US20070156466A1 - Method and apparatus for providing insurance policies for gambling losses - Google Patents

Abstract

A method according to some embodiments of the present invention provides for a game server to receive policy requirements of a user for a gambling loss insurance policy from a terminal. The game server determines a premium amount based on the policy requirements of the user and transmits information concerning the premium amount to the user.

Description

• The present application is a continuation of U.S. application Ser. No. 11/008,554, filed Dec. 9, 2004, which is a continuation-in-part of U.S. patent application Ser. No. 10/365,154, entitled “Method And Apparatus For Providing Insurance Policies For Gambling Losses”, filed Feb. 11, 2003 and issued as U.S. Pat. No. 6,869,362 on Mar. 22, 2005;
• which is a continuation-in-part of U.S. patent application Ser. No. 09/816,017, entitled “System and Method for Generating and Executing Insurance Policies for Gambling Losses”, filed on Mar. 23, 2001 and issued as U.S. Pat. No. 6,561,903 B2 on May 13, 2003;
• which is a continuation of U.S. patent application Ser. No. 09/168,398 entitled “System and Method for Generating and Executing Insurance Policies for Gambling Losses”, filed on Oct. 6, 1998 and issued as U.S. Pat. No. 6,254,482 B1 on Jul. 3, 2001;
• which is a divisional of U.S. patent application Ser. No. 08/804,060 entitled “System and Method for Generating and Executing Insurance Policies for Gambling Losses”, filed on Feb. 21, 1997 and issued as U.S. Pat. No. 6,113,493 on Sep. 5, 2000.
• The content of each of these applications is incorporated herein by reference.
CROSS-REFERENCE TO RELATED APPLICATIONS
• The present application is related to U.S. patent application Ser. No. 11/423,166 filed on Jun. 9, 2006 in the name of Walker et al. and entitled “Method And Apparatus For Providing Insurance Policies For Gambling Losses”.
• The present application is related to U.S. patent application Ser. No. 11/423,168 filed on Jun. 9, 2006 in the name of Walker et al. and entitled “Method And Apparatus For Providing Insurance Policies For Gambling Losses”.
• The present application is related to U.S. patent application Ser. No. 11/423,171 filed on Jun. 9, 2006 in the name of Walker et al. and entitled “Method And Apparatus For Providing Insurance Policies For Gambling Losses”.
• The present application is related to U.S. patent application Ser. No. ______ (04-059-C4) filed concurrently herewith in the name of Walker et al. and entitled “Method And Apparatus For Providing Insurance Policies For Gambling Losses”.
• The present application is related to U.S. patent application Ser. No. ______ (04-059-C5) filed concurrently herewith in the name of Walker et al. and entitled “Method And Apparatus For Providing Insurance Policies For Gambling Losses”.
• The present application is related to U.S. patent application Ser. No. ______ (04-059-C6) filed concurrently herewith in the name of Walker et al. and entitled “Method And Apparatus For Providing Insurance Policies For Gambling Losses”.
• The present application is related to U.S. patent application Ser. No. ______ (04-059-C7) filed concurrently herewith in the name of Walker et al. and entitled “Method And Apparatus For Providing Insurance Policies For Gambling Losses”.
• The present application is related to U.S. patent application Ser. No. ______ (04-059-C9) filed concurrently herewith in the name of Walker et al. and entitled “Method And Apparatus For Providing Insurance Policies For Gambling Losses”.
• The present application is related to U.S. patent application Ser. No. ______ (04-059-C10) filed concurrently herewith in the name of Walker et al. and entitled “Method And Apparatus For Providing Insurance Policies For Gambling Losses”.
• The present application is related to U.S. patent application Ser. No. ______ (04-059-C11) filed concurrently herewith in the name of Walker et al. and entitled “Method And Apparatus For Providing Insurance Policies For Gambling Losses”.
• The present application is related to U.S. patent application Ser. No. ______ (04-059-C12) filed concurrently herewith in the name of Walker et al. and entitled “Method And Apparatus For Providing Insurance Policies For Gambling Losses”.
FIELD OF THE INVENTION
• The present invention relates generally to methods and apparatus for gambling.
BACKGROUND OF THE INVENTION
• Gambling at casinos has long been a popular activity. Casinos offer a wide variety of games such as slot machines and table games. Games may be played through various devices, or may be conducted without a device. Examples of devices for games include, without limitation, personal computers, video poker machines, pachinko machines, video blackjack machines, video keno machines, video lottery machines, video bingo machines, and reeled slot machines (e.g., mechanical and/or video reeled slot machines).
• Regardless of the particular type of game, gambling generally exposes the players to unpredictable gambling losses. Thus, gambling may result in a substantial financial loss to the player.
BRIEF DESCRIPTION OF THE DRAWINGS
• The accompanying drawings, which are incorporated in and constitute a part of this specification, illustrate some embodiments of the invention, and together with the description serve to explain the principles of some embodiments of the invention:
• FIG. 1 is a block diagram of a system according to one or more embodiments of the present invention;
• FIG. 2 is a detailed block diagram of a network server according to one or more embodiments of the present invention;
• FIG. 3 is a detailed block diagram of a slot machine according to one or more embodiments of the present invention;
• FIG. 4 is a detailed block diagram of a kiosk according to one or more embodiments of the present invention;
• FIG. 5 is a tabular representation of a player database according to one or more embodiments of the present invention;
• FIG. 6 is a tabular representation of an insurance term database according to one or more embodiments of the present invention;
• FIG. 7 is a tabular representation of an insurance policy database according to one or more embodiments of the present invention;
• FIG. 8 is a tabular representation of a gambling session database according to one or more embodiments of the present invention;
• FIG. 9 is a tabular representation of an insurance policy status database according to one or more embodiments of the present invention;
• FIGS. 10A and 10B are a flowchart illustrating a process according to one or more embodiments of the present invention for offering a gambling loss insurance policy;
• FIG. 11 is a flowchart illustrating a process according to one or more embodiments of the present invention for selecting policy requirements;
• FIG. 12 is a flowchart illustrating a process according to one or more embodiments of the present invention for calculating an insurance premium;
• FIG. 13 is a flowchart illustrating a process according to one or more embodiments of the present invention for finalizing the purchase of the insurance policy;
• FIG. 14 is a flowchart illustrating a process according to one or more embodiments of the present invention for system maintenance of active insurance policies;
• FIG. 15 is a flowchart illustrating a process according to one or more embodiments of the present invention for facilitating a gambling session;
• FIG. 16 is a flowchart illustrating a process according to one or more embodiments of the present invention for determining whether an insurance payout is necessary pursuant to activity of a gambling session; and
• FIG. 17 is a flowchart illustrating a process according to one or more embodiments of the present invention for providing an insurance payout to a player.
DETAILED DESCRIPTION
• Applicants have recognized that many types of players would find it beneficial to be protected against unpredictable gambling losses by an insurance policy. Also, many players would find it desirable to be offered insurance protection that would provide the freedom to move between gaming machines (e.g., be able to play at more than one particular slot machine during an insurance coverage period), while maintaining a high level of playing enjoyment. For instance, some players would find it appealing to be able to purchase an insurance policy at one gaming machine, and to enjoy play covered by the insurance policy at that gaming machine and/or at other gaming machines. Players would also find it beneficial to be offered opportunities for playing different types of games (possibly at different locations) under a single insurance coverage. Additionally, many types of players would find it beneficial to have an option to suspend a gambling session while still being covered by an insurance policy once the player resumes the gambling session.
• Some players would find it appealing to have flexibility in defining the policy requirements (e.g., amount of loss covered; period of coverage) of an insurance policy. Applicants have also recognized that many types of players would find it desirable to be provided with a method of procuring gambling loss insurance through commonly accessible means such as credit cards, kiosks, point-of-sale terminals, and/or via a personal computer (e.g., in communication with a server over the Internet).
• Casinos and other game operators would benefit from providing any of such attractive options described herein to players, which may result in increased revenue for the game operators. For example, an increase in players' enjoyment of game play by making a flexible insurance policy against unpredictable losses available would result in increased play of gaming devices, and thus an increase in revenue for the owners and operators of the gaming devices.
• Systems and methods consistent with one or more embodiments of the present invention determine appropriate premiums for gambling insurance policies, and may provide convenient distribution and administration of those policies. According to some embodiments, premiums may be determined automatically.
• According to various embodiments of the present invention, a system for providing a gambling loss insurance policy comprises a terminal (e.g., a gaming machine; a gaming device; a kiosk) and a server (e.g., a network server; a game server).
• According to one or more embodiments, the terminal includes processing means, user input means, and a display. In some embodiments, the processing means of the terminal executes a game. The user input means may receive a user identifier, game information, and/or policy requirements for the gambling loss insurance policy. The display displays game results and/or information relating to the gambling loss insurance policy. Moreover, the server includes a receiving means, a determining means, and a transmitting means. The receiving means receives the policy requirements from the terminal and the determining means determines a premium cost based on the policy requirements. Finally, the transmitting means transmits an indication of the premium cost to the user. For example, the transmitting means may transmit an indication of the premium cost to a terminal for display to the user, and/or may transmit an indication of the premium cost to the user via other means (e.g., via an audio signal; via an infrared signal).
• A method for providing a gambling loss insurance policy in accordance with various embodiments of the present invention comprises several steps. Initially, a terminal (e.g., a gaming machine; a gaming device; a kiosk) receives a user identifier and policy requirements for the gambling loss insurance policy from the user. The terminal transmits the user identifier and the policy requirements to a server (e.g., a network server; a game server), which then determines a premium cost based on the policy requirements. Finally, the server transmits an indication of the premium cost to the user. For example, the transmitting means may transmit an indication of the premium cost to the user at a gaming machine, may transmit an indication of the premium cost to a terminal for display to the user, and/or may transmit an indication of the premium cost to the user via other means (e.g., via e-mail; via postal mail; via a casino employee).
• Reference will now be made in detail to various embodiments consistent with the invention, some examples of which are illustrated in the accompanying drawings.
• System Architecture
• FIG. 1 shows asystem100 consistent with one or more embodiments of the present invention having a server102 (e.g., a game server; a network server) in communication withgaming machines104,106 and with akiosk108.
• AlthoughFIG. 1 shows only twogaming machines104,106 and only onekiosk108 in communication withserver102, those of skill in the art will understand that any number of terminals (e.g., gaming machines and/or kiosks) may be in communication with (e.g., connected to)server102. For example, some embodiments of the present invention provide for one or more gaming machines in communication with a server, but do not provide for any kiosks. In another example, some embodiments of the present invention provide for one or more kiosks in communication with a server, but do not provide for any gaming machines. In yet another example, some embodiments of the present invention provide for one or more gaming machines and one or more kiosks in communication with a server.
• Gaming machines104,106 andkiosk108 may comprise one or more computing devices, such as those based on the INTEL® PENTIUM® processor, adapted to communicate with theserver102, and/or may comprise a personal computer, a portable type of computer, a laptop computer, a palm-top computer, a wearable computer, a hand-held computer, and/or a Personal Digital Assistant (PDA). Other equivalent devices capable of performing the methods specified herein are well known in the art.
• Server102 is preferably a conventional server computer (e.g., a game server; a casino server).Gaming machines104,106 are preferably conventional slot machines, butgaming machines104,106 may include, without limitation, a personal computer, a video poker machine, a pachinko machine, a video blackjack machine, a video keno machine, a video lottery machine, a video bingo machine, a reeled slot machine (e.g., a mechanical and/or video reeled slot machine), and/or any combination of the above. Other types of gaming machines will be known to those of skill in the art.
• Kiosk108 is preferably a machine or terminal operable in accordance with various embodiments described herein to facilitate establishing a gambling loss insurance policy, purchasing a gambling loss insurance policy (e.g., by a user), administering a gambling loss insurance policy, and/or providing a payout to a user in accordance with a gambling loss insurance policy. According to some embodiments,kiosk108 is not operable to provide a gambling session.Kiosk108 may include, without limitation, a terminal on a casino floor, a personal computer (e.g., operable to communicate withserver102 via the Internet), a set-top box, a point-of-sale terminal, a vending machine, and/or an automatic teller machine. Other types of kiosks will be known to those of skill in the art.
