BACKGROUND OF THE INVENTION

Field of the Invention

The present general inventive concept is directed to a method, apparatus, and computer readable storage medium directed to an apparatus and method to automatically administer multi-level progressive wagers for a casino table game.

Description of the Related Art

Casino table games (for example, blackjack, THREE CARD POKER, CARRIBEAN STUD POKER, etc.) receive a main wager from the player (in the form of chips) and the if the player wins the game the player is paid a payout on the main wager and if the player loses the game then the player loses the main wager. In order to generate more revenue and also generate more excitement for players, casino table games can optionally offer side wagers, which typically offer bets with a high variance and is resolved based on some discrete predetermined criteria (e.g., the rank of a poker hand formed from cards dealt, whether a particular card combination is formed (e.g., three sevens), etc.) Progressive jackpots are also offered as side bets in which the payouts are not predetermined and static but are based on a progressive jackpot pool. For each wager that is place, all or a portion of that wager is contributed to the progressive jackpot pool (and the remainder is typically kept by the house as profit). When a player achieves a combination which entitles him/her to win the progressive jackpot, the entire amount of the progressive jackpot is awarded to the player. In this manner, the amount players can win for achieving a “longshot” type of combination (e.g., being dealt a royal flush, etc.) will continuously grow larger as people play the progressive wager, until somebody wins it (by getting the predetermined combination) upon which the amount in the progressive jackpot is reset to a “seed” amount.

SUMMARY OF THE INVENTION

It is an aspect of the present invention to provide an improved progressive wagering system.

These together with other aspects and advantages which will be subsequently apparent, reside in the details of construction and operation as more fully hereinafter described and claimed, reference being had to the accompanying drawings forming a part hereof, wherein like numerals refer to like parts throughout.

