets is less than a ratio of the first price category to the first predetermined quantity of one or more probabilities-based raffle tickets;

    indicating a maximum prize that is won by a player having a probabilities-based raffle ticket with a full match;

    indicating a secondary prize that is won by a player having a probabilities-based raffle ticket with a partial match;

    providing at least a subset of the set of probabilities-based raffle tickets to a plurality of players in the probabilities-based raffle game;

    randomly selecting a single subset of the set of game numbers that has the same quantity of numbers as each of the sub-combinations;

    providing the maximum prize to a player if the player has a probabilities-based raffle ticket with a full match between the unique sub-combination corresponding to the probabilities-based raffle ticket and the single subset of the set of game numbers that is selected; and

    providing the secondary prize to a player if the player has a probabilities-based raffle ticket with a partial match between the unique sub-combination corresponding to the probabilities-based raffle ticket and the single subset of the set of game numbers that is selected.

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