• In operation according to various embodiments,gaming machines104,106 andkiosk108 transmit toserver102 information such as player identification information (e.g., player ID number), policy requirements, and/or insurance premiums. Accordingly, any of various types of terminals (e.g., gaming machines; kiosks) may be used by a user, for example, for establishing a gambling loss insurance policy, purchasing a gambling loss insurance policy, and/or receiving a payout in accordance with a gambling loss insurance policy. According to one or more embodiments,gaming machines104,106 may also transmit gambling results toserver102. Accordingly,gaming machines104,106 may be used to facilitate play that is covered by a gambling loss insurance policy. According to various embodiments of the present invention,server102 is operable to transmit togaming machines104,106 andkiosk108 information such as insurance premium and/or payout data.
• According to some embodiments, one or more ofgaming machines104,106 andkiosk108 are operable to perform some or all of the functionality ofserver102. For example,gaming machine104 may be configured to determine information such as insurance premium and/or payout data without receiving such information fromserver102, and without transmitting information such as player ID number, policy requirements, insurance premiums, and/or gambling results toserver102.
• As noted above, any number of gaming machines and/or kiosks may be in communication with theserver102. The twogaming machines104,106 and thesingle kiosk108 are depicted inFIG. 1 solely for purposes of illustration.
• Theserver102 may communicate with one or more terminals, such as gaming machines and/or kiosks, directly or indirectly. Communication may take place via a network, including, without limitation, the Internet, wireless network protocol, local area network or a combination thereof; through a Web site maintained by theserver102 on a remote server; or over an on-line data network including, without limitation, commercial on-line service providers and bulletin board systems. In yet other embodiments, the terminals may communicate with theserver102 over RF, cable TV, satellite links and the like.
• Those skilled in the art will understand that devices in communication with each other need not be continually transmitting to each other. On the contrary, such devices need only transmit to each other as necessary, and may actually refrain from exchanging data most of the time. For example, a device in communication with another device via the Internet may not transmit data to the other device for weeks at a time.
• Theserver102 may function as a “Web server” that generates Web pages (documents on the Web that typically include an HTML file and associated graphics and script files) that may be accessed via the Web and allows communication with theserver102 in a manner known in the art.
• FIG. 1 depicts only some embodiments of the present invention. Other arrangements of devices to perform various methods specified herein will be readily appreciated by those of skill in the art.
• FIG. 2 shows a detailed block diagram of an embodiment ofserver102 ofFIG. 1. It will be understood by those of skill in the art that networkserver200 may be configured in many different ways. Thenetwork server200 may be implemented as a system controller, a dedicated hardware circuit, an appropriately programmed general-purpose computer, or any other appropriate device including, without limitation, electronic, mechanical or electro-mechanical devices. For example,network server200 may be a conventional server computer such as an RS 6000 manufactured by IBM CORPORATION. Alternatively, the function ofnetwork server200 may be distributed across multiple computing systems as described below.
• Thenetwork server200 of the illustrated embodiment comprises a central processing unit (CPU)205, such as one or more INTEL® PENTIUM® microprocessors. Thenetwork server200 of the illustrated embodiment also comprises acommunication port210. Thus,network server200 is able to receive and/or transmit information using thecommunication port210.Communication port210 provides communication betweennetwork server200 and a network of terminals, including one or more gaming machines and/or kiosks.Communication port210 may comprise, without limitation, a serial port, an infrared port, a telephone port, a cable modem, a network router, and/or a radio frequency transceiver.
• Network server200 may also be configured in a distributed architecture, wherein databases and processors are housed in separate units or locations. Some such servers perform primary processing functions and contain at a minimum, a RAM, a ROM, and a general processor. In such an embodiment, each of these servers is attached to a wide-area network (WAN) hub that serves as a primary communication link with the other servers and gaming machines. The WAN hub may have minimal processing capability itself, serving primarily as a communications router.
• TheCPU205 is also in communication with adata storage device240. Thedata storage device240 may comprise, for example, magnetic memory (e.g., a hard magnetic disk drive), optical memory, flash memory, semiconductor memory or any combination thereof. Thedata storage device240 may include, for example, Random Access Memory (RAM), Read-Only Memory (ROM), a compact disc (e.g., CD-ROM) and/or a hard disk. TheCPU205 and thedata storage device240 may each be, for example: (i) located entirely within a single computer or computing device; or (ii) connected to each other by a remote communication medium including, without limitation, a serial port cable, a telephone line, a network connection or a radio frequency transceiver. In some embodiments, thenetwork server200 may comprise one or more computers that are connected to a remote server computer for maintaining databases.
• Thedata storage device202 stores aprogram203 for controlling theCPU205. TheCPU205 performs instructions of theprogram203, and thereby operates in accordance with the present invention, and particularly in accordance with one or more of the methods described in detail herein. Theprogram203 may be stored in a compressed, uncompiled and/or encrypted format, as well as in a variety of other forms known in the art. Theprogram203 furthermore includes program elements that may be necessary, including, without limitation, an operating system, a database management system and “device drivers” for allowing theCPU205 to interface with one or more peripheral devices. Appropriate program elements are well known to those skilled in the art, and need not be described in detail herein.
• According to some embodiments of the present invention, the instructions of theprogram203 may be read into a main memory from another computer-readable medium, such as into RAM from a hard drive or ROM. Execution of sequences of the instructions inprogram203 causesCPU205 to perform various process steps described herein. In alternative embodiments, hard-wired circuitry may be used in place of, or in combination with, software instructions for implementation of one or more processes of the present invention, as would be understood by those of skill in the art. Thus, embodiments of the present invention are not limited to hardware, software or any specific combination of hardware and software.
• Data storage device240 also contains databases used in processing transactions in accordance with various embodiments of the present invention. In some embodiments, database software such as ORACLE7, manufactured by ORACLE CORPORATION, creates and manages one or more of these databases.
• Thedata storage device240 stores (i) aplayer database245, (ii) aninsurance term database250, (iii) aninsurance policy database255, (iv) agambling session database260, and (v) an insurance policy status database265. These databases are described in detail below and depicted with exemplary entries in the following description and in the accompanying figures. As will be understood by those skilled in the art, the schematic illustrations and accompanying descriptions of the databases presented herein are exemplary arrangements for stored representations of information. A number of other arrangements may be employed besides those suggested by the tables shown. For example, those skilled in the art will understand that the number, format and/or content of the databases can be different from those illustrated herein. Similarly, the illustrated entries of the databases represent exemplary information only; those skilled in the art will understand that the number, format and/or content of the entries can be different from those illustrated herein. Based on the present disclosure many other arrangements of data will be readily understood by those of skill in the art.
• In some alternative embodiments, one or more of theplayer database245, theinsurance term database250, theinsurance policy database255, thegambling session database260, and the insurance policy status database265 may be stored at one or more terminals, such as a gaming machine or kiosk. Accordingly, in some embodiments one or more insurance policies may be generated, administered and/or offered by a terminal (e.g., kiosk108) without requiring communication with a server (e.g., server102).
• Insurance premium calculation algorithms (not shown) are preferably stored instorage device240 and executed byCPU205.
• TheCPU205 is also in communication with aclock230. Information fromclock230 may be used byCPU205, for example, in establishing terms of a gambling loss insurance policy (e.g., by determining a start time of a coverage period) and/or in determining the status of a gambling loss insurance policy (e.g., determining whether a gambling loss insurance policy has expired). In some embodiments,CPU205 may include clock225.
• FIG. 3 shows a detailed block diagram of anexemplary embodiment300 of the gaming machine104 (FIG. 1).Slot machine300 may be implemented as a dedicated hardware circuit, an appropriately programmed general-purpose computer, or any other appropriate device including, without limitation, electronic, mechanical or electro-mechanical devices. Accordingly, the gaming machine need not include the various exemplary components depicted inFIG. 3.
• Slot machine300 includes aCPU305 in communication with aRAM310, avideo display area315, aROM320, areel controller325, a playercard tracking device330, arandom number generator335, a startingcontroller340,communication port385, adata storage device350, ahopper controller365,hopper370, an operating system375 (typically comprising software stored in memory), and aclock380.Communication port385 enables communication betweenslot machine300 and a server (e.g., network server200) and/or one or more other terminals (e.g., gaming machines; kiosks).Communication port385 may comprise, without limitation, a serial port, an infrared port, a telephone port, a cable modem, a network router, and/or a radio frequency transceiver.Data storage device350 operatively stores a probability table355 and a payout table360.
• Slot machine300 operates to provide one or more games of chance in a conventional manner. The player starts the machine by inserting a coin or using electronic credit, and initiating startingcontroller340. Under control of a program stored, for example, indata storage device350 orROM320,CPU305 directsrandom number generator335 to generate a random number.CPU305 looks up the generated random number in stored probability table355 and finds the corresponding outcome. Based on the identified outcome,CPU305 locates the appropriate payout in the stored payout table360.CPU305 also directsreel controller325 to spinreels326,327,328 and to stop them at a point when they display a combination of symbols corresponding to the selected payout. When the player wins, theslot machine300 stores the credit balance inRAM310, and displays the balance invideo display area315.
• Hopper controller365 is connected tohopper370 for dispensing coins. When the player requests to cash out by pushing a button (not shown) onslot machine300,CPU305checks RAM310 to see whether the player has any credits and, if so, signalshopper controller365 to release an appropriate number of coins into a coin tray (not shown).
• In alternative embodiments,slot machine300 does not includereel controller325, andreels326,327,328. Instead,video display area315 graphically displays simulated representations of objects contained in the selected game, such as graphical reels or playing cards. These representations are preferably animated or displayed to simulate playing of the selected game.
• Playercard tracking device330 includesdisplay331 andcard reader332. Players insert player tracking cards intocard reader332. Tracking cards can be plastic cards with magnetic strips electronically storing respective player ID numbers.Display331 displays information concerning the use of playercard tracking device330, and allows communications to be displayed to the player regarding insurance policy requirements.Display331 may be a touch screen display for receiving signals from the player concerning the selection of policy requirements.
• Alternatively,slot machine300 or playercard tracking device330 may include one or more separate input buttons (not shown) for the players to select policy requirements and provide other input such as a personal identification number (PIN). Credits earned during play are stored locally inRAM310 and an indication of credits earned may be displayed invideo display area315.Slot machine300 or playercard tracking device330 could also include one or more separate input devices for selecting the policy requirements.
• In other embodiments,slot machine300 recognizes the identity of players through player identification devices other than playercard tracking device330, thereby eliminating the need for players to carry player identification cards. For example,slot machine300 could include a keypad, at which players enter either their player identification numbers or their names along with a secured password.Slot machine300 could also include a device for measuring player biometrics (e.g., fingerprint, voice, or retinal detection) to identify players.
• Commercially available player card tracking devices include, for example, the MASTERCOM device available from BALLY MANUFACTURING. (See, for example, U.S. Pat. No. 5,429,361 to Raven et al.). Such player tracking devices include a magnetic card reader and a numeric keypad for entry of player information.
