System and Method for Providing Configurable Player Stake-Related Insurance for Predetermined Range of Payout Positions in Competitive Wagering Games, having Automated Policy Acquisition and Claim Resolution Functions

摘要

The present invention provides a scalable and modular system and method for dynamically providing, to participants in competitive wagering (or other prize-bearing) ranked outcome game events, easy to acquire pre-configurable insurance policies, that upon acquisition thereof for a particular game event, reduce the policyholder's risk of losing at least a portion of their stake paid into that game event, by automatically providing at least partial reimbursement of the stake, when a predefined coverage condition is met. In various embodiments thereof, the inventive system and method comprise one or more of: (1) automated selective policy acquisition infrastructure; and (2) an automated claim resolution infrastructure module. Advantageously, various embodiments of the present invention may be utilized as stand-alone platforms usable with events offered by any online competitive wagering game provider, or they may be used in as modular solutions that can be integrated into particular competitive game event provider offerings.