METHOD AND APPARATUS FOR PROVIDING INSURANCE POLICIES FOR GAMBLING LOSSES
First Claim
Patent Images
1. A method comprising:
- receiving a confirmation to purchase a gambling insurance policy, the confirmation received from a player;
determining an insurance premium cost associated with the gambling insurance policy;
receiving a payment for the insurance premium cost, wherein the payment is distinct from the confirmation;
determining an amount of loss generated by the player during a game play; and
determining a refund based on the amount of loss and the gambling insurance policy.
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Abstract
A system and method for providing a gambling loss insurance policy automatically computes insurance premiums and processes gambling sessions covered by the gambling loss insurance policies. The players may purchase the insurance policies using various means such as coins, earned winnings, or credit cards. The gambling loss insurance system provides a high level of flexibility for the players to define specific parameters of the insurance policy. Additionally, the players may purchase the insurance policies directly from the gaming machine, a custom terminal on casino floor, or cage personnel having access to a centralized network server.
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Citations
35 Claims
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1. A method comprising:
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receiving a confirmation to purchase a gambling insurance policy, the confirmation received from a player;
determining an insurance premium cost associated with the gambling insurance policy;
receiving a payment for the insurance premium cost, wherein the payment is distinct from the confirmation;
determining an amount of loss generated by the player during a game play; and
determining a refund based on the amount of loss and the gambling insurance policy. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29)
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30. A method comprising:
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outputting at a gaming device an option to purchase a gambling insurance policy;
receiving a confirmation to purchase the gambling insurance policy, the confirmation received from a player; and
after receiving confirmation, receiving payment for the gambling insurance policy.
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31. A system comprising:
a processor adapted to;
receive a confirmation to purchase a gambling insurance policy, the confirmation received from a player;
determine an insurance premium cost associated with the gambling insurance policy;
receive a payment for the insurance premium cost, wherein the payment is distinct from the confirmation;
determine an amount of loss generated by the player during game play; and
determine a refund based on the amount of loss and the gambling insurance policy. - View Dependent Claims (32, 33, 34)
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35. A computer readable medium comprising software with instructions to:
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receive a confirmation to purchase a gambling insurance policy, the confirmation received from a player;
determine an insurance premium cost associated with the gambling insurance policy;
receive a payment for the insurance premium cost, wherein the payment is distinct from the confirmation;
determine an amount of loss generated by the player during game play; and
determine a refund based on the amount of loss and the gambling insurance policy.
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Specification