Topic: Are there play and pay later casinos? - page 3. (Read 1608 times)

It would really be that risky on their part. Thinking up again on how they would really be verifying into those people who do bound to copy? How they would really be able to
find out and how they would be able to give out those loans or borrowed funds? Just like on whats been said above that on how they would really be able to apply this one if ever it would be available.
There's no way that they could get some valid colateral and theres no way that they could get that security at least on the time that they wont really be getting repaid.
You cant just have a business that you would really be giving out that opportunity of those users to be the ones who would bankrupt out your business.

I've never heard of physical casinos playing and paying later, even if they exist, of course there will be items that will be pawned or changed ownership, except for online sites that offer free bonuses for their users, of course there are, but if it's physical gambling, I've never heard of it, except The owner of the casino really believes in his customer and gives him special privileges

Well, if it's true, I was wondering that, I think it's a very new way of doing things, or unless they are people who have all your data and KYC of a very improeisnant and who commits to the casino to make some payments,, And this has legal weight where they are playing, in the 'country' if they are together or else there is an embargo or something like that, is that the way I see, but if not, how can it be done? Because if it is not as you say, that only the Winners will pay, then if this system is not that way, I do not know how I could survive, I personally have many doubts, because we are accustomed to London, because a deposit is made in the site and then a KYC is done, although I am one of those who think that Whenever something is done so that they can turn out well, it means having the power to do things well, and it would be better if you really Risk this type of thing I admire them, for me they are pioneers and work at very high risk, I would not take on something like that , because it is not my style, as I said before, I am accustomed to doing things differently.

  Now when we are in a casino we always look for Ways to do Things Differently , I always look for things to do, for example making sure that it is an old casino and trust it, otherwise I don't risk anything, in fact I only I do KYC in casinos that are Reliable,  that's why I Always distrust casinos that are very new, I don't trust them because there have been cases that are very Scam and that is something that we should avoid, for that reason when we are doing Something Any in a casino we must know what we are not getting into, we cannot do things with different systems, in fact this is something very new for me , because in the casinos that are foisicoms things are much more direct, it is to enter, bet , win , withdrawal,  and now , something very Different is being raised here.

When it comes to play and pay later casinos whether offline or online then it wont really be that just possible on which it would really be just that normal that they wont really be considering on letting someone do able to play without using their own funds but rather they do have those kind of borrowing on which we do know that this isnt something that they would really be able to do so.
They are business and not some sort of charity or those kind of platforms on which they would really be that having those plans on letting someone funded up with some borrowed money
because once those fellas do able to hit up some wins then there's no way that you could be able to avoid those payment but well they would be able to pay up those borrowed
funds but on the time that they would lost then what would happen?

For sure as an owner you would really be having that kind of problem on which you would really be asking for some repaying those borrowed funds.
What would be your assurance that those fellas would be repaying on what they had borrowed?

There's no casino like that; yes, the concept of play now, pay later could be possible, but in casinos, I don't think there is a site that will offer that kind of service because it's too risky for the owner of the site and also for the gambler. Its risky for the site because the gambler might run away from its debt. Yes,  the casino might put a KYC so that they know who and what the gambler is, but when the time comes that the gambler runs away, it will be a hassle process. They will need to cover expenses for legal actions, and it could affect their business. It could be risky and dangerous to the customer because they could not notice how much debt they are in, and the worst is that they will have the mindset of not being aware of or taking care of their debt as long as they are playing. So this kind of service or concept might be impossible in a casino.

How would such a casino work? Unless maybe they have an ID on you or something because what if you lose and never show up again? In fact I’d say that such a casino would crash because the money that is used in paying people are the ones that others lose. So if people start paying later, you’ll definitely start paying winners later and that doesn’t make sense. I don’t think such casino exists and if it does, I’d really like to hear how they operate without failing.

As long as they are not really in debt and faced with problems related to debts that must be paid, they will never be able to have this awareness, especially when there are still places or people who accept them or give them loans.
Obviously people like this will only make themselves worse in the long run, they will only make themselves face complicated matter which I sure is very difficult to resolve because it is related to finances and can multiply according to the interest charged.
But on the other hand, they really underestimate all the problems that can arise and they will think that they will still be able to pay it off if they win, and they have fantasized too much.
Winning is not an achievement that can be easily achieved and relying on gambling to pay off debts or earn money is quite stupid thought.

