Summary of quick pick odd/payoff stabilizer

Abstract

A wagering system on race events has pools wherein an initial wager is placed by a player in an wagering terminal that automatically selects race contestants for wagers on at least a first racing event. The system enables at least a portion of any winnings from the initial wager to be applied automatically (without player intervention) as wagers in at least one additional race event finishing subsequent to a finish in the first race event.

1 . A wagering system on race events having pools wherein an initial wager is placed by a player in an wagering terminal that automatically selects race contestants for wagers on at least a first racing event and the system enables at least a portion of any winnings from the initial wager to be applied as wagers in at least one additional race event finishing subsequent to a finish in the first race event.  
   
   
       2 . The wagering event of  claim 1  wherein at least one wager placed on an at least one additional race event finishing subsequent to the finish in the first race event is automatically selected and the wager on the at least one additional wager is placed by a processor in information transmission association with the wagering terminal.  
   
   
       3 . The wagering system of  claim 2  wherein at least one of the initial wager and the at least one additional race event are selected by an automatic handicapping program that handicaps race events based on at least one of handicapping information and track wagering odds.  
   
   
       4 . The wagering system of  claim 2  wherein an individual player may make the initial wager in the first race event, and the system will place wagers until a condition is met selected from the group consisting of: a) a pre-specified number of subsequent events have been run; b) a pre-specified amount of time has expired; c) all funds available for wagering are exhausted; d) when a player-specified or system specified winning total amount has been won; e) when a player-specified or system specified winning total amount has been lost; and f) until a player indicates to the system that wagering should cease.  
   
   
       5 . The wagering system of  claim 1  wherein an individual account or ticket is tracked within the system for each initial wager.  
   
   
       6 . The wagering system of  claim 2  wherein an individual account or ticket is tracked within the system for each initial wager.  
   
   
       7 . The wagering system of  claim 3  wherein an individual account or ticket is tracked within the system for each initial wager.  
   
   
       8 . The wagering system of  claim 4  wherein an individual account or ticket is tracked within the system for each initial wager.  
   
   
       9 . The wagering system of  claim 2  wherein the system may be accessed for status information on wager results by the player.  
   
   
       10 . The wagering system of  claim 7  wherein the system may be accessed for status information on wager results by the player.  
   
   
       11 . The wagering system of  claim 8  wherein the system may be accessed for status information on wager results by the player.  
   
   
       12 . The wagering system of  claim 10  wherein a player may access the system by an access selected from the group consisting of ticket reading system, player information access, player code, internet connection, and terminal panel connection.  
   
   
       13 . The wagering system of  claim 11  wherein a player may access the system by an access selected from the group consisting of ticket reading system, player information access, player code, internet connection, and terminal panel connection.  
   
   
       13 . The wagering system of  claim 1  wherein at least some of any winnings from the initial wager are programmed to be wagered in additional wagers at higher odds than the initial wager.  
   
   
       14 . The wagering system of  claim 3  wherein at least some of any winnings from the initial wager are programmed to be wagered in additional wagers at higher odds than the initial wager.  
   
   
       15 . The wagering system of  claim 4  wherein at least some of any winnings from the initial wager are programmed to be wagered in additional wagers at higher odds than the initial wager.  
   
   
       16 . The wagering system of  claim 8  wherein at least some of any winnings from the initial wager are programmed to be wagered in additional wagers at higher odds than the initial wager.  
   
   
       17 . The wagering system of  claim 14  wherein a program targets a series of at least four separate wagers to be placed in sequence, with at least two wagers in the series of four wagers having higher odds than an immediately preceding wager.  
   
   
       18 . The wagering system of  claim 15  wherein a program targets a series of at least four separate wagers to be placed in sequence, with at least two wagers in the series of four wagers having higher odds than an immediately preceding wager.  
   
   
       19 . The wagering system of  claim 8  wherein the player may receive a ticket in between the first race event and other additional race events that shows the status of wagers.  
   
   
       20 . The wagering system of  claim 2  wherein when there are any winnings on wagers, at least some winnings are placed on separate wagers in the same or different race event.  
   
   
       21 . The wagering system of  claim 2  wherein odds on all wagers are identified before wagers are entered into pools, and the system identifies a contestant(s) at a race event that approximates or exceeds the identified odds and places an odds wager so that the identified odds will be covered by a winning event on the odds wager.  
   
   
       22 . The wagering system of  claim 2  wherein odds on all wagers are identified before wagers are entered into pools, and the system identifies a contestant(s) at a race event that approximates the identified odds and places an odds wager so that the identified odds will be covered by a winning event on the odds wager or the system contributes a buffering amount to a winning event to cover the odds.  
   
   
       23 . The wagering system of  claim 21  wherein a jackpot is identified at a time when the initial wager is made and the system automatically selects a series of wagers at odds that will at least meet the amount of the jackpot if a sufficient number of consecutive wagers made from the initial wager are winning wagers.  
   
   
       24 . The wagering system of  claim 2  wherein at least some consecutive wagers are automatically made in an increasing sequence of difficulty of selection.