Are there play and pay later casinos? - page 13.

stomachgrowls

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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 company or gambling platforms would really be giving out some chances for you to take up some loan into them or having that financial support on the time that you would be playing.This is why if ever your friend do

tell that never ever taking up some loans or borrowing money, then for sure he does that already specially on the time that you would really be getting addicted to gambling then you would most likely be breaking out
those principles and wouldn't mind on sticking into it as long you could be able to give out that gambling urge or interest inside you. Whether you do know him well and do know on what those advises he had given out
earlier but doesnt mean that those things would be surely be followed after all the years because there are really indeed things which are really that tend to be broken.

If he had some 60k debt on gambling then it is usually be falling down on getting some loans into someone whether on a bank or friends or other sources or he does have those debts on using
up his/her credit cards. This is the only way he could be able to acquire such amount.

goaldigger

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Never heard this before but I think before the casinos allows you to play and pay later there must be a collateral because the casinos knows that winning is very low and there’s a big chance for you to lose the money so why those casinos will allow you to borrow money?

Well, I think this kind of offer are only available to their loyal players, have no idea how this works but its strange to see casinos doing this, its like they are more greedy and encourage those gamblers to gamble more even if they have no money at all.

bittraffic

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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?

He seems to be knowledgeable but you also think he is gullible too?
Just ask him straight you have already sent him messages countless times enough to spook him.

They don't want to obnoxiously take money from people, they will probably avoid the scheme play now and pay later. The house wins all the time and they will realize this scheme is nothing but a robbery.

Casdinyard

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Quote from: Yatsan on May 17, 2023, 02:49:51 AM

Never heard of such. The only aspect which I think is existing and somewhat related with the 'play and pay later' you have mentioned is free spins and other welcome bonuses which allows players to play and have a chance to win without depositing the usual required amount. But an actual aspect which would allow a player to somewhat borrow an amount like a loan to a gambling site, is something which is not familiar on my awareness.

It would only be possible if you'd go through actual lending procedures such as borrowing an amount you can use to play. However, I won't suggest this way still. Imagine losing the money and still with the responsibility of actually paying an amount.

Same here. I know of some casinos who allow credit cards to be used for top up and that's the closest thing you can get from a play and pay later casino, as well as casinos that give you free spins or free rounds whenever you deposit money but no casino in their right minds will employ such tactic. That's just bad for business, coz then every player they had will just have to create new accounts soon as their free games are over or used up and will end up with the casino going bankrupt from all the money that are being paid off from winnings, and the lack of revenue due to everyone one-upping them.

The idea is great don't get us wrong OP, and I suspect that perhaps in the future a casino could employ such campaign, but as it stands today until that problem stated above is solved I don't think casinos will be willing to put themselves at risk like that.

len01

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wait a moment, before i say too far i want to ask. you say your friend has a loan of 60k in gambling, so why don't you ask your friend directly when you say that? i think it's clearer.

and this is my own answer. If there really is gambling that gives loans to a gambler, I think it's fiat gambling, not a gambling site. because gambling is an enterprise that is known to make a profit.
how could someone want to buy goods in large quantities at a large store and pay for them later? just as gambling would not lend anything to the gambler.
but I'm sure it's fiat gambling and maybe your friend goes to the gambling too often so that the gambling owner knows him and gives loans to gamble.
although a little unsure, but what is more certain if you are still curious you can ask your friends directly.

$crypto$

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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 Never heard of gambling but paying later and does this happen with offline casinos? There are also offline casinos where I know they don't lend money to their customers but have to bring money to make bets so the game can start.

Because there are many casino businesses all over the world, it's not surprising that there are rules like this, but I won't deny it because, after all, it will be their rule to apply the system they use to lend to their customers.

But for online casinos it looks like this doesn't exist, they still have to deposit some money to start so there is no rule of making bets but paying later.

Plaguedeath

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It's weird if there's a casino will allow their gambler to gamble with loaned money from them because it will be hard to ask the gambler to payback his loan because he think he's not using his money to gamble. Casino will not use that method to make more money, it will increase a conflict and the team need to handle that's case rather than just focus to serve a high roller to gamble.

Rigon

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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?

I have participated in gambling on many casino platforms. But haven't seen any casino platform that offers loans for gambling. If that were the case, people would participate in gambling by taking loans from the casino platform, where if they lost, they would later leave the gambling platform. Your friend may have said it differently to you but you have understood it differently. Maybe your friend took part in gambling by taking loans from people in offline gambling sessions. I am sure your friend has not participated in gambling on online casino platform.

ethereumhunter

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I don't think any casino will allow one to gamble and pay later because when the loss comes, we've already lost the money. But when we gamble first and then pay later, we can quickly escape the casino and the casinos don't want that to happen. Even if you use a credit card to deposit the money, you still send the money and have to pay for the use of the money at the end of the month.

It will never be advised to borrow money from anywhere to gamble because we will not always be able to win and bring the money home. But what can happen is that we experience defeat while we have to repay the loan. If we don't have the money to pay it, we will accept the risks we were told when we borrowed money.

ultrloa

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Quote from: swogerino on May 17, 2023, 05:36:32 AM

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?

That poses a huge risk on any casino to go broke (I think I have not understood you correctly as it make no sense for the casino) but if you want to use your credit card for gambling there are tones of them to choose from,mostly FIAT casinos of course while crypto ones allow such exchanges for you to use your credit card to buy crypto to play there through their partner providers.

If you mean to borrow money to gamble that is the worst possible idea to think first and then to execute because usually when playing tension-ed with borrowed money you don't think cold headed and most of the time you lose all the money.If this happened to your relative or family friend just tell him to stop as soon as he is in time otherwise it can end really bad for such person.

