Patent ID: 8672743

Claim:
A method of operating a gaming system, the method comprising: (a) causing at least one processor to operate with at least one input device to enable a player to pay a fee to enter into a contract for a benefit, the contract being associated with one or more terms and the benefit including a predetermined flat refund amount; (b) regardless of whether the player has entered into the contract, enabling the player to place one or more monetary wagers on one or more plays of a game, said one or more monetary wagers being in addition to the fee; (c) causing the at least one processor to operate with the at least one input device to determine an identifier associated with the a player; and (d) if the player has entered into the contract: (i) causing the at least one processor to determine information indicative of historical game play of the player; (ii) causing the at least one processor to determine, based at least upon the information indicative of historical game play of the player and the identifier associated with the player, whether the one or more terms of the contract are satisfied; and (iii) if it is determined that the one or more terms of the contract are satisfied, causing the at least one processor to operate with at least one display device to display the benefit and to cause the benefit to be provided to the player.