CHIP DISPENSER FOR REAL MONEY GAME

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CHIP DISPENSER FOR REAL MONEY GAME - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240304057 titled 'CHIP DISPENSER FOR REAL MONEY GAME

Simplified Explanation: The patent application describes a chip dispensing system for gaming that includes multiple chip dispensing units. Each unit has a magazine for storing chips with monetary value, a ramp for dispensing chips onto a playing field, and processing circuitry to monitor wagers and ensure a predefined return-to-player percentage.

Chip dispensing units store chips with monetary value.
Ramp in each unit dispenses chips onto a playing field.
Processing circuitry monitors wagers to maintain return-to-player percentage.
Calculates value of chips to be added to playing field after each wager.
Instructs dispensing units to dispense chips to maintain the calculated value.

Potential Applications: 1. Casinos and gaming establishments. 2. Amusement parks and arcades. 3. Entertainment venues with gaming elements.

Problems Solved: 1. Ensures fair distribution of chips in gaming environments. 2. Maintains a predefined return-to-player percentage. 3. Automates chip dispensing process for efficiency.

Benefits: 1. Enhances gaming experience for players. 2. Increases transparency and fairness in chip distribution. 3. Streamlines chip dispensing operations for businesses.

Commercial Applications: The "Chip Dispensing System for Gaming" can revolutionize the gaming industry by providing a fair and efficient way to dispense chips in various entertainment settings, ultimately improving the overall gaming experience for customers.

Questions about Chip Dispensing System for Gaming: 1. How does the system calculate the value of chips to be added to the playing field? 2. What are the potential cost savings for businesses implementing this technology?

Frequently Updated Research: Stay updated on advancements in chip dispensing technology and its impact on the gaming industry to ensure you are utilizing the most innovative solutions available.

Original Abstract Submitted

a chip dispensing system for gaming comprises a plurality of chip dispensing units. each chip dispensing unit comprises a magazine for storing chips. each chip is assigned a monetary value. each chip dispensing unit further comprises a ramp extending from the magazine, and an arm for propelling each dispensed chip toward a chip playing field. processing circuitry monitors a cumulative value of a series of wagers over a time period, and to determine that a cumulative value of chips dispensed toward the playing field corresponds to a predefined return-to-player percentage of the series of wagers: following receipt of a wager, calculate a value of chips to be added to the chip playing field in order to maintain the predefined return-to-player percentage; and instruct the chip dispensing units to dispense chips having a collective value equivalent to the calculated value toward the chip playing field.