Are there play and pay later casinos? - page 9.

harizen

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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..

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.

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Quote from: kamvreto on May 19, 2023, 03:42:59 PM

Quote from: Fatunad on May 19, 2023, 03:23:41 PM

~snip~There's no such thing about play now pay later, because they are really that putting their business into a huge risks considering that each gambler could really be potentially
be lucky on that time which means that if ever they do win big then thats a huge loss for them.

Maybe what is usually done by online gambling is to provide cashback or bonuses on the first deposit, that is a common strategy used to attract new users to continue to put money into gambling. But to apply for a later payment or a loan, will still burden the gambling site. Gambling sites will not take this risk because there will be many problems.
They do business and run business for bigger profits, but those who get the Jackpot are just luck that gambling sites have issued for lucky gamblers. There will be no loss as a bookie, they will always make big profits.

Cashbacks,lossback or rakebacks or whatever it would be then it is really a common promotion on which it do really give out some part of your losses which is something interesting but we know that these are just way too small because gambling sites or platforms cant really just give out that decent offer and if there's one then people might be that interested but these promotions arent that much generating such interest.
If we do tend to look about on having those pay later then how the casino would really be asking out if ever a certain player would lost up its entire balance into its wallet?
As long there would be some worthy or solid collateral then it would really be just fine, just like on the basic concept on taking up some loans from person p2p but if there's none
then casinos are really taking up soo much risks not only on losing money but also in other aspects as well which i had mentioned above.

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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.

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Quote from: Fivestar4everMVP on May 18, 2023, 02:21:56 PM

Never heard of such, and even if there be, I think it's plain stupid, cus I personally will play on the casino, and if I don't Win, I will never return to pay the money, I will just go and start gambling on another casino maybe outside where I live.

Totally a stupid decision if someone who's addicted to gambling will result in this. We saw how gamblers who have gambled and then used loan money for their gambling activities, they've never been trusted again. But with such condition, I don't think the casino will just allow it without anything in return to them knowing that there are also nasty gamblers that won't pay them if they hand the money and allows them to gamble freely and easily.

Since casinos are aware of how gambling works and how debt-ridden gamblers may become, I don't believe any will permit borrowing and lending. We already know that borrowing money to gamble will never be the best option. We can't afford to lose these funds, therefore gambling with them will be a major risk.
I agree that you need to have questioned your friend because that sum is not small. If casinos made such an offer, many players would take advantage of it, causing them to suffer severe losses. If casinos ever start allowing borrowing, more gamblers will undoubtedly develop gambling addictions.

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.

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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.

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Quote from: Cling18 on May 18, 2023, 04:32:29 PM

Quote from: passwordnow on May 18, 2023, 04:15:39 PM

Quote from: Fivestar4everMVP on May 18, 2023, 02:21:56 PM

Never heard of such, and even if there be, I think it's plain stupid, cus I personally will play on the casino, and if I don't Win, I will never return to pay the money, I will just go and start gambling on another casino maybe outside where I live.

Totally a stupid decision if someone who's addicted to gambling will result in this. We saw how gamblers who have gambled and then used loan money for their gambling activities, they've never been trusted again. But with such condition, I don't think the casino will just allow it without anything in return to them knowing that there are also nasty gamblers that won't pay them if they hand the money and allows them to gamble freely and easily.

Since casinos are aware of how gambling works and how debt-ridden gamblers may become, I don't believe any will permit borrowing and lending. We already know that borrowing money to gamble will never be the best option. We can't afford to lose these funds, therefore gambling with them will be a major risk.
I agree that you need to have questioned your friend because that sum is not small. If casinos made such an offer, many players would take advantage of it, causing them to suffer severe losses. If casinos ever start allowing borrowing, more gamblers will undoubtedly develop gambling addictions.

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.

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Quote from: Huppercase on May 19, 2023, 11:23:29 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.
So is gambling debt one way or other possible without the person taking loan or borrowing money?

Could be that your friend is not giving you the full gist, I don't think there is any casino that will want to give you play now and pay later, where will they have the money to payout players that won games if they allow the play now and pay later, where are they going to have the money to finance the casino and other expenses, where will they also see the money to run the business, that option is not ideal nor real, it will kill any business like gambling. The worst thing a casino can do for you is bonus, they will allow you have a coupon or some bonus to play some games and that comes with a conditions attach to them.

^Probably in most cases, when playing at a casino, you are required to use your own funds or assets to gamble. While some casinos may offer credit or payment options, these are typically reserved for high-rollers or established customers with a proven track record. So using a credit card for gambling can potentially lead to accumulating debt.
It is commendable that your acquaintance advises against taking loans or borrowing money. Gambling debt can arise if someone exceeds their financial limits, spends more than they can afford, or becomes caught in a cycle of chasing losses. It is important practice to take responsible gambling and set strict personal limits to avoid falling into such debt.

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Quote from: dothebeats on May 19, 2023, 04:53:13 PM

Quote from: fullhdpixel on May 19, 2023, 07:24:10 AM

Quote from: Rigon on May 17, 2023, 06:00:39 AM

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.

