System and method for tracking and rewarding gamblers based on relative wagering characteristics

Abstract

A gambler reward system wherein gamblers in a casino can use their comp card to be ranked by play data relative to other gamblers in the casino (or connected properties). Gamblers who rank the highest can be identified and can be given rewards. A rank can be determined by many characteristics, such as the number of comp points earned or the amount won.

Description

CROSS REFERENCE TO RELATED APPLICATIONS [0001] This application claims benefit to provisional application No. 60 / 713,787, which is incorporated by reference herein in its entirety. This application also claims benefit to provisional application No. 60 / 713,858, which is incorporated by reference herein in its entirety. This application also claims benefit to provisional application No. 60 / 713,947, which is incorporated by reference herein in its entirety. This application also claims benefit to provisional application No. 60 / 713,946, which is incorporated by reference herein in its entirety.BACKGROUND OF THE INVENTION [0002] 1. Field of the Invention [0003] The present inventive concept relates to a system, method, and computer readable storage, for rewarding gamblers based on relative wagering characteristics across a set of two or more propositions. [0004] 2. Description of the Related Art [0005] Casino wagering is a multi-billion dollar industry. Casinos routinely introduce new pr...

AI Technical Summary

Benefits of technology

[0015] It is an aspect of the present invention to provide methods to reward players which can generate additional player interest.

Problems solved by technology

Players may be given a large amount of virtual “credits” to play the machines, but these are not real credits as they are not redeemable for cash.

A disadvantage of tournament play for the casino is that while players are playing the tournament, the gaming equipment being used for the tournament (slot machines, poker tables, etc) is unable to receive cash wagers and therefore, is not providing revenue for the casino.

The tournament entry fee ($10 in the poker tournament example above) may not be sufficient to compensate the casino for the lack of wagering revenue during the tournament period.

A further disadvantage of tournament play for the casino is that a specialized staff of casino employees, including a tournament director, is required to actively manage the operation of a tournament.

A disadvantage of tournament play for the player is that the player must be physically present at the location and time of the tournament.

If a player feels tired, or wants to play golf or eat dinner while a tournament is going on, the player will be directly and significantly hurting their chances of winning the tournament.

A further disadvantage of tournament play for the player is that if the player pays an entry fee and does not win, they have lost the entry fee since it is redistributed to other winning players.

A further disadvantage of tournament play for the player is that the player cannot win large cash awards during the tournament beyond the value of the prize pool.

While this event may ensure their victory in the tournament, winning the largest share of a $10,000 prize pool is hardly compensation for the loss of a $3,000,000 jackpot.

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