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A knowledge based wagering game affords a plurality of players an opportunity to place a wager on the game. A sequential series of questions is displayed to each player who must select a correct answer from a plurality of possible answers within a predetermined period of time. The answers selected b

A knowledge based wagering game affords a plurality of players an opportunity to place a wager on the game. A sequential series of questions is displayed to each player who must select a correct answer from a plurality of possible answers within a predetermined period of time. The answers selected by each player are recorded and the players are ranked with respect to all of the other players based on the number of correct answers selected and the amount of time taken to select the answers. Under a pari-mutuel betting system payouts are made in accordance with the players' relative scores.

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1. A method of playing a knowledge based wagering game comprising: identifying a knowledge based game to a plurality of individuals; enrolling a plurality of the individuals as active players for the game whose subsequent scores form a universe of competing players; affording each player an opport

1. A method of playing a knowledge based wagering game comprising: identifying a knowledge based game to a plurality of individuals; enrolling a plurality of the individuals as active players for the game whose subsequent scores form a universe of competing players; affording each player an opportunity to place a wager on the game; accepting the wager from each player to form a wager pool; displaying to each player a sequential series of inquiries and providing a plurality of possible responses to each inquiry; affording each player a predetermined period of time in which to select a response from the plurality of possible responses for each sequentially displayed inquiry; recording the responses selected by each player and the time taken by each player to select each response to each inquiry; determining each player's ranking with respect to the universe of players; displaying to all of the players each player's ranking and any amount won by each player; and paying out the amount won by each player.