B
BetterBetWes
Guest
FOR IMMEDIATE RELEASE:
Wesley C. Dorsey Jr.
Hobby Inventor
San Diego, CA
Advance Preview and Q&A for Better Bet Insurance/Indiegogo Crowd Funding Campaign
San Diego, CA – October 1, 2013 – Better Bet Insurance, a patent pending invention that allows bettors to insure their bets against bad calls made by referees will be launching an Indiegogo Crowd Funding Campaign to secure funding necessary for global patent protection.
Prior to the general opening of the campaign on October 8, 2013, I would like to invite you to preview the crowd funding site by using the following link:
https://www.indiegogo.com/project/preview/a282d7fa
There you can review more detailed information on Better Bet Insurance. I would greatly appreciate your questions, comments, and general feedback on the concept of Better Bet Insurance as this will help me to better explain the concept to the general public. Of course you have my express permission this information if you choose to write an article of interest to you readers/subscribers.
Better Bet Insurance is a computerized method of determining a premium for a Better Bet Insurance policy. Better Bet Insurance policies can be taken out on a variety of wagers placed on some aspect of a sporting event, such as who will win the game, who will score the first points, who will score the most points, the outcome of an opening coin toss, etc.
Better Bet Insurance provides a benefit to the insured in the event a bad call is made by a judging official during the course of play of a sporting event in which a covered wager has been placed.
Premiums for Better Bet Insurance are determined by compiling statistics for the performance of judging officials over the course of sporting seasons. These statistics can then be used as a basis for actuarial tables utilized in determining premiums for Better Bet Insurance policies. Using the National Football League as an example, statistics for referees could include items such as the number of calls made, the number of bad calls made, the number of bad calls overturned on booth review or coach’s challenge, the number and type of calls made by referees such as false starts, off sides, illegal motion, pass interference, etc.
A person wishing to purchase Better Bet Insurance for a wager can simply access a computing device, self serve kiosk, or counter person with access to a computing device. The bettor provides certain information on the wager they wish to insure such as the sporting event, the date of the sporting event, the amount of the wager, the amount of desired coverage. Once this information is entered into a computing device, the computing device determines the necessary premium based on the actuarial tables stored in its memory. The computing device presents the premium information to the bettor and if desired, the bettor can then pay for the Better Bet Insurance policy and the policy will be issued.
If during the course of the covered sporting event, a bad call is made by a judging official in which an insured wager is lost, the insured simply files a claim on the Better Bet Insurance policy. The Better Bet Insurance policy and the bad call event in question are reviewed by insurance adjusters to determine if a benefit is to be paid. If the bad call in question is validated under the terms of the insurance policy, the bettor is paid all benefits provided under the policy.
Patent Agent services for Better Bet Insurance will be provided by Mark Nowotarski of Markets, Patents & Alliances, LLC.
Wesley C. Dorsey Jr.
San Diego, CA
Wesley C. Dorsey Jr.
Hobby Inventor
San Diego, CA
Advance Preview and Q&A for Better Bet Insurance/Indiegogo Crowd Funding Campaign
San Diego, CA – October 1, 2013 – Better Bet Insurance, a patent pending invention that allows bettors to insure their bets against bad calls made by referees will be launching an Indiegogo Crowd Funding Campaign to secure funding necessary for global patent protection.
Prior to the general opening of the campaign on October 8, 2013, I would like to invite you to preview the crowd funding site by using the following link:
https://www.indiegogo.com/project/preview/a282d7fa
There you can review more detailed information on Better Bet Insurance. I would greatly appreciate your questions, comments, and general feedback on the concept of Better Bet Insurance as this will help me to better explain the concept to the general public. Of course you have my express permission this information if you choose to write an article of interest to you readers/subscribers.
Better Bet Insurance is a computerized method of determining a premium for a Better Bet Insurance policy. Better Bet Insurance policies can be taken out on a variety of wagers placed on some aspect of a sporting event, such as who will win the game, who will score the first points, who will score the most points, the outcome of an opening coin toss, etc.
Better Bet Insurance provides a benefit to the insured in the event a bad call is made by a judging official during the course of play of a sporting event in which a covered wager has been placed.
Premiums for Better Bet Insurance are determined by compiling statistics for the performance of judging officials over the course of sporting seasons. These statistics can then be used as a basis for actuarial tables utilized in determining premiums for Better Bet Insurance policies. Using the National Football League as an example, statistics for referees could include items such as the number of calls made, the number of bad calls made, the number of bad calls overturned on booth review or coach’s challenge, the number and type of calls made by referees such as false starts, off sides, illegal motion, pass interference, etc.
A person wishing to purchase Better Bet Insurance for a wager can simply access a computing device, self serve kiosk, or counter person with access to a computing device. The bettor provides certain information on the wager they wish to insure such as the sporting event, the date of the sporting event, the amount of the wager, the amount of desired coverage. Once this information is entered into a computing device, the computing device determines the necessary premium based on the actuarial tables stored in its memory. The computing device presents the premium information to the bettor and if desired, the bettor can then pay for the Better Bet Insurance policy and the policy will be issued.
If during the course of the covered sporting event, a bad call is made by a judging official in which an insured wager is lost, the insured simply files a claim on the Better Bet Insurance policy. The Better Bet Insurance policy and the bad call event in question are reviewed by insurance adjusters to determine if a benefit is to be paid. If the bad call in question is validated under the terms of the insurance policy, the bettor is paid all benefits provided under the policy.
Patent Agent services for Better Bet Insurance will be provided by Mark Nowotarski of Markets, Patents & Alliances, LLC.
Wesley C. Dorsey Jr.
San Diego, CA