System and method for wagering based on financial market indicators

• US 7,604,537 B2
• Filed: 08/20/2007
• Issued: 10/20/2009
• Est. Priority Date: 04/29/2004
• Status: Expired due to Fees

• Current Assignee: CFPH LLC (Cantor Fitzgerald, L.P.)
• Original Assignee: CFPH LLC (Cantor Fitzgerald, L.P.)
• Inventors: Asher, Joseph M., Amaitis, Lee M.
• Primary Examiner(s): Vo; Peter DungBa
• Assistant Examiner(s): Leiva; Frank M
• Application Number:
  US11/841,049
• Publication Number:
  US 20080032778A1
• Time in Patent Office: 792 Days
• Field of Search: 463 16- 20, 463/22
• US Class Current: 463/17
• CPC Class Codes: G07F 17/3244 Payment aspects of a gaming system, e.g. payment schemes, setting payout ratio, bonus or consolation prizes
• CPC Class Codes: G07F 17/3288 Betting, e.g. on live events, bookmaking
• CPC Class Codes: G07F 17/34 depending on the stopping of moving members in a mechanical slot machine, e.g. "fruit" machines

Abstract

A method for wagering comprises receiving a bet regarding a spin of the reels of a slot machine. The method continues by determining a first value for a first reel of the slot machine based at least in part upon the value of a digit of a first financial market indicator. The method proceeds by determining a second value for a second reel of the slot machine, and by determining a third value for a third reel of the slot machine. The method concludes by determining the outcome of the bet based at least in part upon the first value, the second value, and the third value.

Claims

1. A machine-implemented method for wagering, comprising:

determining a period of time;

after determining the period of time, receiving a bet indicating the value of a multi-digit number, the bet being associated with a time;

determining a first value based at least in part upon the value of a digit of a first financial market indicator, in which the value of the digit includes a value of the digit that occurs at the moment when the period of time has passed after the time associated with the bet;

determining a second value based at least in part upon the value of a digit of a second financial market indicator;

determining a winning number based at least in part upon the first value and the second value;

comparing, by a processor, the winning number against the value of the multi-digit number indicated by the bet;

determining, by the processor, an outcome of the bet based at least in part upon the comparison; and

providing, by the processor, information identifying the outcome.

2. The method of claim 1, further comprising determining a third value based at least in part upon the value of a third financial market indicator, wherein determining the winning number is further based upon the third value.

3. The method of claim 1, wherein the first value and the second value are arranged in an order to determine the winning number, and the order is indicated by the bet.

4. The method of claim 1, wherein the first financial market indicator comprises a plurality of numerical digits, and the first value is based at least in part upon the value of the last digit of the plurality of digits.

5. The method of claim 1, wherein the first financial market indicator comprises a plurality of numerical digits, and the first value is based at least in part upon a formula using at least one of the plurality of digits.

6. The method of claim 1, wherein the first financial market indicator comprises a plurality of numerical digits, and the first value is based at least in part upon the value of at least one particular digit of the plurality of digits, the particular digit identified by the bet.

7. The method of claim 1, wherein the first financial market indicator is associated with at least one of:

an index of financial instruments, an index of stocks, an index of U.S. securities, an Index of international securities, an index of financial instruments related to companies that have a large capitalization, and an index of financial instruments that relate to technology companies.

8. The method of claim 1, wherein the time includes a time when the bet is placed, and the period of time includes a a period of time after the bet is placed.

9. The method of claim 8, wherein the bet identifies the time.

10. The method of claim 1, wherein the bet identifies a source of the first financial market indicator.

11. The method of claim 1, further comprising determining a payout for the bet based at least in part upon the outcome of the bet.

12. The method of claim 11, wherein the bet is associated with a bet amount and determining a payout is further based upon the bet amount.

13. The method of claim 1, wherein the second value is based at least in part upon the value of a digit of a second financial market indicator.

14. The method of claim 1, further comprising:

mapping the first value to a symbol for a first reel of a slot machine;

mapping the second value to a symbol for a second reel of a slot machine; and

determining another outcome of the bet based at least in part upon the symbols of the first reel and the second reel of the slot machine.

15. The method of claim 14, wherein the first reel and the second reel are arranged in any order in the slot machine.

16. The method of claim 14, wherein the slot machine comprises a physical slot machine.

17. The method of claim 14, wherein the slot machine comprises a virtual slot machine.

18. The method of claim 1, wherein the time includes a time when the bet is received, and the period of time includes a period of time after the bet is received.

19. The method of claim 1, wherein the indication of the bet identifies the period of time.

20. The method of claim 1, in which the time period is 10 seconds.