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Method for Pari-Mutuel Wagering

  • US 20150302698A1
  • Filed: 04/13/2015
  • Published: 10/22/2015
  • Est. Priority Date: 04/13/2015
  • Status: Active Grant
First Claim
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1. An improved method for allowing a plurality of players to make pari-mutuel wagers on multi-contestant, previously-run, order-of-finish contests (PROOFCs), said method of the type having the steps of:

  • (a) accessing a system for pari-mutuel wagering on PROOFCs, wherein said system including a networked totalisator with totalisator control software, a plurality of networked wagering terminals with screen interfaces and terminal control software, a database of race conditions pertaining to each of said PROOFCs, (b) providing to each of said players a PROOFC on which said player may wager, (c) establishing a terminal-specified, pari-mutuel pool on which each of said players may wager, (d) receiving from each of said players the contestant selection choices and wagers of said player, (e) displaying to each of said players the pertinent PROOFC results and the appropriate payouts applicable to the player'"'"'s contestant selection choices, and (f) dispensing, from said pari-mutuel pools, said appropriate payouts to each of said players, the improvements to said method comprising the steps of;

    modifying said totalisator and terminal control software so as to enable the operator of a pari-mutuel wagering enterprise to access said database of race conditions pertaining to said PROOFCs and assemble a specified collection of said PROOFCs upon which any one of said plurality of players may elect to wager or not wager on each of said PROOFCs in said collection, andwherein said control software modifications include the ability for said operator to select the number of contestants and the race conditions applicable to each of said PROOFCs in said collection so as to yield a wagering experience for said player, with sufficiently variable wagering results and a financial return on the wagers of said player, which makes it likely that said player will again use said improved method of wagering on PROOFCs.

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