Are there play and pay later casinos? - page 11.

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Quote from: Crypt0Gore on May 17, 2023, 02:39:45 AM

It's been a year and half that I talked last with a family friend who is living in North America and finally, he replied my messages after so many sms sent out to his number, he told me about how he own 60k in gambling and I somehow feel sorry for him but at the same time I doubt this, because I don't see anyone talking about gambling debts before.

To play in any casino you have to come with your money or asset, or are there any casinos that allow play and pay later? Or I am thinking if maybe he used a credit card for gambling? We all know that debt is possible on cards..

I know some people likes taking loans or borrow money, but I know him too well, he always advice us to never take any loan for anything.

I know some are wondering why I don't ask him, he is way older than me and I don't want to ask him, I only told him to take things easy with himself, I don't know if asking can make him feel bad even more.

So is gambling debt one way or other possible without the person taking loan or borrowing money?

No it is not possible. And no right thinking casino would implement this this because it will be bad for the shareholders. Gamblers already have enough of debts to pay and allowing them to play now and pay later is the ticket to depression and possibly suicide because I imagine what the debt recovery strategy of the casino would be in this case. Casinos is a place to come spend your money and have fun it is not some microfinance bank that funds the habit of gamblers.

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Quote from: jrrsparkles on May 18, 2023, 11:40:41 AM

-snip

Whereas it's available in unregulated casino and especially in countries where gambling is illegal but there are service providers who take risk and operate it and also provide pay later/pay in other ways to the known persons.

on the other hand the casino dares to take the risk of letting someone gamble pay later, that's because of course that person uses a guarantee of valuables or whatever makes the casino owner believe to give a loan or gamble pay later.
with other things, as you said, maybe the person is too familiar with the gambling owner. but that does not apply to online gambling.

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Quote from: Crypt0Gore on May 17, 2023, 02:39:45 AM

It's been a year and half that I talked last with a family friend who is living in North America and finally, he replied my messages after so many sms sent out to his number, he told me about how he own 60k in gambling and I somehow feel sorry for him but at the same time I doubt this, because I don't see anyone talking about gambling debts before.

To play in any casino you have to come with your money or asset, or are there any casinos that allow play and pay later? Or I am thinking if maybe he used a credit card for gambling? We all know that debt is possible on cards..

I know some people likes taking loans or borrow money, but I know him too well, he always advice us to never take any loan for anything.

I know some are wondering why I don't ask him, he is way older than me and I don't want to ask him, I only told him to take things easy with himself, I don't know if asking can make him feel bad even more.

So is gambling debt one way or other possible without the person taking loan or borrowing money?

One thing I can assure you is that if you gamble by taking loans, you will undoubtedly end up in a crisis.
While you might experience occasional success, consistent borrowing and subsequent losses will lead you into trouble.
Not only will you lose what you already have, but you will also accumulate debt that will require hard work to repay.
This situation is highly unfavorable, and many individuals have already encountered it, which is why it is advised to only bet what you can afford to lose.

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Pay later option is not available in any casino which is regulated as far as I know so the debt he was talking about loan he took to gamble and said he owe 60K to casino but actually the bank or lender whoever lend money to the person.

Whereas it's available in unregulated casino and especially in countries where gambling is illegal but there are service providers who take risk and operate it and also provide pay later/pay in other ways to the known persons.

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Quote from: bangjoe on May 18, 2023, 10:52:38 AM

Paying later is something that is impossible to do a casino in my opinion, it will only make finances in the casino worse because surely many gambling addicts will take this service by forcing themselves, although it can be well obedient but not an effective thing because Kasinobukan financial services.
If it is forced, there is certainly a guarantee that is asked by the casino as a condition and conditions for paying services later, but I cannot think of what can be guaranteed to the casino as a gambler.
Although it can be adjusted to a certain account ranking, but I will doubt if it is true that someone can run away to take the loan and not return, or use it on another gambling platform.

