System and method for pari-mutuel gaming based on sporting event results
First Claim
1. A method of pari-mutuel gaming, comprising:
- receiving a plurality of bets regarding a result of a game for each of a plurality of users, wherein each bet has an associated unit stake and wherein the result of the game for each user is based on a set of rules and one or more inputs;
assigning each received bet to one of a plurality of sporting events, each sporting event corresponding to one of a plurality of pari-mutuel wager pools; and
for a particular sporting event corresponding to a particular one of the plurality of pari-mutuel wager pools;
determining a value of the particular pari-mutuel wager pool, the value comprising at least a portion of the total of the unit stakes of the received bets assigned to the particular sporting event;
for each received bet assigned to the particular sporting event, determining one or more inputs for the game based on event results from the particular sporting event;
for each received bet assigned to the particular sporting event, determining a result of the game based at least on the set of rules and the one or more determined inputs for that bet;
for each received bet assigned to the particular sporting event, determining whether the bet is a winning bet based on the result of the game for that bet; and
for each determined winning bet, determining an amount of a payout based at least on the unit stake associated with that bet, the total unit stake associated with all determined winning bets, and the value of the particular pari-mutuel wager pool for the particular sporting event.
1 Assignment
0 Petitions
Accused Products
Abstract
A method of pari-mutuel betting is provided. Bets regarding the result of a game, such as a casino game for example, are received from a number of users. Each bet has a unit stake. One or more inputs for the game are determined based on event results from a sporting event. A result of the game is determined for a particular bet based at least on a set of rules associated with the game and the one or more determined inputs. If the particular bet is determined to be a winning bet based on the result of the game for the particular bet, a payout is determined for the particular bet based at least on the unit stake associated with the particular bet and the value of the pari-mutuel wager pool that includes at least a portion of the total of the unit stakes of the plurality of received bets.
187 Citations
98 Claims
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1. A method of pari-mutuel gaming, comprising:
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receiving a plurality of bets regarding a result of a game for each of a plurality of users, wherein each bet has an associated unit stake and wherein the result of the game for each user is based on a set of rules and one or more inputs; assigning each received bet to one of a plurality of sporting events, each sporting event corresponding to one of a plurality of pari-mutuel wager pools; and for a particular sporting event corresponding to a particular one of the plurality of pari-mutuel wager pools; determining a value of the particular pari-mutuel wager pool, the value comprising at least a portion of the total of the unit stakes of the received bets assigned to the particular sporting event; for each received bet assigned to the particular sporting event, determining one or more inputs for the game based on event results from the particular sporting event; for each received bet assigned to the particular sporting event, determining a result of the game based at least on the set of rules and the one or more determined inputs for that bet; for each received bet assigned to the particular sporting event, determining whether the bet is a winning bet based on the result of the game for that bet; and for each determined winning bet, determining an amount of a payout based at least on the unit stake associated with that bet, the total unit stake associated with all determined winning bets, and the value of the particular pari-mutuel wager pool for the particular sporting event. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25)
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26. A method of pari-mutuel gaming, comprising:
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receiving a plurality of bets regarding a result of a game for each of a plurality of users, wherein each bet has an associated unit stake and wherein the result of the game for each user is based on a set of rules and one or more inputs; determining one or more inputs for the game based on event results from a sporting event; determining a result of the game for a particular bet received from a particular user based at least on the set of rules and the one or more determined inputs; determining whether the particular bet is a winning bet based on the result of the game for the particular bet; and if the particular bet is determined a winning bet, determining an amount of a payout for the particular bet based at least on the unit stake associated with the particular bet and a value of a pari-mutuel wager pool, the value of the pari-mutuel wager pool comprising at least a portion of the total of the unit stakes of the plurality of received bets. - View Dependent Claims (27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49)
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50. A system for pari-mutuel gaming, comprising:
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a memory operable to store a plurality of bets regarding a result of a game for each of a plurality of users, wherein each bet has an associated unit stake and wherein the result of the game for each user is based on a set of rules and one or more inputs; and a processor operable to; assign each received bet to one of a plurality of sporting events, each sporting event corresponding to one of a plurality of pari-mutuel wager pools; and for a particular sporting event corresponding to a particular one of the plurality of pari-mutuel wager pools; receive event results from the particular sporting event; determine a value of the particular pari-mutuel wager pool, the value comprising at least a portion of the total of the unit stakes of the received bets assigned to the particular sporting event; for each received bet assigned to the particular sporting event, determine one or more inputs for the game based on received event results; for each received bet assigned to the particular sporting event, determine a result of the game based at least on the set of rules and the one or more determined inputs for that bet; for each received bet assigned to the particular sporting event, determine whether the bet is a winning bet based on the result of the game for that bet; and for each determined winning bet, determine an amount of a payout based at least on the unit stake associated with that bet, the total unit stake associated with all determined winning bets, and the value of the particular pari-mutuel wager pool for the particular sporting event. - View Dependent Claims (51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74)
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75. A system for pari-mutuel gaming, comprising:
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a memory operable to store a plurality of bets regarding a result of a game for each of a plurality of users, wherein each bet has an associated unit stake and wherein the result of the game for each user is based on a set of rules and one or more inputs; and a processor operable to; receive event results from a sporting event; determine one or more inputs for the game based on the received event results; determine a result of the game for a particular bet received from a particular user based at least on the set of rules and the one or more determined inputs; determine whether the particular bet is a winning bet based on the result of the game for the particular bet; and if the particular bet is determined a winning bet, determine an amount of a payout for the particular bet based at least on the unit stake associated with the particular bet and a value of a pari-mutuel wager pool that comprises at least a portion of the total of the unit stakes of the plurality of received bets. - View Dependent Claims (76, 77, 78, 79, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90, 91, 92, 93, 94, 95, 96, 97, 98)
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Specification