Gaming device and method of use

Abstract

A gaming apparatus allows players to collect accumulated credits at a future date in return for larger prizes or higher payback percentages during game play. The gaming apparatus includes a gaming device for playing a game. A display is coupled with the gaming device. A controller is in communication with the gaming device and the display. The controller is configured to receive a wager and determine a game outcome. The controller can determine a credit balance based on the game outcome. The controller receives a request to cashout the credit balance and determines a first and second payout. The first payout is paid at the present time and the second payout is paid at a future time. The first and second payouts are displayed to the player and the player is allowed to choose one of the payouts. The payout chosen by the player is awarded.

1 . A gaming apparatus comprising:
 (A) a gaming device for allowing a player to play a game;   (B) a display coupled with the gaming device;   (C) a controller in communication with the gaming device and the display, the controller being configured to;
 (a) receive a wager; 
 (b) determine a game outcome; 
 (c) determine a credit balance based on the game outcome; 
 (d) receive a request to cash out the credit balance; 
 (e) determine a first and second payout, the first payout being paid at the present time and the second payout being paid at a future time; 
 (f) display the first and second payouts; 
 (g) allow the player to choose one of the payouts; and 
 (h) award the payout chosen by the player. 
   
     
     
         2 . The gaming apparatus of  claim 1 , wherein the second payout has a higher percentage payback than the first payout. 
     
     
         3 . The gaming apparatus of  claim 1 , wherein the first payout is associated with a first paytable and the second payout, is associated with a second paytable. 
     
     
         4 . The gaming apparatus of  claim 3 , wherein the second paytable provides larger prize amounts. 
     
     
         5 . The gaming apparatus of  claim 1 , wherein the second payout is reduced after a pre-determined period of time. 
     
     
         6 . The gaming apparatus of  claim 1 , wherein the future time is a non-peak time. 
     
     
         7 . A method of gaming comprising:
 (A) receiving a wager;   (B) allowing a player to chose a time period when an account balance will be paid, the time period at least including a first time period at the end of a game and a second time period after the game has ended;   (C) allowing the player to play the game;   (D) determining a payout amount based on the time period that was selected;   (E) receiving a cashout request; and   (F) paying the payout amount.   
     
     
         8 . The method of  claim 7 , further comprising displaying the payout amount during the game. 
     
     
         9 . The method of  claim 7 , further comprising displaying a first and second payout amount during the game. 
     
     
         10 . The method of  claim 7 , wherein the first time period is associated with a first paytable and the second time period is associated with a second paytable. 
     
     
         11 . The method of  claim 10 , wherein the second paytable has a higher percentage payback than the first paytable. 
     
     
         12 . The method of  claim 10 , wherein the second paytable has larger prizes. 
     
     
         13 . The method of  claim 10 , wherein the second paytable awards prizes more frequently. 
     
     
         14 . The method of  claim 7 , wherein a minimum wager is reduced when the second time period is selected. 
     
     
         15 . The method of  claim 7 , wherein the player is allowed to select a time period from a list of time periods. 
     
     
         16 . The method of  claim 7 , wherein a formula is used to determine the payout amount. 
     
     
         17 . The method of  claim 7 , wherein the payout is reduced, if the payout is not collected during the time period selected by the player. 
     
     
         18 . A method of gaming comprising:
 (A) receiving a wager and establishing a balance;   (B) determining a game outcome;   (C) playing a game;   (D) displaying the game outcome;   (E) incrementing the balance by the game outcome;   (F) displaying a first and a second payout of the balance, the first payout being paid at the end of a game and the second payout being paid a period of time after the game has ended;   (G) allowing a player to select the first or second payout; and   (H) paying the payout selected by player.   
     
     
         19 . The method of  claim 18 , wherein the first payout is associated with a first paytable and the second payout is associated with a second paytable. 
     
     
         20 . The method of  claim 19 , wherein the second paytable has a higher percentage payback than the first paytable. 
     
     
         21 . The method of  claim 19 , wherein the second paytable has larger prize amounts. 
     
     
         22 . The method of  claim 19 , wherein the second paytable awards prizes more frequently. 
     
     
         23 . The method of  claim 18 , wherein a minimum wager is reduced when the second payout is selected. 
     
     
         24 . The method of  claim 18 , wherein the player is allowed to select the payout from a plurality of payouts. 
     
     
         25 . The method of  claim 18 , wherein a formula is used to determine the payouts.