Patent ID: 9257000
Filing Date: 2016-02-09
CPC Classification: G07F

Claim Text:
1. A method of determining a wagering pool payout at a server comprising at least one processor, at least one transceiver for sending and receiving data over at least one communication link, and a data storage device comprising machine-readable instructions that are executed on the at least one processor, the server being communicatively connected to at least one station, the at least one station comprising at least on input device for receiving wager information regarding a wager placed by a bettor, the method comprising: accepting multiple wagers from two or more bettors upon a wagering event and receiving wager information regarding said multiple wagers at the at least one station via the input device and receiving said wager information regarding the multiple wagers at the server from the at least one station; calculating at the server a gross wager pool comprising a sum of the amount of all of said multiple wagers; applying at the server a base rake rate to said total wager pool to determine a base rake amount from said gross wager pool; calculating at the server a net pool, said net pool comprising said gross wager pool less said base rake amount; determining at the server the one or more winning wagers upon said event; calculating at the server a base win for each winning wager comprising each winning wager's proportion of said net pool to all winning wagers; determining at the server if any winning wagers selected at least one modified rake rate which is less than said base rake rate and, if so: paying each winning wager placed at said base rake rate said base win for said wager; and paying each winning wager placed at said modified rake rate said modified win for said wager.