Conducting a jackpot race event

• US 8,708,789 B2
• Filed: 05/10/2010
• Issued: 04/29/2014
• Est. Priority Date: 07/26/2005
• Status: Active Grant

• Current Assignee: Cantor Index LLC
• Original Assignee: Cantor Index LLC
• Inventors: Asher, Joseph M., Miller, Kenneth L., Rotondo, Peter Christopher
• Primary Examiner(s): HARPER, TRAMAR YONG
• Application Number:
  US12/776,905
• Publication Number:
  US 20110275425A1
• Time in Patent Office: 1,450 Days
• Field of Search: 463/6, 463/25, 463/29
• US Class Current: 463/6
• CPC Class Codes: G07F 17/32 for games, toys, sports, or amusements
• CPC Class Codes: G07F 17/3258 Cumulative reward schemes, e.g. jackpots
• CPC Class Codes: G07F 17/3288 Betting, e.g. on live events, bookmaking

Abstract

A system for wagering on a jackpot race event, comprises a memory and a processor. The memory stores a qualifying bet associated with a customer and comprising a first bet component and a second bet component. The first bet component is associated with a first qualifying race event and comprises a first bet amount. The second bet component is associated with a second qualifying race event and comprises a second bet amount. The processor identifies the outcome of the first and second bet components. If both the first bet component and the second bet components are winning bets, the processor allocates to the customer a particular number of jackpot bets for a jackpot race event. The particular number of jackpot bets is based at least in part upon the first bet amount and the second bet amount. The first bet amount is allocated to a common pari-mutuel pool for the first qualifying race event.

Claims

1. A computer betting system, comprising:

a processor and a memory, being programmed to receive a bettor'"'"'s bet on a first race event, the processor being programmed to implement terms of the bet;

the processor is programmed to respond to a determination that when the bet is a winning bet in the first race event and the bet is qualified to participate in a jackpot arrangement, to allocate at least a portion of a payout associated with the qualified winning bet to a jackpot pool within the jackpot arrangement, and the bettor is to be given a bet on a first jackpot event;

if the bettor'"'"'s bet on the first jackpot event is a winning jackpot bet, a portion of the jackpot pool is to be allocated to the bettor; and

if there are no winning bets for the first jackpot event, the jackpot pool is to be allocated to a pool for a second jackpot event.

2. The computer betting system of claim 1, wherein:

the jackpot arrangement is arranged to accept allocations from at least one bet from the group consisting of an exacta bet;

a trifecta bet;

a quinella bet; and

a superfecta bet, and allocations from a traditional single bet.

3. The computer betting system of claim 1, wherein:

the jackpot arrangement is arranged to accept allocations from bets requiring selection of at least two participants in race events qualified to participate as events for the jackpot bet.

4. The computer betting system of claim 1, wherein:

the race events qualified to participate as events for the jackpot bet are selected from the group consisting of a horse race;

a dog race; and

an auto race.

5. The computer betting system of claim 1, wherein:

the bettor is given a number of bets on the jackpot pool based at least in part on a payout for the first event.

6. The computer betting system of claim 1, wherein:

the bettor is given a number of bets on the jackpot pool based at least in part on odds for the first event.

7. The computer betting system of claim 1, wherein:

the bettor is assigned a plurality of bets on the jackpot event, the bets selected randomly.

8. The computer betting system of claim 1, wherein:

the bettor is given a number of bets on the jackpot event, based at least in part on amounts bet by the bettor.

9. The computer betting system of claim 1, wherein:

the first qualifying event and the second qualifying race event are selected by the customer from a series of qualifying race events that occur prior to the jackpot event.

