Is there any insurance service for gamblers to retain heavy losses....??? - page 12.

Kevin77

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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.

What is the point in recovering some 1% or 2% of your total lost bankroll ? Because if insurance companies will be covering more than 2% of your bankroll, they might get bankrupted very soon otherwise you need to pay more premium which would be another headache while going for gambling aside arranging extra funds other than bankroll for gambling.

I read already some gambling houses are in practice to provide some cashback if they find some gamblers are regularly losing but in big amount.

chixka000

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Quote from: klf on May 13, 2017, 03:40:34 AM

Quote from: chixka000 on May 13, 2017, 02:20:01 AM

Crazy mind set first you have to understand that gambking is not an investment unless you take shares or own the gambling site or the casino. Yet if you dont then dont expect for an insurance lol and if ever that someone would offer that one to you then you should know that it is a pure scam

No company will offer this kind of services to lose money for them because they know that each and every gambler is going to lose money at the end so then they may need to pay you back all those losses. These insurance companies want to make money for them so this business will not suit for them instead they may need to spend a lot of money to pay back gamblers so you will see any such services.

I have seen one before here in this community and posting that kind of service which is of course and obvious scam scheme yet there were few who try it and it was never been seen again

iluvbitcoins

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Quote from: thisappointed on May 13, 2017, 07:14:01 AM

Quote from: hajimasan on May 12, 2017, 07:59:51 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.

According to me there is no Such Type Of Insurance Company Exits Because Gambling is a So Risky Game and No one Wants to Insure Your Money in a Risky Game and If Someone Start Providing these types of Services then Everyone will Start Doing Gambling and there is no Risk and No Fun Will be in Gambling if all the Risk will be Removed and also there will be Less Profits Because As We All Know that Higher the Risks, Higher the Profits.....

This is ridiculous, who is sane enough to make such company just to support gambler? Insurance? there is no such thing on the gambling world, because in gambling, there is no way that you could get your money back just by this Insurance thing, unless you are going to win it back using some strategy if you are playing strategic game like poker and so on.

So, if you don't want to lose your money and don't problematize this thing, then don't enter the gambling world, because it is not what you think it is, you are going to regret it in the end, trust me.

Why not?

If someone is paying a monthly fee for a gambling insurance
You're making money and you should pay out when he loses

Companies are made for profits, not for anything else
If there is a profit, I don't see why this couldn't be made

thisappointed

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Quote from: hajimasan on May 12, 2017, 07:59:51 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.

According to me there is no Such Type Of Insurance Company Exits Because Gambling is a So Risky Game and No one Wants to Insure Your Money in a Risky Game and If Someone Start Providing these types of Services then Everyone will Start Doing Gambling and there is no Risk and No Fun Will be in Gambling if all the Risk will be Removed and also there will be Less Profits Because As We All Know that Higher the Risks, Higher the Profits.....

This is ridiculous, who is sane enough to make such company just to support gambler? Insurance? there is no such thing on the gambling world, because in gambling, there is no way that you could get your money back just by this Insurance thing, unless you are going to win it back using some strategy if you are playing strategic game like poker and so on.

So, if you don't want to lose your money and don't problematize this thing, then don't enter the gambling world, because it is not what you think it is, you are going to regret it in the end, trust me.

gabmen

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Quote from: klf on May 13, 2017, 03:40:34 AM

Quote from: chixka000 on May 13, 2017, 02:20:01 AM

Crazy mind set first you have to understand that gambking is not an investment unless you take shares or own the gambling site or the casino. Yet if you dont then dont expect for an insurance lol and if ever that someone would offer that one to you then you should know that it is a pure scam

No company will offer this kind of services to lose money for them because they know that each and every gambler is going to lose money at the end so then they may need to pay you back all those losses. These insurance companies want to make money for them so this business will not suit for them instead they may need to spend a lot of money to pay back gamblers so you will see any such services.

indeed. gambling by definition is something that you risk winning or losing. it's not gambling anymore if you have a form of assurance that you can get compensated if you lose. Ionly foolish people would think of starting a business like this

klf

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Quote from: chixka000 on May 13, 2017, 02:20:01 AM