• Information fromclock380 may be used byCPU305, for example, in establishing terms of a gambling loss insurance policy (e.g., by determining a start time of a coverage period) and/or in determining the status of a gambling loss insurance policy (e.g., determining whether a gambling loss insurance policy has expired). In some embodiments,CPU305 may includeclock380.
• FIG. 4 illustrates anembodiment400 of kiosk108 (FIG. 1).Kiosk400 may include, without limitation, a terminal in a casino (e.g., on a casino floor; for use by a cashier or other casino personnel), a personal computer (e.g., operable to communicate withnetwork server200 via the Internet), a set-top box, a point-of-sale terminal, a vending machine, and/or an automatic teller machine. Other types of kiosks will be known to those of skill in the art.
• Kiosk400 may be implemented as a dedicated hardware circuit, an appropriately programmed general-purpose computer, or any other appropriate device including, without limitation, electronic, mechanical or electro-mechanical devices. Accordingly, the kiosk need not include the various exemplary components depicted inFIG. 4.
• Thekiosk400 of the illustrated embodiment comprises aprocessor401, such as one or more INTEL® PENTIUM® microprocessors. Theprocessor401 is in communication with adata storage device402. Thedata storage device402 may comprise, without limitation, magnetic memory, optical memory, semiconductor memory, flash memory or any combination thereof. Thedata storage device402 may include, for example, Random Access Memory (RAM), Read-Only Memory (ROM), a compact disc and/or a hard disk. Theprocessor401 and thedata storage device402 may each be, for example: (i) located entirely within a single computer or computing device; or (ii) connected to each other by a remote communication medium, including, without limitation, a serial port cable, a telephone line, a network connection or a radio frequency transceiver. In some embodiments, the kiosk may comprise one or more computers that are connected to a remote server computer for maintaining databases.
• Thedata storage device402 stores aprogram403 for controlling theprocessor401. Theprocessor401 performs instructions of theprogram403, and thereby operates in accordance with the present invention, and particularly in accordance with one or more of the methods described in detail herein. Theprogram403 may be stored in a compressed, uncompiled and/or encrypted format, as well as in a variety of other forms known in the art. Theprogram403 furthermore includes program elements that may be necessary, including, without limitation, an operating system, a database management system and “device drivers” for allowing theprocessor401 to interface with one or more peripheral devices. Appropriate program elements are well known to those skilled in the art, and need not be described in detail herein.
• According to some embodiments,kiosk400 is not operable (at least at some time) to provide a game of chance. For example, a terminal on a casino floor (e.g., an insurance kiosk) in communication with a casino server may be operable to establish a gambling loss insurance policy, purchase a gambling loss insurance policy, administer a gambling loss insurance policy, and/or provide a payout to a user in accordance with a gambling loss insurance policy, but does not offer any games of chance. According to some alternative embodiments,program403 ofkiosk400 may include instructions executable byprocessor401 to provide a player with a game of chance, orkiosk400 may otherwise be configured to provide a game of chance at least at some time or times. For example,kiosk400 may be a personal computer configured (e.g., storing an Internet browser application and any appropriate plug-in software, executable by processor401) to facilitate play of an on-line game of blackjack via communication over the Internet with a casino game server. At other times, the user may not be able to participate in a game of chance using the personal computer (e.g., if access to the casino game server is not available), but the personal computer may still be able to facilitate other various processes described herein (e.g., by communicating with another server to establish a gambling loss insurance policy). Those of skill in the art will thus understand that a terminal in accordance with one or more embodiments of the present invention may be operable to provide a game of chance at all times, at some times, or never.
• According to an embodiment of the present invention, the instructions of theprogram403 may be read into a main memory from another computer-readable medium, such as into RAM from a hard drive or ROM. Execution of sequences of the instructions inprogram403 causesprocessor401 to perform various process steps described herein. In alternative embodiments, hard-wired circuitry may be used in place of, or in combination with, software instructions for implementation of the processes of the present invention, as would be understood by those of skill in the art. Thus, embodiments of the present invention are not limited to hardware, software or any specific combination of hardware and software.
• Theprocessor401 may also be in communication with acash dispenser404, which dispenses coins and/or bills to people (e.g., a player; a gambling loss insurance policyholder; a cashier) that have requested to have funds be dispensed. In another example, thecash dispenser404 may dispense bills and/or tokens without a request by a user to have funds be dispensed (e.g., may dispense automatically in response to a signal from the processor401). Thecash dispenser404 may alternatively be a cash drawer that may be automatically opened upon command from theprocessor401.
• Theprocessor401 may also be in communication with a playertracking card device406, which performs functions related to player tracking cards, such as reading player tracking cards and communicating information read from such cards to theprocessor401.
• Theprocessor401 may also be in communication with one ormore input devices408 that receive input from a cashier, customer or an operator of the kiosk. Input device(s)408 may comprise one or more of a variety of devices, including, without limitation, one or more buttons, touch screens, handles, keypads, biometric devices (e.g., retinal scanners; fingerprint scanners), pointer devices (e.g., a mouse, or trackball), microphones or any combination of the above. Input device(s)408 may be used for receiving information that may be used to identify a user (e.g., by receiving a code at a keypad; by receiving an indication of a fingerprint).
• Theprocessor401 may also be in communication with aprinter410, which may be commanded to print onto a substrate, such as paper or other material. Printing may be via ink jet, laser printing or other methodology for registering indicia on a substrate. Alternatively, the substrate may be registered with indicia by deforming the substrate in a variety of ways known in the art, including, without limitation, punching holes in the substrate and raising or lowering portions of the substrate relative to other portions. Theprinter410 may be used for printing, e.g., receipts, coupons, cashless gaming receipts and/or tickets.
• Theprocessor401 may also be in communication with aticket reader412, which is capable of reading, for example, receipts, coupons, cashless gaming receipts and/or tickets, and particularly indicia registered on any such substrates. Theticket reader412 may use optical sensing of printed indicia, for example, and optical character recognition to read indicia from a ticket inserted in theticket reader412.
• Theprocessor401 may also be in communication with acredit card reader414. Such devices are known in the art, and generally allow a card such as a credit card or debit card to be inserted there within. The card may include a magnetic stripe or other form of data storage, which thecredit card reader414 is capable of sensing and interpreting. Typically, the credit card reader allows a credit card transaction to be processed by communication with a credit card clearinghouse in a manner known in the art.
• Theprocessor401 may also be in communication with adisplay device416, which displays images in a manner known in the art. Typical display devices include, without limitation, liquid crystal displays, plasma displays and video display monitors.
• Theprocessor401 may also be in communication with aclock418. Information fromclock418 may be used byprocessor401, for example, in establishing terms of a gambling loss insurance policy (e.g., by determining a start time of a coverage period) and/or in determining the status of a gambling loss insurance policy (e.g., determining whether a gambling loss insurance policy has expired). In some embodiments,processor401 may includeclock418.
• According to some embodiments, in addition to (or in lieu of) one or more of the various devices described above for providing output (e.g.,printer410; display device416), theprocessor401 may be in communication with one ormore output devices420 that provides output to a cashier, a player or a user of the kiosk. Output device(s)420 may comprise one or more of a variety of devices, including, without limitation, a wireless signal transmitter, an infrared transmitter, a radio transmitter, an infrared port (e.g., for communicating with a second kiosk or with a portable device of a player), an audio speaker (e.g., for outputting policy and/or payout information, in addition to or in lieu of such information being output via a display device416) or any combination thereof.
• Databases
• Referring now toFIG. 5, an exemplarytabular representation500 illustrates an exemplary embodiment of the player database245 (FIG. 2) that may be stored, for example, innetwork server200. Thetabular representation500 of theplayer database245 includes a number of example records or entries, each defining a player who may be, for example, a member of a slot club of a casino, or otherwise registered with or known to a casino or other entity. Those skilled in the art will understand that theplayer database245 may include any number of entries.
• Thetabular representation500 also defines fields for each of the entries or records. The fields specify: (i) aplayer identifier510 that uniquely identifies a player, (ii) aname520 of the player, (iii) anaddress530 associated with the player, (iv) acredit card number540 corresponding to a credit card account associated with the player, (v) a lifetime win/(loss)550 of the player, (vii) an average wager perplay560 associated with the player, and (viii) anaverage session length570 associated with the player.
• The information in theplayer database245 may be created and/or updated, for example, based on information received from a player, a casino employee, a terminal, agaming machine104, aninput device408, and/or any combination thereof. For example, the information may be created when a player registers with a casino and receives a player tracking card (e.g., encoded with a player identifier). The information may be subsequently updated, for example, when a player requests to update the information (e.g., when a player indicates a desire to change an associated credit card number540) or when additional information is obtained about the player via the casino's interactions with the player (e.g., the lifetime win/(loss)550 may be updated on an ongoing or periodic basis as the player plays games at the casino).
• It should be understood that although theplayer identifier510 and information related to each registered player are described in detail, a player need not be registered in order to be provided with a gambling loss insurance policy or to benefit from other embodiments of the present invention. Accordingly, registration of a player and storing of information related to a player (e.g., in a player database) is not necessary for practice of some embodiments of the present invention.
• Theplayer identifier510 may be, for example, a numeric, alphanumeric, or other type of code associated with a player who may operate a gaming machine or kiosk, or may play a table game at a casino. Theplayer identifier510 is preferably unique, and may be generated or selected, for example, by theslot machine300 or by the player (e.g., when a player first registers with a casino). For each player, theplayer database245 may also store the player's name520 (e.g., for use in outputting messages to the player). In one or more embodiments the player's name may comprise a nickname, “handle”, or other designation for the player that is selected by the player or a casino. In one or more embodiments, the nickname may comprise a designation that reflects the player's status (e.g., “premium player”; “low risk player”). Such a status may indicate, for example, the typical spending range of the player, the typical session length of the player, or other indication about the player. Such a designation may or may not be known to the player.
• For each player, theplayer database245 may also store anaddress530 associated with the player (e.g., for use in communicating with the player). In one or more embodiments the player's address may comprise a street or postal address of the player. In one or more embodiments, the address may comprise an address for telecommunications (e.g., a telephone number; a pager number; an e-mail address). Althoughtabular representation500 illustrates a single street address for each exemplary player, those of ordinary skill in the art will understand that more than one address and/or type of address may be associated with a player.
• Thecredit card number540 corresponds to a credit card account and may be used, for example, to credit a payment to the player (e.g., if the player wins a gambling payout; if the player receives a benefit in accordance with a gambling loss insurance policy) and/or to debit an amount (e.g., a wager amount; a premium amount). Althoughtabular representation500 depicts a credit card number in theplayer database245, those of skill in the art will recognize that various other types of financial account identifiers associated with the player may be used in addition to or in lieu of a credit card number (e.g., a debit card account number; a checking account number; a casino financial account number; digital payment protocol information).
• The lifetime win/(loss)550 stores an indication of the actual dollar amount that the corresponding player has won or lost while gambling, based on the playing activity of the player since the playing activity of the player has been tracked. A loss is indicated in parentheses in thetabular representation500. In some embodiments, the historical lifetime win/(loss)550 may be a true “lifetime” lifetime win/(loss) (e.g., may reflect the lifetime win/(loss) since the first time the player was tracked). Alternatively, or in addition, a historical lifetime win/(loss) based on other periods of time may be stored. For example, an annual or session lifetime win/(loss) may be stored.
