Method and apparatus for motivating players to return to a casino using premiums

Abstract

A method of motivating players to return to a casino includes receiving a request to convert a predetermined value of casino currency to cash. Upon the receipt of the request, a premium value is calculated based at least in part on the predetermined value. Subsequently, the customer is provided an instrument having a total value equal to the predetermined value plus the premium value when the instrument is used at the casino. The instrument may comprise a check having a negotiable value equal to the predetermined value, and a second pay-line defining the total value with the premium to be provided if the check is cashed at the issuing casino.

1. A method of motivating players to return to a casino, comprising the steps of:
 receiving a request to convert a predetermined value of casino currency to cash;  
 calculating a premium value based at least in part on the predetermined value; and  
 offering a negotiable check having a negotiable value equal to said predetermined value and a total value equal to said predetermined value plus said premium value when said negotiable check is redeemed at said casino.  
 
     
     
       2. The method of  claim 1  wherein said casino currency is selected from the group comprising chips and negotiable coins. 
     
     
       3. The method of  claim 1  wherein said step of calculating said premium value is further based on a gaming history of a player. 
     
     
       4. The method of  claim 1  wherein said step of calculating said premium value is further based on a rating of a player. 
     
     
       5. A system for calculating awards for casino patrons, comprising:
 electronic memory; and  
 a processing unit connected to said electronic memory;  
 said processing unit in combination with said electronic memory operative to receive a request to convert a predetermined value of casino currency to cash, calculate a premium value based at least in part on said predetermined value, and offer a negotiable check having a negotiable value equal to said predetermined value and a total value equal to said predetermined value plus said premium value when said negotiable check is redeemed at said casino.  
 
     
     
       6. The system of  claim 5  wherein said processor is further operative to initiate the printing of said negotiable check. 
     
     
       7. The system of  claim 5  wherein said premium value is based at least in part on gambling history information. 
     
     
       8. The system of  claim 5  wherein said electronic memory includes a database storing information relating to casino customers, including customer identification numbers and gambling-related information. 
     
     
       9. The system of  claim 8  wherein said function of calculating said premium value based on said gambling-related information. 
     
     
       10. A system for generating awards for casino customers, comprising:
 an electronic user input for receiving a request to convert a predetermined value of casino currency to cash;  
 electronic memory connected to said user input;  
 a processing unit connected to said user input and to said electronic memory;  
 said processing unit in combination with said electronic memory operative to receive said request to convert said predetermined value to cash, calculate a premium value based at least in part on said predetermined value, and offer a negotiable check having a negotiable value equal to said predetermined value and a total value equal to said predetermined value plus said premium value when said negotiable check is redeemed at said casino.  
 
     
     
       11. The system of  claim 10  and further including means for initiating the printing of said negotiable check. 
     
     
       12. The system of  claim 11  wherein said memory further includes a database storing information relating to casino customers, including customer identification numbers and gambling-related information; and
 said function of calculating said premium value is further based on said gambling-related information.  
 
     
     
       13. The system of  claim 10  wherein said premium value is based at least in part on gambling history information. 
     
     
       14. A computer program product containing encoded instructions operative on a processing unit to perform the steps of:
 receiving a request to convert a predetermined value of casino currency to cash;  
 calculating a premium value based at least in part on said predetermined value; and  
 offering a negotiable check having a negotiable value equal to said predetermined value and a total value equal to said predetermined value plus said premium value when said negotiable check is redeemed at said casino.  
 
     
     
       15. Said computer program product of  claim 12  and further including an encoded instruction operative on said processing unit to perform the step of initiating the printing of said negotiable check. 
     
     
       16. A method of receiving a casino payout, comprising the steps of:
 requesting to convert a predetermined value of casino currency into cash;  
 receiving an offer of a negotiable check having a premium value based at least in part on said predetermined value;  
 accepting said offer; and  
 receiving the negotiable check having a negtotiable value equal to said predetermined value and a total value equal to said predetermined value plus said premium value when said negotiable check is used at said casino.  
 
     
     
       17. The method of  claim 16  wherein said casino currency is selected from the group comprising chips and negotiable coins. 
     
     
       18. A method of receiving a casino payout, comprising the steps of:
   requesting to convert a predetermined value of casino currency into cash;        receiving an offer of a negotiable instrument having a premium value based at least in part on the predetermined value;        accepting the offer; and        receiving the negotiable instrument having a negotiable value equal to the predetermined value and a total value equal to the predetermined value plus the premium value when the negotiable instrument is used at the casino.     
     
     
       19. A method comprising:
   receiving a request to convert casino currency having a first value, into cash;        offering a negotiable instrument having a second value based at least in part on the first value;        receiving acceptance of the offer; and        providing the negotiable instrument having a negotiable value equal to the first value and a total value equal to the first value plus the second value when the negotiable instrument is used at the casino.