Crazy mind set first you have to understand that gambking is not an investment unless you take shares or own the gambling site or the casino. Yet if you dont then dont expect for an insurance lol and if ever that someone would offer that one to you then you should know that it is a pure scam

No company will offer this kind of services to lose money for them because they know that each and every gambler is going to lose money at the end so then they may need to pay you back all those losses. These insurance companies want to make money for them so this business will not suit for them instead they may need to spend a lot of money to pay back gamblers so you will see any such services.

chixka000

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Crazy mind set first you have to understand that gambking is not an investment unless you take shares or own the gambling site or the casino. Yet if you dont then dont expect for an insurance lol and if ever that someone would offer that one to you then you should know that it is a pure scam

maydna

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Quote from: hatshepsut93 on May 12, 2017, 11:45:10 PM

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.

Insurance only makes sense when the risk is small and relatively stable. In gambling you can wager big sums like 1-5 BTC with a single bet, so every gambler can easily suffer heavy losses. It would be impossilbe for such company to earn profit. But if you want to get some of your money back, you should check out services that provide cashback via referral promotions.

but there are no insurance service that will wants to retain heavy losses because of playing gambling and i am sure that they don't want to know about that. many of people which playing gambling have a loss, small loss until big loss, and imagine that if there are any insurance service that wants to do this, then they will not run their company for a long time and maybe they can get bankrupt too with the gamblers. no one will cover losses from playing gambling and every insurance service will stay away from this and they will thinking that its better to them to involve in other business.

machinek20

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I don't think there are services like that, if services like that exist, it can lead people to addiction, they will just bet without afraid of losing and then that insurance will go bankrupt because most of the people lost in gambling and will go to claimed, I don't think it is profitable that is why nobody want to create that service

BlockEye

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Quote from: hatshepsut93 on May 12, 2017, 11:45:10 PM

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.

Insurance only makes sense when the risk is small and relatively stable. In gambling you can wager big sums like 1-5 BTC with a single bet, so every gambler can easily suffer heavy losses. It would be impossilbe for such company to earn profit. But if you want to get some of your money back, you should check out services that provide cashback via referral promotions.

I already read that services on this forum which offer cashback thru referral promotion, But this is not the same as insurance since you are required to invite other player to gamble on the casino and wager required amount so that you will be eligible to get referral commission that will cover your losses. Insurance service is very impossible on gambling since it is not profitable on activity that has a high chance of lossing. They will just end up bankrupt at the end once all their subscriber lose.

hatshepsut93

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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.

Insurance only makes sense when the risk is small and relatively stable. In gambling you can wager big sums like 1-5 BTC with a single bet, so every gambler can easily suffer heavy losses. It would be impossilbe for such company to earn profit. But if you want to get some of your money back, you should check out services that provide cashback via referral promotions.

Gintama214

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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.

It is actually a good idea to have that kind of service an insurance service for gambling and get at least get small amount back in where you gamble but I don't think that it will work very well the market place thats because bitcoin is not something like a car that accidents happened and damaged your care they covered you but in gambling is different you take your own risk to gamble and if you have greed that will make you lose everything you have so be very careful on gambling. It is really interesting that you have come up to that Idea but how do they insurance give back their money?, how do they make sure that you lost that amount of money. It is many ways to edits and to make sure it is real. So that means they need to connect with other gambling site so that they can put insurance on your bitcoin. I do think its a great idea but it won't work on field.

hajimasan

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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.

According to me there is no Such Type Of Insurance Company Exits Because Gambling is a So Risky Game and No one Wants to Insure Your Money in a Risky Game and If Someone Start Providing these types of Services then Everyone will Start Doing Gambling and there is no Risk and No Fun Will be in Gambling if all the Risk will be Removed and also there will be Less Profits Because As We All Know that Higher the Risks, Higher the Profits.....

nethan1btc

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I've never heard any gamblers insurance service for losses recovery or retaining lost profit, and if there is I am not confident that it will stay long term with their commitment. Gamblers will end up lossing and lossing, even to those veterance players still admits that they never succeeded on their motivs and yet always fails rather that success. But to show more assurance than insurance, is you should be more responsible in managing your bankroll account and have budgetted amount just for your fun gambling plays and don't waste all your money just to recover the losses; think for another lucky day and not just for today.

roadbits

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Quote from: BlockEye on May 10, 2017, 08:38:23 AM

Quote from: ethereumhunter on May 10, 2017, 03:55:00 AM

Quote from: wintermeasures on February 20, 2017, 12:22:33 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.

