Wagering system with differential commissions
OwnerRichard A. Herbertinventor
Life of this patent
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Abstract
A wagering system having a processor operatively connected to a random number generator that has a wagering base with at least first and second different information that is each accessed by an input wager. The random number generator is configured so that a probability of accessing the first information through an input wager is higher than a probability of accessing the second information. The processor is programmed to identify: a) one return for an input wager that accesses the first information; and b) a second higher return for an input wager that accesses the second information. The processor is programmed to factor in a higher percentage commission for one of the first and second returns than a percentage commission for the one return.
Claims3
A wagering system comprising:
- a processor,
- the processor operatively connected to a random number generator that has a wagering base,
- the wagering base comprising at least first and second different information that is each accessed by an input wager,
- the random number generator configured so that a probability of accessing the first information through an input wager is higher than a probability of accessing the second information through an input wager,
- the processor programmed to identify:
- a) one return for an input wager that accesses the first information;
- and b) a second return for an input wager that accesses the second information,
- the second return higher than the one return,
- wherein the processor is programmed to factor in a percentage commission in identifying the one and second returns,
- where the processor is programmed to factor in a higher percentage commission for the second return than a percentage commission for the one return.
A method of processing returns on wagers that are input to a random number generator to access different information in a wagering base, the method comprising the steps of:
- receiving a plurality of input wagers;
- processing the input wagers and identifying whether the input wagers access the information in the wagering base;
- and
- identifying returns for first and second input wagers that respectively access first and second different information in the wager base,
- the step of identifying a return further comprising factoring in a percentage commission that is different for the returns for the first and second input wagers.
Dependencies are inferred from the claim text.