• The average wager perplay560 stores an indication of the actual dollar amount that the corresponding player wagers on average on each play of a game. In some embodiments, the average wager perplay560 may be a lifetime average across all plays tracked for the player. In other embodiments, an average wager per play based on other periods of time may be stored in addition to or instead of a lifetime average wager per play. For example, an average wager per play during the past twelve months or average wager per play during a particular session may be stored. In still other embodiments, information about an average amount wagered per session may be stored in addition to or in lieu of an average wager per play. In some embodiments, average wager information may reflect play of one or more types of games (e.g., $1.50 per play across all combined blackjack and video poker play) and/or respective averages for a plurality of different games may be stored (e.g., $10.00 for blackjack; $2.00 for video poker).
• Theaverage session length570 stores an indication of a period of time that the corresponding player spends gambling on average. In some embodiments, theaverage session length570 may be a lifetime average across all sessions tracked for the player. In other embodiments, an average session length based on sessions tracked during other periods of time may be stored in addition to or instead of a lifetime average session length. For example, an average session length during the past six months of sessions or average session length during a particular casino visit may be stored.
• Not all of the fields depicted inFIG. 5 are required, and various substitutions, deletions and other changes to the tabular representation will be readily apparent to those of ordinary skill in the art. For example, the average wager per play is not needed in many embodiments. The depicted fields, for example the address information, are for illustration only. Various other forms of address information are described herein and still others will be readily apparent to those of skill in the art.
• Referring now toFIG. 6, an exemplarytabular representation600 illustrates an exemplary embodiment of insurance term database250 (FIG. 2) that may be stored, for example, innetwork server200. Thetabular representation600 of theinsurance term database250 includes a number of example records or entries, each defining an insurance term that may be used in establishing a gambling loss insurance policy. For example, one or more insurance terms may be selected by a player, a casino employee, a terminal, and/or a server in creating and/or offering an insurance policy. Those skilled in the art will understand that theinsurance term database250 may include any number of entries.
• Thetabular representation600 also defines fields for each of the entries or records. The fields specify: (i) aninsurance term identifier610 that uniquely identifies an insurance term, (ii) aninsurance term description620 of the insurance term that represents one or more requirements of the insurance term, and (iii) apremium cost630 associated with the insurance term.
• The information in theinsurance term database250 may be created and/or updated, for example, based on information received from a player, a casino employee, agaming machine104, aslot machine300, akiosk400, and/or aninput device408. For example, an insurance term (or one or more requirements of the insurance term) may be established by a casino. In another example, a player may define an insurance term (or one or more requirements of the insurance term). As described variously herein, a player may input information about a desired insurance term at a gaming machine (e.g., when prompted for a coverage period, a player may request insurance coverage for the first thirty minutes of game play by inputting “30” at a keypad of a slot machine300).
• According to one or more embodiments of the present invention, some characteristics or requirements of an insurance term may be selected by a player, and other aspects may be selected by a server, a casino employee, and/or a terminal. For example, insurance term “TERM-001” intabular representation600 may initially have corresponded to an offer for refunding 100% of net losses (up to $100) on any $1.00 slot machine.Slot machine300 then prompted the player to select a desired period of coverage for “TERM-001” from a drop-down menu of suggested policy coverage periods. In response, the player selected “30 MINS.” by touching a touch screen ofslot machine300. Accordingly, the insurance term description of “TERM-001” was updated to reflect that “TERM-001” applies to the first thirty minutes of game play.
• Alternatively, a new term may be established that is based at least in part on an existing term. For example, rather than modifying the entry for “TERM-001” as in the preceding example, once the player selected “30 MINS.” a new term entry (e.g., identified as “TERM-001-30M”) (not shown) that indicated the new term had all of the requirements of “TERM-001” and was also limited to the first thirty minutes of game play could have been created in insurance terms database650. Other ways for creating, updating and/or storing an indication of an insurance term will be readily apparent to those of ordinary skill in the art.
• Theinsurance term identifier610 may be, for example, a numeric, alphanumeric, or other type of code associated with an insurance term. Theinsurance term identifier610 is preferably unique, and may be generated or selected, for example, by a server or terminal. For each insurance term, theinsurance term database250 may also store aninsurance term description620. Theinsurance term description620 preferably indicates one or more conditions or requirements represented by the insurance term, such as, without limitation: (i) a covered loss limit (e.g., “net losses (up to $100)”), (ii) a payout limit (or other benefit limit) (e.g., “50% of net losses”; “two free show tickets”), (iii) a period of coverage (e.g., “the first 30 minutes of game play), (iv) a covered wager amount (e.g., “$1”), (v) a type of game (e.g., “Blackjack”), (vi) a type of gaming machine (e.g., “slot machine”), (vii) a number of plays covered (e.g., “the first 250 hands of game play”), and (viii) a method for providing an insurance payout (e.g., “the casino will mail a check to the address on file”).
• Theinsurance term description620 may be used, for example, in communicating information about the insurance term to the player, in determining an insurance payout, and/or in determining whether an insurance term and/or policy period has expired. According to some embodiments, one or more insurance term descriptions may be communicated to a user (e.g., displayed in a menu format at a display device) so that the user can select one or more of the offered insurance terms to assemble a desired insurance policy.
• For each insurance term, theinsurance term database250 may also store apremium cost630 associated with the corresponding insurance term (e.g., for use in determining a total premium for a gambling loss insurance policy). In one or more embodiments thepremium cost630 may comprise an indication of the monetary amount of the premium associated with that insurance term. In other embodiments, thepremium cost630 may comprise a number of game credits (e.g., coins) associated with the insurance term. As indicated intabular representation600, some insurance terms (e.g., those indicating a preferred method of payment or a preferred means of communicating with the policyholder) may not have an associated premium cost (e.g., the entry for “TERM-201” indicates a premium cost is not applicable (“N/A”)).
• Not all of the fields depicted inFIG. 6 are required, and various substitutions, deletions and other changes to the tabular representation will be readily apparent to those of ordinary skill in the art. For example, the premium cost is not needed in many embodiments, or may be included as part of the insurance term description. The depicted fields, for example, the insurance term descriptions, are for illustration only. Various other forms of insurance terms are described herein and still others will be readily apparent to those of skill in the art.
• Referring now toFIG. 7, an exemplarytabular representation700 illustrates an exemplary embodiment of insurance policy database255 (FIG. 2) that may be stored, for example, innetwork server200. Thetabular representation700 of the insurance policy database includes a number of example records or entries, each defining an insurance policy that is associated with a player. For example, each insurance policy may comprise one or more insurance terms defined ininsurance term database250. Those skilled in the art will understand that the insurance policy database may include any number of entries.
• Thetabular representation700 also defines fields for each of the entries or records. The fields specify: (i) aninsurance policy identifier710 that uniquely identifies an insurance policy, (ii) aplayer identifier720 that identifies a player (or players) associated with the insurance policy (e.g., a policyholder; a policy beneficiary), (iii)term identifiers730,740,750 that each identifies (if applicable) a respective insurance term associated with the insurance policy, (iv) atotal premium760 associated with the insurance policy, and (v) a total amount ofcoverage770 provided in accordance with the associated terms of the insurance policy.
• The information in theinsurance policy database255 may be created and/or updated, for example, based on information received from a player, a casino employee, agaming machine104, aslot machine300, akiosk400, and/or aninput device408. For example, an insurance policy record may be created by a casino server after a user at a kiosk agrees to purchase an insurance policy. In another example, information associated with an insurance policy may be updated by a server storing the insurance policy database if a user decides to change, add, or delete one or more terms of the policy (e.g., using a kiosk).
• Theinsurance policy identifier710 may be, for example, a numeric, alphanumeric, or other type of code associated with an insurance policy. Theinsurance policy identifier710 is preferably unique, and may be generated or selected, for example, by a server or terminal. For each insurance policy, theinsurance policy database255 preferably stores one ormore player identifiers720 that identify a player (or players) associated with the corresponding insurance policy. According to some embodiments of the present invention,player identifier720 identifies one or more players or users whose gambling activity is covered by the gambling loss insurance policy, who paid for the insurance policy, and/or who is a beneficiary of the gambling loss insurance policy. In this way, a player (or other user) who is entitled to an insurance payment under the insurance policy defined by the insurance policy record may be identified.
• For each insurance policy, theinsurance policy database255 may also store an indication of one ormore term identifiers730,740,750. Eachterm identifier730,740,750 identifies an insurance term of the corresponding insurance policy. For example, theterm identifiers730,740,750 may include a description of an insurance term or may comprise term identifiers corresponding to entries in a database (e.g., insurance terms database255). Although only three term identifiers are illustrated intabular representation700, it will be readily apparent to those having ordinary skill in the art that an insurance policy may have any number of terms. Accordingly, any number of term identifiers may be provided ininsurance policy database255.
• In one example depicted intabular representation700,term identifier1730 of insurance policy “POL-1234” indicates “TERM-001,” which refers to the insurance term “TERM-001” oftabular representation600 of insurance term database250 (FIG. 6). Insurance policy “POL-1234” also includes “TERM-202”, as indicated byterm identifier2740. According to the exemplary data depicted in tabular representation500 (FIG. 5), tabular representation600 (FIG. 6) andtabular representation700, insurance policy “POL-1234” thus provides insurance coverage for player “PL-246” (“Joe Smith”) according to two terms: (i) a refund of 100% of net losses (up to $100) for the first thirty minutes of game play on any $1.00 slot machine, and (ii) as insurance payment, currency or a voucher will be provided to the policyholder at his machine via the machine or by a member of the casino staff.
• Theinsurance policy database255 may also store an indication of thetotal premium cost760 associated with the insurance policy. According to one or more embodiments, thetotal premium cost760 comprises an indication of the total monetary amount of all of the individual premium costs associated with the insurance terms that make up the insurance policy. According to the example data referred to above, insurance policy “POL-1234” has a total premium cost of $79.00 based on “TERM-001” ($79.00) and “TERM-202” (“N/A”), as indicated by tabular representation600 (FIG. 6). In other embodiments, the total premium cost may comprise a total cost of the insurance policy in terms of a number of game credits (e.g., coins).
• Theinsurance policy database255 may also store an indication of the total amount ofcoverage770 provided by the corresponding insurance policy. The total amount ofcoverage770 thus indicates a total amount of exposure for the insuring entity for a particular insurance policy (e.g., the maximum total amount of insurance payment to which a policyholder may be entitled). According to one or more embodiments, the total amount ofcoverage770 comprises an indication of the total monetary loss amount that may be covered in accordance with all of the terms of the insurance policy.
• For example, according to the exemplary data of tabular representation600 (FIG. 6) andtabular representation700, insurance policy “POL-1234” has a total amount ofcoverage770 of “$100.00 MAX” based on “TERM-001” (“100% of net losses (up to $100)”) and “TERM-202” (no coverage provided). In other embodiments, the total amount of coverage may comprise a total number of game credits (e.g., coins) covered by the insurance policy.
• Not all of the fields depicted inFIG. 7 are required, and various substitutions, deletions and other changes to the tabular representation will be readily apparent to those of ordinary skill in the art. For example, the total premium cost is not needed in many embodiments. Some embodiments may provide for an indication of an amount of the total premium paid and/or yet owed by the policyholder. The depicted fields, for example, the term identifiers, are for illustration only. Various other forms of insurance terms are described herein and still others will be readily apparent to those of skill in the art. In one or more embodiments, theinsurance policy database255 may include an indication of the insurance term descriptions in addition to or in lieu of insurance term identifiers. For example, the term identifiers may comprise a description of the insurance term.
