Progressive wagering system

• US 7,077,746 B2
• Filed: 07/11/2003
• Issued: 07/18/2006
• Est. Priority Date: 06/05/2001
• Status: Expired due to Term

• Current Assignee: Lawrence J. Torango
• Original Assignee: Lawrence J. Torango
• Inventors: Torango, Lawrence J.
• Primary Examiner(s): NGUYEN, KIM T
• Application Number:
  US10/618,207
• Publication Number:
  US 20040009811A1
• Time in Patent Office: 1,103 Days
• Field of Search: 463 16- 22, 463 25- 28, 463/40, 463/42, 463/43, 273/143.R
• US Class Current: 463/25
• CPC Class Codes: G07F 17/32 for games, toys, sports, or amusements
• CPC Class Codes: G07F 17/3258 Cumulative reward schemes, e.g. jackpots

Abstract

A linked progressive gaming system and method of operation is disclosed that is capable of accepting wagers in different currencies and different denominations of the same currency and allowing players in diverse locations to play for common progressive prizes. The system periodically computes each current prize value using the data acquired from each gaming device, and displays the values at each location where participating gaming devices are located, in the currency used at each particular location. Multiple prizes may be supported simultaneously. Each gaming device may be linked to one or more prizes. Progressive prize award events may be triggered by random events associated with play based on wagers made on gaming devices or by the central system based on prize criteria exceeding a boundary limit. A Free Play apparatus is disclosed that allows non-progressive gaming devices, as well as other traditional games, to participate in progressive play.

Claims

1. A progressive gaming system adapted to accept wagers in a plurality of currencies or a plurality of denominations of the same currency and capable of awarding at least one linked prize, the system comprising:

(A) a central system adapted to control the progressive gaming system;

(B) one or more prizes adapted to being awarded to at least one participants;

(C) each of said prizes comprising at least a minimum prize value;

(D) at least one device adapted to accept a wager for participation in said prize adapted to being awarded to said participant;

(E) said device comprising at least one pay line, said pay line comprising odds for winning said prize, said wager and said odds being adapted to the determination of a total wager amount;

(F) said central system being adapted to link said prize to said device based on a substantial equivalence of said total wager amount;

(G) said central system being adapted to enable said device linked to said prize adapted to being awarded to said participant to participate for winning said prize adapted to being awarded to said participant; and

(H) said central system being adapted to acquire transactions resulting from participation for said prize adapted to being awarded to said participant and to control at least one prize award event.

2. The system of claim 1 wherein the total wager amount of the prize adapted to being awarded to said participant is the theoretical sum of all wagers made for each said prize award event.

3. The system of claim 1 wherein the device is comprised of at least one of the following:

(A) a device that accepts wagers for the chance of winning prizes;

(B) a secondary device coupled with a primary device for the purpose of awarding bonus play;

or

(C) at least one of the following;

internet enabled gaming programs, events, or transactions.

4. The system of claim 1 wherein the device is adapted to:

(A) accept wagers for play;

(B) utilize at least one pay line, each of said at least one pay line comprising at least the odds for winning a prize; and

(C) enable determination of the total wager amount based upon the value of said wagers and said odds for winning a prize.

5. The system of claim 1 wherein the device'"'"'s total wager amount comprises the product obtained by multiplying the value of a wager times the odds of winning.

6. The system of claim 1 wherein the device'"'"'s total wager amount comprises the product obtained by multiplying an exchange rate between a currency of the wager and a currency of a prize times the product obtained by multiplying the value of the wager times the odds of winning.

7. A method of operating a progressive wagering system, the system being capable of accepting wagers in a plurality of currencies or a plurality of denominations of the same currency, comprising the following steps:

(A) determining a total wager amount for a prize,

(B) determining the total wager amount for a game pay line on a device; and

(C) linking the prize to the device if the prize'"'"'s total wager amount is substantially equal to the device'"'"'s total wager amount.

8. The method of claim 7 wherein the total wager amount for the prize is the theoretical sum of all wagers made for each prize award event.

9. The method of claim 7 wherein the device'"'"'s total wager amount comprises the product obtained by multiplying the value of the wager times the odds of winning.

10. The method of claim 7 wherein the device'"'"'s total wager amount comprises the product obtained by multiplying an exchange rate between a currency of the wager and a currency of the prize times the product obtained by multiplying the value of the wager times the odds of winning.

11. A method of operating a progressive wagering system, the system being capable of accepting wagers in a plurality of currencies or a plurality of denominations of the same currency, comprising the following steps:

(A) determining a total wager amount for a progressive prize wherein the prize is awarded upon the occurrence of a prize award event,

(B) determining the total wager amount for a game pay line on a gaming device; and

(C) linking the gaming device to the progressive prize if the total wager amount for the progressive prize is substantially equal to the total wager amount for the game pay line.

12. The method of claim 11 wherein the total wager amount for the progressive prize is the theoretical sum of all wagers made for each said prize award event.

13. The method of claim 11 wherein the total wager amount for the game pay line is a product obtained by multiplying an exchange rate between a currency of a wager and a currency of the progressive prize by the product of the wager and odds of winning the game pay line.

14. A method of operating a progressive wagering system, comprising:

(A) determining a total wager amount for a progressive prize wherein the prize is awarded upon the occurrence of a prize award event;

(B) recording the progressive prize'"'"'s total wager amount;

(C) determining the total wager amount for a game pay line on a gaming device;

(D) recording the total wager amount for the gaming device'"'"'s pay line;

(E) comparing the total wager amount recorded for the progressive prize with the total wager amount recorded for the game pay line on the gaming device; and

(F) linking the progressive prize to the gaming device'"'"'s pay line if the total wager amount recorded for the progressive prize is substantially equal to the total wager amount recorded for the gaming device'"'"'s pay line.

15. The method of claim 14 wherein the total wager amount for the progressive prize is the theoretical sum of all wagers made for each said prize award event.

16. The method of claim 14 wherein the total wager amount for the game pay line is the product of a wager made on the gaming device multiplied by odds of winning the game pay line.