Lottery Pari-Mutuel Pool Integration System
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Solution Overview
Problem
Current gambling systems lack a combination of mass appeal and progressive payouts, with lottery games being preferred for complete chance but often lacking excitement, while pari-mutuel wagering is complex and less accessible to the general public.
Innovation Solution
A method and system that integrates lottery ticket purchases with pari-mutuel pools, using point-of-purchase terminals to generate random numbers tied to horse racing events, allocating a portion of the purchase price to a pari-mutuel pool and a supplemental payout pool to ensure minimum payouts.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If lottery games are used for complete chance, then mass appeal is achieved, but progressive payouts and excitement are reduced
Solution Approach 1:
The patent merges a lottery game with a pari-mutuel wagering system by integrating a supplemental payout pool that supplements winnings based on pari-mutuel pool amounts. This combination allows the game to maintain the mass appeal of lottery games while incorporating the progressive payout characteristics of pari-mutuel systems, directly resolving the contradiction between appeal and payout progression.
2Ease of manufacture
If pari-mutuel wagering is used for progressive payouts, then excitement is increased, but game complexity increases
Solution Approach 1:
The patent uses a computer system as an intermediary to automatically manage the integration between lottery and pari-mutuel components. The computer system handles pool calculations, determines supplemental payouts, and manages the game operations, thereby reducing the operational complexity that would otherwise be associated with manual pari-mutuel wagering while preserving progressive payout characteristics.
3Ease of manufacture
If pari-mutuel pool is integrated with lottery, then payouts are enhanced, but game complexity increases
Solution Approach 1:
The system is designed to be self-managing through automated computer systems that handle pool calculations, determine supplemental payouts, and process game operations without requiring complex manual intervention. The computer system automatically integrates the lottery and pari-mutuel components, allowing payouts to be enhanced while keeping operational complexity manageable through automation.
Data Source
AI summary
In a method for administering a lottery in combination with a pari-mutuel pool, tickets are generated at point-of-purchase terminals, each ticket including a series of randomly generated or user-selected numbers. A portion of the purchase price of each ticket is allocated to the pari-mutuel pool and is treated as a wager in the pari-mutuel pool, while another portion of the purchase price may be allocated to other pools, including a supplemental payout pool. If the ticket is a winning ticket, a preliminary amount of a payout from the wager in the pari-mutuel pool is determined. In some cases, this preliminary amount is supplemented from monies in the supplemental payout pool.