Just imagine that we all know that gambling can cost lot of money in short time and if they gamble with the money they owe then it is clear that they will spend lot of their debt in gambling.
From here they have an obligation to pay but their income is not commensurate with the amount of money borrowed, in the end they will actually sell valuables just to pay off the debt.

Just like the case that previously occurred in the country I live in, where young man was addicted to gambling and had lot of debt, he sold some of his parents assets to pay the debt and gambling capital.
He works but the results of his work will only be used up in few days on the gambling site whereas he gambles almost every day.

Gamblers who often borrow money may become bolder in borrowing money, but they don't realize that it will only make their debts increase, and they will have difficulty paying their debts. Borrowing money will become a new habit. They will continue to try to get loans from many other people and will not see the total amount of debt from how many people. Those gamblers will underestimate how to repay the borrowed money because they think they can return all the money they borrowed at once when they can win big from gambling. But it will not be as they imagine because in gambling, there are many moments where they will experience losses, which could increase. For this reason, every gambler who still frequently gambles should be able to prevent themselves from borrowing money from other people so that they will encounter difficulties later.

Borrowing money only adds to their burden because they have to pay back the borrowed money, whereas if the borrowed money is used for gambling, they may not necessarily be able to win. And when they lose at gambling, they have no money and will have difficulty paying back their debts. This is a risk that gamblers should know and try to avoid, so they should be able to allocate a certain amount of money for gambling and never borrow money from anyone. Those who have encountered this difficulty should be able to realize their mistake because they have taken a loan from someone else, so they must try to repay the debt first, and then they can make a plan to allocate funds for gambling.

Yes, that is a risk that lenders will accept from gamblers because it is unlikely that the gamblers who borrow the money will be able to return the money if they don't win a large amount. We have seen many cases of debts that one friend cannot return to another friend, which makes their friendship uncomfortable. And some involve their families to return the loan money to the lender. If the family can repay the debt, that's fine, but the problem is that many families don't know anything about the debt of one of their family members so the family also finds it difficult to pay the debt.

There have been many cases where money borrowers will always avoid meeting with the lender where the lender is also a friend. Their friendship will no longer be good because of the debt so they will become distant. I will also give loans to my friends if they need funds for emergency needs because I realize that we can be in the same situation so I need to help him when he needs my help.

I like the lending system of loan sharks even though their side is very profitable but they do not provide loans without collateral, the lending system is similar to pawning in that they will hold goods as collateral for collateral if the borrower cannot repay the loan, but on average borrowers will pawn their belongings because they need more money for betting, yes they are like selling cheap goods to loan sharks.

But some gamblers look for another solution to ask friends for loans because they will give some loans without collateral, but the amount of the loan given will not match the expected amount of money because the gambler does not provide collateral for the lender.

Typically on loan inside the casino usually have an immediate collateral required to have access to quick loan. Not on a casino but from the loan shark inside. They usually ask for valuable things such jewelry, car key or house title that incorporates quick agreement for the loan. Loan shark works smart now unlike before that they are just using force to protect themselves.

But if you are just talking about the casual loan from person that you knew then of course the reputation is only on the line as collateral for this kind of loan just like how the loaning system works in the forum. It’s not bad to a loan a gambler if he can provide a collateral to cover his loan. Some loan shark inside the casino gain huge profit on this kind of business tho.

It's not going to work.

If this implemented in offline casino, it won't be accepted because you're gamble more than what you can afford to lose, a legal offline casino is really strict when it comes to regulation and laws.

If this implemented in online casino, the casino won't survive because there's always people will try to find the loopholes and make the sites rekt. Creating multiple accounts with fake identity is one of the example.

But did you know that lending money to gamblers is very risky because your loan will not be repaid, even though you have lent money to your friend but you have not printed proof of the loan that is legally valid, there is no guarantee that your friend will pay the loan, even if you ask for a loan to his family and his family cannot be used as collateral to guarantee repayment of the loan, unless your friend is an honest and good person who will pay his loan on time.

I have seen similar cases, borrowers will avoid all payment problems and they will even break their friendship with you to avoid loan problems. However, I also give loans to friends but are not tied to gambling purposes and I will help with loans if they need funds for emergency purposes.

