Method and system for increasing expected rate of return and maximum payout in a game with one or more players
OwnerMarc Michael Grozinventor
Life of this patent
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Abstract
A method and system are disclosed for increasing expected return and maximum payout in games with one or more players. The method and system address the problems of low expected rates of return and the difficulty of finding guarantors for large payouts by providing two independently useful and mutually complementary modules. The first module is a return enhancement modules that enables users to create, modify, and play games with enhanced expected return for the player(s). The second module is a payout augmentation module that enables users to play games with larger prizes and to create and manage financial instruments whose sale enables game administrators to guarantee those prizes.
Claims32
A method for increasing the expected rate of return from a game involving one or more players, comprising:
- providing an opportunity to participate in a game in return for financial consideration from one or more players, the game having a payout structure;
- choosing a residual value;
- choosing one or more assets;
- and
- modifying the payout structure for the one or more players such that it is a function of the game, the residual value, and the one or more assets.
A method for conducting a game involving one or more players, comprising:
- providing an opportunity to a fist player to participate in a game in return for financial consideration;
- allocating at least a first portion of the financial consideration to purchase of one or more assets, the allocation being determined in accordance with a residual value;
- purchasing the one or more assets with the allocated first portion of the financial consideration,
- conducting the game;
- and
- paying out to one or more winners of the game in accordance with the results of the step of conducting the game.
A system for increasing the expected rate of return from a game involving a plurality of players, comprising:
- means for modifying an opportunity to participate in a game in return for financial consideration from one or more players, the game having a payout structure;
- means for choosing a residual value;
- means for choosing one or more assets;
- and
- means for modifying the payout structure for the one or more players such that it is a function of the game, the residual value, and the one or more assets means for obtaining a description of the payout structure of a game.
A method for creating financial instruments whose value is linked to the playing or outcomes of one or more games, said method comprising:
- selecting one or more games;
- defining a financial instrument, the financial instrument having a plurality of
- selecting a type for the financial instrument;
- selecting a set of terms and conditions for the financial instrument, the terms and conditions including a payouts structure that is a function of one or more events associated with the one or more games.
A system for creating financial instruments whose value is linked to the playing or outcomes of one or more games, said system comprising:
- means for selecting one or more games;
- means for defining a financial instrument, the financial instrument having a plurality of characteristics, the step of defining comprising:
- means selecting a type for the financial instrument;
- means for selecting a set of terms and conditions for the financial instrument, the terms and conditions including a payout structure that is a function of one or more events associated with the one or more games.
A method for conducting games, whose playing or outcomes are linked to the value of one or more financial instruments, comprising:
- selling financial instruments to one or more players, the financial instruments each having a plurality of characteristics, comprising:
- a type;
- and
- terms and conditions, the terms and conditions specifying return characteristics, the return characteristics being a function of one or more events associated with the one or more games;
- playing the one or more games, the playing or the one or more games resulting in one or more events;
- calculating the return on investment for the one or more financial instruments as a function of the event.
A method for certain financial instrument whose value is linked to one or more events that can be modeled in game-theoretic terms, said method comprising:
- selecting one or more events;
- defining a financial instrument, the financial instrument having a plurality of characteristics, the step of defining comprising:
- selecting a type for the financial instrument;
- selecting a set of terms and financial instrument;
- conditions including a payout structure that is a function of the playing or outcomes of the one or more games.
Dependencies are inferred from the claim text.