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METHOD AND SYSTEM FOR VARYING THE TAKE-OUT OR RAKE RATE ON WAGERS PLACED IN A WAGERING POOL

  • US 20170193750A1
  • Filed: 03/15/2017
  • Published: 07/06/2017
  • Est. Priority Date: 09/26/2011
  • Status: Active Grant
First Claim
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1. A method of wagering in which a host offers a pari-mutuel wagering event in which said host and one or more non-host distributors comprising at least one advanced deposit wagering facility accept wagers upon said pari-mutuel event, wherein said pari-mutuel event has a base take-out rate applicable thereto and wherein base bettors who place winning wagers at said base take-out rate are paid winnings from a pari-mutuel pool created from wagers placed upon said pari-mutuel wagering event based upon said base take-out rate, said method at least partially implemented using at least one processor and comprising the steps of:

  • permitting one or more modified bettors to select, using the at least one processor, a modified take-out rate comprising a take-out rate which varies from said base take-out rate;

    at least one of said advanced deposit wagering facilities accepting a wager for participation in said pari-mutuel event from at least one modified bettor that has selected a modified take-out rate; and

    for each modified bettor who places a winning wager with said at least one advanced deposit wagering facility at a modified take-out rate, said advanced deposit wagering facility paying winnings to said modified bettor based upon said modified take-out rate applied to said pari-mutuel pool.

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