US20050245308A1 - System and method for wagering based on financial market indicators - Google Patents
System and method for wagering based on financial market indicators Download PDFInfo
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- US20050245308A1 US20050245308A1 US10/836,077 US83607704A US2005245308A1 US 20050245308 A1 US20050245308 A1 US 20050245308A1 US 83607704 A US83607704 A US 83607704A US 2005245308 A1 US2005245308 A1 US 2005245308A1
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- value
- bet
- slot machine
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- G—PHYSICS
- G07—CHECKING-DEVICES
- G07F—COIN-FREED OR LIKE APPARATUS
- G07F17/00—Coin-freed apparatus for hiring articles; Coin-freed facilities or services
- G07F17/32—Coin-freed apparatus for hiring articles; Coin-freed facilities or services for games, toys, sports, or amusements
- G07F17/34—Coin-freed apparatus for hiring articles; Coin-freed facilities or services for games, toys, sports, or amusements depending on the stopping of moving members in a mechanical slot machine, e.g. "fruit" machines
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- G—PHYSICS
- G07—CHECKING-DEVICES
- G07F—COIN-FREED OR LIKE APPARATUS
- G07F17/00—Coin-freed apparatus for hiring articles; Coin-freed facilities or services
- G07F17/32—Coin-freed apparatus for hiring articles; Coin-freed facilities or services for games, toys, sports, or amusements
- G07F17/3286—Type of games
- G07F17/3288—Betting, e.g. on live events, bookmaking
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- G—PHYSICS
- G07—CHECKING-DEVICES
- G07F—COIN-FREED OR LIKE APPARATUS
- G07F17/00—Coin-freed apparatus for hiring articles; Coin-freed facilities or services
- G07F17/32—Coin-freed apparatus for hiring articles; Coin-freed facilities or services for games, toys, sports, or amusements
- G07F17/3244—Payment aspects of a gaming system, e.g. payment schemes, setting payout ratio, bonus or consolation prizes
Definitions
- a player deposits money and spins the reels.
- the player spins the reels by either pushing a button or yanking on a lever.
- the player uses a mouse or any suitable computer key to click on the button or lever.
- a slot machine has one or more horizontal lines, or paylines, across the window of the slot machine. If a certain combination of symbols falls on a horizontal line when the reels stop, the player is a winner. Payouts vary by machine, and by the number of lines the player chooses to play.
- a Random Number Generator This is a computer program inside the machine that is used to generate a sequence of numbers in milliseconds. Each random number it generates corresponds to a reel combination. Even when a slot machine is not being used, the RNG keeps doing its job of generating numbers. Whatever random number was generated the split second the player pulled the handle (or hit the “bet one” or “max bet” button) will result in the corresponding reel combinations that appear on the screen.
- the RNG doesn't care how much was bet, whether the player pulled the handle or hit the spin button, whether it's the player's first play or last, whether the player is winning or losing, or whether the player is playing with or without a slot card. It just continually generates random numbers. If the player happens to be the lucky player that plays the very split second the RNG generated a number corresponding to a jackpot reel combination, the player will be a winner.
- a wagering system comprises a client coupled to a controller.
- the client communicates a bet regarding a spin of the reels of a slot machine.
- the controller determines a first value for a first reel of the slot machine based at least in part upon the value of a digit of a first financial market indicator.
- the controller continues to determine a second value for a second reel of the slot machine, and a third value for a third reel of the slot machine.
- the controller determines the outcome of the bet based at least in part upon the first value, the second value, and the third value.
- a method for wagering starts by receiving a bet indicating the value of a multi-digit number.
- the method continues by determining a first value based at least in part upon the value of a digit of a first financial market indicator, and by determining a second value based at least in part upon the value of a digit of a second financial market indicator.
- the method proceeds by determining a winning number based at least in part upon the first value and the second value.
- the method concludes by comparing the winning number against the value of the multi-digit number indicated by the bet, and by determining an outcome of the bet based at least in part upon the comparison.
- One advantage is that systems and methods provide bettors with gaming based upon the value of financial market indicators. Thus, a bettor may place a bet, such as a bet regarding the spin of the reels of a slot machine, in which the inputs for the game are determined based on the value of financial market indicators rather than the numbers generated by a Random Number Generator.
- Another advantage is that when financial market indicators are unavailable, such as on the weekends and holidays when financial markets are typically closed, the system determines inputs for the game based on some other type of non-random but unpredictable event.
- FIG. 1 illustrates an example system for wagering based on financial market indicators in accordance with an embodiment of the present invention
- FIG. 2 illustrates one embodiment of a slot machine used with the system of FIG. 1 ;
- FIG. 3 illustrates a flowchart depicting one example method for wagering based on financial market indicators.
- FIG. 1 illustrates one embodiment of a system 10 that includes clients 20 coupled to a controller 40 using communication network 30 . Controller 40 is further coupled to one or more data sources 60 using communication network 50 .
- system 10 provides for wagering based at least in part upon event information 64 , such as financial market indicators.
- Clients 20 are various users of system 10 that may place a bet 22 comprising bet parameters 24 and receive bet results 26 .
- Clients 20 may also refer to the devices used by various users of system 10 . Examples of these devices include a computer, a personal digital assistant, a mobile phone, a kiosk or point of sale terminal, or any other device that can interoperate with the elements of system 10 to perform the functions described herein.
- clients 20 comprise physical slot machines.
- clients 20 comprise devices, such as those described above, that can display a virtual slot machine to a user.
- FIG. 2 illustrates one example of such a slot machine 20 .
- a slot machine 20 includes any suitable number of reels 102 , paylines 104 , and symbols 106 .
- Each reel 102 comprises a cylindrical spinning piece, or virtual display thereof, around which the symbols 106 are displayed.
- Each payline 104 comprises a line (e.g., horizontal, vertical, diagonal, or other) in the visible playing section of the slot machine 20 .
- Each symbol 106 comprises a graphic, picture, image, or icon that is displayed on a reel 102 .
