Method and apparatus for settlement of processor based tournament competition

摘要

A method of providing or receiving value from or to a participant value in a game tournament wherein a plurality of participants play a casino-style game, includes calculating an expected value for the position of each participant in the tournament, the expected value based upon the number of wagering units held by the participant at the point in time, the number of wagering units held by each other participant in the tournament at the point in time and a payout table for the tournament.

主权项

1. A method of providing a participant value in a game tournament wherein a plurality of participants play a casino-style game using player terminals linked via an electronic network to a central processing unit, the value provided to the participant based upon the participant's equity at the time the participant's equity reaches at least one preselected cash out value provided by the participant, the method comprising:
receiving, at least one equity cash out value and storing, with the central processing unit the at least one cash out value wherein the at least one cash out value is input by the participant using the player terminal; estimating an equity for the participant in the tournament with the central processing unit, the central processing unit determining the equity based upon the number of wagering units held by the participant, the number of wagering units held by each other participant in the tournament and a payout table for the tournament; comparing the participant's equity to the stored cash out value; and (i) if the tournament participant's equity has reached or exceeded the at least one cash out value, automatically withdrawing the participant from the tournament and providing the tournament participant with value proportional to the participant's equity; or (ii) if the tournament participant's equity has not reached the at least one cash out value, continuing tournament play.