Pari-mutuel electronic and live table gaming
First Claim
1. A method of playing a live casino table game comprising:
- a) a player making a wager to participate in the live casino table game;
b) allocating a portion of the wager to the gaming establishment as its share of the wager for providing the game;
c) allocating the remainder of the wager to a common pari-mutuel pool to provide a source of funds for paying the player;
d) determining whether the player is a winner or loser for a particular play of the game;
e) paying the player a predetermined payout amount from the common pari-mutuel pool for a winning play; and
f) collecting all losing wagers into the common pari-mutuel pool.
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Accused Products
Abstract
The invention provides electronic video casino games in which the players are competing against each other to win from a common pool and are not wagering against the house. The invention also provides live casino table games in which the players are competing against each other to win from a common pool and are not wagering against the house. The house retains an preestablished commission. The player cashes out his accrued credits or his accrued gaming chips for an amount determined by the value of the common pari-mutuel pool. The present invention also provides for pari-mutuel pools to be distributed to all coin columns in a predetermined manner so as to allow all participants to be able to win a predetermined mathematical proportional share of the pari-mutuel progressive jackpot payouts. The invention also provides for seeding of the pools by the gaming establishment and for funding of future pools by setting aside into future pools portions of wagers made by current players. In pari-mutuel table games, each game is funded from the master pari-mutuel pool for the operation of the individual game. Should any table game become short of credits or chips, the master pool will disperse credits as needed to the respective tables. Should any tables have an excessive amount of credits, these credits will be transferred into the master pari-mutuel pool. All credits cashed out by the players come out of the master pari-mutuel pool.
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Citations
63 Claims
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1. A method of playing a live casino table game comprising:
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a) a player making a wager to participate in the live casino table game; b) allocating a portion of the wager to the gaming establishment as its share of the wager for providing the game; c) allocating the remainder of the wager to a common pari-mutuel pool to provide a source of funds for paying the player; d) determining whether the player is a winner or loser for a particular play of the game; e) paying the player a predetermined payout amount from the common pari-mutuel pool for a winning play; and f) collecting all losing wagers into the common pari-mutuel pool. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 11, 60, 61)
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12. A method of playing a plurality of live casino table games linked together and sharing a common pari-mutuel pool comprising:
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a) a player making a wager to participate in one of the live casino table games; b) allocating a portion of the wager to the gaming establishment as its share of the wager for providing the game; c) allocating the remainder of the wager to a common pari-mutuel pool to provide a source of funds for paying the player; d) determining whether the player is a winner or loser for a particular play of the game; e) paying the player a predetermined payout amount from the common pari-mutuel pool for a winning play; and f) collecting all losing wagers into the common pari-mutuel pool. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23)
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24. A method of playing a plurality of various live casino table games, the live casino table games being linked together and each type of live casino table games sharing a common pari-mutuel pool and all of the common pari-mutuel pools sharing a master casino pari-mutuel pool comprising:
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a) a player making a wager to participate in one of the variety of live casino table games; b) allocating a portion of the wager to the gaming establishment as its share of the wager for providing the game; c) allocating the remainder of the wager to a common pari-mutuel pool for that particular variety of live casino table game to provide a source of funds for paying the player; d) determining whether the player is a winner or loser for a particular play of the game; e) paying the player a predetermined payout amount from the common pari-mutuel pool for a winning play; and f) collecting all losing wagers into the common pari-mutuel pool; g) allocating a portion of the common pari-mutuel pool to a master casino pari-mutuel pool to provide a source of funds for the common pari-mutuel pool as needed. - View Dependent Claims (25, 26, 27, 28, 29, 30, 31, 62)
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32. A method of playing a plurality of various live casino table games and electronic pari-mutuel gaming devices, the live casino table games and electronic pari-mutuel gaming devices being linked together and each type of live casino table games sharing a common pari-mutuel pool and each type of electronic pari-mutuel gaming device sharing a common pari-mutuel pool and all of the common pari-mutuel pools sharing a master casino pari-mutuel pool comprising:
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a) a player making a wager to participate in one of the variety of live casino table games or electronic pari-mutuel gaming devices; b) allocating a portion of the wager to the gaming establishment as its share of the wager for providing the game; c) allocating the remainder of the wager to a common pari-mutuel pool for that particular variety of live casino table game or electronic pari-mutuel gaming device to provide a source of funds for paying the player; d) determining whether the player is a winner or loser for a particular play of the game; e) paying the player a predetermined payout amount from the common pari-mutuel pool for a winning play; and f) collecting all losing wagers into the common pari-mutuel pool; g) allocating a portion of the common pari-mutuel pool to a master casino pari-mutuel pool to provide a source of funds for the common pari-mutuel pools as needed. - View Dependent Claims (33, 34, 35, 36, 37, 38, 39)
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40. A method of playing a plurality of various live casino table games, electronic pari-mutuel gaming devices and live pari-mutuel games, the live casino table games, electronic pari-mutuel gaming devices and live pari-mutuel sporting events being linked together and each type of live casino table game sharing a common pari-mutuel pool, each type of electronic pari-mutuel gaming device sharing a common pari-mutuel pool and each type of live pari-mutuel sporting event sharing a common pari-mutuel pool and all of the common pari-mutuel pools sharing a master pari-mutuel pool comprising:
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a) a player making a wager to participate in one of the variety of live casino table games, electronic pari-mutuel gaming devices or live pari-mutuel sporting events; b) allocating a portion of the wager to the gaming establishment as its share of the wager for providing the game; c) allocating the remainder of the wager to a common pari-mutuel pool for that particular variety of live casino table game, electronic pari-mutuel gaming devices or live pari-mutuel sporting events to provide a source of funds for paying the player; d) determining whether the player is a winner or loser for a particular play of the game; e) paying the player a predetermined payout amount from the common pari-mutuel pool for a winning play; and f) collecting all losing wagers into the common pari-mutuel pool; g) allocating a portion of the common pari-mutuel pool to a master pari-mutuel pool to provide a source of funds for the common pari-mutuel pools as needed. - View Dependent Claims (9, 10, 41, 42, 43, 44, 45, 46, 47)
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48. A method of playing a casino game which includes a pari-mutuel pool that is closed comprising:
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a) a player making a wager to participate in the casino game; b) allocating a portion of the wager to the gaming establishment as its share of the wager for providing the game; c) allocating the remainder of the wager to a common pari-mutuel pool to provide a source of funds for paying the player; d) determining whether the player is a winner or loser for a particular play of the game; e) paying the player a predetermined payout amount from the common pari-mutuel pool for a winning play; f) collecting all losing wagers into the common pari-mutuel pool; g) declaring after a length of time that the common pari-mutuel pool is closed; h) paying the next winning player all of the amount collected in the common pari-mutuel pool. - View Dependent Claims (49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 63)
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Specification