10. A method, comprising the steps of:

at a processor of a computer betting system, receiving a bettor'"'"'s bet on a first race event, the processor being programmed to provide a user interface for, or processing implementation of, terms of the bet, the computer betting system programmed to implement the following terms;

when the bet is a winning bet in the first race event and the bet is qualified to participate in a jackpot arrangement, then to allocate at least a portion of a payout associated with the qualified winning bet on the first race event to a jackpot pool within the jackpot arrangement, and the bettor is to be given a bet on a first jackpot event;

if the bettor'"'"'s bet on the first jackpot event is a winning jackpot bet, then a portion of the jackpot pool is to be allocated to the bettor; and

if there are no winning bets for the first jackpot event, then the jackpot pool is to be allocated to a pool for a second jackpot event.

11. The method of claim 10, wherein:

the jackpot arrangement is arranged to accept allocations from at least one bet from the group consisting of an exacta bet;

a trifecta bet;

a quinella bet; and

a superfecta bet, and allocations from a traditional single bet.

12. The method of claim 10, wherein:

the jackpot arrangement is arranged to accept allocations from bets requiring selection of at least two participants in race events qualified to participate as events for the jackpot bet.

13. The method of claim 10, wherein:

the race events qualified to participate as events for the jackpot bet are selected from the group consisting of a horse race;

a dog race; and

an auto race.

14. The method of claim 10, wherein:

the bettor is given a number of bets on the jackpot pool based at least in part on a payout for the first event.

15. The method of claim 10, wherein:

the bettor is given a number of bets on the jackpot pool based at least in part on odds for the first event.

16. The method of claim 10, wherein:

the bettor is assigned a plurality of bets on the jackpot event, the bets selected randomly.

17. The method of claim 10, wherein:

the bettor is given a number of bets on the jackpot event, based atleast in part on amounts bet by the bettor.

18. The method of claim 10, wherein:

the first and second race events qualified to participate as events for the jackpot bet are elected by the customer from a series of qualifying race events that occur prior to the jackpot event.

19. The method of claim 11, wherein:

the jackpot arrangement is arranged to accept allocations only from one or more bets from the group consisting of an exacta bet;

a trifecta bet;

a quinella bet; and

a superfecta bet.

20. A computer betting terminal, comprising:

a processor and a memory, being programmed to present a user interface to a bettor and to receive a bet from the bettor, the user programs presenting terms of the bet in which;

a processor of a computer betting system is programmed to respond to a determination that the bet is a winning bet in the first race event and the bet is qualified to participate in a jackpot arrangement, to allocate at least a portion of a payout associated with the qualified winning bet to a jackpot pool within the jackpot arrangement, and the bettor is to be given a bet on a first jackpot event;

if the bettor'"'"'s bet on the first jackpot event is a winning jackpot bet, a portion of the jackpot pool is to be allocated to the bettor; and

if there are no winning bets for the first jackpot event, the jackpot pool is to be allocated to a pool for a second jackpot event.

21. The computer betting terminal of claim 20, wherein:

the jackpot arrangement is arranged to accept allocations from at least one bet from the group consisting of an exacta bet;

a trifecta bet;

a quinella bet; and

a superfecta bet, and allocations from a traditional single bet.

22. The computer betting terminal of claim 20, wherein:

the jackpot arrangement is arranged to accept allocations from bets requiring selection of at least two participants in race events qualified to participate as events for the jackpot bet.

23. The computer betting terminal of claim 20, wherein:

the race events qualified to participate as events for the jackpot bet are selected from the group consisting of a horse race;

a dog race; and

an auto race.

24. The computer betting terminal of claim 20, wherein:

the bettor is given a number of bets on the jackpot pool based at least in part on a payout for the first event.

25. The computer betting terminal of claim 20, wherein:

the bettor is given a number of bets on the jackpot pool based at least in part on odds for the first event.

26. The computer betting terminal of claim 20, wherein:

the bettor is assigned a plurality of bets on the jackpot event, the bets selected randomly.

27. The computer betting terminal of claim 20, wherein:

the bettor is given a number of bets on the jackpot event, based at least in part on amounts bet by the bettor.

28. The computer betting terminal of claim 20, wherein:

the first qualifying event and the second qualifying race event are selected by the customer from a series of qualifying race events that occur prior to the jackpot event.