METHODS FOR ENHANCING PAYOUTS AND PLAY IN GAMES OF CHANCE

摘要

A computer-implemented method establishes a payout schedule for a game of chance having an enhanced upper tier or a method of conducting a real time drawing for multiple jurisdictions. Arrangement is made with an insurer to provide insurance payment to the game provider in the event of payout of the enhanced upper tier amount, wherein the insurer receives a premium payment that is less than the upper tier payout amount. A computer system uses an algorithm known to the insurer and the game provider to randomly determine whether the upper tier payout will be awarded in the game of chance. One or more seeds are input into the computer system for use by the algorithm for random determination of whether the upper tier payout will be awarded, with each party contributing to generation of the seeds.