• Referring now toFIG. 8, an exemplarytabular representation800 illustrates an exemplary embodiment of gambling session database260 (FIG. 2) that may be stored, for example, innetwork server200. Thetabular representation800 of the gambling session database includes a number of example records or entries, each defining a gambling session that is associated with a player. Those skilled in the art will understand that the gambling session database may include any number of entries.
• Thetabular representation800 also defines fields for each of the entries or records. The fields specify: (i) aplayer identifier810 that identifies a player associated with a gambling session, (ii) agambling session identifier820 that uniquely identifies a gambling session, (iii) an amount wagered830 associated with the gambling session, (iv) an amount paid out840 associated with the gambling session, (v) a player net win/(loss)850 associated with the gambling session, (vi) a session start time/date860 that includes an indication of a time that the gambling session started, and (vii) a session end time/date870 that includes an indication of a time that the gambling session ended (if applicable).
• The information in thegambling session database260 may be created and/or updated, for example, based on information received from a player, a casino employee, agaming machine104, aslot machine300, akiosk400, and/or aninput device408. For example, a gambling session record may be created by a casino server after receiving an indication that a player has started gambling at a slot machine (e.g., in which the player is identified by a player tracking card inserted at the slot machine), or a gambling session record may be modified by a gaming machine based on a player's gambling activity at the gaming machine.
• For each gambling session, thegambling session database260 preferably stores aplayer identifier810 that identifies a player associated with the corresponding gambling session. In this way, information about the player's gambling activity (e.g., an amount lost by the player) may be stored and accessed as necessary, for example, for use in determining whether or not a given gambling session meets any of the terms of an insurance policy associated with the player. Based on information about the gambling session, therefore, a determination may be made as to whether the player is entitled to an insurance payment in accordance with the insurance policy.
• Thegambling session identifier820 may be, for example, a numeric, alphanumeric, or other type of code associated with a gambling session. Thegambling session identifier810 is preferably unique, and may be generated or selected, for example, by a server or terminal. According to some embodiments, thesession identifier820 may comprise an indication of the type of gambling activity (e.g., a type of game; a type of machine played) encompassed by the gambling session. For example, as depicted intabular representation800, session “SES-SM-7108” may refer to gambling activity by player “PL-902” at a slot machine, while session “SES-BJ-4678” may refer to gambling by the same player “PL-902” at Blackjack (e.g., at video blackjack machine; at a Blackjack table).
• For each gambling session, thegambling session database260 may store an indication of an amount wagered830 during the gambling session, an amount paid out840 during the gambling session, and a player net win/(loss)850. A loss is indicated in parentheses in thetabular representation800.
• According to some embodiments, amount wagered830 may comprise the total amount wagered during the course of a gambling session and/or an average amount wagered during the gambling session (e.g., per handle pull). Where the amount wagered830 represents an average amount wagered per play, thegambling session database260 may further comprise a field having information for defining the total number of plays occurring during the gambling session (e.g., the total number of handle pulls). Thus, the total amount wagered within a given session may be determined as necessary: (Average wager per play)×(Total number of plays)=Total amount wagered.
• Amount paid out840 indicates a total amount of money (or credit) paid or designated to the player (e.g., gross winnings) for the gambling session. According to some embodiments, the player net win/(loss)850 may be determined based on the amount paid out840 and the amount wagered830. In one example, according to exemplary data intabular representation800, player “PL-246” has wagered a total of $241.00 during gambling session “SES-6823” and $182.00 has been paid out, making a net loss of ($59.00) for the gambling session.
• One or more terms associated with an insurance policy may be based on an amount wagered, an average amount wagered per play, an average loss per play, an average loss per a predetermined period of time, an amount paid out and/or a net loss (or net win). Accordingly, the amount wagered830, amount paid out840 and/or player net win/(loss)850 may be used in determining whether or not activity of a gambling session is covered by an insurance policy, whether or not an insurance payment should be provided to a policyholder and/or the appropriate amount of any such insurance payment.
• Thegambling session database260 may also store an indication of a session start time/date860 and a session end time/date870. In one example, according to exemplary data intabular representation800, gambling session “SES-6823” began at 14:33 on Jul. 3, 2004 and ended at 15:03 on Jul. 3, 2004. Those of ordinary skill in the art will understand that the starting and/or ending time of a gambling session may represented by an indication of a time, a date, or a combination thereof.
• As described above, one or more terms associated with an insurance policy may be based on a period of time. For example, a coverage period may be defined by an insurance term (e.g., some portion of net losses during the first thirty minutes of game play are covered). Accordingly, the session start time/date860 and the session end time/date870 may be useful in determining whether or not a gambling session is covered by an insurance policy, whether or not an insurance payment should be provided to a policyholder and/or the appropriate amount of any such insurance payment.
• A gambling session of a player generally represents some (or all) gambling activity of the player. None, some, or all of the gambling activity represented by an entry ingambling session database260 may be covered by a gambling loss insurance policy and/or may result in an insurance payout being provided to a player. A gambling session may be defined in various ways, including, without limitation: (i) a number of plays of one or more types of games (e.g., a number of handle pulls of a slot machine; a number of hands dealt in a card game; a number of plays since a player inserted a player tracking card or otherwise identified himself; a number of plays since a player established an insurance policy), (ii) a period of time (e.g., a calendar day; a two-hour period; a weekend; a calendar year; a hotel visit; a period of time since a player inserted a player tracking card or otherwise identified himself; a period of time since a player established an insurance policy), (iii) an amount wagered (e.g., a total coin-in), and (iv) any combination of thereof.
• Also, a gambling session may refer to gambling activity that is: (i) not continuous (e.g., may encompass two separate visits to a casino that are months apart), (ii) is interrupted by any amount of time (e.g., encompasses gambling by a player before and after a dinner break), (iii) comprises one or more types of games (e.g., includes play of video poker and slot machines), (iv) comprises activity at one or more gaming machines, (v) comprises some but not all gambling activity during a given period of time (e.g., comprises gambling during a first day and a third day of a casino visit, but not activity on the second day; comprises every other handle pull at a slot machine), and/or (vi) any combination thereof. Other definitions of gambling sessions or means for describing gambling activity may be described herein, and others will be readily apparent to those of skill in the art.
• In one example of how a gambling session may be defined, a player inserts a player tracking card at a slot machine. This identification indicates the beginning of a gaming session, and a corresponding record is created ingambling session database260 with a session start time/date860 as of the time the player tracking card was received. Alternatively, the start of the gaming session may be indicated by the first wager and/or the first handle pull. Over the course of the next sixty minutes, the player wagers $1.00 each on one hundred reel spins (e.g., one hundred handle pulls), for a total wager amount of $100. The player then removes his player tracking card, ending the gaming session. The game session entry is updated with a session end time/date870 as of the time the player tracking card was removed.
• In the above example, the player's gambling session may be defined (at any given time) by the amount wagered since inserting the tracking card, by the amount the slot machine has paid out to the player, by the player's net win/(loss), by the number of handle pulls, and/or by the elapsed time since inserting the tracking card (e.g., as indicated by session start time/date860 and session end time/date870). Alternatively, the player's gambling activity could be defined as two or more gambling sessions, for example, based on each thirty minutes of play, or based on each set of twenty-five handle pulls.
• In another example, the player gambles as described above, but the removal of the player tracking card does not necessarily define an end of the player's gambling session (e.g., the session end time/date870 is still to be determined (“TBD”)). For instance, the day after removing his player tracking card from the slot machine, the player inserts his player tracking card at a video poker machine. Over the course of the next thirty minutes, the player wagers $2.00 each on twenty initial deals (e.g., twenty starting poker hands), for a total wager amount of $40. The player then removes his player tracking card. After breaking for lunch, the player inserts his player tracking card at a video blackjack machine. In this second example, one or more gambling sessions may be defined by some or all of the activity at the slot machine, the video poker machine and/or the video blackjack machine during the two days described.
• According to some embodiments of the present invention, for policies having insurance coverage during a determined period of play, the player may be required (e.g., per an insurance term of an insurance policy) to make at least a minimum total wager amount and/or at least a minimum number of plays, in order to deter the player from playing slowly during the insured period. Alternatively or in addition, a player may be required not to exceed a maximum total wager amount, a maximum number of plays and/or a maximum rate of play so that the player does not play recklessly during the period of coverage.
• Not all of the fields depicted inFIG. 8 are required, and various substitutions, deletions and other changes to the tabular representation will be readily apparent to those of ordinary skill in the art. For example, the amount paid out is not needed in many embodiments. The depicted fields, for example, the amount wagered, are for illustration only. Various other forms of session identifiers will be readily apparent to those of skill in the art. Some embodiments of the present invention may provide for an indication of a total number of plays (e.g., handle pulls) of the gambling session, which may be used in administering an insurance policy (e.g., in which the policy covers only a given number of handle pulls).
• Referring now toFIG. 9, an exemplarytabular representation900 illustrates an exemplary embodiment of insurance policy status database265 (FIG. 2) that may be stored, for example, innetwork server200. Thetabular representation900 of the insurance policy status database includes a number of example records or entries, each defining status information of an insurance policy that is associated with a player. Those skilled in the art will understand that the insurance policy status database may include any number of entries.
• Thetabular representation900 also defines fields for each of the entries or records. The fields specify: (i) aninsurance policy identifier910 that identifies an insurance policy, (ii) apolicy status920 that indicates a status of the insurance policy, (iii) player qualified for insurance payout?930 that includes an indication of whether a player is qualified for an insurance payout under the corresponding insurance policy, (iv) insurance payout amounts940,950 that include an indication of an amount paid out in accordance with the insurance policy, (v) aninsurance payout method960 that includes an indication of how an insurance payout is to be or has been provided, and (vi) an insurance payout time/date970 of the insurance payout, if any.
• The information in the insurance policy status database265 may be created and/or updated, for example, based on information received from a player, a casino employee, agaming machine104, aslot machine300, akiosk400, and/or aninput device408. For example, an insurance policy status record may be created by a casino server after an insurance policy is established for a player. In another example, status information associated with an insurance policy may be updated by a server, based on game information received from a gaming machine and/or stored in a database, such as in a gambling session database. For instance, a player at a slot machine experiences a gambling loss that is covered by an insurance policy. The slot machine transmits information about the player's gambling activity to the server and the server stores the game information in a gambling session database. Based on the information in the gambling session database, the server then updates an insurance policy status database to indicate the player is qualified for an insurance payout and/or the insurance payout amount.
• Theinsurance policy identifier910 may be, for example, a numeric, alphanumeric, or other type of code associated with an insurance policy. Theinsurance policy identifier910 may be generated or selected, for example, by a server or terminal, and may correspond to an entry ininsurance policy database255. For each insurance policy status entry, the insurance policy status database265 preferably stores apolicy status920 that indicates the present status of the insurance policy. For example, thepolicy status920 may comprise an indication of whether the insurance policy is active, open, paid, paid-in-part, paid-in-full, inactive, cancelled, closed, expired, or any combination thereof.
