Topic: Is there any insurance service for gamblers to retain heavy losses....??? - page 5. (Read 6889 times)
December 25, 2020, 07:26:50 AM
Gambling is all about risking our money for an additional earning. Here one can be lucky or else can end up losing all the funds. If there exists an insurance scheme to compensate the loss, then gambling won't be that effective. Maybe users who end up losing big could feel little stress free if they get atleast some funds. The chances of such insurance scheme is quite low.
December 25, 2020, 04:38:35 AM
The majority of gamblers do not expect that an insurance company can set up an insurance plan for gambling losses, but we can recommend that they set up a plan for those who can give up gambling for a period of time, it's like compensation for not gambling for a long period of time there should be a compensation for those who are trying to give up being compulsive gambling, even if the cost is coming from their own money.
December 25, 2020, 03:11:51 AM
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.
Gambling is called gambling because it takes guts to put money on the table without knowing if you are going to win or not. If a casino would offer an insurance for people who gambles, it might be an asset for them because people would come knowing that still they will not lose all their money. But it will just lose the feeling and culture of gambling since you will be a loser after all if you are not lucky enough.
December 24, 2020, 10:56:15 PM
This is the first time I've come across this thread which kind of defies logic. You're asking should we give a chronic gambler a get out of jail/the poor house card to help ease their pain.
It's no different to suggesting all alcoholic anonymous meetings be held in the tasting rooms of a major brewery.
It just doesn't make sense.
It's no different to suggesting all alcoholic anonymous meetings be held in the tasting rooms of a major brewery.
It just doesn't make sense.
December 24, 2020, 07:23:32 PM
If you dont like to suffer problems then better not to engage with it.
No, gambling is fun, we lose that is normal but we have to avoid a heavy loss as that is not gambling responsibly anymore. We are not into business, at least for most of us, we just want to enjoy and hope to win, that's it, but those who are really serious, they have to ensure they have the knowledge and the ability to stay discipline all the time, regardless of how much they loss.
Insurance are only for coward.
December 24, 2020, 06:36:17 PM
This is a lol for me.
Why should an activity like that have insurance? It's like saying people should just gamble and gamble and gamble because their losses can be covered.
Its totally nonsense if you do consider out that insurance company are indeed aiming for profits or simply a business and on what the heck they would building out a business if they do
know that they are on the negative side of things.
If gamblers do look for some cashback or rakeback then house do offer that but they shouldnt dream that there would be some sort of insurances that will really be diving into this kind of venture.
Its just totally nonsense.
If you dont like to suffer problems then better not to engage with it.
December 24, 2020, 03:45:06 PM
This is a lol for me.
Why should an activity like that have insurance? It's like saying people should just gamble and gamble and gamble because their losses can be covered.
December 24, 2020, 12:41:55 PM
When you lose a lot of money, several scenarios can arise. You want to win back the money as quickly as possible, and you get tilted and bet a lot more.
You relax, don't gamble for a while and think about not giving up gambling completely. You agree on a limit with yourself and see gambling as fun and not something to make money with.
There are more options, but these seem to me the most common. The main question remains: Do you want to continue gambling or quit?
You relax, don't gamble for a while and think about not giving up gambling completely. You agree on a limit with yourself and see gambling as fun and not something to make money with.
There are more options, but these seem to me the most common. The main question remains: Do you want to continue gambling or quit?
December 24, 2020, 12:25:09 PM
The insurance companies will go bankrupt if they insured individuals against gambling losses and it would be highly unethical to do that, because it would encourage people to gamble more, if they knew that their losses would be covered.
On the other hand, I have seen a Lottery site that offers Lottery services from sites all over the World and they take out insurance to cover their payouts. So even if they do not host all the different Lottery services, they are still covered if someone wins one of them. (You can play Euro Lottery and the US Lottery and even a 2000 BTC Lottery on one site)
On the other hand, I have seen a Lottery site that offers Lottery services from sites all over the World and they take out insurance to cover their payouts. So even if they do not host all the different Lottery services, they are still covered if someone wins one of them. (You can play Euro Lottery and the US Lottery and even a 2000 BTC Lottery on one site)
December 24, 2020, 12:19:12 PM
Insuring gambling loses would be like insuring the gas in your car. Though it may sound nice for the person that wants to insure, it's an stupid idea on the side of insurance company. These insurance companies only insures for events that are not most likely to happen. Less than 1% is what they aim for. And in case of gambling, there's more than 50% chances of the player losing.
If you think they could go with small rewards to mitigate the risk, there are some gambling site that provides with a cashback. Which itself is a small insurance against loss.
If you think they could go with small rewards to mitigate the risk, there are some gambling site that provides with a cashback. Which itself is a small insurance against loss.
