Is there any insurance service for gamblers to retain heavy losses....??? - page 11.

rhomelmabini

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Quote from: romero121 on November 18, 2020, 05:41:43 PM

This is a thread that's been started by me years back. Once again I would like to take this into discussion, because more the existence of gambling sites more is the addiction. It is a must to make some innovative plans, so that the gamblers doesn't want to restrict themselves from gambling. Maybe this can help the gamblers as well as the dependent of the gamblers.

Gamblers do tend to gamble everyday and unlike other insurance that being claimed for example; calamities, health problems, accidents, deaths, etc. These examples I give aren't always happen to every individuals that has been covered in an insurance company so I think its unlikely to happen and it could be so rare for an insurance company to handle a gambling loss unless there's a maximum claiming or money the gambler/s could get once he get into this.

Furthermore, how could anyone be called they got into a heavy loss on gambling especially in crypto? I doubt if there's something like that.

batang_bitcoin

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Quote from: romero121 on November 18, 2020, 05:41:43 PM

This is a thread that's been started by me years back. Once again I would like to take this into discussion, because more the existence of gambling sites more is the addiction. It is a must to make some innovative plans, so that the gamblers doesn't want to restrict themselves from gambling. Maybe this can help the gamblers as well as the dependent of the gamblers.

This is going to be an expensive thing for the insurance company. Their policy would always be in favor of them but what if at the same time most of their insurance gambling takers will have a massive loss at the same time? I'm just stating what's on my mind but I know policies will be made by them and they will not allow that to happen and at least they will have a contingency plan. The insurance industry has been existing for long and they won't stay in the business if they're not making money. But to have an insurance for gamblers, I think this won't happen.

coin-investor

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No insurance can cover insurance for gambling loss, because the probability of losing a lot in gambling is very high, a gambler who insured can lose everything the next day, not profitable, if you want to minimize your losses, then minimize what you allocate in gambling, unless you are good in gambling you should allocate what you can afford to lose, gambling is a pure game of luck and it's so rare to be lucky everynight.

ice098

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Quote from: robelneo on November 19, 2020, 03:29:22 AM

Quote from: romero121 on February 13, 2017, 11:57:04 PM

I have been thinking of an insurance service for gamblers, in which they were supposed to pay regular premiums. And while placing bets can get back at least a small amount back if the lost amount is a huge one. Myself too haven't come across such services. What you people think of an insurance for gambling.

No insurance will accept that kind of coverage, they are going to lose because there is no guaranty of winning in gambling, you can lose big amount of money anytime you are in the betting table or dashboard, insurance is a money making business they are not going to make money here, your best option is always to gamble money that you can afford to lose, nothing beats this mantra.

I dont think that there were such an insurance company which would like to offer an insurance in a gambler. There is no such thing in crypto gambling or even in any kind of gambling that's why we always keep on saying that in gambling gamble what you ara afford to lose. No business man would like to risk their business without any assurance of return of their investment or profit. If losses in gambling were only covered by the insurance company i bet that every gambler will definitely enjoyed their every moment in gambling.

qwertyup23

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Quote from: romero121 on February 13, 2017, 11:57:04 PM

I have been thinking of an insurance service for gamblers, in which they were supposed to pay regular premiums. And while placing bets can get back at least a small amount back if the lost amount is a huge one. Myself too haven't come across such services. What you people think of an insurance for gambling.

I don't think so and no insurance would ever cover for gambling losses.

Gambling, in general, is a game of chance that rely on betting on certain games or services that either yields a favorable or an unfavorable result. In addition, one is never compelled to gamble in the first place as it is a personal decision of the person. Any loss incurred cannot be shouldered by any insurance as it will definitely and completely result to people taking advantage of it in the first place.

If you are suffering from gambling addiction, I highly advise to seek help from your peers and family members. Never be ashamed to tell your addiction as they are the ones who can support you in this temporary stage.

arwin100

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Quote from: robelneo on November 19, 2020, 03:29:22 AM

Quote from: romero121 on February 13, 2017, 11:57:04 PM

I have been thinking of an insurance service for gamblers, in which they were supposed to pay regular premiums. And while placing bets can get back at least a small amount back if the lost amount is a huge one. Myself too haven't come across such services. What you people think of an insurance for gambling.

No insurance will accept that kind of coverage, they are going to lose because there is no guaranty of winning in gambling, you can lose big amount of money anytime you are in the betting table or dashboard, insurance is a money making business they are not going to make money here, your best option is always to gamble money that you can afford to lose, nothing beats this mantra.

I never see any company doing this so I agree with you that there's no insurance company accept this terms since most of the gambler a are always losing and it's a huge lose for the insurance company since they will be the milking cow of the loser gamblers. That's why I don't bother to research any of this and just gamble what amount I can afford to lose here.

bitbollo

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@romero121 if you talk with some insurer of big company, you will find your option and a tailored offer in your interest. It depends just... how much you have to pay for that service. Since you're paying this middleman and the premium each month/year. Usually isn't a cheap service.

BTW What you described in OP it can be like a cashback?

Quote

get back at least a small amount back if the lost amount is a huge one.

Wexnident

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Isn't this basically a cashback kind of program? I hardly doubt someone would do this without any possible way of obtaining profits. Not to mention you're basically letting a third party do your insuring for you, might as well do it yourself for the sake of being organized, though if you can't handle your finance, feel free to do so. Additionally, on the topic of if there's one, I'm not familiar with any of them. Additionally, it'd probably be better for insurance in gambling to happen when a certain amount is lost in a certain time period. It could either be a big loss, or small losses over a long period of time. Though it's still unlikely imo, since gambling is a community where people who run away from their debts run of the mill.