- the symbols 106 may comprise, for example, blanks, cherries, bananas, oranges, diamonds, bells, lemons, numbers, bars, double bars, or any other recognizable images.
- the more reels 102 that are associated with the slot machine 20 the more permutations or possible combinations of symbols 106 are able to appear on the one or more paylines 104 .
- the slot machine 20 illustrated in FIG. 2 is only one type of slot machine 20 .
- the look and feel of slot machine 20 could change based on any number of factors associated with system 10 , such as the type of data that is used to create the inputs for the slot machine 20 . For example, if financial information 64 is used, then the look and of slot machine 20 feel (e.g., symbols 106 , buttons, display, etc.) may be customized for financial markets.
- communication networks 30 and 50 may comprise any suitable number and combination of local area networks, wide area networks (e.g., the Internet), wireless networks, or any other type of network that transfers data between controller 40 and the other elements of system 10 , such as clients 20 and data sources 60 . Although illustrated as two separate networks, all or a portion of networks 30 and 50 may be common to one another. Moreover, all or a portion of communication networks 30 and 50 may be a proprietary network.
- the transfer of data on network 30 may include the transfer of bets 22 and bet results 26 .
- the transfer of data on network 50 may include a transfer of event data requests 62 , such as financial market requests 62 , and event information 64 , such as financial market information 64 .
- Controller 40 comprises a processor 42 coupled to a memory 44 .
- Processor 42 may comprise any suitable processor, such as a central processing unit (CPU) or other microprocessor, and may include any suitable number of processors working together.
- Memory 44 may comprise any suitable combination of volatile and non-volatile memory that stores bets 22 , bet parameters 24 , bet results 26 , event data requests 62 , event information 64 , gaming rules 66 , input values 68 , input symbols 70 , payouts 72 , and wagering system software application 80 .
- Processor 42 executes application 80 to process bets 22 based at least in part upon event information 64 .
- Data sources 60 comprise any suitable source of real-time or substantially real-time event information 64 .
- data sources 60 may comprise a source of financial market information 64 , such as market centers, market data vendors, news services, and the like.
- Financial market information 64 comprises information regarding the value of a financial market index or any other suitable financial instrument (e.g., stocks, bonds, futures contracts), referred to generally as a financial market indicator, during or at the end of a predetermined period of time or after one or more relevant transactions.
- a financial market indicator may comprise the value of a certain financial market index, foreign or domestic, such as the Dow Jones Industrial Average (DJIA), the NASDAQ, the Financial Times Stock Exchange (FTSE), the S&P 500, the New York Stock Exchange, or any other suitable financial market index.
- DJIA Dow Jones Industrial Average
- NASDAQ the Financial Times Stock Exchange
- S&P 500 the New York Stock Exchange
- the financial market indicator may comprise the value of a particular stock, bond, futures contract, or any other suitable financial instrument.
- the financial market indicator may be rounded, such as to the nearest whole point (e.g., a financial market indicator of 9,314.62 may be rounded up to 9,315), and/or include any suitable number of decimal places to provide an appropriate level of granularity. Therefore, each financial market indicator may comprise a plurality of numerical digits associated with the value of a corresponding financial market index or other financial instrument.
- controller 40 may determine the outcome of bets 22 based at least in part upon the value of one or more digits that comprise a particular financial market indicator.
- system 10 provides for the contingency whereby financial markets (and therefore financial market indicators) are unavailable at a given point in time. For example, financial markets may be closed at various times of the day, on weekends, or during holidays so that financial market indicators are unavailable at these times.
- controller 40 uses event information 64 from other sources 60 to create inputs for the games, such as a slot machine game.
- the event information 64 may comprise any suitable numerical data that is not randomly generated but that is also not predictable.
- the event information 64 may be related to the weather in one or more locations at a particular time; the U.S.
- national debt at a particular time power consumption of a city at a particular time; the number of television shows tuned in to a particular channel or program at a particular time (e.g., television ratings); the power output of a facility at a particular time; horse race, dog race, jai alai, or other sporting event results at a particular time; or any other substantially changing numerical data that is related to non-random events.
- controller 40 receives a bet 22 comprising bet parameters 24 .
- the bet 22 comprises a bet regarding a spin of the reels 102 of a slot machine 20 .
- the bet 22 comprises a bet regarding a “lottery” number.
- the bet parameters 24 comprise one or more of the identity of the client 20 that originated the bet 22 ; the amount of the bet 22 ; the time the bet 22 was placed; the type of bet 22 (e.g., slot machine bet, lottery bet, or other type bet); a period of time used to determine the appropriate financial market information 64 ; a particular digit of a financial market indicator (e.g., first digit, last digit, nth digit); and information that identifies one or more financial instruments used to determine the appropriate financial market information 64 .
- the bet parameters 24 may further include a multi-digit lottery number.
- Controller 40 processes the bet 22 based at least in part upon financial market information 64 .
- financial market information 64 For example, suppose bet 22 specifies the DJIA, the S&P 500, and the NASDAQ, as financial market indices to be used to determine the outcome of bet 22 .
- bet 22 specifies that the financial market indicators for these financial market indices should be captured ten seconds after the bet 22 is placed, as represented, for example, by a timestamp associated with bet 22 (other bets 22 could indicate that the financial market indicator that is used coincide in time with the timestamp communicated with the bet 22 ).
- controller 40 generates a financial market request 62 for the appropriate financial market information 64 .
- controller 40 receives the following financial market indicators representing the value of the DJIA, the S&P 500, and the NASDAQ ten seconds after the bet 22 was placed: DJIA—10,155; S&P 500—1112; and NASDAQ—1959.
- the bet parameters 24 of the bet 22 specified the use of the last digit of each of these financial market indicators to determine input values 68 .
- Controller 40 therefore determines a first input value 68 of “5” (e.g., the last digit of the financial market indicator associated with the DJIA); a second input value 68 of “2” (e.g., the last digit of the financial market indicator associated with the S&P 500); and a third input value 68 of “9” (e.g., the last digit of the financial market indicator associated with the NASDAQ).
