Web based methods and apparatus for parimutual historical gaming

• US 9,047,737 B2
• Filed: 08/31/2012
• Issued: 06/02/2015
• Est. Priority Date: 08/31/2012
• Status: Expired due to Fees

• Current Assignee: Parimax Holdings, Llc
• Original Assignee: RaceTech LLC
• Inventors: Jackson, Robert Eric, Brooks, Lawrence R.
• Primary Examiner(s): TORIMIRO, ADETOKUNBO OLUSEGUN
• Application Number:
  US13/601,427
• Publication Number:
  US 20140066189A1
• Time in Patent Office: 1,005 Days
• Field of Search: 463/6, 463/25, 463/28, 463/42, 463/43
• US Class Current: 1/1
• CPC Class Codes: G07F 17/3223 Architectural aspects of a gaming system, e.g. internal configuration, master/slave, wireless communication
• CPC Class Codes: G07F 17/326 Game play aspects of gaming systems
• CPC Class Codes: G07F 17/3288 Betting, e.g. on live events, bookmaking

Abstract

A system for parimutuel wagering on actual past events includes, in one embodiment, a video server including a database having video images of gaming events stored therein, a game server including a computer system configured to facilitate pari-mutuel wagering on actual past events and to permit a player to select a percentage weight for each of a plurality of handicapping factors, and a plurality of terminals. The video server and plurality of terminals are communicatably coupled to the game server.

Claims

1. A system for parimutuel wagering on actual past events, said system comprising:

a video server comprising a database having video images of the actual past events stored therein;

a game terminal including a display; and

a game server in communication with said game terminal and said video server, said game server programmed to;

facilitate pari-mutuel wagering on an actual past event stored in the database;

provide a seed pool associated with the pari-mutuel wagering, the seed pool including an award amount total from which winnings of the parimutuel wagering are provided;

identify a first threshold value associated with the award amount total;

determine that the award amount total is below the first threshold value; and

automatically add additional award funds to the award amount total based at least in part on determining that the award amount total is below the first threshold value.

2. The system in accordance with claim 1, wherein the award funds are a monetary amount, wherein the award funds total is a seed pool reserve.

3. The system in accordance with claim 2, wherein said game server is further programmed to:

complete the pari-mutuel wagering, thereby generating an updated award amount total; and

based on the completion of the pari-mutuel wagering, comparing the updated award amount total to the first threshold value,

wherein determining that the award amount total is below the first threshold value is based at least in part on the comparing.

4. The system in accordance with claim 1, wherein the award funds total is associated with a first game for pari-mutuel wagering, wherein the additional awards funds are automatically added to the awards fund total from a main seed pool reserve associated with a plurality of games for parimutuel wagering that includes the first game.

5. The system in accordance with claim 1, wherein said game server is further programmed to compare the award amount total to the first threshold value on a pre-determined time interval.

6. The system in accordance with claim 1, wherein said game server is further programmed to compare the award amount total to the first threshold value at one or more of (i) the conclusion of daily operations and (ii) before the gaming terminal is made operational.

7. The system in accordance with claim 1, wherein said game server is further programmed to generate and transmit an alarm to an operator based at least in part on the determining.

8. A method for pari-mutuel wagering on actual past events, said method comprising:

facilitating, by a game server, pari-mutuel wagering on an actual past event stored in a database;

providing, by the game server, a seed pool associated with the pari-mutuel wagering, the seed pool including an award amount total from which winnings of the pari-mutuel wagering are provided;

identifying, by the game server, a first threshold value associated with the award amount total;

determining, by the game server, that the award amount total is below the first threshold value; and

automatically adding, by the game server, additional award funds to the award funds total based at least in part on determining that the award amount total is below the first threshold value.

9. The method in accordance with claim 8, wherein the award funds are a monetary amount, wherein the award funds total is a seed pool reserve.

10. The method in accordance with claim 8, wherein the award funds total is associated with a first game for pari-mutuel wagering, wherein the additional awards funds are automatically added to the awards fund total from a main seed pool reserve associated with a plurality of games for pari-mutuel wagering that includes the first game.

11. The method in accordance with claim 10 further comprising:

completing, by the game server, the pari-mutuel wagering, thereby generating an updated award amount total; and

based on the completing of the pari-mutuel wagering, comparing, by the game server, the updated award amount total to the first threshold value,

wherein determining that the award amount total is below the first threshold value is based at least in part on the comparing.

12. The method in accordance with claim 8 further comprising comparing, by the game server, the award amount total to the first threshold value on a pre-determined time interval.

13. The method in accordance with claim 8 further comprising comparing, by the server, the award amount total to the first threshold value at one or more of (i) the conclusion of daily operations and (ii) before the gaming terminal is made operational.

14. The method in accordance with claim 8 further comprising generating and transmitting, by the game server, an alarm to an operator based at least in part on the determining.

15. Computer-readable non-transitory storage media having computer-executable instructions embodied thereon, wherein, when executed by at least one processor, the computer-executable instructions cause the processor to:

gain access to a database of actual past events on a video server to facilitate pari-mutuel via game terminal, on an actual past event stored in the database;

provide a seed pool associated with the pari-mutuel wagering, the seed pool including an award amount total from which winnings of the pari-mutuel wagering are provided;

identify a first threshold value associated with the award amount total;

determine that the award amount total is below the first threshold value; and

automatically add additional award funds to the award funds total based at least in part on determining that the award amount total is below the first threshold value.

16. The computer-readable non-transitory storage media in accordance with claim 15, wherein the award funds are a monetary amount, wherein the award funds total is a seed pool reserve.

17. The computer-readable non-transitory storage media in accordance with claim 15, wherein the award funds total is associated with a first game for pari-mutuel wagering, wherein the additional awards funds are automatically added to the awards fund total from a main seed pool reserve associated with a plurality of games for pari-mutuel wagering that includes the first game.

18. The computer-readable non-transitory storage media in accordance with claim 17, wherein the computer-executable instructions further cause the processor to:

complete the pari-mutuel wagering, thereby generating an updated award amount total; and

based on the completion of the pari-mutuel wagering, comparing the updated award amount total to the first threshold value, wherein determining that the award amount total is below the first threshold value is based at least in part on the comparing.

19. The computer-readable non-transitory storage media in accordance with claim 15, wherein the computer-executable instructions further cause the processor to compare the award amount total to the first threshold value on a pre-determined time interval.

20. The computer-readable non-transitory storage media in accordance with claim 15, wherein the computer-executable instructions further cause the processor to compare the award amount total to the first threshold value at one or more of (i) the conclusion of daily operations and (ii) before the gaming terminal is made operational.

21. The computer-readable non-transitory storage media in accordance with claim 15, wherein the computer-executable instructions further cause the processor to generate and transmit an alarm to an operator based at least in part on the determining.