Are there play and pay later casinos? - page 7.

TimeTeller

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Quote from: seleme on May 27, 2023, 04:32:51 PM

Lol. Never heard about such a concept, maybe it is possible with special promotions offered by casino management.
It is not something people's life should depend on, so I can't see the reason why some people think it is necessary to have "play and pay later" casinos.
Maybe taking a loan can be the next easy alternative to this concept since it is easy to get one-click loans thanks to today's online banking apps.

Taking a loan outside the casino, yes, that's possible. But within the casino itself, nope.
Never heard that as well. Their business is gambling and not a lending company.
So as much as possible, they want cash flowing in and not flowing out.
I don't think any casino would offer loan services to their players. Hence, we have never heard such offer from them.
But you can definitely take a loan outside, like in banks, family, colleagues and other online loan apps.

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Lol. Never heard about such a concept, maybe it is possible with special promotions offered by casino management.
It is not something people's life should depend on, so I can't see the reason why some people think it is necessary to have "play and pay later" casinos.
Maybe taking a loan can be the next easy alternative to this concept since it is easy to get one-click loans thanks to today's online banking apps.

darewaller

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Quote from: iv4n on May 25, 2023, 02:38:42 AM

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?

And what is with "gamble with the money you can afford to lose"!? If you are taking a loan for gambling it means that you can't afford to gamble...

One way or another you "owe" to someone... depending on circumstances the interest can be lower or higher, and collectors can be pretty different, it's not good to owe money to some people.

Simply said, don't even think about "playing and paying" later. We are talking about gambling here, things can escalate pretty quickly, in the wrong way of course.

What if the loan amount is still small and within their capacity? And the reason why they took a loan is they can not wait to play anymore but it does not mean that they already lose earlier. It's just their urge to play a gambling unexpectedly kicks in. Borrowing small amounts of money should came up with smaller interest but the higher the amount the higher the interest as well.

IMO it's not bad to owe someone else money but as long as you are going to pay them on the designated time so that no hard feelings are going to be felt and nothing bad will happen to you because some people doesn't have a long patience and they might do a revenge eventually.

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Quote from: Doan9269 on May 25, 2023, 05:21:50 AM

I can see that some gamblers are so relaxed and finds it a convenient thing to do by going into taking loans and later be running helter and scelter to payback and their creditors also chasing after them everyday, for how long are we going to wise up and wake from this slumber, if you don't have money must you then go against your wish in taking loan that may put you in trouble and always be in debt, life is simple but many don't make it simple for themselves.

They may feel they can repay the loan even if they have to run helter-skelter to repay it. But it would not be a good suggestion to take out a loan because, after all, we use the money to gamble, so using a credit card can make us forget to stop. And that is a debt that we must pay to creditors, and the amount may exceed the credit card limit. And if that happens, we can be fined, and if we don't have the money to repay the loan, we will have a hard time. So it's better to use the money we can afford to gamble and not think about getting a bonus by linking your credit card.

Rabata

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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 haven't found any gambling site that can give loan to gamble. Any bank can give me a conditional loan if I do any job or I can get it using a credit card. But I don't know if there is any site where I will play with loan and pay later.

In gambling one should never gamble without own money. Betting with money that you are afraid to lose. Gambling with any kind of loan means inviting danger. Any person who gambles with a credit card or loan in any way will be destroyed. Gambling is never acceptable because they consider it as a source of income. Loans are usually somewhat time-consuming, but when a gambler loses a gamble, it may take less than a second to lose the loan amount. A gambler can enjoy gambling as long as he has his own money but there is no value in gambling with borrowed money which can lead to ruin in his life.

Doan9269

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I can see that some gamblers are so relaxed and finds it a convenient thing to do by going into taking loans and later be running helter and scelter to payback and their creditors also chasing after them everyday, for how long are we going to wise up and wake from this slumber, if you don't have money must you then go against your wish in taking loan that may put you in trouble and always be in debt, life is simple but many don't make it simple for themselves.

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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?

And what is with "gamble with the money you can afford to lose"!? If you are taking a loan for gambling it means that you can't afford to gamble...

One way or another you "owe" to someone... depending on circumstances the interest can be lower or higher, and collectors can be pretty different, it's not good to owe money to some people.

Simply said, don't even think about "playing and paying" later. We are talking about gambling here, things can escalate pretty quickly, in the wrong way of course.

