Are there play and pay later casinos? - page 8.

TimeTeller

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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.

In short, this feature won't exist in casinos given so many possible negative effect on their business.
I don't think these gambling sites will offer such loan feature to their players, never heard this among gambling sites anyway.
Expect that there will be abusers if such system exists. They are here for business not to be bankrupted by abusers.
They may recommend third party lending sites but not within the gambling site itself. We all know that a lot of gamblers are deep with their debts.
If these gamblers can't pay, they will be the major cause of the downfall of the site. Thus, gambling sites won't offer such services.

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Quote from: BitcoinAccepted on May 21, 2023, 02:51:02 PM

Technically, all casinos basically work like this. Since no online casino pays out immediately when requesting a withdrawal. They all do everything to delay the payout as long as possible. But pay and play casinos have a good concept, only online I would not dare to do this. Then you would better try your chances in a physical casino, I think you have more chance there and you will at least be paid fairly and neatly that way. But online gambling is of course accessible.

You took it wrongly. He meant as in he'd be allowed to play first before paying for the tokens/currencies he'll use in order to gamble, which is just non-existent in this industry because it's bad for business. As I said in a previous comment, the closest OP could get to a play-and-pay later casino is if the casino he's looking to play in allows the use of credit cards, which is aplenty in this industry, but the responsibility of charging you the payment now lies in the bank and not the site. And of course it harbors the risk of inducing gambling addiction since now you're feeling like you can gamble all you want, since you can "pay off the credit anyway later" but you'd never realize how massively it compounds in the process.

BitcoinAccepted

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Technically, all casinos basically work like this. Since no online casino pays out immediately when requesting a withdrawal. They all do everything to delay the payout as long as possible. But pay and play casinos have a good concept, only online I would not dare to do this. Then you would better try your chances in a physical casino, I think you have more chance there and you will at least be paid fairly and neatly that way. But online gambling is of course accessible.

Silberman

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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.

Helena Yu

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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.

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Quote from: TheGreatPython on May 21, 2023, 07:41:49 AM

Quote from: Bitcoin_people on May 19, 2023, 05:31:12 PM

-snip-

Maybe he was not gambling in an online platform and was using a land-based casino and maybe they provide loans to their loyal customers that they can pay later if they lose or repay it back right at that time if they manage to win with the borrowed money. I'm not sure if that's the case but it is a scenario that could be.

Land-based casinos offer a lot of benefits and stuff to their loyal and high-rolling customers and I've heard this a lot, sometimes hotel rooms, free dinners, and many other things, so maybe providing loans is also one of their options.

For wealthy gamblers who have reputable names, maybe land casinos will provide these facilities because there are guarantees and benefits that can also be obtained, but it needs to be underlined that these facilities cannot be obtained by all gamblers who play at land casinos.
Gamblers who get this facility will also feel happy to the point of becoming loyal customers who are willing to spend large amounts of money playing there.
Regarding lending money given by the casino, it is actually an agreement between the dealer or the casino owner for gamblers because usually this kind of thing is very risky for both parties.

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

TheGreatPython

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Quote from: Bitcoin_people on May 19, 2023, 05:31:12 PM

As far as I know various gambling and casino platforms do not offer any gambling loans. I have seen many gambling sites that do not have such facilities or have never heard of any platform offering such loans. Of course, in order to gamble in all casino platforms, you have to make a deposit first and then you can place bets. As far as I can see your friend may have added a credit card or debit card to some casino platform due to which he was able to borrow from there. or it could be that he took a loan from a bank. He later made a deposit on the casino platform and he gambled and won the bet. This is likely because a gambler has no qualms about taking on debt when he becomes addicted to gambling. Maybe it could be that your friend has taken a loan from someone but you don't know about it.

Maybe he was not gambling in an online platform and was using a land-based casino and maybe they provide loans to their loyal customers that they can pay later if they lose or repay it back right at that time if they manage to win with the borrowed money. I'm not sure if that's the case but it is a scenario that could be.

Land-based casinos offer a lot of benefits and stuff to their loyal and high-rolling customers and I've heard this a lot, sometimes hotel rooms, free dinners, and many other things, so maybe providing loans is also one of their options.

