Patent Number: 8,814,668

Title: Pari-mutuel wagering system and method

Abstract: A pari-mutuel wagering system has a gaming computer, a wager database, an account database, and a wager receiving program operably installed in the memory of the gaming computer. The wager receiving program defines a first group of sporting events, and a second group of the sporting events. Wagers are made on who will win each of the sporting events in the first and second groups, and a primary pool of the wagers is allocated to a first common pari-mutuel fund, a second common pari-mutuel fund, and to a house commission. Winning wagers regarding the first group receive a payout according to a pari-mutuel strategy from the first common pari-mutuel fund, and are also eligible to win the second common pari-mutuel fund if they make winning wagers regarding the second group.

Inventors: Cornett; Mark A. (Naples, FL)

Assignee: Pari-Mutual Solutions, LLC

International Classification: G07F 17/32 (20060101)

Expiration Date: 8/26/12018