Versatile automated wagering system

An automated wagering system, comprising:

• one or more processing units, and one or more processing modules, wherein the automated wagering system is configured by the one or more processing modules to:
• specify, within the automated wagering system, a payout scenario;
• specify, within the automated wagering system, a number of wager options;
• assign, within the automated wagering system, outcomes of the specified payout scenario to each of the specified number of wager options;
• receive, within the automated wagering system, one or more wagers from one or more users, each wager for a selected wager option;
• receive, within the automated wagering system, from the one or more users, a payment for each wager;
• calculate, within the automated wagering system, a purchase option metric to determine if house should opt to purchase unselected wager options;
• identify, within the automated wagering system, a winning wager from actual payout event;
• and
• allocate, within the automated wagering system, some or all of the received payments to one or more of the one or more users in response to the user being associated with the winning wager;
• and
• allocate the received payments not allocated to the user to the house.

A computer program product, comprising:

• a non-transitory computer-readable storage medium having computer-readable program code embodied therein that, when executed by one or more computing devices, perform a method comprising:
• specifying, within an automated wagering system, a payout scenario;
• specifying, within the automated wagering system, a number of wager options;
• assigning, within the automated wagering system, outcomes of the specified payout scenario to each of the specified number of wager options;
• receiving, within the automated wagering system, one or more wagers from one or more users, each wager for a selected wager option;
• receiving, within the automated wagering system, from the one or more users, a payment for each wager;
• calculating, within the automated wagering system, a purchase option metric to determine if house should opt to purchase unselected wager options;
• identifying, within the automated wagering system, a winning wager from actual payout event;
• and
• allocating, within the automated wagering system, some or all of the received payments to one or more of the one or more users in response to the user being associated with the winning wager;
• and
• allocating the received payments not allocated to the user to the house.