PROGRESSIVE DIVIDEND WAGERING SYSTEM AND METHOD FOR ISSUING PROGRESSIVE DIVIDENDS ON A WAGER

摘要

A progressive dividend wagering system (10) comprising selecting means for selecting the outcome of each event in a set of events to be associated with a wager and at least one receiving means for receiving at least one wager on outcomes as selected using the selecting means. On determination of a set of successful outcome for an event in the set of events, distributing means issue a dividend in respect of each wager that has correctly selected a successful outcome provided that the wager has also correctly selected a successful outcome in relation to all previous events in the set of events. In a further variant, the issuing of progressive dividends may be issued to all wagers on an event which have selected an outcome that continues to have potential to be a successful outcome for the event whenever a selected outcome no longer has potential to be a successful outcome for the event.