Primedice and stake has a forum and long time ago there is a section for loans where gamblers can borrow money. Cool isn't it? But it looks like a curse at the same time because we know where it can mostly lead. I don't exactly know how it works, I mean what is their terms but I think it is risky on the side of the lender because the loans can be defaulted.

It's more likely since the borrowers are gamblers unless only if they require a collateral which can be liquidated easily. Online gambling is now very popular. I don't think his friend will ignore that. Even the people that I know who are not a gambler, tries online gambling but they know how to limit their selves.

There used to be that section, but most of the people in that forum also came from this one, hence they knew how to ask for a collateral before giving out a loan. That was how they solved loan defaults and ‘trust’ among those that are new but still want to take a shot in borrowing. It was pretty much a great system back then and still a great system now, only if the collateral being provided are easily liquidated and not some shitty crypto that is highly volatile and loses value every second.

These controlled debts are fine so long as the borrower knows how to limit themselves in terms of gambling and spending in general. It’s like a gateway to a lot of things that may prove detrimental to them it they don’t have any self-control.

Losing self control would be the main culprit of everything and no matter on what things you've been dealing which on the time that you would be losing that control then your fcking up yourself later on.
This is why it would really be just right that we should really be sensible on whatever decisions that we would be making. Taking loans isnt bad as long you would really be that responsible.
Be sure on what you are dealing with and some people are really that good when it comes to assesment whether its bad or good but in most cases on which things that we are involved with arent bad as long
we do have that control.

Casinos offering some pay later? How we would be able to think up for any business would be offering like this? Just like the rest been saying above that this cant be possible.
Business are here to make money and not to give or lend money for its users to possibly could able to make money out from their own platform. It is really just that a dumb idea.

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Quote from: fullhdpixel on May 19, 2023, 07:24:10 AM

Quote from: Rigon on May 17, 2023, 06:00:39 AM

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.

Primedice and stake has a forum and long time ago there is a section for loans where gamblers can borrow money. Cool isn't it? But it looks like a curse at the same time because we know where it can mostly lead. I don't exactly know how it works, I mean what is their terms but I think it is risky on the side of the lender because the loans can be defaulted.

It's more likely since the borrowers are gamblers unless only if they require a collateral which can be liquidated easily. Online gambling is now very popular. I don't think his friend will ignore that. Even the people that I know who are not a gambler, tries online gambling but they know how to limit their selves.

There used to be that section, but most of the people in that forum also came from this one, hence they knew how to ask for a collateral before giving out a loan. That was how they solved loan defaults and ‘trust’ among those that are new but still want to take a shot in borrowing. It was pretty much a great system back then and still a great system now, only if the collateral being provided are easily liquidated and not some shitty crypto that is highly volatile and loses value every second.

These controlled debts are fine so long as the borrower knows how to limit themselves in terms of gambling and spending in general. It’s like a gateway to a lot of things that may prove detrimental to them it they don’t have any self-control.

Fortify

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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?

People simply don't get the same thrill from gambling virtual money, or very few people would. The buzz that attracts people to gambling is the idea that they can get rich without having to do any work and maybe find a shortcut to wealth. The reality is that you are not going to be the one out of ten million (or even higher) that is lucky enough to land a life changing sum of money, and even if you did you are probably so in debt like the example you gave, that you probably threw that much money into the casino beforehand and are going to lose it all back to them afterwards as well. Casinos don't offer a "buy now, pay later" - they want money upfront, because otherwise you could just go into bankruptcy and they would never make a profit. If you go into bankruptcy it would be credit card or loan providers taking the hit.

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Quote from: Fatunad on May 19, 2023, 03:23:41 PM

~snip~There's no such thing about play now pay later, because they are really that putting their business into a huge risks considering that each gambler could really be potentially
be lucky on that time which means that if ever they do win big then thats a huge loss for them.

Maybe what is usually done by online gambling is to provide cashback or bonuses on the first deposit, that is a common strategy used to attract new users to continue to put money into gambling. But to apply for a later payment or a loan, will still burden the gambling site. Gambling sites will not take this risk because there will be many problems.
They do business and run business for bigger profits, but those who get the Jackpot are just luck that gambling sites have issued for lucky gamblers. There will be no loss as a bookie, they will always make big profits.

Fatunad

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Quote from: mindrust on May 19, 2023, 12:57:24 PM

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 don't think any casino would take that risk. You can always pay later if you use your credit card. That's a job for the banks.

Your last question in bold don't even make any sense. You are asking if you can borrow money without borrowing money. *Mind blown* or... you want to play but don't want the responsibility of paying... either way no casino in the world is stupid enough to satisfy your non-sense demands.

What you are asking is like...

"Can I eat and pay later?"

Which restaurant does business like that? Think!

It doesnt really make sense right?

No business would really be giving out some funding support or something that would really be giving you some bullets to play just because you dont like to pay something which it doesnt have any sense.
None of those business owners who are on their right minds on doing such thing. Cheesy

This is why its not really shocking that we cant really see such offering because theres none to be existing because
thats not how business works. They are here to make revenue or make money which if you've decided to take some gamble then its just right that you should spend into it and needs to pay for it.
There's no such thing about play now pay later, because they are really that putting their business into a huge risks considering that each gambler could really be potentially
be lucky on that time which means that if ever they do win big then thats a huge loss for them.

jostorres

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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..