According to me there is no Company that Offer you Insurance Facilities for your Gambling activities because Gambling is just a Game of Luck and Not a Business, So No Company Owner wants to Insure a Game of Luck and I also Suggest you to Leave Gambling and do some other Business because it's good for your Future........

i think so because the company don't want to risk their money to give insurance for gamblers to retain heavy losses, its about gamblers responsibilities when they are playing gambling and its not for other people. i think the insurance company don't want to give their insurance to cover the gamblers but its different if gamblers is borrow the money from them because gamblers should give payback to that company.

The main reason of insurance company that's why they offering that kind of service because they are expecting their customer to not any accident happened so that they can have profit on monthly payment from their customer. So why they will be decided to establish an insurance for gambling while the possibility of lossing is very high and it is unprofitable.

There is no insurance company for this gambling loss. But if we lose a huge amount in the casino they will give some percentage of coins to play again in their casino. To get this, we have to play a big amount of money. Means they will give some packages we have to choose, and we must play that amount then only we will get this offer.

tyz

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No, isn't. Depite from the fact that such an insurance would lead to massive scamming actions, this would not help much at all. You would have to pay high rates for the insurance which will totally eat any profit you make. And such an insurance will definetley not cover all your losses, just a part of it. So, it is a lose lose situation for the gambler.

BlockEye

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Quote from: ethereumhunter on May 10, 2017, 03:55:00 AM

Quote from: wintermeasures on February 20, 2017, 12:22:33 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.

According to me there is no Company that Offer you Insurance Facilities for your Gambling activities because Gambling is just a Game of Luck and Not a Business, So No Company Owner wants to Insure a Game of Luck and I also Suggest you to Leave Gambling and do some other Business because it's good for your Future........

i think so because the company don't want to risk their money to give insurance for gamblers to retain heavy losses, its about gamblers responsibilities when they are playing gambling and its not for other people. i think the insurance company don't want to give their insurance to cover the gamblers but its different if gamblers is borrow the money from them because gamblers should give payback to that company.

The main reason of insurance company that's why they offering that kind of service because they are expecting their customer to not any accident happened so that they can have profit on monthly payment from their customer. So why they will be decided to establish an insurance for gambling while the possibility of lossing is very high and it is unprofitable.

ethereumhunter

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Quote from: wintermeasures on February 20, 2017, 12:22:33 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.

According to me there is no Company that Offer you Insurance Facilities for your Gambling activities because Gambling is just a Game of Luck and Not a Business, So No Company Owner wants to Insure a Game of Luck and I also Suggest you to Leave Gambling and do some other Business because it's good for your Future........

i think so because the company don't want to risk their money to give insurance for gamblers to retain heavy losses, its about gamblers responsibilities when they are playing gambling and its not for other people. i think the insurance company don't want to give their insurance to cover the gamblers but its different if gamblers is borrow the money from them because gamblers should give payback to that company.

yangzhij1

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Quote from: JL421 on February 14, 2017, 10:11:39 AM

I think this will be a good idea for the gamblers who gamble daily but only for those who gamble in actual casinos not for the online gambling because I have heard there are some sites which give bonuses or cashback when they invest in gambling online so it can be like a type of insurance. And I do think something like this does exist because nowadays people can insure anything like literally anything.

This is a fantastic and practical idea. Actually, we have been working and developing this, called Piggy Bank. We will provide #responsible gambling for gamblers. For thousand years, bankers in casino has never lose money. And now, I would like to reverse and revolutionize the gambling industry by letting casinos to give money back to gamblers. Let me know if you have interest.

wintermeasures

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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.

According to me there is no Company that Offer you Insurance Facilities for your Gambling activities because Gambling is just a Game of Luck and Not a Business, So No Company Owner wants to Insure a Game of Luck and I also Suggest you to Leave Gambling and do some other Business because it's good for your Future........

Topic: Is there any insurance service for gamblers to retain heavy losses....??? - page 12. (Read 6957 times)