Residual value games

Abstract

A method and system is disclosed for creating and operating Residual Value Games. The method and system address the problem of low expected returns on games such as state-run lotteries, casino-style games, online games, and recreational and/or educational activities that may be modeled in game-theoretic terms as games of one or more players. Many of these games and/or activities have a negative expected return: on average, players lose money. By creating one or more Residual Value Accounts, and linking these accounts to the playing of games (or performing recreational and/or educational activities), the expected return may significantly increase.

1 . A method for using a computer to conduct a Multiple Residual Value Game, wherein 
 Payouts from the residual value accounts are allocated amongst at least two of the following: a) the players; b) the prize pool; and c) one or more beneficiaries.    
   
   
       2 . A system for increasing the expected rate of return from a game involving one or more players, comprising: means for offering an opportunity to participate in a game in return for financial consideration from one or more players, the game having a payout structure; means for choosing a plurality of residual values; means for choosing one or more assets; means for defining the payout structure for the one or more players such that it is a function of the game, the plurality of residual values, and the one or more assets; and means for obtaining a description of the payout structure of a game.  
   
   
       3 . A system for increasing the expected rate of return from a game involving one or more players, comprising: means for modifying an opportunity to participate in a game in return for financial consideration from one or more players, the game having a payout structure; means for choosing a plurality of residual values; means for choosing one or more assets; means for modifying the payout structure for the one or more players such that it is a function of the game, the plurality of residual values, and the one or more assets; and means for obtaining a description of the payout structure of a game.