System and method of conducting games of chance with enhanced payouts and bonus rounds

A method of conducting a game of chance on an electronic gaming machine comprising a display and a memory unit, and in communication with a processor, said method comprising:

• said processor, within a game hardware module, accepting an initial investment from a player to participate in said game of chance on said electronic gaming machine;
• wherein said game of chance is based on a random number generated by a random number generator;
• using said random number to select a probability distribution curve for parameter value for winning event;
• said processor crediting said player's account on said electronic gaming machine an amount equivalent to said initial investment;
• said processor receiving a first threshold value;
• receiving a plurality of payout schedules from said memory unit;
• if said initial investment is higher than said first threshold value, then said processor, via a table selector device, assigning a first payout schedule from said plurality of payout schedules to said player's account on said electronic gaming machine;
• wherein said first payout schedule has a higher payout than that of a second payout schedule among said plurality of payout schedules;
• a statistical analyzer controlling a sequence generator device;
• said sequence generator device generating sequence of numbers, based on a rules of sequence database unit;
• storing said sequence of numbers in a sequence database storage;
• selecting a losing step from said sequence of numbers, based on conditions from a constraint database, with logical operations on said conditions, and rules generated from a rules engine module;
• storing said losing step into a storage unit;
• receiving said losing step value from said storage unit;
• said processor calculating a first losing threshold by subtracting said losing step value from said initial investment;
• if said player's account balance on said electronic gaming machine is below said first losing threshold, then a winning determinator device providing said player a first bonus round, recorded on an award storage device, and displayed on a user display module, based on said first payout schedule, up to a value equal to said initial investment, which is tracked by a machine aggregator module, located within a casino aggregator module, and with aggregations recorded on a casino reporting device.