Bet guarantee system

• US 5,766,075 A
• Filed: 10/03/1996
• Issued: 06/16/1998
• Est. Priority Date: 10/03/1996
• Status: Expired due to Term

• Current Assignee: Caesars Entertainment Operating Co., Inc. (Caesars Entertainment, Inc.)
• Original Assignee: Harrah's Operating Company Incorporated (Caesars Entertainment, Inc.)
• Inventors: Cook, Thomas W., LoCicero, James V.
• Primary Examiner(s): MANUEL, GEORGE C
• Application Number:
  US08/725,575
• Time in Patent Office: 621 Days
• Field of Search: 463/1, 463/25, 463/29, 463/40, 463/42, 264/410, 264/411, 264/412, 235/380, 235/381, 235/382, 235/382.5
• US Class Current: 463/25
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 40/08 Insurance
• CPC Class Codes: G07F 17/32 for games, toys, sports, or amusements

Abstract

A casino management system and method generates bet guarantee coupons for individual patrons of a casino as a function on actual gaming losses during a selected time interval of gaming during the course of an entire trip to a casino spanning any number of days. The patron'"'"'s individual gaming at various gaming machines is tracked as individual patron ratings, or periods of play, identifying the patron'"'"'s wins, losses, and the casino'"'"'s theoretical win. Patron ratings for each day of a trip are accumulated for each patron to form daily rating summaries. When a trip ends, trip rating summaries for the patron'"'"'s wins, losses, and the casino'"'"'s theoretical win are determined from the daily rating summaries. The various summaries are used to calculate a bet guarantee amount as the greater of the patron'"'"'s actual losses during a specified time interval of play, a percentage of the patron'"'"'s total trip loss, a percentage of the casino'"'"'s theoretical win for the entire trip, or a fixed dollar amount. The bet guarantee amount is provided to the patron in the form of a bet guarantee coupon, which is encoded for tracking by the casino, and redeemable by the patron for cash, credit, or coin.

Claims

1. A computer implemented method of providing a bet guarantee to any of a plurality of patrons of a casino, comprising:

tracking individual patron gaming at any of a predetermined type of gaming machine to generate a patron rating for the patron, each patron rating including an amount lost by the patron during the rating, the predetermined type of gaming machine having a specified denomination;

determining from all patron ratings generated during the trip an amount lost in a selected time interval during the trip;

calculating a bet guarantee amount as a function of the amount lost during the selected time interval; and

,

generating a redeemable coupon for the bet guarantee amount for the patron.

2. The computer implemented method of claim 1, wherein determining from all patron ratings generated during the trip an amount lost in a selected time interval during the trip further comprises:

accumulating patron ratings for each day of a patron'"'"'s trip into a daily rating summary for the patron, each daily rating summary including an amount lost by the patron for the day;

determining whether the patron'"'"'s trip has terminated; and

,

responsive to the patron'"'"'s trip terminating, accumulating the daily rating summaries into a trip rating summary, the trip rating summary including an amount lost by the patron during the trip.

3. The computer implemented method of claim 1, wherein calculating a bet guarantee amount as a function of the amount lost during the selected time interval, comprises:

calculating the bet guarantee amount as the greater of;

an amount lost by the patron during a first time interval of patron ratings on at least one of the predetermined type of gaming machines;

a percentage of an amount lost by the patron from patron ratings for the predetermined type of game machines during the trip; and

,

a percentage of a theoretical win amount from patron ratings for the predetermined type of game machines during the trip.

4. In a casino including a plurality of gaming machines, each gaming machine having a type and a denomination, a casino management system for providing a bet guarantee coupon to patron of a casino, comprising:

a computer system including;

a processor communicatively coupled to the gaming machines to receive therefrom a patron rating generated in response to a period of patron gaming at the gaming machine, each patron rating including an amount lost by the patron during the period of patron gaming;

a database management system communicatively coupled to the processor for receiving therefrom a plurality of patron ratings, and including;

a ratings file for storing the plurality of patron ratings, the processor determining from patron ratings for a predetermined type and denomination of gaming machine an amount lost by the patron during a first time interval of patron gaming, the first time interval including one or more patron ratings, and calculating as a function of the amount lost a bet guarantee amount;

a word processing device for receiving from the computer system the bet guarantee amount and generating a bet guarantee coupon redeemable for the bet guarantee amount and uniquely associated with the patron.

5. The casino management system of claim 4, wherein the database management system further comprises:

a daily rating file for storing for each patron, a daily rating summary derived from individual patron ratings for a patron on a single day; and

a trip rating file for storing for each patron at least one trip rating summary, each trip rating summary derived from at least one daily rating summary for an individual patron;

the processor deriving the bet guarantee amount from the trip rating summary for an individual patron as the greater of;

an amount lost by the patron during the first time interval of patron ratings on at least one of the predetermined type and denomination of gaming machines;

a percentage of an amount lost by the patron from patron ratings for the predetermined type and denomination of game machines during the trip; and

,

a percentage of a theoretical win amount from patron ratings for the predetermined type and denomination of game machines during the trip.