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Quote from: Sanitough on May 20, 2023, 01:40:27 PM

Never heard such like that. You can only gamble if you have your cash on hand or credit card that you can use to pay and play online. But if ever it’s really happening, I don’t think it’s a good idea for new gamblers as it can only trigger gambling addiction because gamblers will always see opportunities to gamble regardless if they don’t have the money to play the game. Furthermore, it will only makes a gambler more drown into debt as they will always see it as an irresistible offer that they might only regret if they lost the chance.

using a credit card for gambling is also not the best way because it has a bad effect in the long run. someone who gambles pays later using a credit card will definitely continue to come to gambling because he thinks he can be paid using a credit card guarantee. the situation will be very different if you gamble using money because if you gamble using direct money, you always think about the money you have saved, is there still any, but if you gamble, pay later using a credit card guarantee. too much and his life will be ruined.

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Quote from: harizen on May 19, 2023, 06:59:15 PM

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..

I don't think most banks will allow that form of transaction where credit or sort of pay later can be used at casino platforms.

Gambling is one of the services that credit cards won't entertain as valid transaction. Just imagine the number of possible issues that the bank can face if they will allow using credit cards on gambling sites such as fraud, chargeback, authorization issues, etc.

The casino itself I believed won't also allow that kind of transaction. If users don't have money, then don't gamble.

Exactly. I don't think it's possible for online casino to use credit cards to be able to gamble unless we're talking about physical casino whereas it might be allowed specifically for their loyal clients.

Anyway, for me it's not wise for a casino to implement a feature to play now, and play later because as we know casino is a business. So if you have no money to gamble then they will let you to play first and then let's say you lose, how can you repay the money? If to begin with you have nothing. It can only cause more problem like debts and addiction. Hence if you have no money refrain yourself from playing and don't take loan just to gamble because it's not a good idea.

Hispo

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Quote from: Doan9269 on May 20, 2023, 07:18:38 AM

Quote from: Hispo on May 19, 2023, 06:17:12 PM

I do not think I have ever heard about this concept. I have heard before about whales in Las Vegas who are allowed to gamble on credit because the trust the casino has on particulars clients.
Nevertheless, even if some casinos offered those plans for people to gamble on credit, I would not advice anyome to fall in the temptation, if the person starts to develop gambling addiction It can only end up in financial ruin. Sad

Gambling on credit is supposed for millionaires and whales, let us keep that in mind.

I can't even encourage a gambler on such offer because it's a bad idea to support or sugget someone to taking loan and be in debt, they will never be grateful to you if they ended up being unable to make a repayment because they believe that you're the one that push them into it, they wouldn't have been into debt, same applies for the rich gamblers who think they have money, they don't need to go off their limit just to gamble and lost the game and later finds it a regretting experience, some have been once rich and turn poor because of gambling indebtedness.

While I agree that we should not suggest anyone to get in debt and even less if the intention is to use the money to gamble. In the end, it is not only matter of losing family and friends but also be educated adults with the capacity to take our own choices.

For example, there will be always gullible people around us who would offer us to join some squeme which is an obvious ponzi, but you would likely refuse to join, that is the vital and important part, to give a good use to your own will and sound mind.

Sanitough

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Quote from: Solosanz on May 17, 2023, 03:12:55 AM

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.

Never heard such like that. You can only gamble if you have your cash on hand or credit card that you can use to pay and play online. But if ever it’s really happening, I don’t think it’s a good idea for new gamblers as it can only trigger gambling addiction because gamblers will always see opportunities to gamble regardless if they don’t have the money to play the game. Furthermore, it will only makes a gambler more drown into debt as they will always see it as an irresistible offer that they might only regret if they lost the chance.

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Quote from: Doan9269 on May 20, 2023, 07:18:38 AM

Quote from: Hispo on May 19, 2023, 06:17:12 PM

I do not think I have ever heard about this concept. I have heard before about whales in Las Vegas who are allowed to gamble on credit because the trust the casino has on particulars clients.
Nevertheless, even if some casinos offered those plans for people to gamble on credit, I would not advice anyome to fall in the temptation, if the person starts to develop gambling addiction It can only end up in financial ruin. Sad

Gambling on credit is supposed for millionaires and whales, let us keep that in mind.

I can't even encourage a gambler on such offer because it's a bad idea to support or sugget someone to taking loan and be in debt, they will never be grateful to you if they ended up being unable to make a repayment because they believe that you're the one that push them into it, they wouldn't have been into debt, same applies for the rich gamblers who think they have money, they don't need to go off their limit just to gamble and lost the game and later finds it a regretting experience, some have been once rich and turn poor because of gambling indebtedness.