- a first input value 68 of “5” e.g., the last digit of the financial market indicator associated with the DJIA
- a second input value 68 of “2” e.g., the last digit of the financial market indicator associated with the S&P 500
- a third input value 68 of “9” e.g., the last digit of the financial market indicator associated with the NASDAQ.
- the input values 68 may be determined based on other digits of a financial market indicator or by applying any suitable mathematical formula that uses one or more digits of one or more financial market indicators as operands.
- a second input value 68 may be based at least in part upon a second digit of a first financial market indicator (e.g., first input value 68 is the n th digit of DJIA and second input value 68 is the m th digit of DJIA).
- Controller 40 determines the outcome of bet 22 based upon the first input value 68 , the second input value 68 , and the third input value 68 .
- controller 40 maps the input values 68 to appropriate input symbols 70 for a slot machine 20 , according to rules 66 .
- controller 40 maps the first input value 68 to a first input symbol 70 for a first reel 102 of slot machine 20 .
- Controller 40 maps the second input value 68 to a second input symbol 70 for a second reel 102 of slot machine 20 .
- Controller 40 maps the third input value 68 to a third input symbol 70 for a third reel 102 of slot machine 20 .
- the first reel 102 , the second reel 102 , and the third reel 102 may be arranged in any suitable order in the slot machine 20 , so that the ordering of the financial market indicators when applied to the reels 102 of the slot machine 20 may comprise one of “529,” “592,” “259,” “295,” “952,” or “925” based upon rules 66 or bet parameters 24 .
- Rules 66 specify a mapping of numeric digits to particular input symbols 70 .
- rules 66 may specify the following mapping:
- controller 40 may use any suitable mapping of numeric digits to input symbols 70 , and the mapping provided above is only an example of one such mapping.
- particular embodiments of system 10 use bonus symbols 70 to create a jackpot. For example, from time to time, any of the numeric digits from “0” to “9” could result in a bonus symbol 70 , such as a “$,” “+,” “#,” “£,” “ ⁇ ,” etc. If one or more of the reels 102 results in a bonus symbol 70 , then the user wins an enhanced payout 72 . For example, if one reel 102 results in a bonus symbol 70 , the user may win a higher payout 72 than normal.
- the occurrence of a bonus symbol 70 for any given reel 102 could be based upon predetermined odds. For example, the odds of receiving a bonus symbol 70 for any given reel 102 may be 100-1. The odds of receiving a bonus symbol 70 for two reels 102 would therefore be 1000-1. The odd of receiving a bonus symbol 70 for all three reels 102 would therefore be 1,000,000-1. The payouts 72 for each of these results could then be predicated upon the predetermined odds, taking into account a predetermined house advantage.
- controller 40 determines that the spin of the reels 102 of slot machine 20 associated with bet 22 resulted in a combination of “Bell,” “Banana,” and “Double Bar” at the payline 104 . Controller 40 applies rules 66 to determine bet results 26 . That is, controller 40 applies rules 66 to determine whether this combination of symbols 70 results in a “win,” a “loss,” or a “tie”. Controller 40 also applies rules 66 to determine a payout 72 based upon the resulting combination of symbols 70 and the amount of the bet 22 .
- rules 66 include the winning combinations of symbols 70 , the payout odds associated therewith, and any other factors used to determine a bet result 26 and/or a payout 72 .
- Controller 40 communicates bet results 26 and any other data used to display the appropriate symbols 70 on the reels 102 of slot machine 20 .
- Controller 40 may also determine the outcome of bet 22 based upon the first input value 68 , the second input value 68 , and third input value 68 if bet 22 comprises a lottery type bet 22 .
- bet parameters 24 specified a multi-digit lottery number of “529” and specified that this number was to be formed using the last digit of the DJIA, S&P 500, and NASDAQ, in that order, ten seconds after the bet 22 was placed.
- controller 40 determines a winning number of “529.”
- the winning number may be determined by applying any suitable mathematical formula that uses one or more determined input values 68 (or financial market indicators) as the operands.
- Controller 40 compares the multi-digit lottery number of “529” specified by the bet parameters 24 with the winning number “529” determined according to financial market information 64 to determine the outcome of lottery type bet 22 . In this example, controller 40 determines that bet 22 “wins.” Controller 40 determines an appropriate payout 72 for the winning bet 22 based at least in part upon the amount of the bet 22 and/or the payout odds associated with such a bet 22 as specified by rules 66 . For example, with respect to a three-digit lottery type bet 22 , rules 66 may specify payout odds of 500-1. Therefore, if the amount of the bet 22 was $1, then the payout 72 would comprise $500.00.
- FIG. 3 illustrates a flowchart 110 depicting one example method for wagering based on financial market indicators.
- controller 40 receives a bet 22 from a client 20 .
- the bet 22 may specify particular financial instruments and a predetermined period of time to be used to determine one or more financial market indicators.
- the bet 22 may specify to capture financial market indicators for the DJIA, the S&P 500, and the NASDAQ ten seconds after the bet 22 is placed.
- Bet 22 may further specify additional bet parameters 24 .
- Controller 40 communicates appropriate financial market requests 62 at step 114 and receives appropriate financial market information 64 at step 116 .
- controller 40 may simply capture the appropriate financial market information 64 without issuing any requests 62 .
- controller 40 captures other event information 64 for use in later steps of the method.
- step 118 controller 40 determines the input values 68 based upon the financial market information 64 received at step 116 .
- Controller 40 may determine any suitable number of input values 68 from any suitable number and combination of financial market indicators using any suitable techniques described in greater detail above with regard to FIG. 1 . From here, execution proceeds along path 120 if the bet 22 is a slot machine type bet 22 , and along path 122 if the bet 22 is a lottery type bet 22 .
- controller 40 maps input values 68 determined at step 118 to input symbols 70 at step 124 .
