METHOD AND APPARATUS FOR PROVIDING INSURANCE POLICIES FOR GAMBLING LOSSES
First Claim
Patent Images
1. A method comprising:
- associating a gambling loss insurance policy with a player;
determining a player identifier at a first gaming device, wherein the player identifier identifies the player;
determining whether the gambling loss insurance policy is active for game play by the player at the first gaming device;
transmitting gambling results from the first gaming device to a network server;
determining through the player identifier that the player is playing at a second gaming device;
determining whether the gambling loss insurance policy is active for game play by the player at the second gaming device;
transmitting gambling results from the second gaming device to the network server;
determining a net loss associated with gambling results from the first and second gaming devices; and
determining a refund based on the net loss and the gambling loss 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
11 Claims
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1. A method comprising:
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associating a gambling loss insurance policy with a player;
determining a player identifier at a first gaming device, wherein the player identifier identifies the player;
determining whether the gambling loss insurance policy is active for game play by the player at the first gaming device;
transmitting gambling results from the first gaming device to a network server;
determining through the player identifier that the player is playing at a second gaming device;
determining whether the gambling loss insurance policy is active for game play by the player at the second gaming device;
transmitting gambling results from the second gaming device to the network server;
determining a net loss associated with gambling results from the first and second gaming devices; and
determining a refund based on the net loss and the gambling loss insurance policy. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A system comprising:
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a communication interface; and
a processor operatively coupled to the communication interface and adapted to;
receive a player identifier from a first gaming device;
determine whether the player identifier identifies a player associated with an insurance policy;
receive first session gambling loss information associated with the player from the first gaming device;
receive the player identifier from a second gaming device;
receive second session gambling loss information associated with the player from the second gaming device;
determine a net gambling loss from the first session gambling loss and the second session gambling loss; and
determine a refund based on the net gambling loss and the insurance policy.
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11. A computer readable medium comprising software with instructions to:
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receive a player identifier from a first gaming device;
determine whether the player identifier identifies a player associated with an insurance policy;
receive first session gambling loss information associated with the player from the first gaming device;
receive the player identifier from a second gaming device;
receive second session gambling loss information associated with the player from the second gaming device;
determine a net gambling loss from the first session gambling loss and the second session gambling loss; and
determine a refund based on the net gambling loss and the insurance policy.
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Specification