Method and apparatus for providing insurance policies for gambling losses
View Patent ↗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.
1. A method comprising:
detecting a qualifying condition;
in response to detecting the qualifying condition, outputting information relating to one or more gambling loss insurance policies available for sale to the player; and
selling one of the one or more gambling loss insurance policies to the player for consideration.
2. The method of claim 1 , wherein detecting the qualifying condition comprises detecting a request from the player for the information.
3. The method of claim 1 , wherein detecting the qualifying condition comprises detecting losses associated with the player wherein the losses exceed a predefined threshold.
4. The method of claim 1 , wherein detecting the qualifying condition comprises detecting a cash out event initiated by the player.
5. The method of claim 1 , wherein detecting the qualifying condition comprises detecting the player initiating a gaming session at a gaming device.
6. The method of claim 1 , wherein detecting the qualifying condition comprises detecting a balance of credits associated with the player falling below a predefined threshold.
7. The method of claim 1 , wherein outputting information relating to the one or more gambling loss insurance policies comprises presenting a menu to the player.
8. The method of claim 7 , further comprising receiving a selection from the menu indicating which of the one or more gambling loss insurance policies the player desires to purchase.
9. The method of claim 1 , further comprising storing the one or more gambling loss insurance policies as pre-packaged gambling loss insurance policies.
10. The method of claim 9 , wherein storing the one or more gambling loss insurance policies comprises storing the one or more gambling loss insurance policies on a terminal.
11. The method of claim 10 , wherein storing the one or more gambling loss insurance policies on the terminal comprises storing the policies on at least one of a kiosk and a gaming device.
12. The method of claim 1 , further comprising determining if the player satisfies a qualifying criterion before outputting the information, wherein the qualifying criterion is distinct from the qualifying condition.
13. The method of claim 12 , wherein determining if the player satisfies the qualifying criterion comprises determining if the player is a member of a casino slot club.
14. The method of claim 12 , wherein determining if the player satisfies the qualifying criterion comprises determining if a total wager made by the player exceeds a predefined threshold.
15. A system comprising:
a user interface;
a processor operatively coupled to the user interface and adapted to:
detect a qualifying condition;
in response to detecting the qualifying condition, output information relating to one or more gambling loss insurance policies available for sale to the player; and
sell one of the one or more gambling loss insurance policies to the player for consideration.
16. The system of claim 15 , wherein the user interface comprises a slot machine.
17. The system of claim 15 , wherein the user interface comprises a kiosk.
18. A computer readable medium comprising software with instructions to:
detect a qualifying condition;
in response to detecting the qualifying condition, output information relating to one or more gambling loss insurance policies available for sale to the player; and
sell one of the one or more gambling loss insurance policies to the player for consideration.