- Controller 40 determines the arrangement of input symbols 70 on the one or more paylines 104 of the slot machine 20 at step 126 . This arrangement may be based at least in part upon bet parameters 24 .
- the bet parameters 24 may dictate that the financial market indicators for the DJIA, the S&P 500, and the NASDAQ should be used in that specific order.
- controller 40 determines the winning number, at step 130 , based at least in part upon the input values 68 determined at step 118 . Controller 40 compares the winning number determined at step 130 to the lottery number specified by the bet 22 , at step 132 .
- step 134 controller 40 determines one or more outcomes of the bet 22 and payouts 72 . Controller 40 communicates bet results 136 to client 20 at step 136 . Execution terminates at step 138 .
- the present invention contemplates using methods with additional steps, fewer steps, different steps, or steps in different sequential order so long as the steps remain appropriate for wagering based on financial market indicators.
Abstract
A method for wagering comprises receiving a bet regarding a spin of the reels of a slot machine. The method continues by determining a first value for a first reel of the slot machine based at least in part upon the value of a digit of a first financial market indicator. The method proceeds by determining a second value for a second reel of the slot machine, and by determining a third value for a third reel of the slot machine. The method concludes by determining the outcome of the bet based at least in part upon the first value, the second value, and the third value.
Description
- The rules to playing slot machines are quite simple. A player deposits money and spins the reels. In a physical casino, the player spins the reels by either pushing a button or yanking on a lever. In an online casino, the player uses a mouse or any suitable computer key to click on the button or lever. A slot machine has one or more horizontal lines, or paylines, across the window of the slot machine. If a certain combination of symbols falls on a horizontal line when the reels stop, the player is a winner. Payouts vary by machine, and by the number of lines the player chooses to play.
- In prior slot machines, the combination of symbols that line up on the reels of a slot machine are determined by a Random Number Generator. This is a computer program inside the machine that is used to generate a sequence of numbers in milliseconds. Each random number it generates corresponds to a reel combination. Even when a slot machine is not being used, the RNG keeps doing its job of generating numbers. Whatever random number was generated the split second the player pulled the handle (or hit the “bet one” or “max bet” button) will result in the corresponding reel combinations that appear on the screen. The RNG doesn't care how much was bet, whether the player pulled the handle or hit the spin button, whether it's the player's first play or last, whether the player is winning or losing, or whether the player is playing with or without a slot card. It just continually generates random numbers. If the player happens to be the lucky player that plays the very split second the RNG generated a number corresponding to a jackpot reel combination, the player will be a winner.
- In one embodiment, a wagering system is provided. The wagering system comprises a client coupled to a controller. The client communicates a bet regarding a spin of the reels of a slot machine. The controller determines a first value for a first reel of the slot machine based at least in part upon the value of a digit of a first financial market indicator. The controller continues to determine a second value for a second reel of the slot machine, and a third value for a third reel of the slot machine. The controller then determines the outcome of the bet based at least in part upon the first value, the second value, and the third value.
- In another embodiment, a method for wagering is provided. The method starts by receiving a bet indicating the value of a multi-digit number. The method continues by determining a first value based at least in part upon the value of a digit of a first financial market indicator, and by determining a second value based at least in part upon the value of a digit of a second financial market indicator. The method proceeds by determining a winning number based at least in part upon the first value and the second value. The method concludes by comparing the winning number against the value of the multi-digit number indicated by the bet, and by determining an outcome of the bet based at least in part upon the comparison.
- Various embodiments of the present invention may benefit from numerous advantages. It should be noted that one or more embodiments may benefit from some, none, or all of the advantages discussed below. One advantage is that systems and methods provide bettors with gaming based upon the value of financial market indicators. Thus, a bettor may place a bet, such as a bet regarding the spin of the reels of a slot machine, in which the inputs for the game are determined based on the value of financial market indicators rather than the numbers generated by a Random Number Generator. Another advantage is that when financial market indicators are unavailable, such as on the weekends and holidays when financial markets are typically closed, the system determines inputs for the game based on some other type of non-random but unpredictable event.
- For a more complete understanding of the present invention and for further features and advantages, reference is now made to the following description, taken in conjunction with the accompanying drawings, in which:
-
FIG. 1 illustrates an example system for wagering based on financial market indicators in accordance with an embodiment of the present invention; -
FIG. 2 illustrates one embodiment of a slot machine used with the system ofFIG. 1 ; and -
FIG. 3 illustrates a flowchart depicting one example method for wagering based on financial market indicators. -
FIG. 1 illustrates one embodiment of asystem 10 that includesclients 20 coupled to acontroller 40 usingcommunication network 30.Controller 40 is further coupled to one ormore data sources 60 usingcommunication network 50. In general,system 10 provides for wagering based at least in part uponevent information 64, such as financial market indicators. -
Clients 20 are various users ofsystem 10 that may place abet 22 comprisingbet parameters 24 and receivebet results 26.Clients 20 may also refer to the devices used by various users ofsystem 10. Examples of these devices include a computer, a personal digital assistant, a mobile phone, a kiosk or point of sale terminal, or any other device that can interoperate with the elements ofsystem 10 to perform the functions described herein. In a particular embodiment,clients 20 comprise physical slot machines. In other embodiments,clients 20 comprise devices, such as those described above, that can display a virtual slot machine to a user.FIG. 2 illustrates one example of such aslot machine 20. - Referring to