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Quote from: romero121 on February 13, 2017, 11:57:04 PM

I have been thinking of an insurance service for gamblers, in which they were supposed to pay regular premiums. And while placing bets can get back at least a small amount back if the lost amount is a huge one. Myself too haven't come across such services. What you people think of an insurance for gambling.

No insurance will accept that kind of coverage, they are going to lose because there is no guaranty of winning in gambling, you can lose big amount of money anytime you are in the betting table or dashboard, insurance is a money making business they are not going to make money here, your best option is always to gamble money that you can afford to lose, nothing beats this mantra.

Kupid002

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Quote from: iamsheikhadil on November 19, 2020, 12:06:32 AM

No, I don't think there can be something like that. Insurance is like opposite of gambling. In gambling you pay in the long run and in insurance they pay you if something bad happens. Why would they pay you any amount on circumstances you have control over? That way they will be ripped off.

I suggest to stop gambling if he really don't want to lose money in it. Instead of gambling do multiple kind of investment and that case even he played in the gambling he know that there will always be money that will enter in him.

Forget about gambling and focus in different types of investment in that case the odds of losing still the same but you can play again in another day from your income in your investment.

iamsheikhadil

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No, I don't think there can be something like that. Insurance is like opposite of gambling. In gambling you pay in the long run and in insurance they pay you if something bad happens. Why would they pay you any amount on circumstances you have control over? That way they will be ripped off.

shoreno

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Quote from: bitterguy28 on November 18, 2020, 11:04:43 PM

Quote from: romero121 on November 18, 2020, 05:41:43 PM

It is a must to make some innovative plans,

innovative plans must be from gambler itself and not from anyone else.

Imagine having this request of yours meaning that being a Addict gambler must have some insurance?you are doping stupid thing and you want others to provide for you?

if this will happen then expect another Tons of new addict will rise because now they can generate some amount while spending their money in gambling.

op said they can gain small amount if the loss is huge not big amount when they loose a big amount . this wont still be profitable and why will they gamble that the chance of loosing is high , just because they want to earn this small small money in return ? that gambler can be out of his mind , he can prefer to not gamble and not loose or put the money in less risky but more profitable tasks .

havent heard that any gambling that have an insurance but there are many gambling that offers simillar where they can get a verry tiny amount after loosing a big one but many are discourage with this . the number of addicted gamblers will still be the same , they can grow if they want to without the help of those benefits .

bitterguy28

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Quote from: romero121 on November 18, 2020, 05:41:43 PM

It is a must to make some innovative plans,

innovative plans must be from gambler itself and not from anyone else.

Imagine having this request of yours meaning that being a Addict gambler must have some insurance?you are doping stupid thing and you want others to provide for you?

if this will happen then expect another Tons of new addict will rise because now they can generate some amount while spending their money in gambling.

xSkylarx

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I don't think someone would offer or establish this kind of service. And also how will the insurance benefit from this?
Gamblers should be responsible for their losses, it's not against their will when they made those losing bets.
It's your fault if you're gambling too much than you can only afford.

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insurance for gambling will never be applied because if you do that, certainly no one can guarantee a win and with gambling all gambling capital can be lost instantly, so you must be careful when you want to use capital to gamble and don't get it wrong take a step. Because if someone provides such insurance then no one will suffer a loss when gambling and it will not be fun.

maydna

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I don't think any insurance company would take part in this because if gamblers retain heavy losses, that will be his mistake, and there is nothing he can do except accepting his losses. A gambler needs to take responsibility for himself, especially to manage his money used to play gambling. And if he loses the money in the gambling games, he can't do anything. He needs to control himself while he plays gambling, but if he loses the money, he can try to recover it back. But that will not be recommended because he will lose more money, so it is better to stop playing gambling.

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Quote from: romero121 on February 13, 2017, 11:57:04 PM

I have been thinking of an insurance service for gamblers, in which they were supposed to pay regular premiums. And while placing bets can get back at least a small amount back if the lost amount is a huge one. Myself too haven't come across such services. What you people think of an insurance for gambling.

Well, if you are expecting an insurance for gamblers to get some remuneration over their losses, then gamblers should also get legal loans via bank to gamble. We think to change the world in a day but that does not happen. If these casinos start paying back some money on losses, it will not work out because every other gambler will think that if this guy got the insurance money, why can't we? In spite of that, casinos can set up an investment pot for each account level and ask the gamblers to fund it with some money 'like we get a salary cut and it goes to provident fund'. Casino can promise to add some % to that fund and give it back to the gamblers as and when the insurance conditions are fulfilled after a loss. Conditions can be set by casinos because they don't give anything for free, honestly (except a few do during their promo).

lienfaye

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Well I think insurance is not necessary in gambling. Why? You're the one controlling yourself on how much money to spend on gambling so therefore low amount or spare money wont hurt you that much.

Only gamble the money you can afford to lose and be aware of the consequences if you happen to spend the money meant for important things. If you gamble, its your choice thus be responsible on your action. Paying for insurance to get back what you've lost is like predicting you will lose but its fine because you're insured.

romero121

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This is a thread that's been started by me years back. Once again I would like to take this into discussion, because more the existence of gambling sites more is the addiction. It is a must to make some innovative plans, so that the gamblers doesn't want to restrict themselves from gambling. Maybe this can help the gamblers as well as the dependent of the gamblers.

PhucS

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This is a really interesting question, I quite like it. It may be that gambling addicts will like this, but in reality, I have not seen this type of insurance appear, there are only a few types of insurance available to assist you if you get scammed online. If there is coverage for gamblers, I think they will become more and more addicted to gambling because they no longer fear losing more money because they have insurance. That's just my opinion

Topic: Is there any insurance service for gamblers to retain heavy losses....??? - page 11. (Read 6957 times)