WagerWheel LLC (20240233482). Methods and Systems For A CASINO and/or Sports betting GAMING Product simplified abstract
Contents
Methods and Systems For A CASINO and/or Sports betting GAMING Product
Organization Name
Inventor(s)
Nicholas R. Corlett of Park Ridge IL (US)
Methods and Systems For A CASINO and/or Sports betting GAMING Product - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240233482 titled 'Methods and Systems For A CASINO and/or Sports betting GAMING Product
The present application is directed to a casino/sports-betting gaming system with methods and systems for a casino game/add-on (wagerwheel) used for sports betting. Wagerwheel is a casino game that allows a bettor the chance to increase their odds on sports bets. Wagerwheel will add volatility to sports betting by allowing guests to spin a wheel(s). A bettor will simply choose a desired bet, enter a bet amount, and spin the wheel(s) and depending on the outcome of the spin, the wheel results will either add or subtract to the selected bet. By charging a small fee to spin the wheel(s), operators will not forgo their house edge to boost odds.
- Allows bettors to increase their odds on sports bets
- Adds volatility to sports betting
- Guests can spin a wheel(s) to determine outcome
- Small fee charged to spin the wheel(s)
- Operators maintain house edge
Potential Applications: - Casinos - Sports betting establishments - Online gambling platforms
Problems Solved: - Enhances the betting experience for sports enthusiasts - Adds an element of chance and excitement to sports betting - Provides a unique way to increase odds without sacrificing house edge
Benefits: - Increased engagement from bettors - Differentiates sports betting offerings - Potential for increased revenue for operators
Commercial Applications: Title: Innovative Wagerwheel System for Enhanced Sports Betting This technology can be utilized in various commercial settings such as casinos, sports betting establishments, and online gambling platforms to attract more customers and increase revenue.
Prior Art: Readers can explore prior art related to casino games, sports betting systems, and innovative gambling technologies to understand the evolution of wagering mechanisms in the industry.
Frequently Updated Research: Stay informed about the latest trends in casino gaming, sports betting innovations, and technological advancements in the gambling sector to enhance your understanding of the market landscape.
Questions about Wagerwheel: 1. How does the wagerwheel system improve the sports betting experience for users? The wagerwheel system enhances the sports betting experience by allowing bettors to increase their odds and add an element of excitement to their wagers.
2. What sets the wagerwheel system apart from traditional sports betting methods? The wagerwheel system differentiates itself by offering a unique gameplay mechanic that adds volatility and unpredictability to sports betting, attracting a wider range of customers.
Original Abstract Submitted
the present application is directed to a casino/sports-betting gaming system with methods and systems for a casino game/add-on (wagerwheel) used for sports betting. wagerwheel is a casino game that allows a bettor the chance to increase their odds on sports bets. wagerwheel will add volatility to sports betting by allowing guests to spin a wheel(s). a bettor will simply choose a desired bet, enter a bet amount, and spin the wheel(s) and depending on the outcome of the spin, the wheel results will either add or subtract to the selected bet. by charging a small fee to spin the wheel(s), operators will not forgo their house edge to boost odds.
