Patent ID: 7713125
Filing Date: 2010-05-11
Classification: G07F

Abstract:
1. A method for wagering on a jackpot event, comprising the steps of: receiving at a computer of a computerized betting system a qualifying bet associated with a customer; if at least part of the qualifying bet is a winning bet, computing an allocation of a portion of a payout associated with the at least part of the qualifying bet to a jackpot pool, wherein the jackpot pool is associated with a first jackpot event; if the qualifying bet is a winning bet, computing an allocation to the customer of at least one jackpot bet for the jackpot event; receiving at the computerized betting system the jackpot bet from the customer; if the jackpot bet is a winning bet, computing an allocation of a portion of the jackpot pool to the customer; and computing an allocation of the jackpot pool to a second jackpot event if there are no winning customers for the first jackpot event.