FIG. 2 , aslot machine 20, whether physical or virtual, includes any suitable number ofreels 102,paylines 104, andsymbols 106. Eachreel 102 comprises a cylindrical spinning piece, or virtual display thereof, around which thesymbols 106 are displayed. Eachpayline 104 comprises a line (e.g., horizontal, vertical, diagonal, or other) in the visible playing section of theslot machine 20. Eachsymbol 106 comprises a graphic, picture, image, or icon that is displayed on areel 102. Thesymbols 106 may comprise, for example, blanks, cherries, bananas, oranges, diamonds, bells, lemons, numbers, bars, double bars, or any other recognizable images. Themore reels 102 that are associated with theslot machine 20, the more permutations or possible combinations ofsymbols 106 are able to appear on the one ormore paylines 104. Theslot machine 20 illustrated inFIG. 2 is only one type ofslot machine 20. The look and feel ofslot machine 20 could change based on any number of factors associated withsystem 10, such as the type of data that is used to create the inputs for theslot machine 20. For example, iffinancial information 64 is used, then the look and ofslot machine 20 feel (e.g.,symbols 106, buttons, display, etc.) may be customized for financial markets. - Referring back to
FIG. 1 ,communication networks controller 40 and the other elements ofsystem 10, such asclients 20 anddata sources 60. Although illustrated as two separate networks, all or a portion ofnetworks communication networks network 30 may include the transfer ofbets 22 andbet results 26. The transfer of data onnetwork 50 may include a transfer ofevent data requests 62, such asfinancial market requests 62, andevent information 64, such asfinancial market information 64. -
Controller 40 comprises aprocessor 42 coupled to amemory 44.Processor 42 may comprise any suitable processor, such as a central processing unit (CPU) or other microprocessor, and may include any suitable number of processors working together.Memory 44 may comprise any suitable combination of volatile and non-volatile memory that stores bets 22,bet parameters 24,bet results 26,event data requests 62,event information 64,gaming rules 66,input values 68,input symbols 70,payouts 72, and wageringsystem software application 80.Processor 42 executesapplication 80 to processbets 22 based at least in part uponevent information 64. Although the description detailed below discusses thecontroller 40 performing particular functions, it should be understood that some or all of the functions described as being performed by thecontroller 40 may be performed byclients 20. -
Data sources 60 comprise any suitable source of real-time or substantially real-time event information 64. For example,data sources 60 may comprise a source offinancial market information 64, such as market centers, market data vendors, news services, and the like.Financial market information 64 comprises information regarding the value of a financial market index or any other suitable financial instrument (e.g., stocks, bonds, futures contracts), referred to generally as a financial market indicator, during or at the end of a predetermined period of time or after one or more relevant transactions. For example, a financial market indicator may comprise the value of a certain financial market index, foreign or domestic, such as the Dow Jones Industrial Average (DJIA), the NASDAQ, the Financial Times Stock Exchange (FTSE), the S&P 500, the New York Stock Exchange, or any other suitable financial market index. In another example, the financial market indicator may comprise the value of a particular stock, bond, futures contract, or any other suitable financial instrument. The financial market indicator may be rounded, such as to the nearest whole point (e.g., a financial market indicator of 9,314.62 may be rounded up to 9,315), and/or include any suitable number of decimal places to provide an appropriate level of granularity. Therefore, each financial market indicator may comprise a plurality of numerical digits associated with the value of a corresponding financial market index or other financial instrument. As described in greater detail below,controller 40 may determine the outcome ofbets 22 based at least in part upon the value of one or more digits that comprise a particular financial market indicator. - Although the description of
system 10 is detailed with reference to financial markets, it should be understood thatsystem 10 provides for the contingency whereby financial markets (and therefore financial market indicators) are unavailable at a given point in time. For example, financial markets may be closed at various times of the day, on weekends, or during holidays so that financial market indicators are unavailable at these times. In those instances,controller 40 usesevent information 64 fromother sources 60 to create inputs for the games, such as a slot machine game. Theevent information 64 may comprise any suitable numerical data that is not randomly generated but that is also not predictable. For example, theevent information 64 may be related to the weather in one or more locations at a particular time; the U.S. national debt at a particular time; power consumption of a city at a particular time; the number of television shows tuned in to a particular channel or program at a particular time (e.g., television ratings); the power output of a facility at a particular time; horse race, dog race, jai alai, or other sporting event results at a particular time; or any other substantially changing numerical data that is related to non-random events. - In operation,
controller 40 receives abet 22 comprisingbet parameters 24. In one embodiment, thebet 22 comprises a bet regarding a spin of thereels 102 of aslot machine 20. In another embodiment, thebet 22 comprises a bet regarding a “lottery” number. Thebet parameters 24 comprise one or more of the identity of theclient 20 that originated thebet 22; the amount of thebet 22; the time thebet 22 was placed; the type of bet 22 (e.g., slot machine bet, lottery bet, or other type bet); a period of time used to determine the appropriatefinancial market information 64; a particular digit of a financial market indicator (e.g., first digit, last digit, nth digit); and information that identifies one or more financial instruments used to determine the appropriatefinancial market information 64. In the embodiment where the type ofbet 22 comprises alottery bet 22, thebet parameters 24 may further include a multi-digit lottery number. -
Controller 40 processes thebet 22 based at least in part uponfinancial market information 64. For example, supposebet 22 specifies the DJIA, the S&P 500, and the NASDAQ, as financial market indices to be used to determine the outcome ofbet 22. Suppose further that bet 22 specifies that the financial market indicators for these financial market indices should be captured ten seconds after thebet 22 is placed, as represented, for example, by a timestamp associated with bet 22 (other bets 22 could indicate that the financial market indicator that is used coincide in time with the timestamp communicated with the bet 22). In this example,controller 40 generates afinancial market request 62 for the appropriatefinancial market information 64. In response to thefinancial market request 62,controller 40 receives the following financial market indicators representing the value of the DJIA, the S&P 500, and the NASDAQ ten seconds after thebet 22 was placed: DJIA—10,155; S&P 500—1112; and NASDAQ—1959. Suppose further that thebet parameters 24 of thebet 22 specified the use of the last digit of each of these financial market indicators to determine input values 68.Controller 40 therefore determines afirst input value 68 of “5” (e.g., the last digit of the financial market indicator associated with the DJIA); asecond input value 68 of “2” (e.g., the last digit of the financial market indicator associated with the S&P 500); and athird input value 68 of “9” (e.g., the last digit of the financial market indicator associated with the NASDAQ). - In other examples, the input values 68 may be determined based on other digits of a financial market indicator or by applying any suitable mathematical formula that uses one or more digits of one or more financial market indicators as operands. In still other examples, a
