Side Bet in Roulette Wagering Event

Description:

 

Invention Summary

A method to display at least two past wagering event outcomes preferably in an electronic form or memory tree visual. A side bet wager is placed on the next wagering event outcome. These side bets can be performed at a casino, online, or on a hand-held device and the like. During the next roulette wagering event, if a specific number is included in a defined range of past outcomes, then the side bet wager is a winning outcome and may be resolved at multiple odds in a payout.

 

Market Opportunity

According to IBISWorld: Table games are typically associated with more high-risk gambling and typically require higher minimum investments to play. This segment is estimated to make up 15.8% of industry revenue in 2019 and includes games such as blackjack, roulette and poker.

 

Over the five years to 2019, industry revenue is expected to increase at an annualized rate of 3.4% to reach $22.0 billion, including expected growth of 1.0% in 2019 alone.

 

Features and Benefits

•       Entices players to gamble both directly and indirectly on the game of roulette

•       The display of the past wagering event outcomes on a memory tree visual can create more foot traffic to the roulette tables

•       Winning wagers in the games of roulette are paid out at predetermined multiples based on the probability of the particular predicted outcome.

 

Intellectual Property

U.S. Provisional Patent No.: 62/144,930

 

Patent Information:
Category(s):
Gaming
All
For Information, Contact:
Zachary Miles
Associate Vice President for Economic Development
University of Nevada, Las Vegas
702-895-0937
zach.miles@unlv.edu
Inventors:
John Davis
Keywords:
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