Method and apparatus for the playing of different forms of jackpot games based on sports

Abstract

A system and method which enable the operation of a lottery type of game based on sports, although there may also be applications in a number of team sports or racing events. The results of the game are determined from a selected parameter derived from the results of each of a number of sporting events.

Description

FIELD OF THE INVENTION [0001] This invention relates to apparatus and methodology for the provision of a lottery type of game, whereby the game format will be appealing to a broad section of the general public, yet will hold special appeal to players who are interested in sports and, in particular, racing types of games. BACKGROUND [0002] For many years, most horseracing industries the world over have been in decline with most racing operations continually facing increasing competition for gaming revenue and there are many government budgets throughout the world, both federal and state, that derive a great deal of their revenue from legalized gambling. As the fiscal demands for individual governments increase, then so does each government's need or desire to expand upon gambling. Unfortunately, to the detriment of racing industries, for many decades the expansion of gambling has involved other forms of legalized gambling, mainly by increasing the amount of casinos, lotteries and slo...

AI Technical Summary

Benefits of technology

[0048] This invention differs from other existing types of pari-mutuel race wagering events, in that when using one of the preferred game formats, players do not need to select all “winners” or all of the required selection parameters of the nominated races to win one or more of the pari-mutuel prize divisio

Problems solved by technology

For many years, most horseracing industries the world over have been in decline with most racing operations continually facing increasing competition for gaming revenue and there are many government budgets throughout the world, both federal and state, that derive a great deal of their revenue from legalized gambling.

Unfortunately, to the detriment of racing industries, for many decades the expansion of gambling has involved other forms of legalized gambling, mainly by increasing the amount of casinos, lotteries and slot machines, but with no expansion or growth for racing industries.

In addition, it could be argued quite strongly that slot machines would do very little to educate the public to the excitement of racing.

Racing also possesses a definite disadvantage when it is compared to almost all of its competitors, and that is the “skill factor”; for there is a lot to learn about racing in order to become confident in one's ability to play racing successfully, or at least to play racing confidently.

This involves the analysis of so many different variables that experienced racing players will take into consideration, that the novice player often feels intimidated.

Thus, most novices feel intimidated and reluctant to learn to play racing.

In addition to racing being a skill based gamble as opposed to its competitors being simple games of chance; the inventor also believes that racing seems to lack entertainment when compared to other forms of gambling.

For many, existing horse racing wagers lack the appealing features of slot machines and lotteries, in that racing wagers do not provide “lifestyle changing size Jackpots”, and if so, they are rarely as high in dollar value or on such a regular basis; as slot machines and lotteries are.

In addition, racing wagers do not provide multiple levels of minor prizes and as mentioned herein above, being skill based racing is not as simple to play as other forms of gambling.

For many years racing interests the world over have been trying to widen their audience and have endeavoured to attract the lottery-type of player to play racing; to date with very limited success.

In other words, there have