December 24, 2020, 12:10:03 PM
There isn't similar service and won't be. When it comes to insurance, you pay a fixed amount of money. Years may pass and you won't have a need to use insurance (health, auto, etc), insurance covers the things that are unlikely to happen from you (Do you want a car crash? No). It happens like money is collected and spent on those who need it at the moment in different things. Gambling addiction is a thing that needs treatment. When you pay for example $100 in gambling insurance while losing thousands of dollars, it's can't be a profitable business. You gamble and it's mathematically guaranteed that you'll lose on long term and since insurances work on long term plans, it won't happen.
December 24, 2020, 11:29:45 AM
Gambling in casinos and bookmakers is not an option in which you can somehow assess the possible losses, especially of some third-party campaigns. The risk of incurring financial losses is so great that no one wants to associate with it. The only option, for loyal customers, is a possible return of a part of the total loss.
December 24, 2020, 11:00:43 AM
But yeah why seems no one is offering this? Is there no good returns if insurance for gamblers may be opened ?
I thinks this is worth investing ,because all they do is spending and not thinking for what tomorrow may bring.
I thinks this is worth investing ,because all they do is spending and not thinking for what tomorrow may bring.
It's just encouraging more gamblers and even non-gamblers to gamble. Someone can get addicted and ruin their life without hesitating to gamble just because they are insured. Gambling is voluntary so it's not anyone's fault if they ruin their life because of this.
Well, I would like to see if there is a site that did this thing consistently.
TBH, this kind of service will be good but to wonder why we never saw this is probably due to the fact that they are not true to their promises and the site itself never profiting.
The service seems good but gambling is a risk and it's our individual choices and free will to gamble, so gambling sites are not obliged to give us insurance services for our possible losses.
December 24, 2020, 09:39:29 AM
Unless they only set on what amount the losses will be insured.
This is a joke, even if they set an amount to be insured but I don't think there's a way that both will benefit, either will benefit and the other will suffer, and therefore this is not viable as a business, if it is, one has already think of it and implemented it in the past.
December 24, 2020, 09:14:54 AM
Unless they only set on what amount the losses will be insured.
December 24, 2020, 12:08:06 AM
This will favor casinos if there is insurance that will cover their losses. This will also encourage gamblers to fearlessly gamble. But, if such insurance exists terms and conditions for an insurance claim for gambling losses will not be as easy at it seems. This might lead more gamblers being addicted to gambling which may cause serious gambling problems. Insurances will not let people get their money out easily.
Unless they only set on what amount the losses will be insured I'm thinking that it will be huge and more strict since gamblers tend to be more agressive to gamble when they know there's something to be backed on them may it a salary or some insurance (if there is). I do agree that it will just get more problematic if this kind of system is implemented and I don't think that even in the near future we will ever see this. 
December 23, 2020, 11:57:12 PM
actually i find no funny in this mate,gambling has a tons of money involved so Why not provide insurance business? Who cares about what gamblers do ?who cares if they gambled all their time? the thing is this is business and what only matters is their payments and continues membership ,and also if they stop the dues? then business owner gain more because there is no refund in insurance like this.
No one will care about what gamblers do except that person because he needs to realize that playing gambling all their time will not give them a big chance to win. It is their responsibility to take care of their money. If the insurance business is used in the gambling industry, it will not be easy to give the gambler's money, especially if the gamblers use big money to gamble. After all, the gambling business owner will get big money from the gamblers, no matter if the insurance applies to the gambling industry.
December 23, 2020, 11:48:03 PM
This will favor casinos if there is insurance that will cover their losses. This will also encourage gamblers to fearlessly gamble.
Absolutely mate and this will extend the Stupid ways of other gamblers .Quote
But, if such insurance exists terms and conditions for an insurance claim for gambling losses will not be as easy at it seems.
yeah possibilities are .Quote
This might lead more gamblers being addicted to gambling which may cause serious gambling problems. Insurances will not let people get their money out easily.
Well That's something that we can't prevent mate, but lucky that there is no existing company that offers this. 
December 23, 2020, 11:22:24 PM
This is a lol for me.
Why should an activity like that have insurance? It's like saying people should just gamble and gamble and gamble because their losses can be covered.
There will be no disciplined gambler if they know there's a thing on their back that can cover all their losses. They will just throw money doing gambling without thinking of a good strategy on how to minimize their losses.
Disciplined gambler already knows that from the start ,they know what's good to do so they need nothin to be insured because they can plan and invest for themselves ,so the main objective is not for them. December 23, 2020, 10:42:50 PM
Gamblers Needs assistance because many of them are just being blinded of the Greed input to their mind because this was being thought to them of gambling or gamblers that encourage them to learn this,so they have no long views of the effect but what they know is the present .
This is a lol for me.
Why should an activity like that have insurance? It's like saying people should just gamble and gamble and gamble because their losses can be covered.
There will be no disciplined gambler if they know there's a thing on their back that can cover all their losses. They will just throw money doing gambling without thinking of a good strategy on how to minimize their losses.
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