• In some exemplary embodiments, an exemplary insurance policy status of “open” may indicate that no gambling session associated with the insurance policy has yet occurred, or may indicate that an associated gambling session is underway. An exemplary status of “closed” may indicate that the corresponding insurance policy may be associated with one or more completed gambling sessions that did not qualify the player for an insurance payout. An exemplary status of “paid” may be used to indicate that the corresponding insurance policy is associated with a player who was eligible for an insurance payout, and the insurance payout has been determined and/or provided to the player. Other types of statuses will be readily apparent to those of ordinary skill in the art.
• For each record, the insurance policy status database265 may also store an indication of whether the player is qualified for an insurance payout930 (e.g., based on the terms of the corresponding insurance policy and/or a gambling session of the player). According to some embodiments, this determination may be made by comparing information in thegambling session database260 to information in theinsurance policy database255 and/orinsurance term database250. For example, an insurance term of the corresponding insurance policy may indicate that the player is entitled to an insurance payout if his net winnings are below a certain threshold (e.g., the player's net winnings are less than $100).
• The insurance policy status database265 may also store an indication of any insurance payout amounts940,950 that have been or are to be provided to a policyholder (or other beneficiary) in accordance with a gambling loss insurance policy. The amount indicated may be determined based on one or more of the corresponding insurance policy terms and/or information about a gambling session covered by the insurance policy, such as the information stored ingambling session database260. For example, a player's net losses for a gambling session may be determined based on the player net win/(loss)850 ofgambling session database260, and theinsurance payout amount940 may indicate an amount that is a percentage of the player net win/(loss)850 in accordance with one or more terms of the insurance policy (e.g., 50% of net losses are covered).
• Referring to exemplarytabular representation900, exemplary policy “POL-1224” is depicted as having a status of “PAID” andinsurance payout amount1940 indicates that the player has or will receive an insurance payout amount of $38.27 based on his gambling activity. Insurancepayout amount N950 indicates that a second payout amount is to be determined (“TBD”). This information may indicate, for example, that the policy “POL-1224” has not yet expired. Accordingly, further gambling activity by the corresponding player may be covered, and the player may receive another insurance payout. For example, one term of the policy “POL-1224” may cover a number of plays of video poker, but the player has not yet played video poker.
• The insurance policy status database265 may also store an indication of aninsurance payout method960, which indicates the manner in which an insurance payout (if any) is to be or has been conveyed to a qualified player. According to some embodiments,insurance payout method960 may be based on one or more terms of the insurance policy (e.g., “TERM-201” of exemplarytabular representation600 ofinsurance terms database250 indicates that an insurance payment will be posted to a major credit card). The insurance policy status database265 may also store an indication of an insurance payout time/date970 that an insurance payout (if any) was provided to a player (or other beneficiary of the insurance policy). In some embodiments, more than one time may be stored, for example, if multiple insurance payouts have been provided.
• Not all of the fields depicted inFIG. 9 are required, and various substitutions, deletions and other changes to the tabular representation will be readily apparent to those of ordinary skill in the art. For example, the insurance payout time/date970 is not needed in many embodiments. The depicted fields, for example, the insurance payout amounts, are for illustration only. Various other forms of insurance policy status information are described herein and still others will be readily apparent to those of skill in the art. In one or more embodiments, some or all of the information described herein with respect to the insurance policy status database265 may be included in a database storing other information related to an insurance policy (e.g., insurance policy database255). In one or more embodiments, the insurance policy status database may include more than one record corresponding to a given gambling loss insurance policy (e.g., a respective record for each insurance payout that has been provided in accordance with the policy). In some alternative embodiments, each of insurance payout amounts940,950 may be indicated by a field comprising an indication of the total monetary amount of all of the insurance payouts provided in accordance with the gambling loss insurance policy.
• Processes
• Referring toFIGS. 10A-10B, aflow chart1000 represents one or more embodiments of the present invention that may be performed by a casino employee, a server and/or a terminal, including, without limitation, a gaming machine or kiosk. Theprocess1000 is a method for offering a gambling loss insurance policy to a player. The particular arrangement of elements in the flow chart ofFIGS. 10A-10B, as well as the other flow charts discussed herein, is not meant to imply a fixed order to the steps; the steps can be practiced in any order that is practicable for various embodiments of the present invention. For illustrative purposes only, theprocess1000 is described as being performed by a terminal operated by a casino employee (e.g., at a slot club registration location). The employee terminal is in communication with a server acting as a casino server (e.g., via a LAN). Of course, theprocess1000 may be modified as practicable for any type of terminal (e.g., personal computer; gaming machine; video poker machine) and/or server.
• A terminal in communication with a server (e.g., a casino server) receives information that identifies a player (step1005). For example, a player wishing to join the casino's slot club approaches the slot club host and requests to be registered with the slot club. The slot club host takes the player's name and address and enters the information into the terminal using a keyboard.
• In an alternative embodiment, a player or other user approaches a kiosk on a casino floor and inputs his player tracking card at a card reader device of the kiosk. The kiosk reads the user's player identifier (e.g., “PL-246”) from the player tracking card. In another alternative embodiment, a user visits a Web page form hosted by the server using a personal computer in communication with the server via the Internet and inputs his user identifier (e.g., user tracking card number), name and/or address using a keyboard of the personal computer.
• The terminal transmits the user identifier information to the server (step1010). For example, the terminal transmits the information in response to the operator using a pointer device to click on a “Submit” button represented on a Web page form.
• The terminal receives a signal that indicates a desire by the player to purchase a gambling loss insurance policy (step1015). According to one or more embodiments, the slot club host (or player) provides input to the terminal that indicates a desire by the player to accept an offer for insurance and/or to receive additional information about a gambling loss insurance policy or purchasing such a policy. For example, the slot club host may indicate to the player that gambling loss insurance is available, and asks if the player would like to purchase insurance or would like to learn more about the insurance program. If the player says “Yes”, the slot club host may signal the player's desire to purchase a gambling loss insurance policy by, for example, clicking a checkbox on the player's slot club registration form, or touching a location of the terminal's display device (e.g., a selectable “button”) that indicates the player would like to purchase gambling loss insurance.
• In another example, the server may transmit one or more offers for a gambling loss insurance policy to the terminal for display to the slot club host and/or player. For instance, in a manner well-known in the art, a “pop-up” advertisement may be displayed at the slot club terminal in a window of a browser application. The slot club host may then describe the offer and/or show the advertisement to the player. The advertisement may include a hyperlink that the slot club host may click (e.g., using a pointer device) to indicate a request by the player to purchase a gambling loss insurance policy. In some alternative embodiments, a player is playing Blackjack at a video blackjack machine, and a representation of a “Purchase Insurance” button (or hyperlink) is displayed to the player during play of the game. The player may click on the button to indicate a desire to purchase a gambling loss insurance policy.
• The terminal receives a signal from the server that includes descriptions of one or more available insurance terms (step1020). According to some embodiments, the terminal receives the information from the server after (or in response to) transmitting the signal indicating the player's desire or request to purchase a gambling loss insurance policy, as described above (step1015). According to one or more embodiments, the server may transmit information about one or more insurance terms stored in exemplary insurance terms database250 (e.g., “TERM-001” depicted in exemplarytabular representation600 may be represented by a signal comprising that indicates “Refund 100% of net losses (up to $100) for the first 30 minutes of game play on any $1.00 slot machine”). In some alternative embodiments, the terminal may also receive an indication of the respective cost of one or more of the insurance terms. For example, “TERM-001” of thetabular representation600 has an associated premium cost of $79.00.
• According to some embodiments, player information (e.g., as stored in the player database245) associated with the player may be used by the server to determine one or more available insurance terms. For example, the server may use the lifetime win/(loss)550 associated with a player (FIG. 5) to select one or more terms having an appropriate wager per play (or range of wagers per play). According to some other embodiments, if a player is at a gaming machine, for example, the available insurance terms may be determined based on information about the gaming machine. For example, the available insurance terms may be based on the type of gaming machine, the denomination of the gaming machine, and/or the standard deviation of payouts by the gaming machine.
• The terminal outputs or otherwise communicates the descriptions of the available insurance terms (step1025). For example, the terminal communicates one or more descriptions to the operator and/or the player using one or more devices described above with respect to kiosk400 (e.g., by displaying at a display device or outputting one or more descriptions using an audio speaker). According to some embodiments, the terminal displays available insurance term descriptions in a menu of selectable items, in a manner well known in the art.
• The terminal also receives a signal indicating a selection by the player of at least one of the available insurance terms (step1030). For example, the slot club host may describe the available insurance terms (e.g., by reading the descriptions from a display device of the terminal). Once the player has made his selections (e.g., by telling the slot club host which of the available terms he would like), the slot club host may select one or more items from a list of available insurance terms using a pointer device, or by touching a touch screen. Alternatively, the player may be allowed to make his own selections at the terminal. According to some embodiments, the terminal receives the selections after (or in response to) communicating the available insurance term descriptions, as described above (step1025).
• Based on the one or more selected insurance terms, the terminal determines a premium cost for an insurance policy including the selected insurance terms (step1035) and communicates the determined premium cost (step1040). For example, the terminal displays the determined premium cost to the slot club host so that the host may inform the player. In another example, the terminal prints out a statement that includes an indication of the premium cost. According to some embodiments, the communication of the premium cost comprises an offer for a gambling loss insurance policy (e.g., including the selected insurance terms) in exchange for the determined premium cost.
• As described above, in one or more embodiments, the determined premium cost is a total sum of the respective premium costs of the selected insurance terms. According to other embodiments, the determined premium cost may be more than or less than the total sum of the respective premium costs. For example, a casino may offer an insurance policy including two or more insurance terms at a savings or discount to the player. As will be readily apparent to those having ordinary skill in the art, policies or other combinations of terms may thus be advertised or offered to players at a discounted premium cost (e.g., “If you buy coverage for video poker and slot machine play, we'll discount the cost of the slot machine coverage by 10%.”).
• According to some embodiments, the terminal transmits an indication of the selected insurance terms to the server, which determines an appropriate total premium cost and transmits an indication of the total premium cost to the terminal. According to other embodiments, the terminal may determine the total premium cost without transmitting an indication of the selected insurance terms to the server or without receiving an indication of the total premium cost from the server. For example, the server may transmit to the terminal an indication of the respective premium cost for each available insurance term (e.g., when it transmits descriptions of the available insurance terms), which may be stored, by the terminal. Accordingly, the terminal can determine a total premium cost based on the selected insurance terms without additional communication with the server.