Yes because for sure to many loan default might happen since they some may think that they had been cheated by the casino so that they will pay more unto them. This is why maybe casino didn't implement this feature since the risk is huge on their side with this idea.

But we can't deny the fact that there are several people still doing this action due to addiction and they think they can return back the amount borrowed if they won on what they play.

AicecreaME

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I don't think there is a casino that is offering pay later feature wherein you can loan a gamble fund to spend.

I'm not sure if they just want to be sure that there will be no loss on their end, or they just want gamblers to be responsible. If it's the former, then casinos just want to prioritize their sure profit and don't want to take the risk of lending money despite having KYC. Perhaps this is also a play safe on their end since they knew that some are not even within their scope to follow up for payments and other necessary measures if ever the gamblers will not comply and pay on time. If it is the latter, then the casino is doing a good job in promoting discipline because as the saying goes, you shouldn't really gamble what you can't afford to lose. If you have no gambling fund allocation in the first place, then you shouldn't gamble since you have no extra budget for it. Prioritizing the needs is important after all.

swogerino

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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?

That poses a huge risk on any casino to go broke (I think I have not understood you correctly as it make no sense for the casino) but if you want to use your credit card for gambling there are tones of them to choose from,mostly FIAT casinos of course while crypto ones allow such exchanges for you to use your credit card to buy crypto to play there through their partner providers.

If you mean to borrow money to gamble that is the worst possible idea to think first and then to execute because usually when playing tension-ed with borrowed money you don't think cold headed and most of the time you lose all the money.If this happened to your relative or family friend just tell him to stop as soon as he is in time otherwise it can end really bad for such person.

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I've only seen it in the movies when some big guy comes to the casino and gets a loan to gamble, but everyone knows who he is and that he can pay it. Maybe it happens in real life, but for mere mortals it will never be an option, because realistically it would be really stupid on the part of any casino. Gambling should be understood as entertainment for what it really is - and not as a way to get rich, although rare individuals will be lucky enough to have that happen to them.

Doan9269

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Quote from: Merit.s on May 17, 2023, 04:01:17 AM

Actually,this is possible with an offline casino but can never be possible with an online casino. Down here in my country,

This may actually be permitted in some countries but yet it is not an official thing they may have to announce to the public that they make such offer, some canake use of anything to serve as qualateral for them when they don't have money to play, while soe may get to gamble due to the familiarity they have developed with the gambling operators which the organization must not know, this mean they are taking the risk on themselves because they know the fellow gambler personally to be someone they can always get reached to whenever things happens the unexpected way.

n0ne

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Gambling platforms just provide rakeback and lossback based on what you've wagered. Most of the online casinos that are getting launched these days have added this feature. This is just a way to console the person who had lost big money in gambling. With the land based casinos even this isn't available. Play and pay later is new to me.

Gambling sites providing loan is not at all possible. Just think, on what basis the loan will be provided. Even if collateral is submitted providing loans for the purpose of gambling isn't possible. Maybe in the future we can find financial service providers making tie-up with gambling platforms to enable such kind of inbuilt features within the platform and easily make users get into debts.

Merit.s

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Actually,this is possible with an offline casino but can never be possible with an online casino. Down here in my country, it happens as I have seen it. My friend's younger brother is a core gambler,and he loves playing virtual games. There was a period of time that he was on his lucky days,he won very big and will lavish it within one week in the same casino. He continued like that and he keeps winning and losing,so he became to good trusted customer,and they started allowing to play in credit and pay back at an agreed time. It was working for him at first and everything was going smoothly.
His luck days passed and after losing all his funds he played a huge sum to pay back later. He gambled again from the casino without paying and the casino noticed that he hasn't won any game for two weeks,and his debt have pilled up. They decided to stop allowing to play anymore in the casino and asked him to pay up his debt with a given period of time,he couldn't and he was arrested by the casino. This was how we knew what was going on between the casino and him.

Doan9269

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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?

A gambling casino can't loan you to gamble on their site because it will not help their system, tgey are called a gambling platform and bit a loan scheme, they will prefer you go to other loan platforms abd get wuch to use the money for gambling which is not a good idea at all, we have many gamblers they may take loan and refused to pay back due to some circumstances unavoidable, that is why you have to gamble with your own personal money from the income you made than taking a loan that turns a problem on you if you don't win, that's why many opt on for gambling bonuses and referral bonus if they needed to gamble for free when they are not having money.

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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?

He had already gone too far and he learned his lesson the hard way.
It could be in traditional casinos or gambling places where sometimes they let players play off until debt and that's the worst thing that a gambler could do. He might probably took a load so he can take it in online gambling sites. Regardless, it's too bad for him. Let this be a lesson for others to gamble responsibly. And if you're already in a rut place like this, just know that you are not what happened to you, you are what you are going to do about it. Take the lesson and be more accountable for taking risks the next time.

lionheart78

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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?

Gambling Casinos is a business so they won't let you play when you don't have funds or money. It is either your friend used his credit card or he borrowed money from someone else. Your older friend just stated that he owed money so obviously he borrowed funds to play. So gambling debt is impossible if the person doesn't take any loan or borrowed money from someone else.

We might be guessing here why your friend owed money in gambling but if you really want the correct answer, even though you are a bit hesitant, I think it is ok to ask information why our older friend got into debt.

Solosanz

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Never heard of it, but I believe it might happen on offline casino where you're have a collateral or they have asked various KYC, so they can take an action in case you're not want to pay your debt. It's impossible to happen on online casino because someone can use someone bank account, submit fake KYC and other thing. However I think a good casino shouldn't allow this because if a gambler don't have money and still want to gamble, it's a sign of gambling addiction.

Topic: Are there play and pay later casinos? - page 13. (Read 1602 times)