Of course that is the biggest threat to the casino itself, for their data addicts for them to be very cheap and admire it worthless so most likely they do not care about it as a guarantee, especially the gambler is in a different country with the casino center, at the beginning They borrowed a loan of $ 1,000, and then the gambler did not return it, and it was impossible for people from gambling following people who were far away in their area, because they needed more than $ 1,000 to go if they knew the gambler's address. And if the word that committed cheating is more than 100 gamblers, surely the casino finance will be very drained and then bankrupt, it is a bad choice.
And yes, most likely customers who cannot pay loan bills, they can easily ignore them.

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Paying later is something that is impossible to do a casino in my opinion, it will only make finances in the casino worse because surely many gambling addicts will take this service by forcing themselves, although it can be well obedient but not an effective thing because Kasinobukan financial services.
If it is forced, there is certainly a guarantee that is asked by the casino as a condition and conditions for paying services later, but I cannot think of what can be guaranteed to the casino as a gambler.
Although it can be adjusted to a certain account ranking, but I will doubt if it is true that someone can run away to take the loan and not return, or use it on another gambling platform.

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Quote from: Crypt0Gore on May 17, 2023, 02:39:45 AM

To play in any casino you have to come with your money or asset, or are there any casinos that allow play and pay later? Or I am thinking if maybe he used a credit card for gambling? We all know that debt is possible on cards..

Never heard about casino with play and pay later feature although this kind of system is now popular in e-commerce.
IMO the only possible things why your friend is having gambling debt is that there is a casino that let players to play with credit card or maybe your friend know the owner of the casino (close friend) or the casino is accepting collateral from players.
The most possible thing is that your friend took some loan outside and he considers it as gambling debt which means that the debt is not in the casino but in other places.

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Quote from: Crypt0Gore on May 17, 2023, 02:39:45 AM

So is gambling debt one way or other possible without the person taking loan or borrowing money?

Maybe, here we often talk about the risks and frequencies that occur to someone who gambles online or offline with the money he has lent, that's something bad that we can never imagine.

Borrowing or using other people's money to bet gambling, it's like tying a rope around your own neck, there is no guarantee that every casino will pay 100% when you place a bet, only luck really favors the gambler.

All of us are aware, if you really look at the real world, people who are involved in gambling, what percentage do you see who are rich in gambling, maybe 1% and even that if there is, but mostly 99% have problems, so gambling is someone's right, there's nothing wrong if they want to do that, but consider the source at stake in gambling, if you consider a safe source, of course you also get peace, whether you win or lose.

aioc

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Yes there are like that in offline casinos, and its called loan shark or accredited lending by casinos, offline casinos are like that as long as you want to play they will let you give you a credit line they made you sign a contract or a promissory note, they are willing to do that because casinos know you personally and they know your financial capability.
It's better to play online than offline casinos because on offline casinos even if you don't have funds anymore, casinos are open to give you a credit line, as long as you you will sign the contract.
I have seen and read about people who go bankrupt because of their loans from casinos.

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Quote from: kamvreto on May 17, 2023, 06:04:42 PM

Quote from: blockman on May 17, 2023, 05:53:29 PM

Quote from: Crypt0Gore on May 17, 2023, 02:39:45 AM

So is gambling debt one way or other possible without the person taking loan or borrowing money?

Just gamble with your own money and not with debt money. You'll be buried more with stress and problem when you lose that money. You take responsibility for paying the interest and you have lost that money. So that's double pain that you need to deal with.

That will be Double Kill Zero, lending to gambling with interest and when gambling loses it will only leave debts to be paid along with high interest. it will be a very complicated problem and will stress anyone out.
Do gambling like gambling that provides entertainment, not gambling that requires earning? So far I have been doing some gambling just for entertainment and I have allocated a limit on the money used for gambling. So no more than the allocation fund. Gambling provides entertainment, not new problems.

Yep. I've known a lot of people personally in my circle that have done that in the past and it took them a long time until they're able to recover. They're not good in their finance and they think that it's okay to use their credit cards for gambling or even borrowed money. Such attitude toward their own finances will make them drown more in debt and we all know that when someone's in total debt, it's gonna take time, or even won't be able to recover from that situation. Those that think that they'll be able to get out of it then that's good for them but why borrow and have the burden of paying interest if they can have the cash and telling people that they're able to pay it. Save it first and have it gambled later on so that, you'll save from the interest and that burden of thinking they've got debt to pay is more stressful added with the possible losing streak.

