Method and apparatus for enabling variable wagering odds using slot machine draw game wagering and a universal drawing result via assigned bins and modulo functions
US10565821B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Sep 19, 2019 |
| Grant date | Feb 18, 2020 |
| Priority date | — |
| Expiry date | Sep 19, 2039 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG07F17/329
- WIPO fieldControl
- WIPO sectorInstruments
Abstract
A system and method are provided for allowing a plurality of consumers to each select his or her own fixed odds and associated winning payoff from a common universal drawing. The consumer selected custom odds are derived by subdividing one drawing event into a series of variable sized “bins” that reduce wagered odds to a subset of the greater odds of the universal drawing where the totality of generated bins thereby contains 100% of the possible drawing outcomes. A modulo operation is then performed to create a unique pointer position to a congruence number for each of the created previously created bins. Thus, any desired subset of reduced wagering odds can be achieved with the virtual creation of the corresponding number of bins.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.