There is loss where this loss is an influence on the habit of borrowing money.
Those gamblers who have borrowed money to continue their gambling sessions will clearly have an opportunity or percentage where they are more frequent or bolder in borrowing.
When they are in state of urgency or lack of betting capital, they will use the borrowing option and this is quite significant impact of this attitude.
Gamblers will feel that they are getting it easy and they underestimate the risks of what they are doing, what is worse is that they can have lots of places where they can borrow money and in the end will only be trapped by all the debt.

Obviously borrowing money is not solution but rather an approach to the risks they will face, maybe they are gambling addict and when they decide to borrow some money the problem that arises is not just about addiction but also the problem of debt that must be paid.
They cannot realize everything if they have never encountered or experienced difficulties due to problems that occur as result of such mistakes.

I have this friend of mine who has a business, in which he has co investors and he is the one who handles the money deposited by the people who trusted him, Unfortunately, that person tried to gamble and in an instant, the money suddenly disappeared in his possession, He used the money of the people who trusted him to gamble, so what happened was that he was faced with many problems and debts, and until now that person is still hiding because he does not seem to have anything to show to the people who are looking for him. When I saw what happened to that person, I thought more that people really need a knowledge on the proper way of handling money, we must know how to discipline ourselves especially if we know the possible consequences if we let do things that aren't supposed to do.

They will not think about the dark side of gambling because other people's wins have covered it that they know about, so they just want to get that win. Yes, they will still think that they can win from gambling and if they gamble because they borrow money, they can return all the borrowed money when they win big. But what happens is not according to what they imagined because gambling will only take all their money without anything left, so they can only regret it because they have lost all their money, including the loan money.

The person who lends the money will charge the person who borrowed the money. If he doesn't find the person who borrowed the money, they will ask one of his family members so that the loan problem will be known to the people in his house, and that will cause problems for his family. But when the person who borrowed the money can pay back the loan, the person who borrowed the money can still hide the problem of the loan.

In most cases, gamblers only see the bright side of the gambling and that is the winning big amount through gambling. They somehow do not consider the other dark side of gambling where they can lose money in the blink of a second too. Keep the expectations high, the gamblers would take the loan thinking that they will for sure win and return the loan easily but in most cases the opposite of this happens. Those gambler not only losses in gambling but at the same time, unable to return the loan too.



Even if the gambling addict hides the fact that he has borrowed the money, sooner or later this will be revealed. As long as the gambler takes the loan and wins and then returns the loan, this can remain a secret but when he is at a loss, then the person who has given him the loan will demand the money from him and if he refuses to payback or delay, he may come to his family members or near ones to enforce him to pay back the loan on time. So it will be a moment of embarrassment for the gambler.

Those who have borrowed money to gamble should be able to see the advantages and disadvantages. They should be able to see that the losses will outweigh the benefits so they don't have to do it anymore. They should gamble with their own money rather than borrow money from other people, where when they lose, they have to return the money to someone else. However, there may be gambling addicts who still borrow money from other people to finance their gambling activities because they think that is the best way for them to have money to gamble. Maybe they can win but also lose, depending on their ability and luck. And if they lose more often, they only get into more trouble from borrowing the money. And it is not a solution to continue gambling by borrowing money from other people. If that really happens, the ones who have to bear it are their families and maybe some families have already returned the borrowed money because gambling addicts usually never tell other people if they have borrowed money.

I don't know about paying in casino games but it's a bad habit like gambling with weird debts that never gets into a good gambler. Even if the casino is good, not all gamblers have a chance to win and not all casinos pay out. If you don't have the money you need if you don't pay the loan on time you will face more problems. Even if you want to it is not possible to bring back the loss that will be incurred while involved in the loan.

I'm kind of weirded out by this question, I don't even think that it's logical for a casino to do that kind of stuff maybe if they're also running a loan business on the side then they can probably do just that or if the casino is the illegal kind of casino that does loansharking then you can say that yes there's casinos that are doing what you're asking. It's not really bad for a casino to do that because if they approach and deal with it correctly, they can double or even triple their profit from their patrons.

I've never seen such but I do know that people like using their debit cards to gamble and they end up in huge debt that they may never end up paying, that's why using debit cards to gamble in some countries got banned.

There is no casinos that allow gamblers to gamble and pay later, they knew that it's not good for business, some gamblers who end up in debt borrowed money from close relatives or friends, and they don't always pay back.

Ask yourself, if you build a casino will you allow people to play on debt? You know it will be very bad for your business, in a short period of time you will end up closing the casino down, due to lots of debt.