Topic: Is there any insurance service for gamblers to retain heavy losses....??? - page 4. (Read 6957 times)

If there's an existing insurance, most gamblers would avail that even it will cost them money.

The control is where the difficult starts. But it's said, that harder to find if there's one that exists. And in that reason, controlling would be the safest option if someone wants to gamble with assurance of mitigating the losses.

If you know how to limit, means you are responsible, you don't need an insurance for that since insurance doesn't really exist in gambling, you know what exist, it's taxes, from players and the casino operators, so we don't need to hope for that.

Limiting is a must.

If you keep on switching from one to another, that's not a problem. A gambler is doing that if he's not satisfied with his game play on the certain casino he's playing.

The insurance is out of that but there's no such offer to avail, that's why that limiting is the manual method that a gambler can apply to avoid too many losses.

It is just ridiculous to even think that some insurance company would be willing to provide cover in case you gamble irresponsibly. Losses always happen during gambling. If you want to avoid "heavy gambling", then you need to stick to strict profit booking and stop-loss targets. Insurance companies can't help you in this matter and if you incur losses then it is up to you to deal with them.

I never heard something like that when some site offers those things, I mean every player will get to that site and continue to play there. I think that's just a matter of assurance when you lost on your big bet and you will get some money for your loss. If that was the case then those people who play on that kind of platform will continue to play until they lose everything they have even the assurance they got from their heavy loss.

Please don't cut my quote if you don't know anything and not understand what I am saying.


I know the insurance company is one of the biggest profit businesses, but they need to have a big capital to create that business. How can they pay people who ask for the insurance if they don't have a big capital? It is not right that you only need to collect and collect your money from customers, but you must be on their side when they got the worst thing. Do the insurance company give the insurance money to their customers in a short time? While they ask for the insurance fee for their member monthly, and if their members are late paying the insurance fee, they need to pay a fine.

I am saying in the previous quote that the insurance company and the casino will not care about the gamblers because all they want is just taking more money from the gamblers. That makes the gamblers need to care about themselves and have a responsibility to take care of their money, not lose their money, and don't really need the insurance company to ask for a refund because of their loss.


I don't say "Insurance money used in the gambling industry". Please read carefully what I write.

Yes, gamblers need to pay insurance from their pocket to which I don't think many gamblers will agree with that because that means, they need to spend more money, playing gambling and pay the insurance fee. They will feel they don't have free will to manage their own money, although with or without insurance company integration can make them have an effort to manage their money.


How they can be insured for their future while they are playing gambling and have a chance to lose their money? Is it because if they lose money, they will get their money back? That is not so fast because the insurance company will not pay the money to the gamblers easily. The insurance company will investigate why the gamblers can lose the money, especially if the gamblers lose the big money.

The whole point is the casino can integrate their business with the insurance business or create their own insurance business, but the gamblers can deny that plan, and they will try to search for the other casino which doesn't have the insurance.

This will have two sides, which is the gamblers who will use the insurance business and the gamblers who will not use the insurance business.

Like any gambling, you should give yourself a budget say $100 at a Casino and when the money's gone, that's when you walk away.  Similarly, if you've been playing for just ten minutes and win $500, you should also be prepared to walk away, even if it's just to the bar for an hour.

Not a guarantee that it will protect you on further losses. You might had been blocked on a site for 24 hours but to consider on how many gambling sites out there is
available for you to play? Registering does only need few clicks away and then youre good to go for you to play once again without needing to wait for a day to play again.

It all matters on self control and you can actually stop if you do really tend to so without having those buttons or whatsoever.If you do really play gambling
with have corresponding financial limit then you would really be aware towards your spending.

Even How good features gambling site offers us yet it is our desire and self control that will dictate the outcome , gambling is not that bad the problem is our approach and treatment .
For a Long time gambler ,Realization is what they face that We will never win In gambling if we know nothing in How to manage our funds and winning.
Or Maybe there are already existing ?we just don't have idea ,because this seems to be a Good business so why aren't starting to offer this.