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Quote from: SirLancelot on May 23, 2023, 03:49:44 PM

Quote from: Silberman on May 21, 2023, 02:38:09 PM

Besides even if a casino wanted to offer this service to their clients it will immediately be seen as some sort of predatory tactic against the most vulnerable gamblers, so if you think about it doing such a thing is very bad idea for online casinos, as the person asking for the loan could also be at the other side of the world and it could become impossible to recover the money they have loaned to them, besides casinos are so successful already that I do not see them taking such an additional risk when they do not really have any reason to do so.

Casinos or their managements are basically not crazy or mad to give away loans to gamblers without any gain for themselves and allow them to use the loan and get away without paying it or anything of its equivalent. No one in the world would give a loan to someone they don't personally know without collateral that can be liquidated in case the loan defaults.

If casinos start offering loans, they will surely have a system where a person cannot just take a loan for free, gamble it away and sign out from the platform and that's it. They will probably ask for something as collateral for the loan so that the borrower doesn't default.

And since this is so complicated to do online then this basically guarantees that we are never going to see something like this implemented by online casinos, now physical casinos can do something like this as they can ask for the documents of the gambler and a collateral, and with the appropriate use of lawyers then they can do this, still I think we should consider ourselves lucky this is not possible online, as if it was possible it would not surprise me if a great deal of people lost whatever wealth they have built over the years due to those policies.

Lanatsa

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Quote from: btc_angela on May 23, 2023, 03:49:33 PM

Quote from: DaNNy001 on May 23, 2023, 01:23:22 PM

Quote from: o48o on May 22, 2023, 05:50:30 PM

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

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

I am not sure how regular your friend was in there but big spenders that come back regularly probably have some credit in some physical casinos where you can even get to know the staff. I know that there's a team following big spenders and it just serves casino's interest to give them credit so they keep on playing. As they know they are good for it later.

Then there's obviously credit card i can use, but regular guys would be laughed out from the casino if they started to ask about loan for gambling.

I think thats exactly the way most physical casino over here in my region actually operate and I believe it to be a general thing because if a customer keeps patronizing a casino and he well known on his huge spending, the staff and the management, I think will probably allow him to play on credit because he sure contributes a certain percent to the growth of the casino and he is guaranteed to pay since he alway plays in that casino but denying him can lure him to another casino and will result to a potential loss for the casino.

Yes, I don't think that there physical casinos that operate in that business model, the pay later scheme. However, there could be some casinos that are willing to give some players money to play specially if they are considered big whales.

Another might be that there is some sort of individuals inside the casino itself, it could be legal or illegal, who lend people some money, we call it financier. I have seen that in our traditional based casino many years ago and I think up to this day, this kind of individuals still exist. For sure this kind of people are very powerful and could be sort of mafia like group because if you don't pay, you know what's going to happen you to. And most likely it's going to be a loan shark percentage.

Online or Physical, there would be no casinos would be offering this one unless if you are some sort of loyal customer or would really be a VIP or some sort of whale on which the management might be able to

consider out such request but for most cases or typical stuff, they cant really be just having that kind of opportunity to be given into its users. No business would really be putting themselves on huge risks.

Just like on what been mentioned by some users that if they would be granting some funds for people to play then they are really just simply giving the people on having chances on winning against the casino
which this is something that we dont really like as an owner. This is why it is really just that a crazy idea that you would be applying this kind of stuff on which you do know that it could put up the business
at risks or something like this.So this kind of idea doesnt really have any sense because it cant really be given out into users who do tend to gamble and make some advance funds. lol

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Quote from: SirLancelot on May 23, 2023, 03:49:44 PM

If casinos start offering loans, they will surely have a system where a person cannot just take a loan for free, gamble it away and sign out from the platform and that's it. They will probably ask for something as collateral for the loan so that the borrower doesn't default.

Usually, the collaterals are expensive watches, and if they have a car, they can accept it as collateral all they have to do is to sign a contract that they are giving their car as collateral, so gambling addicts fall into this they are deep in debt because if you're a high roller they can give you a special loan and your expensive belongings as your collaterals.
It's not really play and pay later its giving loan to compulsive gamblers.