• According to some embodiments, player information (e.g., as stored in the player database245) associated with the player may be used in determining the premium cost. For example, the lifetime win/(loss)550 associated with a player (FIG. 5) may be used to estimate the volatility or risk of a player's gaming activity, and the premium cost may be based at least in part on this estimation in determining an appropriate premium for a gambling loss insurance policy. In some embodiments, two players purchasing insurance policies having the same terms may be charged different premium costs. For example, a “high risk” player with a lifetime loss greater than a predetermined threshold may be charged an appropriately higher premium than a “low risk” player. In another example, the lifetime win/(loss)550 associated with a player may be used to estimate the skill of the player. For instance, a video poker player may be rated according to an estimation of his skill. A first video poker player that is rated higher than a second video poker player may be charged an appropriately lower premium cost than the second player, because the first video poker player is less likely to lose as much as the second player. According to some embodiments, a player may be refused insurance coverage based at least in part on the player's lifetime win/loss550.
• In another example, the average wager per play560 (FIG. 5) may be used in determining an available insurance term (e.g., a wager amount to cover) or a premium to offer to a player for a gambling loss insurance policy. For example, a player who wagers $1.00 per play on average but requests coverage for $3.00 per play may be charged an appropriately high premium based on an assessment that the player is planning to engage in riskier gambling behavior than usual. In some embodiments, based on the player's average wager per play (or per session), thenetwork server200 orkiosk400 may offer coverage for a different wager amount than was initially selected or indicated by the player. For example, a player who typically wagers $2.00 per play requests coverage for $3.00 per play. Based on the player's average wager per play, the terminal determines a counteroffer for $2.00 per play and provides the offer to the player. In some embodiments, a player may be refused insurance coverage based at least in part on the player's average wager per play.
• In yet another example, a player's average session length570 (FIG. 5) may be used in generating an offer for a gambling insurance policy. For example, theaverage session length570 may be used byserver102 in determining an available insurance term (e.g., a period of policy coverage) and/or in determining a premium to offer to a player for a gambling loss insurance policy. According to some embodiments, a player may be refused insurance coverage based at least in part on the player's average session length.
• Referring toFIG. 10B, the terminal determines whether the user accepts the insurance policy (step1045). In some embodiments, the terminal receives a signal from a user (e.g., the slot club host; the player) indicating that the player is willing to pay the determined premium cost in exchange for receiving insurance coverage in accordance with the selected insurance terms. For example, the user may click on a virtual button (or a hyperlink) on a Web page (e.g., a button labeled “Accept Policy”). According to one or more alternative embodiments, determining whether the player accepts the insurance policy comprises receiving an indication of payment of at least a portion of the premium cost by the player (e.g., an indication of a payment amount that is less than or equal to the premium cost).
• If the player accepts the insurance policy, the terminal preferably receives payment based on the premium cost from the player (step1050). For example, the terminal may receive a financial account identifier such as, without limitation, a credit card number. For instance, the player may provide his credit card number to the slot club host so that the host can enter the credit card number into the terminal (e.g., via a keypad; via a credit card reader). In another example, the terminal may receive bills and/or coins in a manner well known in the art (e.g., at a cash drawer). According to one or more embodiments, only a predetermined percentage of the premium cost or a predetermined amount (e.g., based on the premium cost) needs to be paid in order to accept the insurance policy.
• Preferably, if the user accepts the insurance policy, an insurance policy record is created (step1055). According to some preferred embodiments, the insurance policy record is stored at the server (e.g., in insurance policy database255) based on the user identification information (e.g., player identifier) and the selected insurance terms that comprise the insurance policy. For example,tabular representation700 illustrates an insurance policy identified as “PL-1234” that is associated with a player identified as “PL-246” and including terms “TERM-001” and “TERM-202”. Storing the insurance policy information at a server provides the advantage that the insurance policy information may be accessed for administering insurance coverage at a plurality of gaming machines and kiosks in communication with the server. According to some embodiments, information corresponding to the accepted insurance policy may be stored at the terminal in addition to or in lieu of information stored at the server.
• If, however, the user does not accept the insurance policy, the terminal determines whether the player wants to select one or more alternative insurance terms (step1060). For example, the slot club host may ask the player if he is not interested in an insurance policy at all, or if he would prefer select a different set of one or more available terms. In some cases, the player may believe that the determined premium cost is too high, and may wish to assemble an insurance policy having a lower premium cost. If the player expresses a desire to select one or more alternate insurance terms, the host, for example, may press a button at the terminal that instructs the terminal to output a list of any available insurance terms. If it is determined that the player should be allowed to select one or more alternative insurance terms, the process continues by communicating (e.g., displaying or outputting) one or more available insurance terms to the user (step1025). If, however, it is determined that the player does not wish to select alternative insurance terms (e.g., does not wish to purchase an insurance policy at all), the process ends.
• According to some embodiments, the user is not limited in the number of times he may be allowed to re-select desired insurance terms. According to other embodiments, the user may be limited to a predetermined number of opportunities to select insurance terms (and/or to receive a premium quote for an insurance policy).
• According to one or more embodiments of this invention, a player registers in advance, for example, at a cashier's station, and obtains a tracking card. The tracking card may be a magnetically coded tracking card generally used at casinos, a stored value card, or other form of smart card. In some preferred embodiments, only the player ID is stored on the player tracking card for security reasons. However, other types of information, such as monetary value, and/or an insurance policy identifier, can also be stored on the player tracking card. According to some embodiments, a card (e.g., an insurance card) may store one or more insurance policy identifiers, in which each insurance policy identifier identifies an insurance policy associated with the player. During registration, the player provides various types of player information, such as that shown in tabular representation500 (FIG.5) of theplayer database245, including, without limitation, name, address, and credit card number. The casino assigns each player a unique numeric ID number. The player also provides preferred payment methods to define the preferred methods of receiving payouts under the policy, which will be described in detail below. Additionally, the system maintains an indication of whether the player has an insurance policy. For example, the system may create an entry in a database (e.g., insurance policy database255) indicating that the player is associated with an insurance policy. The player registration, as well as the purchase of insurance as described below, may also take place atslot machine300 or any game machine having an interactive interface.
• FIG. 11 illustrates a process consistent with some embodiments of this invention for purchasing gambling loss insurance. Initially, the player inserts the tracking card into slot machine300 (step1100).Card reader332 of playercard tracking device330 reads the player ID stored on the player tracking card, and playercard tracking device330 transmits the player ID to network server200 (step1110).Network server200 looks up the player ID number in theplayer database245 and checks to see whether the player has an existing insurance policy (step1120). If the player has an existing policy, the player may either initiate a gambling session under that policy or purchase another policy.
• According to some alternative embodiments,slot machine300 may check to see whether the player has an existing insurance policy without transmitting the player ID tonetwork server200. For example,slot machine300 may include a player database.
• Regardless of whether the player has a policy, display331 presents to the player information giving the player an option to purchase new or additional gambling loss insurance, at which point the player may elect to establish an insurance policy (step1130). Policy requirements may be established in various ways: entering data directly into a key pad attached toslot machine300; entering data into a kiosk (e.g., a custom terminal on a casino floor); providing data to a cashier who enters the requirements directly intonetwork server200; or entering the data using a telephone, which then transmits the data to networkserver200. Other ways for establishing policy requirements are discussed variously herein, and still other means will be readily apparent to those having ordinary skill in the art. For this embodiment, it will be assumed the insurance policy is purchased fromslot machine300.
• Next, the player defines the type of coverage by establishing policy requirements (e.g., insurance terms) of the insurance policy (step1140). The player determines, for example, the loss at which the insurance policy pays a claim, the amount of each bet, and/or the time period over which the insurance policy is in effect.
• There are a number of ways in which the amount of coverage can be described (step1150). For example, an insurance policy with a stated loss limit of five hundred dollars provides a payment to the player if his losses for the covered gambling session exceed five hundred dollars. The payment could be made if losses exceed five hundred dollars at any time throughout the session, or only if losses exceed five hundred dollars at the conclusion of the covered gambling session. Alternatively, a graduated insurance payout scale could allow for insurance payouts to increase as the size of the loss increases. Rather than specifying an amount of loss, the insurance policy could instead describe a rate of loss, such as one hundred dollars per hour. Any insured gambling session in which losses exceeded one hundred dollars for a given one hour period would result in an insurance payout. Loss amounts could also represent a fraction of the amount of money gambled during the insured session. A forty percent loss limit, for example, would trigger an insurance payout when net losses for the session exceed forty percent of the total amount bet during the session.
• The player next describes the amount of each bet over the insured period (step1160). A slot machine player, for example, might indicate that he is playing a dollar machine and that he is playing three coins per handle pull. The player may also specify the type of slot machine that he is going to play in order to provide basic information about the standard deviation of the outcomes to the server.
• After establishing an amount of loss to be covered, the player selects the coverage time of the policy (step1170). For example, the insurance policy could specify a start and stop time. Any gambling within this time window is covered by the policy. Alternatively, the player could select a number of handle pulls so that the insurance period is based on activity rather than time. For example, the player may establish a policy to cover the next one thousand handle pulls.
• In another example, the player may specify a particular time period, such as a number of days, weeks, months, or years. In another example, the player may specify a period of coverage that does not begin upon purchase of the policy. For instance, the player could purchase a policy in advance for a four-day period starting two weeks from the time of purchase. Thus, a player could establish an insurance policy for a return visit, for example. In some cases, when a guest makes a reservation for a hotel stay, the hotel may offer an insurance policy to cover all or a portion of the guest's stay.
• In some embodiments of the present invention, thenetwork server200 and/orslot machine300 may suggest one or more policy requirements to the user based on the user's gaming history and/or prior purchased policies. For example, thenetwork server200 may look up a player's average wager amount in a database (e.g., player database245) and determine that the bet amount covered by the policy must be no more than (or within a predetermined range of) the average wager amount. In this way, players may be discouraged from purchasing insurance for atypical wager amounts.
• Insurance payouts can take a number of different forms. They can be a fixed dollar amount, a fraction of all losses above the loss limit, a number of free plays on the machine, or any other of type of benefit, as practicable for the particular application. For example, an insurance benefit may be in the form a frequent flyer miles, comp points, discounts (e.g., room, food, or beverage comps) or coupons (e.g., for the casino or other merchants), show tickets, etc. According to some embodiments, a policyholder of a gambling loss insurance policy may be able to specify the form of insurance payout at the time of purchase, a time at which the insurance payout is provided, and/or at any other time.
• An indication of such policy requirements may be stored, for example, as one or more entries in a database (e.g.,insurance term database250; insurance policy database255). According to some embodiments,slot machine300 transmits the policy requirements to networkserver200 throughcommunication port385.Network server200 then stores an indication of the player selected coverage type and the selected loss threshold ininsurance policy database255. According to some alternative embodiments,slot machine300 stores the policy requirements, for example, in an insurance database at theslot machine300.