Maybe if it was a loyal customer in the sense that he was a big buck, the casino could offer him that because if he loses, he can still pay off the loss from his credit or debit card.
But not for people who never or rarely use big money to gamble because the casinos don't know how to pay for their losses.
After all, it would be very risky for the casino because the casino could suffer huge losses, especially if the gambler couldn't pay for his losses.
This is not recommended for people who gamble on credit, especially for those who cannot control themselves while gambling.

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Quote from: Doan9269 on May 20, 2023, 07:18:38 AM

Quote from: Hispo on May 19, 2023, 06:17:12 PM

I do not think I have ever heard about this concept. I have heard before about whales in Las Vegas who are allowed to gamble on credit because the trust the casino has on particulars clients.
Nevertheless, even if some casinos offered those plans for people to gamble on credit, I would not advice anyome to fall in the temptation, if the person starts to develop gambling addiction It can only end up in financial ruin. Sad

Gambling on credit is supposed for millionaires and whales, let us keep that in mind.

I can't even encourage a gambler on such offer because it's a bad idea to support or sugget someone to taking loan and be in debt, they will never be grateful to you if they ended up being unable to make a repayment because they believe that you're the one that push them into it, they wouldn't have been into debt, same applies for the rich gamblers who think they have money, they don't need to go off their limit just to gamble and lost the game and later finds it a regretting experience, some have been once rich and turn poor because of gambling indebtedness.

Once cryptocurrency casinos permit a play now, pay later system, I have no doubt they could perhaps experience unforeseen losses in the event that more players fall for it and find it difficult to pay back their loans. We all know that the only thing that can make gambling addicts quit is a shortage of funds, but if there were such an opportunity, they would undoubtedly seize it.
Gambling addicts will just use it as an excuse to sink further into debt as well as into addiction. It would be wise for them to establish restrictions in the event that they choose to put them into effect. They should also review the loyalty and wagering histories of their players so they can at least determine whether players who take out loans will be able to repay them.
However, it will be too risky for players to gamble with borrowed money because there are only two possible outcomes in gambling: either they win or they lose, and if they ever experience losses, they might only end up chasing it simply to recover and would have funds to repay their borrowed capital.

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Quote from: Taskford on May 19, 2023, 05:59:27 PM

Quote from: passwordnow on May 19, 2023, 05:04:39 PM

Let us say that some casinos do appreciate the loyalty of their customers and it's like a limited offer and feature for those that they've seen being loyal to them. But we do know that gambling with borrowed money isn't going to take you any longer and it's a plus that it will only give you more debt including the interest. When we've got money that came from loan, we tend to just spend it because we're thinking that we'll even pay the interest of it and there's an urgency of spending it as soon as possible.

Even thought with that for sure a casino will not let their players to lend money on their platform since they know the risk for not getting paid. Maybe a loyalty bonus will be given to their loyal costumers but not a loan since they might get a lot of defaults especially if there gamblers cannot afford to pay the money especially when they already lose everything they had. Also much better for a player not to think about taking loan since this will never result any good and this put us on huge risk to get bankrupt.

It's a business and they'll for sure going to add some twist with the rules upon granting a user a loan. But most likely, they'll just put it through some wagering requirements and they'll only use that as a typical bonus that one will like. Well, whoever thinks of gambling now and paying it later, what do you get from it? The enjoyment and chance of winning but you're unsure on it and there's more emotional satisfaction on it even if you don't own the money yet.

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Quote from: Hispo on May 19, 2023, 06:17:12 PM

I do not think I have ever heard about this concept. I have heard before about whales in Las Vegas who are allowed to gamble on credit because the trust the casino has on particulars clients.
Nevertheless, even if some casinos offered those plans for people to gamble on credit, I would not advice anyome to fall in the temptation, if the person starts to develop gambling addiction It can only end up in financial ruin. Sad

Gambling on credit is supposed for millionaires and whales, let us keep that in mind.

I can't even encourage a gambler on such offer because it's a bad idea to support or sugget someone to taking loan and be in debt, they will never be grateful to you if they ended up being unable to make a repayment because they believe that you're the one that push them into it, they wouldn't have been into debt, same applies for the rich gamblers who think they have money, they don't need to go off their limit just to gamble and lost the game and later finds it a regretting experience, some have been once rich and turn poor because of gambling indebtedness.

