Castle Island IP Holding LLC (20240212459). METHOD AND SYSTEM FOR CONDUCTING WAGERS simplified abstract
METHOD AND SYSTEM FOR CONDUCTING WAGERS
Organization Name
Inventor(s)
Daniel Fulton of Lancaster PA (US)
Joshua Paul Larson of Zeeland MI (US)
Alan Roireau of Charlottesville VA (US)
METHOD AND SYSTEM FOR CONDUCTING WAGERS - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240212459 titled 'METHOD AND SYSTEM FOR CONDUCTING WAGERS
The abstract describes a gaming system and method that allow gameplay on multiple stations connected to a gaming server. The server identifies events to execute, receives wagers from players, and determines payouts based on correct predictions.
- Gaming system facilitates gameplay on multiple stations connected to a server
- Server identifies events to execute upon receiving gameplay requests
- Wagers are received from players and compared against a scorecard for events
- Payouts are determined based on correct and incorrect predictions
- Events are time-dependent to simulate live gaming experiences
Potential Applications: - Online gambling platforms - Virtual sports betting - Interactive game shows
Problems Solved: - Enhances the gaming experience by simulating live events - Provides a secure and fair platform for wagering
Benefits: - Increased engagement for players - Real-time payouts for accurate predictions - Convenient access to gaming experiences
Commercial Applications: Title: "Innovative Gaming System for Enhanced Wagering Experiences" This technology can be utilized in online casinos, sports betting platforms, and virtual game show applications. It offers a unique and interactive way for players to engage in gaming and wagering activities.
Questions about the technology: 1. How does the gaming server determine the first plurality of events to execute? - The gaming server uses algorithms and real-time data to determine the events. 2. What measures are in place to ensure the fairness and security of the wagering process? - The system employs encryption and verification protocols to safeguard player information and transactions.
Original Abstract Submitted
a gaming system and method are provided that facilitate gameplay on one or a plurality of gameplay stations connected to a gaming server. the gaming server is configured to identify, upon receiving a gameplay request, a first plurality of events to execute. the gaming server is configured to receive a wager from a player and to compare the wager against a scorecard for the plurality of events, with a payout determined from the correct and incorrect predictions. the first plurality of events is determined in a time-dependent manner so as to approximate the gameplay experience of live and/or in-person gaming experiences.
