Pari-Mutuel Gaming System Using Sporting Event Inputs
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Solution Overview
Problem
Traditional gaming systems do not allow for pari-mutuel betting on non-traditional sporting events, limiting the variety of betting options and requiring physical presence at casinos or racetracks.
Innovation Solution
A method and system for pari-mutuel gaming that assigns bets to sporting events, determining game inputs based on event results, and calculates payouts in a pari-mutuel manner, enabling online betting on various games like blackjack, craps, and roulette using sporting event outcomes.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If traditional casino or racetrack betting is used, then pari-mutuel gaming is available, but physical presence and limited betting variety are required
Solution Approach 1:
The patent creates virtual copies of traditional casino games (blackjack, craps, roulette) that use sporting event results as inputs. These virtual game copies allow players to bet online without physically visiting casinos or racetracks, while maintaining the same gaming experience and pari-mutuel betting mechanics.
Solution Approach 2:
The system enables a single platform to handle multiple types of betting (traditional casino games, sporting event betting, pari-mutuel wagering) through unified processing. The gaming system can accept bets on various sporting events and translate them into game inputs for different game types, providing versatile betting options in one location.
2Adaptability or versatility
If pari-mutuel betting on traditional events is used, then established betting rules apply, but limited event options are available
Solution Approach 1:
The system changes the input parameters for casino games from traditional random number generation to sporting event results. By mapping sporting event outcomes (winning horse, finishing positions) to game inputs (card values, die rolls, roulette numbers), the system maintains reliable game mechanics while enabling betting on diverse sporting events.
Solution Approach 2:
The patent introduces an intermediary translation layer that converts sporting event results into standardized game inputs. This intermediary mechanism ensures that diverse sporting events can be reliably integrated into existing game frameworks without compromising the consistency of betting rules or game fairness.
3Ease of operation
If online betting platforms are used, then accessibility is improved, but lack of real-time engagement with sporting events occurs
Solution Approach 1:
The system maintains continuous engagement by processing bets in real-time as sporting events unfold. The gaming platform continuously updates game inputs based on live sporting event results, allowing players to engage with the betting action continuously rather than placing static bets, thus eliminating the loss of real-time engagement.
Data Source
AI summary
A method of pari-mutuel betting is provided. Bets regarding the result of a game, such as a casino game for example, are received from a number of users. Each bet has a unit stake. One or more inputs for the game are determined based on event results from a sporting event. A result of the game is determined for a particular bet based at least on a set of rules associated with the game and the one or more determined inputs. If the particular bet is determined to be a winning bet based on the result of the game for the particular bet, a payout is determined for the particular bet based at least on the unit stake associated with the particular bet and the value of the pari-mutuel wager pool that includes at least a portion of the total of the unit stakes of the plurality of received bets.