• FIG. 12 is a flowchart illustrating a process for calculating a premium cost consistent with various embodiments of this invention. First,network server200 stores an indication of the policy requirements received fromslot machine300, along with the player ID, in insurance policy database255 (step1200).CPU205 accesses a premium calculation algorithm pre-stored in storage device240 (step1210), and computes the premium costs based on the policy requirements (step1220). Although many different algorithms may be used to calculate the premium costs, insurance policies having a high level of protection will generally require higher premiums. If all else is equal, the premium amount increases as the amount of the insurance payout increases. An insurance policy that pays fifty dollars for any loss greater than five hundred dollars over a one hour period will generally cost twice as much as a policy that pays twenty five dollars for the same loss profile. Of course, the entity providing the insurance coverage may calculate or otherwise determine the premium cost in any manner practicable for the particular application.
• As loss limits increase, the premium amount declines, reflecting the decreased probability that the player loss will trigger an insurance payout.
• Greater gambling activity will of course necessitate relatively higher insurance premiums. A doubling of the time period of coverage, for example, will increase the premium amount (although not necessarily linearly). Higher bet amounts per handle pull will also typically result in higher premium amounts. Insurance policies written on machines with relatively high payout variance will also preferably require higher insurance premiums.
• Once calculated,network server200 transmits the premium cost to slot machine300 (step1230) which then displays the premium cost ondisplay331 or video display area315 (step1240).
• According to some alternative embodiments of the present invention, some or all of the described steps for determining a premium amount may be carried out by theslot machine300.
• FIG. 13 is a flowchart illustrating a process consistent with various embodiments of the invention for finalizing the purchase of an insurance policy. The player evaluates the premium cost shown on display331 (or video display are315) and decides whether the premium cost is acceptable (step1300). If the premium is not acceptable to the player (step1310), the player may develop new policy requirements (step1320). For example, if the premium is too high, the player may increase the loss amount covered or may shorten the time period covered by the policy.Network server200 then calculates a new premium cost based on the modified policy requirements (step1325) (e.g., as described in connection withFIG. 7). This new premium amount is then transmitted toslot machine300 for display to the player.
• If the premium is acceptable to the player (step1310), the player transmits an indication of his acceptance tonetwork server200, providing a confirmation to purchase the specified insurance policy (step1330).Network server200 preferably stores the premium amount in a database, such as in the total premium field760 (FIG. 7) of the exemplaryinsurance policy database255. Next,network server200 generates a tracking number or other insurance policy identifier and appends it to the insurance policy record as shown in the tabular representation700 (FIG. 7) (step1340).Network server200 receives the premium (or a predetermined portion thereof) from the player by directly debiting the player's credit card account, accepting coins deposited by the player, and/or debiting the player's winnings accrued at slot machine300 (step850). Once sufficient payment is received for the premium,network server200 stores the insurance policy record in insurance policy database255 (step855).
• According to one or more embodiments of the present invention, at this point,network server200 may also create an entry in the insurance policy status database265 and set policy status920 (FIG. 9) to “open”.
• According to some alternative embodiments of the present invention, some or all of the described steps for finalizing a purchase may be carried out by theslot machine300. For example,slot machine300 may include an insurance database for tracking information about an insurance policy of a player.
• According to one or more embodiments of the present invention,network server200 preferably performs maintenance checks to ensure that only active insurance policies are stored in theinsurance policy database255.FIG. 14 is a flowchart illustrating a preferred process for maintaining active insurance policies. First,network server200 makes periodic searches through theinsurance policy database255, retrieving the coverage period of each insurance policy (step1300). For example, for each entry in theinsurance policy database255,network server200 may cross-reference theterm identifiers730,740,750 with the terms stored in theinsurance term database250 in order to determine the period covered by the insurance policy.CPU205 checks whether the insurance has expired by comparing the coverage period with the current date and time (step1310). If the current date and time are beyond the coverage period,network server200 changes thepolicy status field920 of the corresponding entry in the insurance policy status database265 to indicate the policy is “closed” or “expired” (step1320). For insurance policies with a period of coverage defined by a number of handle pulls,CPU205 checks to see whether the number of outcomes received exceeds the amount of coverage. This completes the insurance policy maintenance (step1330).
• Once an “open” or “active” insurance policy is stored ininsurance policy database255, the player may conduct an insured gambling session under the insurance policy as shown in the exemplary process depicted inFIG. 15. According to one or more embodiments of the present invention, to begin an insured gambling session, the player inserts the player tracking card into playercard tracking device330 of slot machine300 (step1500).Slot machine300 then transmits the player ID number stored on (or otherwise indicated by) the player tracking card to network server200 (step1510). Ifnetwork server200 determines that the player has an active insurance policy ininsurance policy database255,CPU205 ofnetwork server200 starts storing the player's gaming results (e.g., in the gambling session database260). Alternatively,network server200 may store an indication of the player's gambling activity regardless of whether the player has an active policy or not.
• According to some embodiments of the present invention, during a gaming session atslot machine300, the player may choose to take a break and temporarily suspend the session without decreasing the coverage period. Additionally, the player is free to relocate to another machine, or to play a different game. To do so, the player simply selects a “Suspend” option (e.g., by pressing a corresponding button at slot machine300), at whichpoint slot machine300 transmits the current session record tonetwork server200. Thereafter, a new session record may be initiated at another gaming machine, for example, when the player enters his player tracking card. Regardless of the gaming machine,slot machine300 preferably transmits the tracked session record tonetwork server200 for processing at the end of each gaming session (step1520).
• According to some embodiments of the present invention, the administration of a player's insurance policy across multiple gaming machines may include offering additional coverage when a player resumes play at a different machine. For example, a player moving from a $0.25 machine to a $1.00 machine may be offered (and/or required to purchase) an increased amount of coverage, and may be notified of any appropriate change in premium required by the increased minimum wager amount. A player may thus be able to buy any available additional coverage or otherwise modify an existing policy based on the characteristics of the current machine. Conversely, coverage and/or premiums may be decreased if a player moves to a different machine.
• According to one or more embodiments of the present invention, whennetwork server200 receives the session record fromslot machine300, it processes the data under the insurance policy.FIG. 16 is a flowchart illustrating a preferred process for determining whether an insurance adjustment is necessary. First,network server200 searchesinsurance policy database255 for the player ID (step1600). If the player ID number is not found in insurance policy database255 (step1610), no insurance adjustment is necessary because the player does not have an active policy (step1620).
• If the player ID is found ininsurance policy database255,network server200 accesses insurance policy status database265 to see whether the insurance policy is currently active (step1630). If the insurance policy is not currently active, no insurance adjustment is necessary, and the player is appropriately notified (step1640). If the insurance policy is “active” or “open”, however, and if these gambling results occurred during the coverage period specified in the insurance policy, an insurance adjustment, or payout, is necessary (step1650). Additionally, the corresponding gambling session entry ingambling session database260 may be updated with the current slot machine session result (step1660).
• FIG. 17 is a flowchart illustrating a preferred process for transmitting an insurance payout (or other benefit) to the player. To make a payout,network server200 first analyzes the results stored in the appropriate gambling session entry of gambling session database960 (step1700). For example, if a loss during the gambling session does not exceed the loss threshold as indicated in insurance policy database255 (e.g., as represented by the storedterm identifiers730,740,750), no insurance adjustment is necessary. If the loss meets or exceeds the specified threshold,CPU205 ofnetwork server200 calculates an appropriate insurance payout amount due the player according to the insurance policy requirements (step1710). Once the insurance payout amount is calculated, the payout may be made according to a method specified by one or more terms of the policy.
• In the preferred embodiment,network server200 updates theinsurance payout amount940,950 of insurance policy status database265 (step1720). Thereafter, the player may collect the insurance payout at any time at a cashier's station (step1730). Paying the player at a location away from a gaming machine or table game may help discourage players from immediately spending the payout, and may be a preferred option amongst the players. Alternatively, the player may choose to transfer the payout directly to his credit card. In that case,network server200 directly credits the player's credit card by the amount of the payout. Additionally, the player may choose to transmit the payout directly toslot machine300, in which case the compensation may be disbursed through the payout tray ofslot machine300. Regardless of the payout method,network server200 preferably updates insurance policy status database265 to reflect that a payment has been made (e.g., by modifyingpolicy status920 to indicate a payout amount has been “paid” and/or by updating insurance payout time/date970 with a time of the payout).
• As described above with respect to some embodiments, a player with an insurance policy may be able to “suspend” play at one gaming machine and continue playing at another machine under the policy (e.g., by providing his player tracking card). Some players, however, may “suspend” play under a policy (e.g., by removing a player tracking card) but actually resume play (either at the same gaming machine or at another) without providing a player tracking card. Thus, the system may not be able to identify the player as having a policy. Of course, such play would not be insured. For example, a player receiving a hand of cards corresponding to a potentially high payout (e.g., four Kings in a video poker game) may remove his player tracking card before drawing his fifth card to complete the hand. In this way, the player could possibly avoid the recognition of the win by the gaming system. Thus, the player's losses for the gambling session may be artificially inflated, which may potentially result in an undue insurance payment to the player.
• To avoid such gambling activity tracking issues, for the purposes of tracking insured play, the gaming machine and/or server may track gambling activity at a gambling machine even if a player's tracking card is removed during play (e.g., of a particular hand or handle pull), as described above. In some circumstances, the casino or other gaming operator may desire that the player continue to play only under a policy, if one had been purchased. For example, a casino may wish to track all winnings against the policy. Accordingly, some embodiments of the present invention provide for preventing the player from removing the player tracking card from a gaming machine until the period of coverage has expired (e.g., until twenty-five covered handle pulls are completed).
CONCLUSION
• Systems and methods consistent with various embodiments of the present invention provide gambling loss insurance policies to players and thus may offer protection against gambling losses. Additionally, such systems and methods provide a way of facilitating gambling sessions covered by the gambling loss insurance policies.
• It will be apparent to those skilled in the art that various modifications and variations can be made in the present invention and a construction of the invention without departing from the scope or spirit of the invention. Other embodiments of the invention will be apparent to those skilled in the art from consideration of the specification and practice of the invention disclosed herein. The specification and examples should be considered as exemplary only, with the true scope and spirit of the invention indicated by the following claims.

Claims (6)

1. A method comprising:

receiving at a table game a player identifier that identifiers the player;

receiving confirmation to purchase a gambling insurance policy, the confirmation received from the player;

determining an insurance premium cost associated with the gambling insurance policy; and

receiving payment for the insurance premium cost.

2. The method ofclaim 1 wherein the confirmation is distinct from the payment.

3. The method ofclaim 1 further comprising determining an amount of loss generated by the player during game play.

4. The method ofclaim 3 further comprising determining a refund amount based on the amount of loss and the gambling insurance policy.

5. The method ofclaim 1 wherein the table game is a blackjack table.

6. The method ofclaim 1 further comprising providing a refund to the player away from the table game.

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