second input value 68 may be based at least in part upon a second digit of a first financial market indicator (e.g.,first input value 68 is the nth digit of DJIA andsecond input value 68 is the mth digit of DJIA). -
Controller 40 determines the outcome ofbet 22 based upon thefirst input value 68, thesecond input value 68, and thethird input value 68. For example, suppose thatbet 22 comprises a slotmachine type bet 22. In this example,controller 40 maps the input values 68 toappropriate input symbols 70 for aslot machine 20, according to rules 66. In particular,controller 40 maps thefirst input value 68 to afirst input symbol 70 for afirst reel 102 ofslot machine 20.Controller 40 maps thesecond input value 68 to asecond input symbol 70 for asecond reel 102 ofslot machine 20.Controller 40 maps thethird input value 68 to athird input symbol 70 for athird reel 102 ofslot machine 20. Thefirst reel 102, thesecond reel 102, and thethird reel 102 may be arranged in any suitable order in theslot machine 20, so that the ordering of the financial market indicators when applied to thereels 102 of theslot machine 20 may comprise one of “529,” “592,” “259,” “295,” “952,” or “925” based uponrules 66 or betparameters 24. -
Rules 66 specify a mapping of numeric digits toparticular input symbols 70. For example, rules 66 may specify the following mapping: -
- “0”=Blank
- “1”=Cherry
- “2”=Banana
- “3”=Orange
- “4”=Diamond
- “5”=Bell
- “6”=Lemon
- “7”=Seven
- “8”=Bar
- “9”=Double Bar
- Of course,
controller 40 may use any suitable mapping of numeric digits to inputsymbols 70, and the mapping provided above is only an example of one such mapping. Moreover, particular embodiments ofsystem 10use bonus symbols 70 to create a jackpot. For example, from time to time, any of the numeric digits from “0” to “9” could result in abonus symbol 70, such as a “$,” “+,” “#,” “£,” “¥,” etc. If one or more of thereels 102 results in abonus symbol 70, then the user wins anenhanced payout 72. For example, if onereel 102 results in abonus symbol 70, the user may win ahigher payout 72 than normal. If tworeels 102 result in abonus symbol 70, the user may win a stillhigher payout 72. If all threereels 102 result in abonus symbol 70, the user may win ajackpot payout 72. The occurrence of abonus symbol 70 for any givenreel 102 could be based upon predetermined odds. For example, the odds of receiving abonus symbol 70 for any givenreel 102 may be 100-1. The odds of receiving abonus symbol 70 for tworeels 102 would therefore be 1000-1. The odd of receiving abonus symbol 70 for all threereels 102 would therefore be 1,000,000-1. Thepayouts 72 for each of these results could then be predicated upon the predetermined odds, taking into account a predetermined house advantage. - Using the mapping set forth above,
controller 40 therefore determines that the spin of thereels 102 ofslot machine 20 associated withbet 22 resulted in a combination of “Bell,” “Banana,” and “Double Bar” at thepayline 104.Controller 40 appliesrules 66 to determine bet results 26. That is,controller 40 appliesrules 66 to determine whether this combination ofsymbols 70 results in a “win,” a “loss,” or a “tie”.Controller 40 also appliesrules 66 to determine apayout 72 based upon the resulting combination ofsymbols 70 and the amount of thebet 22. In this regard, rules 66 include the winning combinations ofsymbols 70, the payout odds associated therewith, and any other factors used to determine abet result 26 and/or apayout 72.Controller 40 communicates betresults 26 and any other data used to display theappropriate symbols 70 on thereels 102 ofslot machine 20. -
Controller 40 may also determine the outcome ofbet 22 based upon thefirst input value 68, thesecond input value 68, andthird input value 68 ifbet 22 comprises alottery type bet 22. In this example, suppose thebet parameters 24 specified a multi-digit lottery number of “529” and specified that this number was to be formed using the last digit of the DJIA, S&P 500, and NASDAQ, in that order, ten seconds after thebet 22 was placed. Based upon the financial market indicators described above,controller 40 determines a winning number of “529.” In other examples, the winning number may be determined by applying any suitable mathematical formula that uses one or more determined input values 68 (or financial market indicators) as the operands. -
Controller 40 compares the multi-digit lottery number of “529” specified by thebet parameters 24 with the winning number “529” determined according tofinancial market information 64 to determine the outcome oflottery type bet 22. In this example,controller 40 determines thatbet 22 “wins.”Controller 40 determines anappropriate payout 72 for the winningbet 22 based at least in part upon the amount of thebet 22 and/or the payout odds associated with such abet 22 as specified byrules 66. For example, with respect to a three-digitlottery type bet 22, rules 66 may specify payout odds of 500-1. Therefore, if the amount of thebet 22 was $1, then thepayout 72 would comprise $500.00. -
FIG. 3 illustrates aflowchart 110 depicting one example method for wagering based on financial market indicators. Atstep 112,controller 40 receives abet 22 from aclient 20. Thebet 22 may specify particular financial instruments and a predetermined period of time to be used to determine one or more financial market indicators. For example, thebet 22 may specify to capture financial market indicators for the DJIA, the S&P 500, and the NASDAQ ten seconds after thebet 22 is placed.Bet 22 may further specifyadditional bet parameters 24.Controller 40 communicates appropriate financial market requests 62 atstep 114 and receives appropriatefinancial market information 64 atstep 116. In other embodiments,controller 40 may simply capture the appropriatefinancial market information 64 without issuing anyrequests 62. In still other embodiments when financial market indicators are unavailable,controller 40 capturesother event information 64 for use in later steps of the method. - Execution proceeds to step 118 where
controller 40 determines the input values 68 based upon thefinancial market information 64 received atstep 116.Controller 40 may determine any suitable number of input values 68 from any suitable number and combination of financial market indicators using any suitable techniques described in greater detail above with regard toFIG. 1 . From here, execution proceeds alongpath 120 if thebet 22 is a slotmachine type bet 22, and alongpath 122 if thebet 22 is alottery type bet 22. - Proceeding along
path 120,controller 40 maps input values 68 determined atstep 118 to inputsymbols 70 atstep 124.Controller 40 determines the arrangement ofinput symbols 70 on the one ormore paylines 104 of theslot machine 20 atstep 126. This arrangement may be based at least in part uponbet parameters 24. For example, thebet parameters 24 may dictate that the financial market indicators for the DJIA, the S&P 500, and the NASDAQ should be used in that specific order. - Proceeding along
path 122,controller 40 determines the winning number, atstep 130, based at least in part upon the input values 68 determined atstep 118.Controller 40 compares the winning number determined atstep 130 to the lottery number specified by thebet 22, atstep 132. - Whether execution proceeded along
path 120 orpath 122, execution now proceeds to step 134 wherecontroller 40 determines one or more outcomes of thebet 22 andpayouts 72.Controller 40 communicates betresults 136 toclient 20 atstep 136. Execution terminates atstep 138. - It should be understood that in alternative embodiments, the present invention contemplates using methods with additional steps, fewer steps, different steps, or steps in different sequential order so long as the steps remain appropriate for wagering based on financial market indicators.