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Casinos won't allow gamblers to play and pay later, unless they have a guarantee, a collateral to take in case the gambler doesn't pay them.

However, this is a rare situation, I suppose. On most cases debt comes from non-paid loans taken by the gambler from a banking institution or from a loan shark, although it can also correspond to credit card's debt.

In this particular case I think it's unlikely to be a credit card's debt, because 60,000$ is a lot of money! What means your friend must be really wealthy to have access to such limits!

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I have only seen play today and pay tomorrow casinos in movies and heard that there are such illegal casinos only. If a gambler is a frequent visitor and already have lost a solid amount of money, casinos owners can allowed him to gamble in debt, but % he will have to pay back are astronomical. Such casinos give money, but force to play only in their casino and play right now. As to legal method, I think not a single casino would allow to play and pay later, and online casino will never allow to play under such circumstances either.

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Quote from: Crypt0Gore on May 17, 2023, 02:39:45 AM

It's been a year and half that I talked last with a family friend who is living in North America and finally, he replied my messages after so many sms sent out to his number, he told me about how he own 60k in gambling and I somehow feel sorry for him but at the same time I doubt this, because I don't see anyone talking about gambling debts before.

To play in any casino you have to come with your money or asset, or are there any casinos that allow play and pay later? Or I am thinking if maybe he used a credit card for gambling? We all know that debt is possible on cards..

I know some people likes taking loans or borrow money, but I know him too well, he always advice us to never take any loan for anything.

I know some are wondering why I don't ask him, he is way older than me and I don't want to ask him, I only told him to take things easy with himself, I don't know if asking can make him feel bad even more.

So is gambling debt one way or other possible without the person taking loan or borrowing money?

It's possible in some small and corrupt countries where law doesn't work as it is supposed to work, I briefly know what happens in that case: Imagine a small city with a population of 100K and there are multiple casinos out there. You live in this city and decided to gamble, you lost money but got excited in casino and want to gamble more, this is the case when some people in casino come near you and offer you money to gamble, these people are real criminals, if you lose money and can't pay them back, then they'll threat you, make you sell your house or the final verdict, if you can't pay back, is death. I have heard such stories but I assume this doesn't happen as much today.

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Quote from: Doan9269 on May 18, 2023, 04:14:19 AM

Quote from: JooBra on May 18, 2023, 01:19:17 AM

This practice is not something Casinos would make cause people would abuse it. It would be so easy to bet with their money and then if they lose it all they would end up in jail and still Casino would be left without it.

Considering gamblers that were so addicted to gambling and those that have nothing else as a source of income than what they get through gambling activities, this may not be a good idea because a large numbers of gamblers will always wanted to partake in taking loan to gamble which is not good to encourage, the casinos will be chasing after them for loan recovery, and as we all knows it's more common to loose in gambling than winning.

This is the big flaws of this feature since we don't know if the person borrowed will surely pay and to dangerous if those loan defaulter will just try their luck to win and claim some money on their winnings and doesn't really have plan to pay. Loan defaulters always do that and for sure they will be targeted by those people since this feature is prone on more abuse. That's the reason why we don't see this exist since this is bad on the business and might create big issue on their company.

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Quote from: Crypt0Gore on May 17, 2023, 02:39:45 AM

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To play in any casino you have to come with your money or asset, or are there any casinos that allow play and pay later? Or I am thinking if maybe he used a credit card for gambling? We all know that debt is possible on cards..

I know some people likes taking loans or borrow money, but I know him too well, he always advice us to never take any loan for anything.

I know some are wondering why I don't ask him, he is way older than me and I don't want to ask him, I only told him to take things easy with himself, I don't know if asking can make him feel bad even more.

Asking him because you are interested on the topic doesn’t make you disrespectful to him regardless of his age. You knew exactly that playing in casino needs a cold cash because money is what being use to bet there. There’s no casino that allow debt unless he is playing on underground/illegal casino that giving credit to there player because that’s the kind of casino I only knew that offer this one because there’s one in my country.

Quote from: Crypt0Gore on May 17, 2023, 02:39:45 AM

So is gambling debt one way or other possible without the person taking loan or borrowing money?