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've never heard of anything like that, casino businesses run from what they earn when gamblers lose, if they start giving out loans or allowing players to play first and pay sometime in the future, they would soon be out of business and I don't think that they will follow a business model that can affect their business negatively that too for the convenience of the gamblers.

They might have taken a loan from somewhere and didn't mention it to you and said it in a way that might have made you feel that he might have played without taking a loan and he owes that money to a casino, or he probably used a credit card as you said.

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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?

Casino credit is usually provided to players based on their creditworthiness. In many jurisdictions, it's legal for casinos to offer credit for gambling, but they have to follow some strict rules and regulations. The casinos require individuals to meet specific criteria, such as demonstrating a good credit history, before they lend them money for gambling. gambling debt, in general, is legally enforceable in most jurisdictions, regardless of whether it was incurred through casino credit or other means. If a person fails to repay their gambling debt, the casino or relevant authorities may take legal action against that individual for debt collection.

Unfortunately, there are also illegal methods for borrowing money specifically for gambling, and one such practice is known as loan sharking. Loan sharking involves individuals lending money to others, but in a predatory manner. These lenders charge exorbitant interest rates, often accompanied by threats or acts of violence to ensure repayment. It's an underground and illicit activity that operates outside the legal framework.

mindrust

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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 don't think any casino would take that risk. You can always pay later if you use your credit card. That's a job for the banks.

Your last question in bold don't even make any sense. You are asking if you can borrow money without borrowing money. *Mind blown* or... you want to play but don't want the responsibility of paying... either way no casino in the world is stupid enough to satisfy your non-sense demands.

What you are asking is like...

"Can I eat and pay later?"

Which restaurant does business like that? Think!

madnessteat

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Quote from: Huppercase on May 19, 2023, 11:23:29 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.
So is gambling debt one way or other possible without the person taking loan or borrowing money?

Could be that your friend is not giving you the full gist, I don't think there is any casino that will want to give you play now and pay later, where will they have the money to payout players that won games if they allow the play now and pay later, where are they going to have the money to finance the casino and other expenses, where will they also see the money to run the business, that option is not ideal nor real, it will kill any business like gambling. The worst thing a casino can do for you is bonus, they will allow you have a coupon or some bonus to play some games and that comes with a conditions attach to them.

In life, there are different situations, so we can not exclude the situation where the landlord of the casino can allow a regular customer to play on loan. Some people don't really care if you spend your money at the casino right away or if you play on loan and then return the money from your paycheck. I'm sure that if there is only one land-based casino in the area, its owner is sort of the boss for the gamblers and he can set his own rules both inside and outside the casino.

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Quote from: Wexnident on May 18, 2023, 11:14:11 PM

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

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

I think casinos allow it depending on how much they actually know about you? Doesn't even have to be a VIP system sometimes, if a casino knows you're a regular, spends a stable amount and can afford a debt, they'd probably give it a go signal. To make things more sure they'd probably ask for something like a paycheck to make sure you can actually pay something.

Maybe even a contract, which is what I'd probably look for if I was personally looking for one. Now if a casino offers you one though, then do due diligence. Any contract, not just in gambling or casinos, can suck the life out of you after all

Yeah thats the way some casino in my area operates they actually let some of their regular and trusted customers to play on credit but not on a regular basics because practicing this act can make it a usual habit for that customer. I have only seen a case where the gambler actually forget to come cash and forget his wallet so he book the game and told the cashier he will pay it to their account as soon as he reaches home and the cashier just told to drop his call number so they can get access to him.

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

Could be that your friend is not giving you the full gist, I don't think there is any casino that will want to give you play now and pay later, where will they have the money to payout players that won games if they allow the play now and pay later, where are they going to have the money to finance the casino and other expenses, where will they also see the money to run the business, that option is not ideal nor real, it will kill any business like gambling. The worst thing a casino can do for you is bonus, they will allow you have a coupon or some bonus to play some games and that comes with a conditions attach to them.

molsewid

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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 never heard such thing but I do believe in traditional casinos they are having some loans you can do with collateral that's where some people losses their assets because they use it as collateral. I don't think credit cards are being used to play in online and traditional casinos, maybe he is lying? or I dunno why do he need to lie to you maybe he has a debt to you and he just want to make up stories.

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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?

I think it's hard to find a casino like that after all where there are casinos that provide like that, playing and paying later even looks impossible, but usually people ask for loans from loan sharks to play gambling in casinos and can't play gambling and pay later, that sounds strange to me I am even among all the gamblers in this forum.

But if there really is something like that maybe many will use it and I will also be happy to have a look in this thread and make sure you make a list of any casino Casino names that can give users the convenience of playing and then paying later. but what I read is that people borrow money to gamble then pay it later

Topic: Are there play and pay later casinos? - page 9. (Read 1597 times)