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08/17/06 - USPTO Class 273 |  15 views | #20060181025 | Prev - Next | About this Page  273 rss/xml feed  monitor keywords

Method of bonus odds gaming

USPTO Application #: 20060181025
Title: Method of bonus odds gaming
Abstract: A method of including a bonus odds component in any wagering game with a plurality of players, wherein the initial game bet to participate in the wagering game pays out odds greater than a one to one ratio on the initial game bet in favor of the players, using a bonus game token or a designated location to place the initial game bet. When players place the bonus game token with their initial game bet, the standard pay out odds are reduced to a predetermined lower pay out odds, odds not to be less than a one to one ratio and qualifies the player's initial game bet for the bonus odds component. Conditions to win the bonus odds component are are predetermined and are based upon an event or plurality of events that can occur within the wagering game. Should a player participate in the bonus odds component win the wagering game, but does not win the bonus odds component, then the amount of reduced odds are added to the bonus odds component. Should a player lose both elements, the bonus odds of the bonus odds component remain the same. Should a player or plurality of players win the bonus odds component, then each winning player is paid an amount equal to their initial game bet times the odds each player is entitled to and the bonus odds component's odds are lowered to a predetermined starting amount. The bonus odds component can be expanded to encompass different amounts of wagers having different bonus odds for each wagering amount, allow for wagering game operators to draw a profit, and have electronic computerized display screens to show bonus odds. (end of abstract)



Agent: Tyrone Emmitt Mitchell - Las Vegas, NV, US
Inventor: Tyrone Emmitt Mitchell
USPTO Applicaton #: 20060181025 - Class: 273292000 (USPTO)

Related Patent Categories: Amusement Devices: Games, Card Or Tile Games, Cards Or Tiles Therefor

Method of bonus odds gaming description/claims


The Patent Description & Claims data below is from USPTO Patent Application 20060181025, Method of bonus odds gaming.

Brief Patent Description - Full Patent Description - Patent Application Claims
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CROSS-REFERENCE TO RELATED APPLICATIONS

[0001] Not Applicable

FEDERALLY SPONSORED RESEARCH

[0002] Not Applicable

SEQUENCE LISTING OR PROGRAM

[0003] Not Applicable

BACKGROUND OF THE INVENTION

[0004] 1. Field of Invention

[0005] The present invention is a method of including a bonus odds component in any wagering game wherein the initial game bet to participate in said wagering game pays out odds greater than a one to one ratio on said initial game bet in favor of the player, found in games such as roulette, craps, card games such as Nevada Hold'em, and video gaming machines in casino environments and in home environments.

[0006] 2. Background of the Invention

[0007] The present invention is unique in its method of bonus odds gaming wherein the reward is based upon an increasing odds pay out instead of a monetary jackpot that continues to increase. There are a limited number of progressive jackpot patents for card games where an optional and separate side bet is wagered by players, U.S. Pat. No. 4,861,041 (to Jones, et al.), to win part or all of a progressive jackpot where part or all of the separate amounts wagered are carried over and added to the jackpot amount.

[0008] The present invention however teaches the concept of increasing the odds amount every time a player in a wagering game trys to meet a certain set of conditions that can occur within the wagering game. Each time a player attempts and fails to meet the conditions, the odds can be increased.

[0009] Instead of a player placing a separate side bet as found in progressive jackpots, the present invention is included in games wherein the initial game bet has odds greater than a one to one payout in favor of the player and the player simply wavers one or more of the standards odds offered to qualify their bet for the present invention's bonus odds component. There is no actual separate wager to participate in the bonus odds component and there is no standing monetary jackpot to be won.

[0010] The present invention teaches when a player does win the bonus odds component of the present invention, the amount won is determined by the amount the player wages muliplied by the current odds that are based on the number of times previous players have attempted and failed to win the bonus odds component of the present invention.

[0011] There are patented games where additional bonus games can be won within the game by meeting certain conditions, U.S. Pat. No. 6,659,461 (to Shuffle Master, Inc.). However, the players are simply allowed to play additional bonus games without placing additional wagers.

[0012] There are a mulitude of expired and current patented wagering games where a player places an initial game bet and is paid a predetermined amount based on the amount the player wagers times a predetermined odds amount that is based solely on the probability of a specific event occurring within the game. The odds never increase or decrease. Such games are roulette, craps, video games, and card games that encompass almost the entire gaming industry.

[0013] However, none of these well established wagering games allow a player to waver one or more of the standard odds offered on the initial game bet to participate in any bonus odds component which can have odds greater than the standard predetermined odds offered in the wagering game.

OBJECTS AND ADVANTAGES

[0014] In accordance with the present invention, there are several objects and advantages:

[0015] (a) there are no separate wagers to qualify player for the bonus odds component included in the wagering game;

[0016] (b) there are no second or additional wagers to qualify player for the bonus odds component included in the wagering game;

[0017] (c) there are no rack amounts taken from each game's total wagers;

[0018] (d) one can predetermine the starting bonus odds for each allowed initial game bet amounts and allow higher initial game bets to be placed;

[0019] (e) conditions to win bonus odds component need not be based on predetermined mathematical odds as the odds of the bonus odds component only increase when the player wins the initial game bet and by the odds the player wavers on their initial game bets;

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