SirLancelot

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Quote from: Silberman on May 21, 2023, 02:38:09 PM

Quote from: Helena Yu on May 21, 2023, 08:06:50 AM

Quote from: tusandii on May 21, 2023, 07:59:22 AM

By the way, if online casinos can provide loans, even if the amount is small, it can make gamblers more loyal and at least gamblers can stay longer at the online casino to continue the game session. Grin

That's a way the casino will bankrupt ASAP because there are many abusers are want to make money from casino. We have seen so many people are taking advantage over welcome bonus, promotion, or contest, it's actually used to attract new people. But those people will trying to find a loophole to able beat the requirement or minimum amount to withdraw.

Besides even if a casino wanted to offer this service to their clients it will immediately be seen as some sort of predatory tactic against the most vulnerable gamblers, so if you think about it doing such a thing is very bad idea for online casinos, as the person asking for the loan could also be at the other side of the world and it could become impossible to recover the money they have loaned to them, besides casinos are so successful already that I do not see them taking such an additional risk when they do not really have any reason to do so.

Casinos or their managements are basically not crazy or mad to give away loans to gamblers without any gain for themselves and allow them to use the loan and get away without paying it or anything of its equivalent. No one in the world would give a loan to someone they don't personally know without collateral that can be liquidated in case the loan defaults.

If casinos start offering loans, they will surely have a system where a person cannot just take a loan for free, gamble it away and sign out from the platform and that's it. They will probably ask for something as collateral for the loan so that the borrower doesn't default.

btc_angela

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Quote from: DaNNy001 on May 23, 2023, 01:23:22 PM

Quote from: o48o on May 22, 2023, 05:50:30 PM

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

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

I am not sure how regular your friend was in there but big spenders that come back regularly probably have some credit in some physical casinos where you can even get to know the staff. I know that there's a team following big spenders and it just serves casino's interest to give them credit so they keep on playing. As they know they are good for it later.

Then there's obviously credit card i can use, but regular guys would be laughed out from the casino if they started to ask about loan for gambling.

I think thats exactly the way most physical casino over here in my region actually operate and I believe it to be a general thing because if a customer keeps patronizing a casino and he well known on his huge spending, the staff and the management, I think will probably allow him to play on credit because he sure contributes a certain percent to the growth of the casino and he is guaranteed to pay since he alway plays in that casino but denying him can lure him to another casino and will result to a potential loss for the casino.

Yes, I don't think that there physical casinos that operate in that business model, the pay later scheme. However, there could be some casinos that are willing to give some players money to play specially if they are considered big whales.

Another might be that there is some sort of individuals inside the casino itself, it could be legal or illegal, who lend people some money, we call it financier. I have seen that in our traditional based casino many years ago and I think up to this day, this kind of individuals still exist. For sure this kind of people are very powerful and could be sort of mafia like group because if you don't pay, you know what's going to happen you to. And most likely it's going to be a loan shark percentage.

DaNNy001

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Quote from: o48o on May 22, 2023, 05:50:30 PM

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

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

I am not sure how regular your friend was in there but big spenders that come back regularly probably have some credit in some physical casinos where you can even get to know the staff. I know that there's a team following big spenders and it just serves casino's interest to give them credit so they keep on playing. As they know they are good for it later.

Then there's obviously credit card i can use, but regular guys would be laughed out from the casino if they started to ask about loan for gambling.

I think thats exactly the way most physical casino over here in my region actually operate and I believe it to be a general thing because if a customer keeps patronizing a casino and he well known on his huge spending, the staff and the management, I think will probably allow him to play on credit because he sure contributes a certain percent to the growth of the casino and he is guaranteed to pay since he alway plays in that casino but denying him can lure him to another casino and will result to a potential loss for the casino.

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Quote from: o48o on May 22, 2023, 05:50:30 PM

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

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

I am not sure how regular your friend was in there but big spenders that come back regularly probably have some credit in some physical casinos where you can even get to know the staff. I know that there's a team following big spenders and it just serves casino's interest to give them credit so they keep on playing. As they know they are good for it later.

Then there's obviously credit card i can use, but regular guys would be laughed out from the casino if they started to ask about loan for gambling.

There is the big difference between asking for credit to your bank and asking for credit to a casino. The banks have a better understanding on your spending habits and credit score. Legally, I do not think they can share that personal information to casinos, so the latter ones are supposed to do their own research on you from the beginning and determine your credit score by their own.

Both the bank and the casino wants you to pay back, one asks for money in interest rates and the other one based on your bad luck. Better just to stick to debit/Bitcoin and not ask for credit to gamble, unless you filthy rich, imo.

