Pool wagering apparatus, methods and systems
AssigneeDiogenes Limited
InventorBernard J. Marantelli
Life of this patent
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Abstract
The present invention is directed to a system, method and apparatus for providing a unique pool betting product where players make selections in a number of different events which occur in sequential legs or time periods. After some and preferably most of the legs have been completed, players who have correct “win” predictions for each of the events or legs that are completed and thus remain in contention for the Jackpot Pool, and potentially those still eligible for consolations prizes, will be offered an opportunity to sell their tickets, in whole or in part, to the game operator or through the game operator.
Claims9
A wagering apparatus operative with a plurality of wagering devices for allowing a placement of a wager on a multi-leg event pool the wagering apparatus comprising:
- a server system controller configured to communicate with the plurality of wagering devices, said server system controller programmed to cause the wagering devices to:
- display a sequence of wagering events;
- select, in response to input from a player, at least two sequentially completed wagering events upon which a single wager is accepted, wherein a series of wagers associated with the selection, of the at least two sequentially completed events has an associated pool jackpot;
- generate a ticket and associated record within a database reflecting the wagering event selections;
- transfer ownership or partial ownership of the ticket to a third party at any desired time during the multi-leg event pool;
- receive input of an outcome of the wagering events;
- determine that at least one ticket has correctly selected the outcome of at least a first wagering event in the sequence of wagering events, thereby qualifying at least one player to win the pool jackpot or a portion thereof;
- generate and cause display of a proposal to fully or partially buyout the player, the proposal including a value of a percentage chance that outcome of wagering events that have not yet been completed have been correctly selected;
- issue a credit, tokens or currency to the player if the proposal is accepted;
- and
- tender the ticket.
Dependencies are inferred from the claim text.