- Although embodiments of the invention and their advantages are described in detail, a person skilled in the art could make various alterations, additions, and omissions without departing from the spirit and scope of the present invention as defined by the appended claims.
Claims (60)
1. A wagering system, comprising:
a client operable to communicate a bet regarding a spin of the reels of a slot machine;
a controller communicably coupled to the client and operable to:
determine a first value for a first reel of the slot machine based at least in part upon the value of a digit of a first financial market indicator;
determine a second value for a second reel of the slot machine;
determine a third value for a third reel of the slot machine; and
determine the outcome of the bet based at least in part upon the first value, the second value, and the third value.
2. The system of claim 1 , wherein the client comprises the slot machine.
3. The system of claim 1 , wherein the client comprises at least one of:
a computer;
a mobile phone;
a personal digital assistant;
a kiosk; and
a point of sale terminal.
4. The system of claim 3 , wherein the slot machine comprises a virtual slot machine displayed by the client.
5. The system of claim 1 , wherein the controller is further operable to:
map the first value to a symbol for the first reel of the slot machine;
map the second value to a symbol for the second reel of the slot machine; and
map the third value to a symbol for the third reel of the slot machine;
wherein determining the outcome is further based at least in part upon the symbols of the first reel, the second reel, and the third reel of the slot machine.
6. The system of claim 1 , wherein the first financial market indicator comprises a plurality of numerical digits, and the first value is based at least in part upon the value of the last digit of the plurality of digits.
7. The system of claim 1 , wherein the first financial market indicator comprises a plurality of numerical digits, and the first value is based at least in part upon a formula using at least one of the plurality of digits.
8. The system of claim 1 , wherein the first financial market indicator comprises a plurality of numerical digits, and the first value is based at least in part upon the value of at least one particular digit of the plurality of digits, the particular digit identified by the bet.
9. The system of claim 1 , wherein the first financial market indicator is associated with at least one of:
the Dow Jones Industrial Average;
the NASDAQ;
the Financial Times Stock Exchange; and
the S&P 500.
10. The system of claim 1 , wherein the first value is based upon the value of a digit of the first financial market indicator a predetermined period of time after receiving the bet.
11. The system of claim 10 , wherein the bet identifies the predetermined period of time.
12. The system of claim 1 , wherein the bet identifies a source of the first financial market indicator.
13. The system of claim 1 , wherein the controller determines a payout for the bet based at least in part upon the determined outcome.
14. The system of claim 13 , wherein the bet is associated with a bet amount and determining a payout is further based upon the bet amount.
15. The system of claim 1 , wherein the second value is based at least in part upon the value of a digit of a second financial market indicator.
16. The system of claim 1 , wherein the second value is based at least in part upon the value of a second digit of the first financial market indicator.
17. The system of claim 15 , wherein the third value is based at least in part upon the value of a digit of a third financial market indicator.
18. The system of claim 1 , wherein the first reel, the second reel, and the third reel are arranged in any order in the slot machine.
19. The system of claim 1 , wherein the first financial market indicator is unavailable and, in response, the controller is operable to determine the first value based upon non-random numerical data.
20. The system of claim 19 , wherein the non-random numerical data is associated with at least one of:
the weather in a particular location;
the U.S. national debt;
the power consumption of a particular city;
television ratings;
the power output generated by a particular facility; and
the results of a particular sporting event.
21. The system of claim 5 , wherein at least one of the symbols comprises a bonus symbol and, in response, the controller determines an enhanced payout for the bet.
22. The system of claim 1 , wherein the first value is based upon the value of a digit of the first financial market indicator at the time when the bet was placed.
23. A method for wagering, comprising:
receiving a bet regarding a spin of the reels of a slot machine;
determining a first value for a first reel of the slot machine based at least in part upon the value of a digit of a first financial market indicator;
determining a second value for a second reel of the slot machine;
determining a third value for a third reel of the slot machine; and
determining the outcome of the bet based at least in part upon the first value, the second value, and the third value.
24. The method of claim 23 , further comprising:
mapping the first value to a symbol for the first reel of the slot machine;
mapping the second value to a symbol for the second reel of the slot machine; and
mapping the third value to a symbol for the third reel of the slot machine;
wherein determining the outcome is further based at least in part upon the symbols of the first reel, the second reel, and the third reel of the slot machine.
25. The method of claim 23 , wherein the first financial market indicator comprises a plurality of numerical digits, and the first value is based at least in part upon the value of the last digit of the plurality of digits.
26. The method of claim 23 , wherein the first financial market indicator comprises a plurality of numerical digits, and the first value is based at least in part upon a formula using at least one of the plurality of digits.
27. The method of claim 23 , wherein the first financial market indicator comprises a plurality of numerical digits, and the first value is based at least in part upon the value of at least one particular digit of the plurality of digits, the particular digit identified by the bet.