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Quote from: Mauser on May 20, 2023, 02:04:45 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?

This doesn't seem to be the best business model when it comes to gambling in my opinion. From my personal experience I never met a casino that offered me to play first and pay later. The main issue I see here is that how can the casino know that you are good for the money they lend you? Especially online casinos people could just take advantage of the borrowed money, try to make a profit from it and if they lose it all just disappear. It would take a long time for the casino, to go to a local judge and try to get your money back. And in case you are already broke before gambling the casino might never get their money back. From what I heard is that people who use borrowed money usually get it from different sources and not the casino itself. Still the idea to ask my friends and family for money that I would use for gambling is not acceptable. One of my main rules for gambling is to only use money that is my own and that I can afford to lose. Another thing for the casino is that if they only ask for money later from the gamblers they could get into difficulties when a large number of people want to withdraw their funds. The play and pay later option is probably only for the regular customers that are known personally by the casino.

Very reasonable, I have also never come across a casino that provides this service, because where would they believe that users will refund their money when this feature is provided. In short, sometimes it's difficult to apply for a loan because we have to meet the terms and conditions provided by the company. The casino will not take that big of a risk to provide a service like this, it's tantamount to giving away their money in my opinion. And I also don't think what kind of considerations do casinos have when they give out credit like this.

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Quote from: harizen on May 19, 2023, 06:59:15 PM

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..

I don't think most banks will allow that form of transaction where credit or sort of pay later can be used at casino platforms.

Gambling is one of the services that credit cards won't entertain as valid transaction. Just imagine the number of possible issues that the bank can face if they will allow using credit cards on gambling sites such as fraud, chargeback, authorization issues, etc.

The casino itself I believed won't also allow that kind of transaction. If users don't have money, then don't gamble.

They discourage to use their platform to use it on casino how much more if the user will use the reason to fund his gambling activity for sure the banks will automatically decline the request. Also other financial institutions will not allow this to happen knowing how risky those idea that they use it to gamble for sure those people do that cannot able to pay their debts. I do hope no person will take this as last resort since they really want to gamble to satisfy their gambling needs.

Mauser

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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?

This doesn't seem to be the best business model when it comes to gambling in my opinion. From my personal experience I never met a casino that offered me to play first and pay later. The main issue I see here is that how can the casino know that you are good for the money they lend you? Especially online casinos people could just take advantage of the borrowed money, try to make a profit from it and if they lose it all just disappear. It would take a long time for the casino, to go to a local judge and try to get your money back. And in case you are already broke before gambling the casino might never get their money back. From what I heard is that people who use borrowed money usually get it from different sources and not the casino itself. Still the idea to ask my friends and family for money that I would use for gambling is not acceptable. One of my main rules for gambling is to only use money that is my own and that I can afford to lose. Another thing for the casino is that if they only ask for money later from the gamblers they could get into difficulties when a large number of people want to withdraw their funds. The play and pay later option is probably only for the regular customers that are known personally by the casino.

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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..

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

You always have to come with something on your pocket when dealing with a casino, business is a business. I think that family friend of yours was either used credit card or worst he loaned something and just kept it secret to himself. I think it's impossible to have that kind of scenario, a debt was someone's lack of resources or if he/she just faking this debt.

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Quote from: harizen on May 19, 2023, 06:59:15 PM

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..

I don't think most banks will allow that form of transaction where credit or sort of pay later can be used at casino platforms.

Gambling is one of the services that credit cards won't entertain as valid transaction. Just imagine the number of possible issues that the bank can face if they will allow using credit cards on gambling sites such as fraud, chargeback, authorization issues, etc.

The casino itself I believed won't also allow that kind of transaction. If users don't have money, then don't gamble.

There are casinos that accept credit cards and these are some of the partial lists
https://www.letsgambleusa.com/online-casino/credit-cards/

But they don't recommend credit card transactions because of the very high processing fees some transactions range from 9 to 15.9% so these casinos recommend the use of Cryptocurrency for fast transactions and lower fees, these are the reasons why the majority of casinos now accept and promote the use of Cryptocurrency for convenience for both players and the casinos.

Topic: Are there play and pay later casinos? - page 8. (Read 1602 times)