US6254482B1
Expired / Lapsed
US
⏱️ 0.0 years remaining
System and method for generating and executing insurance policies for gambling losses
Assignee: International Game Technology
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Filing: 1998-10-06
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Granted: 2001-07-03
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Expires: 2018-10-06
Abstract
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.
Inventors
- 👤 Jay S. Walker
- 👤 James A. Jorasch
Bibliographic Details
Application Number
—
Jurisdiction
US
Data Source
google_patents
Last Synchronized
2026-11-09 20:07
CPC Classifications
G; G07; G07F; G07F17/00; G07F17/32; G07F17/3244; G07F17/40
Claims Analysis
Total Claims: 60
Claim 1
Independent Claim
119 words
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.
Claim 2
Independent Claim
119 words
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.
Claim 3
Dependent Claim
15 words
The method of claim 1 , wherein the game result comprises an amount of loss.
Claim 4
Dependent Claim
30 words
The method of claim 2 , wherein the plurality of user-specified policy requirements comprises a loss threshold, and further comprising: updating the loss threshold based on the amount of loss.
Claim 5
Dependent Claim
32 words
The method of claim 2 , wherein the plurality of user-specified policy requirements comprises a loss threshold, and wherein said determining comprises: determining whether the amount of loss exceeds the loss threshold.
Claim 6
Dependent Claim
14 words
The method of claim 1 , wherein said storing comprises: storing player account information.
Claim 7
Dependent Claim
18 words
The method of claim 5 , further comprising: updating the player account information based on the insurance adjustment.
Claim 8
Dependent Claim
28 words
The method of claim 5 , wherein the player account information comprises a credit card number, and further comprising: crediting the insurance adjustment using the credit card number.
Claim 9
Dependent Claim
23 words
The method of claim 1 , wherein said executing comprises: generating a random number; and executing the game based on the random number.
Claim 10
Dependent Claim
14 words
The method of claim 1 , wherein the game terminal comprises a slot machine.
Claim 11
Dependent Claim
15 words
The method of claim 1 , wherein the game terminal comprises a video poker machine.
Claim 12
Dependent Claim
14 words
The method of claim 1 , wherein the game terminal comprises a keno machine.
Claim 13
Independent Claim
99 words
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.
Claim 14
Independent Claim
99 words
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.
Claim 15
Dependent Claim
15 words
The method of claim 12 , wherein the game result comprises an amount of loss.
Claim 16
Dependent Claim
28 words
The method of claim 13 , wherein the gambling insurance policy comprises a loss threshold, and further comprising: updating the loss threshold based on the amount of loss.
Claim 17
Dependent Claim
30 words
The method of claim 12 , wherein the gambling insurance policy comprises a loss threshold, and wherein said determining comprises: determining whether the amount of loss exceeds the loss threshold.
Claim 18
Dependent Claim
14 words
The method of claim 12 , wherein said storing comprises: storing player account information.
Claim 19
Dependent Claim
18 words
The method of claim 16 , further comprising: updating the player account information based on the insurance adjustment.
Claim 20
Dependent Claim
28 words
The method of claim 16 , wherein the player account information comprises a credit card number, and further comprising: crediting the insurance adjustment using the credit card number.
Claim 21
Dependent Claim
72 words
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.
Claim 22
Dependent Claim
72 words
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.
Claim 23
Dependent Claim
113 words
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.
Claim 24
Dependent Claim
113 words
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.
Claim 25
Dependent Claim
61 words
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.
Claim 26
Dependent Claim
61 words
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.
Claim 27
Independent Claim
114 words
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.
Claim 28
Independent Claim
114 words
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.
Claim 29
Independent Claim
114 words
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.
Claim 30
Independent Claim
114 words
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.
Claim 31
Dependent Claim
23 words
The method of claim 23 , further comprising: dispensing currency based on the information associated with the insurance adjustment at the game terminal.
Claim 32
Dependent Claim
15 words
The method of claim 23 , wherein the game result comprises an amount of loss.
Claim 33
Dependent Claim
30 words
The method of claim 25 , wherein the plurality of user-specified policy requirements comprises a loss threshold, and further comprising: updating the loss threshold based on the amount of loss.
Claim 34
Dependent Claim
32 words
The method of claim 25 , wherein the plurality of user-specified policy requirements comprises a loss threshold, and wherein said determining comprises: determining whether the amount of loss exceeds the loss threshold.
Claim 35
Dependent Claim
14 words
The method of claim 23 , wherein said storing comprises: storing player account information.
Claim 36
Dependent Claim
18 words
The method of claim 28 , further comprising: updating the player account information based on the insurance adjustment.
Claim 37
Dependent Claim
28 words
The method of claim 28 , wherein the player account information comprises a credit card number, and further comprising: crediting the insurance adjustment using the credit card number.
Claim 38
Dependent Claim
23 words
The method of claim 23 , wherein said executing comprises: generating a random number; and executing the game based on the random number.
Claim 39
Dependent Claim
14 words
The method of claim 23 , wherein the game terminal comprises a slot machine.
Claim 40
Dependent Claim
15 words
The method of claim 23 , wherein the game terminal comprises a video poker machine.
Claim 41
Dependent Claim
14 words
The method of claim 23 , wherein the game terminal comprises a keno machine.
Claim 42
Dependent Claim
79 words
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.
Claim 43
Dependent Claim
79 words
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.
Claim 44
Independent Claim
90 words
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.
Claim 45
Independent Claim
90 words
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.
Claim 46
Dependent Claim
22 words
The method of claim 36 , further comprising: dispensing currency based on the amount of the insurance adjustment at the game terminal.
Claim 47
Dependent Claim
15 words
The method of claim 36 , wherein the game result comprises an amount of loss.
Claim 48
Dependent Claim
30 words
The method of claim 38 , wherein the plurality of user-specified policy requirements comprises a loss threshold, and further comprising: updating the loss threshold based on the amount of loss.
Claim 49
Dependent Claim
32 words
The method of claim 38 , wherein the plurality of user-specified policy requirements comprises a loss threshold, and wherein said determining comprises: determining whether the amount of loss exceeds the loss threshold.
Claim 50
Dependent Claim
14 words
The method of claim 36 , wherein said storing comprises: storing player account information.
Claim 51
Dependent Claim
18 words
The method of claim 41 , further comprising: updating the player account information based on the insurance adjustment.
Claim 52
Dependent Claim
28 words
The method of claim 41 , wherein the player account information comprises a credit card number, and further comprising: crediting the insurance adjustment using the credit card number.
Claim 53
Dependent Claim
104 words
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.
Claim 54
Dependent Claim
104 words
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.
Claim 55
Dependent Claim
67 words
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.
Claim 56
Dependent Claim
67 words
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.
Claim 57
Independent Claim
105 words
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.
Claim 58
Independent Claim
105 words
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.
Claim 59
Dependent Claim
111 words
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.
Claim 60
Dependent Claim
111 words
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.
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USPTO Annuity & Maintenance Windows
| Annuity Stage | Window Opens | Payment Deadline | Surcharge Period Until | Estimated Fee | Status |
|---|---|---|---|---|---|
| 3.5 Years (Year 4) | 2004-07-02 | 2005-01-01 | 2005-07-03 | $2000.00 | Window Closed / Lapsed |
| 7.5 Years (Year 8) | 2008-07-02 | 2009-01-01 | 2009-07-03 | $3760.00 | Window Closed / Lapsed |
| 11.5 Years (Year 12) | 2012-07-02 | 2013-01-01 | 2013-07-03 | $7700.00 | Window Closed / Lapsed |