It’s not possible if he is playing on licensed casino but possible on casino that I mention above that’s why it’s important to ask this question directly to your family friend for whatever reason you have in your mind for being curious about this matter.

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Quote from: Doan9269 on May 18, 2023, 04:14:19 AM

Quote from: JooBra on May 18, 2023, 01:19:17 AM

This practice is not something Casinos would make cause people would abuse it. It would be so easy to bet with their money and then if they lose it all they would end up in jail and still Casino would be left without it.

Considering gamblers that were so addicted to gambling and those that have nothing else as a source of income than what they get through gambling activities, this may not be a good idea because a large numbers of gamblers will always wanted to partake in taking loan to gamble which is not good to encourage, the casinos will be chasing after them for loan recovery, and as we all knows it's more common to loose in gambling than winning.

But casinos are unlikely to implement that because they have no guarantee how losing gamblers will pay it out. If the gambler uses a credit card, the casino can charge it to the credit card company so the gambler still pays the credit card bill and the casino can get the money at the end of the month.

And, of course, casinos can impose more complete requirements than usual because this concerns the money gamblers use first to play. Either this is a good idea for the casinos or they will stay as we know it.

And the casinos will definitely think about this before deciding and will find out the idea's advantages and disadvantages. But I feel the casino will not use this idea because it is too risky to apply to its members.

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Quote from: Crypt0Gore on May 17, 2023, 02:39:45 AM

I honestly haven't heard before that Pay Later concept can be associated with gambling. But now that you said it, I do think that it'll be a good feature to have, it comes with specific terms and conditions first of course. If it'll be implemented, I think the player need to have met some conditions such as wagering requirements and deposit amount, either or both may be time-bound. Big requirement could include a KYC. But I have a hunch that the casino might even just hand-pick those eligible players.

It is a necessity to have these pre-conditions to ensure that the casino will not be easily be disregarded by the player as it potentially lessens that risk for the casino.

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Quote from: JooBra on May 18, 2023, 01:19:17 AM

This practice is not something Casinos would make cause people would abuse it. It would be so easy to bet with their money and then if they lose it all they would end up in jail and still Casino would be left without it.

Considering gamblers that were so addicted to gambling and those that have nothing else as a source of income than what they get through gambling activities, this may not be a good idea because a large numbers of gamblers will always wanted to partake in taking loan to gamble which is not good to encourage, the casinos will be chasing after them for loan recovery, and as we all knows it's more common to loose in gambling than winning.

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Loan sharks? Before I don't believe them but when my eyes are opened in the gambling industry, I can say they are real and they are in the shadows of the casinos just waiting for that guy who wants to play more and win back what they lose in exchange for high-interest rates. It won't matter to a gambler that is determined that he can win it all back, someone who will try to chase their losses and think they are invincible afterward. The belief that all their bad luck was gone when they lose their entry money.

It could happen but expect that they won't stop even if you pay back, they will offer higher amounts and higher interest rates and it will be a problem to get away from them. If ever your friend did that, he might be in big trouble now. Because that interest will keep on running, worst growing, if it takes him longer to pay them back.

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Quote from: Crypt0Gore on May 17, 2023, 02:39:45 AM

I know some people likes taking loans or borrow money, but I know him too well, he always advice us to never take any loan for anything.

I know some are wondering why I don't ask him, he is way older than me and I don't want to ask him, I only told him to take things easy with himself, I don't know if asking can make him feel bad even more.

So is gambling debt one way or other possible without the person taking loan or borrowing money?

To be sincere this is the first time I am hearing or reading about such thing; I haven't seen it before somewhere that someone was able to borrow or bet on credit and paid back the casino after they got money form their work place or whatso.

If a casino should try such a thing it means that they are planning on shutting down in just a few weeks or perhaps months of them starting their business because even now that something like that is not available gamblers are still using some deceptive means to cheat the casino imagine if they are giventhe oppertunity to bet without them having cash at hand that would result to some outrageous behaviour. I don' t advise any casino to do it has it is going to rekt them.

Assuming you were referring to gambling collecting loans to gamble I might concur that I have see and heard about it although it's not advisable to do such.

Topic: Are there play and pay later casinos? - page 11. (Read 1594 times)