28. The method of claim 23 , wherein the slot machine comprises a physical slot machine.
29. The method of claim 23 , wherein the slot machine comprises a virtual slot machine.
30. The method of claim 23 , wherein the first financial market indicator is associated with at least one of:
the Dow Jones Industrial Average;
the NASDAQ;
the Financial Times Stock Exchange; and
the S&P 500.
31. The method of claim 23 , wherein the first value is based upon the value of a digit of the first financial market indicator a predetermined period of time after receiving the bet.
32. The method of claim 31 , wherein the bet identifies the predetermined period of time.
33. The method of claim 23 , wherein the bet identifies a source of the first financial market indicator.
34. The method of claim 23 , further comprising determining a payout for the bet based at least in part upon the determined outcome.
35. The method of claim 34 , wherein the bet is associated with a bet amount and determining a payout is further based upon the bet amount.
36. The method of claim 23 , wherein the second value is based at least in part upon the value of a digit of a second financial market indicator.
37. The method of claim 23 , wherein the second value is based at least in part upon the value of a second digit of the first financial market indicator.
38. The method of claim 36 , wherein the third value is based at least in part upon the value of a digit of a third financial market indicator.
39. The method of claim 23 , wherein the first reel, the second reel, and the third reel are arranged in any order in the slot machine.
40. The method of claim 23 , wherein the first financial market indicator is unavailable and, in response, determining the first value comprises determining the first value based upon non-random numerical data.
41. The method of claim 40 , wherein the non-random numerical data is associated with at least one of:
the weather in a particular location;
the U.S. national debt;
the power consumption of a particular city;
television ratings;
the power output generated by a particular facility; and
the results of a particular sporting event.
42. The method of claim 24 wherein at least one of the symbols comprises a bonus symbol and, in response, the controller determines an enhanced payout for the bet.
43. The method of claim 23 , wherein the first value is based upon the value of a digit of the first financial market indicator at the time when the bet was placed.
44. A method for wagering, comprising:
receiving a bet indicating the value of a multi-digit number;
determining a first value based at least in part upon the value of a digit of a first financial market indicator;
determining a second value based at least in part upon the value of a digit of a second financial market indicator;
determining a winning number based at least in part upon the first value and the second value;
comparing the winning number against the value of the multi-digit number indicated by the bet; and
determining an outcome of the bet based at least in part upon the comparison.
45. The method of claim 44 , further comprising determining a third value based at least in part upon the value of a third financial market indicator, wherein determining the winning number is further based upon the third value.
46. The method of claim 44 , wherein the first value and the second value are arranged in an order to determine the winning number, and the order is indicated by the bet.
47. The method of claim 44 , wherein the first financial market indicator comprises a plurality of numerical digits, and the first value is based at least in part upon the value of the last digit of the plurality of digits.
48. The method of claim 44 , wherein the first financial market indicator comprises a plurality of numerical digits, and the first value is based at least in part upon a formula using at least one of the plurality of digits.
49. The method of claim 44 , wherein the first financial market indicator comprises a plurality of numerical digits, and the first value is based at least in part upon the value of at least one particular digit of the plurality of digits, the particular digit identified by the bet.
50. The method of claim 44 , wherein the first financial market indicator is associated with at least one of:
the Dow Jones Industrial Average;
the NASDAQ;
the Financial Times Stock Exchange; and
the S&P 500.
51. The method of claim 44 , wherein the first value is based upon the value of a digit of the first financial market indicator determined a predetermined period of time after receiving the bet.
52. The method of claim 51 , wherein the bet identifies the predetermined period of time.
53. The method of claim 44 , wherein the bet identifies a source of the first financial market indicator.
54. The method of claim 44 , further comprising determining a payout for the bet based at least in part upon the determined outcome.
55. The method of claim 54 , wherein the bet is associated with a bet amount and determining a payout is further based upon the bet amount.
56. The method of claim 44 , wherein the second value is based at least in part upon the value of a digit of a second financial market indicator.
57. The method of claim 44 , further comprising:
mapping the first value to a symbol for a first reel of a slot machine;
mapping the second value to a symbol for a second reel of a slot machine; and
determining another outcome of the bet based at least in part upon the symbols of the first reel and the second reel of the slot machine.
58. The method of claim 57 , wherein the first reel and the second reel are arranged in any order in the slot machine.
59. The method of claim 57 , wherein the slot machine comprises a physical slot machine.
60. The method of claim 57 , wherein the slot machine comprises a virtual slot machine.
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US12/463,549 US9230407B2 (en) | 2004-04-29 | 2009-05-11 | System and method for wagering based on multiple financial market indicators |
US12/603,162 US8968078B2 (en) | 2004-04-29 | 2009-10-21 | Amusement devices and chance devices based on financial market indicators |
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US16/353,706 US10977904B2 (en) | 2004-04-29 | 2019-03-14 | System and method for wagering based on multiple financial market indicators |
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Also Published As
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US7604537B2 (en) | 2009-10-20 |
US20100041463A1 (en) | 2010-02-18 |
JP2007535980A (en) | 2007-12-13 |
US8968078B2 (en) | 2015-03-03 |
AU2005240605A1 (en) | 2005-11-17 |
US9355527B2 (en) | 2016-05-31 |
JP5335235B2 (en) | 2013-11-06 |
EP1755754A2 (en) | 2007-02-28 |
JP2014158660A (en) | 2014-09-04 |
JP2011152473A (en) | 2011-08-11 |
US20130012296A1 (en) | 2013-01-10 |
WO2005107910A2 (en) | 2005-11-17 |
CA2564462A1 (en) | 2005-11-17 |
WO2005107910A3 (en) | 2009-03-26 |
JP5829669B2 (en) | 2015-12-09 |
AU2005240605B2 (en) | 2011-07-07 |
JP5693374B2 (en) | 2015-04-01 |
EP1755754A4 (en) | 2010-02-17 |
US20080032778A1 (en) | 2008-02-07 |
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