Team gaming system and method therefor

1. A method for allowing multiple players to place independent wagers on a single game comprising the steps of:

identifying a main player that is playing a game at one of a gaming machine and a gaming event located within a system operator, wherein the gaming machine is a slot machine operated by the main player and comprises:

an input mechanism to allow the main player to enter commands into the gaming machine;

a display that shows:

the game that the main player is playing on the gaming machine; and

at least one of a text message, a video message, and a voice message communicated between the main player and at least a second player;

an acceptor for receiving a wager and establishing a credit balance;

joining the second player with the main player, wherein the second player is remotely located from the system operator and uses a smartdevice that is in communication with the system operator to place wagers on the same game played by the main player as if the second player was one of physically located and playing on the same gaming machine that the main player is playing on and physically located at the same gaming event as the main player and placing his own bets;

sending and receiving through the display of the gaming machine while the wagers are being placed the at least one of a text message, a video message, and a voice message communicated between the main player and the second player;

creating a dynamic transaction summary for the game wherein the dynamic transaction summary for the game is comprised of: identification information of the main player, identification information of the second player, identification information of the system operator; identification information for one of the gaming machine and the gaming event; an amount of at least one wager placed by the main player; an amount of at least one additional wager placed by the second player; date; and time;

determining whether the main player is eligible to place the wager on the game, wherein one of a payment made directly through the gaming machine and a system bank account balance of the main player determines the eligibility of the main player;

determining whether the second player is eligible to place the additional wager on the game, wherein only a system bank account balance of the second player determines the eligibility of the second player;

updating the dynamic transaction summary based on the individual eligibility of each of the main player and the second player to place the wager and the additional wager respectively;

transmitting the updated dynamic transaction summary to the system operator;

receiving data from the system operator regarding an outcome of the game; and

updating the system bank account balance of the main player by one of crediting and debiting the amount of the wager placed by the main player and updating the system bank account balance of the second player by one of crediting and debiting the amount of the additional wager placed by the second player depending upon the outcome of the game.

2. The method of claim 1 further comprising notifying the second player that the main player has been identified at the system operator by sending a notification message from a system organization to the second player.

3. The method of claim 1 further comprising the steps of:

assessing a first fee for the main player to place the wager on the game and assessing a second fee for the second player to place the additional wager;

determining whether the main player is eligible to pay the first fee on the wager, wherein one of the payment made directly through the gaming machine and the system bank account balance of the main player determines the eligibility of the main player;

determining whether the second player is eligible to pay the second fee on the additional wager, wherein only the system bank account balance of the second player determines the eligibility of the second player;

updating the dynamic transaction summary based on the eligibility of each of the main player and the second player to pay the first fee and to pay the second fee respectively; and

updating the system bank account balance of the main player when the payment is made through a system bank account by debiting the amount of the first fee and updating the system bank account balance of the second player by debiting the amount of the second fee independent of the outcome of the game.

4. A team gaming system that allows multiple players to place independent wagers on a single game comprising:

a network configured for communication between a system organization, one or more system operators, and a plurality of players registered with the system organization;

at least one system organization server with a database containing information for the plurality of players, wherein the at least one system organization server has a processor configured to access the database and to execute a set of program instructions causing the processor to:

identify a main player that is playing a game at one of a gaming machine and a gaming event located within a system operator, wherein the gaming machine is a slot machine operated by the main player and comprises:

an input mechanism to allow the main player to enter commands into the gaming machine;

a display that shows:

the game that the main player is playing on the gaming machine; and

at least one of a text message, a video message, and a voice message communicated between the main player and at least a second player;

an acceptor for receiving a wager and establishing a credit balance;

join the second player with the main player, wherein the second player is remotely located from the system operator and uses a smartdevice that is in communication with the system operator to place wagers on the same game played by the main player as if the second player was one of physically located and playing on the same gaming machine that the main player is playing on and physically located at the same gaming event as the main player and placing his own bets;

sending and receiving through the display of the gaming machine while the wagers are being placed the at least one of a text message, a video message, and a voice message communicated between the main player and the second player;

create a dynamic transaction summary for the game wherein the dynamic transaction summary for the game is comprised of: identification information of the main player, identification information of the second player, identification information of the system operator;

identification information for one of the gaming machine and the gaming event; an amount of at least one wager placed by the main player; an amount of at least one additional wager placed by the second player; date; and time;

determine whether the main player is eligible to place the wager on the game, wherein one of a payment made directly through the gaming machine and a system bank account balance of the main player determines the eligibility of the main player;

determine whether the second player is eligible to place the additional wager on the game, wherein only a system bank account balance of the second player determines the eligibility of the second player;

update the dynamic transaction summary based on the individual eligibility of each of the main player and the second player to place the wager and the additional wager respectively;

transmit the updated dynamic transaction summary to the system operator;

receive data from the system operator regarding an outcome of the game; and

update the system bank account balance of the main player by one of crediting and debiting the amount of the wager placed by the main player and update the system bank account balance of the second player by one of crediting and debiting the amount of the additional wager placed by the second player depending upon the outcome of the game.

