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US 6,254,482 B1Granted
System and method for generating and executing insurance policies for gambling losses
AssigneeWalker Digital, LLC
InventorsJay S. Walker, James A. Jorasch
Life of this patent
Estimating the term…
Abstract
A system and method for providing a gambling loss insurance policy automatically computes insurance premiums and processes gambling sessions covered by the gambling loss insurance policies. The players may purchase the insurance policies using various means such as coins, earned winnings, or credit cards. The gambling loss insurance system provides a high level of flexibility for the players to define specific parameters of the insurance policy. Additionally, the players may purchase the insurance policies directly from the gaming machine, a custom terminal on casino floor, or cage personnel having access to a centralized network server.
Claims47
A method of processing a game transaction of a player comprising:
- storing a plurality of user-specified policy requirements associated with only one gambling insurance policy and a corresponding player identifier associated with the player, the gambling insurance policy being purchased by the player and providing protection against gambling losses based on the player's purchase;
- receiving the player identifier at a game terminal;
- executing a game at the game terminal to generate a game result;
- transmitting the game result and the player identifier to a game server;
- accessing the plurality of user-specified policy requirements associated with the gambling insurance policy corresponding to the player identifier;
- and
- determining an insurance adjustment under the gambling insurance policy based on the game result.
4 more elements
A method of processing a game transaction of a player, comprising:
- storing a plurality of user-specified policy requirements associated with only one gambling insurance policy and a corresponding player identifier associated with the player, the gambling insurance policy being purchased by the player and providing protection against gambling losses based on the player's purchase;
- receiving from a game terminal a game result and the player identifier;
- accessing the plurality of user-specified policy requirements associated with the gambling insurance policy corresponding to the player identifier;
- and
- determining an insurance adjustment under the gambling insurance policy based on the game result.
2 more elements
A game system, comprising:
- means for storing a plurality of user-specified policy requirements associated with only one gambling insurance policy and player identifier;
- means for receiving the player identifier;
- means for generating a game result;
- means for transmitting the game result and the player identifier;
- means for accessing the plurality of user-specified policy requirements;
- and
- means for adjusting a payment based on the game result and the plurality of user-specified policy requirements.
4 more elements
A game server, comprising:
- a processor;
- and
- a storage device coupled to said processor and storing instructions adapted to be executed by said processor to:
- store a plurality of user-specified policy requirements associated with only one gambling insurance policy and a corresponding player identifier associated with a player, the gambling insurance policy being purchased by the player and providing protection against gambling losses based on the player's purchase;
- receive from a game terminal a game result and the player identifier;
- access the plurality of user-specified policy requirements associated with the gambling insurance policy corresponding to the player identifier;
- and
- determine an insurance adjustment under the gambling insurance policy based on the game result.
5 more elements
A game server, comprising:
- means for storing a plurality of user-specified policy requirements associated with only one gambling insurance policy and a player identifier;
- means for receiving a game result and the player identifier;
- means for accessing the plurality of user-specified policy requirements;
- and
- means for adjusting a payment based on the plurality of user-specified policy requirements and the game result.
2 more elements
A medium storing instructions adapted to be executed by a processor to perform a method for processing a game transaction of a player, said method comprising:
- storing a plurality of user-specified policy requirements associated with only one gambling insurance policy and a corresponding player identifier associated with a player, the gambling insurance policy being purchased by the player and providing protection against gambling losses based on the player's purchase;
- receiving from a game terminal a game result and the player identifier;
- accessing the plurality of user-specified policy requirements associated with the gambling insurance policy corresponding to the player identifier;
- and
- determining an insurance adjustment under the gambling insurance policy based on the game result.
2 more elements
A method of processing a game transaction of a player, comprising:
- storing a plurality of user-specified policy requirements associated with only one gambling insurance policy and a corresponding player identifier associated with the player;
- receiving the player identifier at a game terminal;
- executing a game at the game terminal to generate a game result;
- transmitting the game result and the player identifier to a game server;
- accessing the plurality of user-specified policy requirements associated with the gambling insurance policy corresponding to the player identifier;
- determining an insurance adjustment under the gambling insurance policy based on the game result;
- and
- transmitting information associated with the insurance adjustment from the game server to the game terminal.
5 more elements
A game system, comprising:
- means for storing a plurality of user-specified policy requirements associated with only one gambling insurance policy and a player identifier;
- means for receiving the player identifier;
- means for generating a game result;
- means for transmitting the game result and the player identifier;
- means for accessing the plurality of user-specified policy requirements;
- means for adjusting a payment based on the plurality of user-specified policy requirements and the game result;
- and
- means for transmitting the adjusted payment.
5 more elements
A method of processing a game transaction of a player, comprising:
- storing a plurality of user-specified policy requirements associated with only one gambling insurance policy and a corresponding player identifier associated with the player;
- receiving from a game terminal a game result and the player identifier;
- accessing the plurality of user-specified policy requirements associated with the gambling insurance policy corresponding to the player identifier;
- determining an insurance adjustment under the gambling insurance policy based on the game result;
- and
- transmitting information associated with the insurance adjustment to the game terminal.
3 more elements
A game server, comprising:
- a processor;
- and
- a storage device coupled to said processor and storing instructions adapted to be executed by said processor to:
- store a plurality of user-specified policy requirements associated with only one gambling insurance policy and a corresponding player identifier associated with a player;
- receive from a game terminal a game result and the player identifier;
- access the plurality of user-specified policy requirements associated with the gambling insurance policy corresponding to the player identifier;
- determine an insurance adjustment under the gambling insurance policy based on the game result;
- and
- transmit information associated with the insurance adjustment to the game terminal.
6 more elements
A game server, comprising:
- means for storing a plurality of user-specified policy requirements associated with only one gambling insurance policy and a player identifier;
- means for receiving a game result and the player identifier;
- means for accessing the plurality of user-specified policy requirements;
- means for adjusting a payment based on the plurality of user-specified policy requirements and the game result;
- and
- means for transmitting the adjusted payment.
3 more elements
A medium storing instructions adapted to be executed by a processor to perform a method for processing a game transaction of a player, said method comprising:
- storing a plurality of user-specified policy requirements associated with only one gambling insurance policy and a corresponding player identifier associated with the player;
- receiving from a game terminal a game result and the player identifier;
- accessing the plurality of user-specified policy requirements associated with the gambling insurance policy corresponding to the player identifier;
- determining an insurance adjustment under the gambling insurance policy based on the game result;
- and
- transmitting information associated with the insurance adjustment to the game terminal.
3 more elements
A computer-readable medium that stores data accessible by a program executable on a data processing system, the data being organized according to a data structure that comprises:
- a player identifier data object representing a player;
- and
- a gambling insurance policy data object representing a gambling insurance policy purchased by the player and providing protection against gambling losses based on the player's purchase, the gambling insurance policy data object:
- (i) accessible from the player identifier data object, (ii) comprising a plurality of user-specified policy requirements for only one gambling insurance policy, and (iii) used to determine an insurance adjustment for a player based on a game result generated at a game terminal.
1 more element
Dependencies are inferred from the claim text.