Multi-Currency Jackpot Wagering with Base Currency Conversion
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Solution Overview
Problem
Existing jackpot wagering systems are limited by restricted game choices, single-currency wagering, and geographic/organizational constraints, which reduce their appeal and accessibility, particularly in online environments.
Innovation Solution
A jackpot wagering system that allows players to wager on multiple games with varying maximum limits, supports multiple currencies, and uses a base currency for conversions, with a determination facility that calculates winning portions based on wager size, maximum limits, and jackpot cycles, enabling participation across different jurisdictions and currencies.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If multiple games with varying maximum limits are allowed, then player appeal and accessibility are enhanced, but system complexity increases due to currency conversion and wager validation requirements
Solution Approach 1:
A base currency acts as an intermediary between multiple playing currencies and the accumulation account. All wagers in different currencies are converted to the base currency before being used to fund the progressive jackpot, simplifying the accumulation tracking while enabling multi-currency player participation
Solution Approach 2:
The determination facility performs multiple functions: it validates wagers against game-specific maximum limits, converts currencies to base currency, calculates the determinable jackpot portion, and ensures compliance with jurisdictional requirements. This multi-functional approach consolidates complexity into a single coordinated component
2Adaptability or versatility
If a base currency system with conversion facility is implemented, then multi-currency wagering is enabled, but the system requires additional conversion logic and exchange rate management
Solution Approach 1:
The base currency serves as a universal intermediary that all playing currencies convert to. This eliminates the need for complex multi-currency conversion matrices and simplifies exchange rate management to a set of one-way conversions from each playing currency to the base currency
Solution Approach 2:
The system dynamically adjusts the determinable jackpot portion based on the ratio of wager size to maximum limit, which varies by game and currency. This parameter-based approach allows flexible jackpot calculation across different currencies and games without hardcoding specific conversion rates or limits
3Reliability
If determinable jackpot portions are calculated based on wager size and maximum limit, then fairness and proportionality are improved, but calculation complexity increases prior to random event generation
Solution Approach 1:
The determination facility calculates the determinable jackpot portion before the random event occurs. This preliminary determination ensures that the jackpot amount is fixed and fair based on the actual wager made, preventing any post-outcome manipulation while maintaining mathematical fairness through the wager-to-maximum-limit ratio
Solution Approach 2:
The system uses a dynamic parameter approach where the determinable jackpot portion is expressed as a function of the wager size and maximum limit. This allows the jackpot calculation to automatically adjust to different wager amounts and game configurations without requiring complex lookup tables or manual configuration
Data Source
AI summary
A jackpot wagering system (1) includes a player terminal (3) operable by a player to place a wager on a number of games of chance a random event generator (8) that generates random events upon which outcomes of the games of chance are based, and a determination facility that determines the quantum of a prize that is available to be won by a player upon the occurrence of a favorable outcome of the game of chance. The quantum of the prize is determined as a function of the size of the player's wager and the maximum limit of the wager. The player's wager is subject to a maximum limit and a portion of each wager is accumulated in an accumulation account as a jackpot prize. The contents of the accumulation account are denominated in a base currency that is selected to be a strongest one of the playing currencies.