5. The system of claim 4 wherein the network is further configured for communication between the system organization and a plurality of smartdevices operated by the plurality of players, wherein data transmitted between the processor of the system organization and the plurality of smartdevices is transmitted via at least one of a plurality of cellular phone carriers and a plurality of internet service providers.

6. The system of claim 5 wherein each smartdevice may be one of a smartphone, a computing tablet, and a personal computer.

7. The system of claim 6 wherein the set of program instructions executed by the processor further causes the processor to relay messages among the plurality of players, wherein the messages are sent via the smartdevices and the gaming machine.

8. The system of claim 4 wherein the set of program instructions executed by the processor further causes the processor to:

store in the database at least one list created by the main player, wherein the list created by the main player contains identification information of at least one specific player that should receive a notification message from the system organization when the main player is identified at the system operator and playing the game; and

transmit the notification message to any specific player contained on the list created by the main player.

9. The system of claim 4 wherein the set of program instructions executed by the processor further causes the processor to:

assess a first fee for the main player to place the wager on the game and assessing a second fee for the second player to place the additional wager on the game;

determine whether the main player is eligible to pay the first fee on the wager, wherein one of the payment made directly through the gaming machine and the system bank account balance of the main player determines the eligibility of the main player;

determine whether the second player is eligible to pay the second fee on the additional wager, wherein only the system bank account balance of the second player determines the eligibility of the second player;

update the dynamic transaction summary based on the eligibility of each of the main player and the second player to pay the first fee and pay the second fee respectively; and

updating the system bank account balance of the main player when the payment is made through a system bank account by debiting the amount of the first fee and updating the system bank account balance of the second player by debiting the amount of the second fee independent of the outcome of the game.

10. A method for allowing multiple players to place independent wagers on a single game comprising the steps of:

identifying a main player that is playing a game at one of a gaming machine and a gaming event located within a system operator, wherein the gaming machine is a slot machine operated by the main player and comprises:

an input mechanism to allow the main player to enter commands into the gaming machine;

a display that shows:

the game that the main player is playing on the gaming machine; and

at least one of a text message, a video message, and a voice message communicated between the main player and at least a second player;

an acceptor for receiving a wager and establishing a credit balance;

transmitting data to the second player regarding of the main player that has been identified at the system operator, wherein the at least second player is remotely located from the system operator and uses a smartdevice that is in communication with the system operator to place wagers on the same game played by the main player as if the second player was one of physically located and playing on the same gaming machine that the main player is playing on and physically located at the same gaming event as the main player and placing his own bets;

receiving data from the main player regarding at least one wager that the main player is placing on the game;

receiving data from the at least second player regarding at least one additional wager that the at least second player is placing on the same game;

sending and receiving through the display of the gaming machine while the wagers are being placed the at least one of a text message, a video message, and a voice message communicated between the main player and the second player;

creating a dynamic transaction summary for the game wherein the dynamic transaction summary for the game is comprised of: identification information of the main player, identification information of the at least second player, identification information of the system operator; identification information for one of the gaming machine and the gaming event; an amount of the at least one wager placed by the main player; an amount of the at least one additional wager placed by the at least second player; date; and time;

determining whether the main player is eligible to place the wager on the game, wherein one of a payment made directly through the gaming machine and a system bank account balance of the main player determines the eligibility of the main player;

determining whether the second player is eligible to place the additional wager on the game, wherein only a system bank account balance of the second player determines the eligibility of the second player;

updating the dynamic transaction summary based on the individual eligibility of each of the main player and the at least second player to place the at least one wager and the at least one additional wager respectively;

transmitting the updated dynamic transaction summary to the system operator;

receiving data from the system operator regarding an outcome of the game;

transmitting the data received from the system operator regarding the outcome of the game to the at least second player;

updating the system bank account balance of the main player by one of crediting and debiting the amount of the at least one wager placed by the main player and updating the system bank account balance of the at least second player by one of crediting and debiting the amount of the at least one additional wager placed by the at least second player depending upon the outcome of the game; and

settling the at least one wager made by the main player and settling the at least one additional wager made by the at least second player with the system operator.

11. The method of claim 10 further comprising the step of relaying messages between the main player and the at least second player, wherein the messages are relayed through the system organization.

12. The method of claim 10 further comprising the steps of:

assessing at least a first fee for the main player to place the at least one wager on the game and assessing at least a second fee for the at least second player to place the at least one additional wager;

determining whether the main player is eligible to pay the at least first fee on the at least one wager, wherein one of the payment made directly through the gaming machine and the system bank account balance of the main player determines the eligibility of the main player;

determining whether the second player is eligible to pay the at least second fee on the at least one additional wager, wherein only the system bank account balance of the second player determines the eligibility of the second player;

updating the dynamic transaction summary based on the eligibility of each of the main player and the at least second player to pay the at least first fee and pay the at least second fee respectively; and

updating the system bank account balance of the main player by subtracting the amount of the at least first fee and updating the system bank account balance of the at least second player by subtracting the amount of the at least second fee independent of the outcome of the game.