Method of bonus odds gaming

Abstract

A method of including a bonus odds component in any wagering game with a plurality of players, wherein the initial game bet to participate in the wagering game pays out odds greater than a one to one ratio on the initial game bet in favor of the players, using a bonus game token or a designated location to place the initial game bet. When players place the bonus game token with their initial game bet, the standard pay out odds are reduced to a predetermined lower pay out odds, odds not to be less than a one to one ratio and qualifies the player's initial game bet for the bonus odds component. Conditions to win the bonus odds component are are predetermined and are based upon an event or plurality of events that can occur within the wagering game. Should a player participate in the bonus odds component win the wagering game, but does not win the bonus odds component, then the amount of reduced odds are added to the bonus odds component. Should a player lose both elements, the bonus odds of the bonus odds component remain the same. Should a player or plurality of players win the bonus odds component, then each winning player is paid an amount equal to their initial game bet times the odds each player is entitled to and the bonus odds component's odds are lowered to a predetermined starting amount. The bonus odds component can be expanded to encompass different amounts of wagers having different bonus odds for each wagering amount, allow for wagering game operators to draw a profit, and have electronic computerized display screens to show bonus odds.

1 ) A method of including a bonus odds component in any wagering game with a plurality of players, wherein the initial game bet to participate in said wagering game pays out odds greater than a one to one ratio on said initial game bet in favor of the players, comprising the steps of: 
 (A) A bonus odds game token, having no wagering value, is used in said wagering game that reduces said pay out odds on said initial game bet to a predetermined lower pay out odds, not to be less than a one to one pay out odds, the amount of reduced pay out odds being the transferred odds,    (B) Player using said bonus odds game token qualifies said player's said initial game bet for said bonus odds component,    (C) Conditions to win said bonus odds component are based upon an event or a plurality of events that can occur within said wagering game and are predetermined prior to the start of said wagering game,    (D) If a plurality of players win said bonus odds component in said wagering game, said players will equally split the amount of bonus odds in said bonus odds component,    (E) Players wagering said initial game bet to participate in said wagering game have the option to participate in said bonus odds component,    (F) Player chosing to participate in said bonus odds component must place said bonus odds game token with and at the same time said initial game bet is placed to qualify said initial game bet for said bonus odds component,    (G) If player participating in said bonus odds component wins said wagering game and does not win said bonus odds component, said transferred odds are transferred and added to the amount of bonus odds in said bonus odds component,    (H) If player participating in said bonus odds component does not win said wagering game and does not win said bonus odds component, said transferred odds are not transferred and are not added to the amount of bonus odds in said bonus odds component,    (I) If player participating in said bonus odds component wins said bonus odds component, said transferred odds are transferred and added to the amount of bonus odds in said bonus odds component and said player is paid an amount equal to said player's said initial game bet muliplied by the amount of bonus odds said player is entitled to in said bonus odds component,    (J) If said bonus odds component is won said bonus odds component's odds amount is lowered to a predetermined starting amount.    
   
   
       2 ) The method of  claim 1 , wherein said wagering game has different wagering amounts for said initial game bet, said bonus odds component will consist of separate bonus odds amounts for each allowed initial game bet amount.  
   
   
       3 ) The method of  claim 1 , wherein said bonus odds game token in step (A) is replaced by a designated location at said wagering game where as said designated location represents said bonus odds game token.  
   
   
       4 ) The method of  claim 1 , wherein said wagering game's operators do not add one out of a predetermined number, said predetermined number not to be less than four, of said transferred odds in step (G) to said bonus odds component.  
   
   
       5 ) The method of  claim 1 , wherein an electronic computerized display screen and a mechanical device be present at or near said wagering game to combine, increment, decrement, and display all bonus odds amounts for all allowed initial game bets.