Having  a fixed stop loss limit is a good approach to gambling. I also like the new emergency button which is added to most casinos over the last few months. It's not really an insurance but if you lose big and want to take a break, it's the fastest way to look yourself out. And it prevents you from logging in again over the next 24 hrs. So you protect yourself from losing more.

Which makes this specific kind of insurance a failed business in this case. If gamblers will gamble more often than ever because there is an insurance company which will pay them their losses if they ever get big enough, then the gamblers will definitely drain out the insurance's fund. It may happen that the insurance will pay bigger than what it actually receives from the gamblers' payment plus any additional income from investing these funds.

The insurance may surely loaded with clients if ever this kind of gambling loses insurance happen. This might be the happiest life of gamblers and they may never feel wprried about their loses and they will definitely enjoy their game.

But sadly as we have thought always this might seem in the last list of the insurance company to consider. But we do hope that someday this might gonna happen and insurance company can consider this possibility because there is so much gambler now.

Do you really understand what your talking about? Insurance is business and Everything that will give them Profit is what they care, You should try to have a Good understanding before giving your opinion because this only proves one thing ,You know nothing about How business goes.

Insurance company is one of the biggest profit making business because this has need no big capital ,you only need to Collect and collect for the time being because they will only take their part once the time of their choice comes and mostly it will take long years.
and what are you saying that "Insurance Money use in gambling industry"? Gamblers need to Pay insurance directly in their Pocket and it is not the Industry of gambling will care for them.
It is not onlythe gambling owner can create a insurance business, it can be done by private people , they only need to approach gamblers to insured their names and pay the specific amount per month,quarterly,semi annually or annually depend on their terms.

what important here is that they will be insured for their future.

Insurance agencies will never touch something that will lose them their profit, yes they will not go for compulsive gambling as part of insurance because they will be losing the money because the player is always losing the money, it can still be possible to formulate such dangerous type of insurance though, the only problem is you need to be a persuasive one.

That is what we must do before we gamble, but unfortunately, most gamblers forgot to use that limit and plan, and that can lead to losing their money as soon as possible. The casino can offer the option to limit the money and time, but the gambler needs to have a responsibility to themselves, so they don't get any problems. The insurance company can't help the gamblers, and if the insurance company knows that the gamblers break their limit, they will not give the money to the gambler because that is their mistake not to take care of their money.

If insurance guys already think of something for gamblers, we should have that a long time ago. But seems that no one dares to touch the insurance thing in gambling industry. Because degenerate gamblers will bankrupt them easily. 

We wont really need any feature that the house do make some limit towards your gambling activity. There might be some cautions but they wont really be making for you to stop or
totally block you forcefully. I dont know on which gambling site you are talking that theyve been limiting you to play to know that they do much prefer for people to continue
until they do bust up their entire bankroll.


No business will be considering on jumping or applying gambling into their vicinity or scope of benefits.Its just really a suicide into their business if they do able to do so.
Lots would be on lost and lots would really be claiming and even if they do ask out for some premium amount for the insurance then i dont see of it to be enough.
Why would need insurance if we can actually stop ourselves midway before do get wrecked?

Make a plan when you gamble. Using a limit on your own can also help. Some sites also have the option to set a limit when you play.
The problem with that is that you can then easily switch to another site and continue over there.

It is total nonsense but people see it and they are attracted to it because they think they will finally have deep enough pockets to beat the casino but this is nothing but a dream, insurance companies are in fact world experts at grading the risk a client brings and if they are not happy with that they will either try to convince the client to change their ways or simply drop the client and there is no way any insurance company in the world will take such an obvious bad deal for them.

Insurance services meant for gamblers are unlikely to happen, at least not during this times. Setting up such services would need a thorough discussion and planning because it can make the other party suffer more by escalating losses or influencing addiction.