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Quote from: aioc on May 23, 2023, 10:36:00 AM

Quote from: o48o on May 22, 2023, 05:50:30 PM

Then there's obviously credit card i can use, but regular guys would be laughed out from the casino if they started to ask about loan for gambling.

No there are physical casinos that open a credit line to their high rollers in the form of IOU contract, besides the many loan sharks in the casino, that is why it's so risky going in a casino alone because if you lose and you want to continue no one will stop you or control from going to loan sharks or from signing a loan contract, physical casinos want you to continue gambling that is why they offer this loan contract, but they can only give this to their VIPs and clients who are very well known by the casino.

TTo be honest, I've never been to a physical casino, but I've often seen it in movies where when gambling at a physical casino there are always loan sharks to lend money to gamblers who lose and run out of money, usually gamblers will borrow money and pay later when they win, but the fact is gamblers will always lose, that's how the physical casino system works, that's why I always play at online casinos because I won't be tempted to borrow money from moneylenders to play gambling.

Always make sure that I have to stop when gambling has exceeded the daily budget because if I continue playing it would be tantamount to causing me to lose and lose even more money, after all, don't play casinos if you don't have money let alone borrow from loan sharks, I suggest you never do it That, Wink

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Quote from: aioc on May 23, 2023, 10:36:00 AM

Quote from: o48o on May 22, 2023, 05:50:30 PM

Then there's obviously credit card i can use, but regular guys would be laughed out from the casino if they started to ask about loan for gambling.

No there are physical casinos that open a credit line to their high rollers in the form of IOU contract, besides the many loan sharks in the casino, that is why it's so risky going in a casino alone because if you lose and you want to continue no one will stop you or control from going to loan sharks or from signing a loan contract, physical casinos want you to continue gambling that is why they offer this loan contract, but they can only give this to their VIPs and clients who are very well known by the casino.

I was very surprised to hear this honestly. After seeing the post I was like "why would a casino offer loan to their customer except promotional activities?" But I see through now. If you are loyal, good customer that doesn't cause issue to them, they may offer you that kind of service. I don't think it is necessarily evil thing. Its more like offering some good customer cash. Everyone would obviously laugh at regular person just going to place and "why dont you give me loan so I can continue?"
I also thought that casinos may strike deal with banks for advertisement purposes. Bank gets new customer, casino gets more money etc.

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Quote from: o48o on May 22, 2023, 05:50:30 PM

Then there's obviously credit card i can use, but regular guys would be laughed out from the casino if they started to ask about loan for gambling.

No there are physical casinos that open a credit line to their high rollers in the form of IOU contract, besides the many loan sharks in the casino, that is why it's so risky going in a casino alone because if you lose and you want to continue no one will stop you or control from going to loan sharks or from signing a loan contract, physical casinos want you to continue gambling that is why they offer this loan contract, but they can only give this to their VIPs and clients who are very well known by the casino.

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The casino won't allow sure have a loan without collateral if you are meaning with the deposits and have some delay of it due to transactions confirmation it's allow but in the part of making a deposit and pay later seems quite impossible without a collateral or confirmation for example in the card the casino allowing the card payment and pay later there's a chance that's the card get declined and that case possible the player already losses a lot of money it's not a win-win situation for the casino. We cannot neglect the possibility people abuse the system.
Just don't gamble if you don't have money.

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

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

I am not sure how regular your friend was in there but big spenders that come back regularly probably have some credit in some physical casinos where you can even get to know the staff. I know that there's a team following big spenders and it just serves casino's interest to give them credit so they keep on playing. As they know they are good for it later.

Then there's obviously credit card i can use, but regular guys would be laughed out from the casino if they started to ask about loan for gambling.

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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.

Isn't that the casino want's? For people to become addicted in gambling because it also means that they spend more money in the game? Gamblers that are involve and their relatives can blame the casino but this is only normal and it was not their fault. Why would the gambler end up in jail if they lose all their money?

I think you are thinking too advanced. There is still a way that a gambler can pay his credit. If in case they can't pay it, I still don't think that they will go straight in jail but it does not mean that people will now abuse borrowing money. There are still players left even without these gambling addicts but the casino's income will still be affected drastically.

Topic: Are there play and pay later casinos? - page 7. (Read 1602 times)