METHOD AND SYSTEM FOR VARYING THE TAKE-OUT OR RAKE RATE ON WAGERS PLACED IN A WAGERING POOL

摘要

In a method of wagering, one or more primary bettors place wagers having an applicable base take-out or rake rate, and thus yielding a base payout for winning wagers. One or more secondary bettors may place wagers having an applicable modified take-out or rake rate (preferably lower than the base take-out or rake rate), thus yielding a higher payout for winning wagers than the base payout. The wagering may occur relative to card games such as poker, or other types of games or events, including sports betting. Bets may be placed with a host, such as a casino or track, or an off-track entity.

主权项

1. A method of determining a wagering pool payout comprising:
accepting multiple wagers from two or more bettors upon a wagering event; defining a gross wager pool comprising a sum of the amount of all of said multiple wagers; applying a base rake rate to said total wager pool to determine a base rake amount from said gross wager pool; determining a net pool, said net pool comprising said gross wager pool less said base rake amount; determining the one or more winning wagers upon said event; determining a base win for each winning wager comprising each winning wager's proportion of said net pool to all winning wagers; determining if any winning wagers selected at least one modified rake rate which is less than said base rake rate and, if so:
applying said modified rake rate to said gross wager pool to determine a modified rake amount;determining a modified net pool, said modified net pool comprising said gross wager pool less said modified rake amount;determining a modified win for each winning wager comprising each winning wager's proportion of said modified net pool to all winning wagers; and paying each winning wager placed at said base rake rate said base win for said wager; and paying each winning wager placed at said modified rake rate said modified win for said wager.