Systems and methods for managing money from multiple players
Various embodiments that may generally relate to one or more games at one or more venues. Gaming at a venue may qualify a player for a bonus game. A pool from which awards are paid for winning the bonus game may be funded through gaming activity that is not at the one or more venues.
1. A method for administering games of chance that are based on one or more events at a venue, wherein players of the games are using computing devices to place wagers on the games played, the method comprising:
receiving the wagers from at least a first network and a second network by a totalizer;
allocating a portion of money from the wagers that are received from the first network to a bonus pool based at least in part on source of the games played, amount risked in the games, and riskiness of games and types of games;
allocating bonus currency to a plurality of players associated with wagers that are received from the second network, wherein the bonus currency is usable to play a bonus game, at least part of the bonus pool is winnable from play of the bonus game, and the bonus game is administered as a last of the one or more events held at the venue during a predetermined time period; and
playing the bonus game using a wager of the bonus currency from the plurality of players associated with the wagers from the second network, wherein the wager of the bonus currency identifies a winning condition of a second of the one or more events held at the venue,
wherein the wager of the bonus currency wins the money from the bonus pool if the winning condition occurs in the second of the one or more events,
an amount of the bonus currency allocated to the plurality of players associated with the second network is proportional to a risk type of the wager, the bonus currency is not exchangeable for a monetary value, and
an interest in the bonus pool is distributed (1) in its entirety to the plurality of players who won the bonus game, and (2) as a portion to the plurality of players who won the bonus game, and a remainder portion not won is set to expire after the last of the one or more events, such that the remainder portion of the bonus currency has no value after the last of the one or more events.
2. The method of claim 1 , wherein the wager of the bonus currency is that the winning condition of the one or more events of the bonus game will occur, wherein the winning condition includes at least one guess at a winner of a race.
3. The method of claim 1 , further comprising: determining a date at which the bonus currency expires if the bonus currency is not used.
4. The method of claim 1 , further comprising:
determining eligibility of the second of the one or more events to be a basis of the bonus game; and when eligible,
allowing use of the bonus currency to play the bonus game on the second of the one or more events.
5. The method of claim 4 , wherein when the second of the one or more events is eligible for the bonus game and the second of the one or more events is a last of the one or more events of a day held at the venue, further comprising: preventing use of the bonus currency on other events of the day.
6. The method of claim 4 , further comprising:
when no one wins the bonus game based on the second of the one or more events, carrying forward a balance of the bonus pool to a future event on which a future bonus game may be based.
7. The method of claim 6 , further comprising:
determining that the bonus pool must be won on the future event;
determining that no one wins a given bonus game based on the future event; and
awarding the bonus pool to at least one of the plurality of players of the given bonus game based on the future event that did not win.
8. The method of claim 4 , wherein only the bonus game is played based on the second of the one or more events with the bonus currency.
9. The method of claim 1 , further comprising: requiring that the wager have a particular risk characteristic.
10. The method of claim 9 , wherein the particular risk characteristic includes a superfecta wager.
11. The method of claim 1 , wherein a plurality of players associated with the wagers that are received from the first network, are not allocated any bonus currency.
12. The method of claim 1 , wherein no portion of the money is allocated to the bonus pool the plurality of players associated with the wagers that are received from the second network.
13. The method of claim 1 , wherein the bonus currency includes points usable to play the bonus game.
14. The method of claim 1 , wherein the games are one or more horse races run at the venue.
15. The method of claim 1 , wherein the portion of the money differs for each game based on a riskiness of each game.
16. An apparatus for administering games of chance that are based on one or more events at a venue, wherein players of the games are using computing devices to place wagers on the games played, the apparatus comprising:
a totalizer configured to receive the wagers; and
a processor configured to:
receive the wagers from at least a first network and a second network by the totalizer;
allocate a portion of money from the wagers that are received by the first network to a bonus pool, based at least in part on location of the venue, source of the games played, amount risked in the games, and riskiness of games and types of games;
allocate bonus currency to a plurality of players associated with wagers that are received from the second network, wherein the bonus currency is usable to play a bonus game, at least part of the bonus pool is winnable from play of the bonus game, and the bonus game is administered as a last of the one or more events held at the venue during a predetermined time period; and
play the bonus game using a wager of the bonus currency from the plurality of players associated with the wagers from the second network, wherein the wager of the bonus currency identifies a winning condition of a second of the one or more events held at the venue,
wherein the wager of the bonus currency wins the money from the bonus pool if the winning condition occurs in the second of the one or more events,
an amount of the bonus currency allocated to the plurality of players associated with the second network is proportional to a risk type of the wager, the bonus currency is not exchangeable for a monetary value, and
an interest in the bonus pool is distributed (1) in its entirety to the plurality of players who won the bonus game, and (2) as a portion to the plurality of players who won the bonus game, and a remainder portion not won is set to expire after the last of the one or more events, such that the remainder portion of the bonus currency has no value after the last of the one or more events.