Is there any insurance service for gamblers to retain heavy losses....??? - page 7.

peter0425

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Quote from: Fundamentals Of on December 22, 2020, 10:05:27 AM

I haven't heard of one either. And I think that one could hardly be offered by insurance providers because that is too risky. Gamblers are losing more often than winning. The high rollers or VIP gamblers, who are probably the ones that will take advantage of such insurance product, are definitely losing a lot of money all the time so that would result to a lot of payouts from the insurance companies. They might end up bankrupt if they get into this kind of very risky kind of insurance business.

But sounds worth having one right?specially to gamblers that has no much family left,insurance will save them in their darkest days when the effect of too much spending from gambling comes..
Or maybe there are something like this but not familiar in this forum and from us also.because i believe that all kind of business and offering has been done by humans noawadays.

btc78

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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 love this one, You have given me an idea because me and with my best friends wanted to venture in a Small business that will let us explore the world together and at least make profit.

We all love to gamble but with moderation so Having an gamblers insurance company will be our break,also our offices located near the biggest Casino compound in our country si targeting and luring will not bring us hard time.

And i will start this here for promotion Posts ,because i think Many gamblers also wanted to settle their Future but the call of gambling is always there, so We may help them enjoy their moments while having at least foundation for the future.

Fundamentals Of

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I haven't heard of one either. And I think that one could hardly be offered by insurance providers because that is too risky. Gamblers are losing more often than winning. The high rollers or VIP gamblers, who are probably the ones that will take advantage of such insurance product, are definitely losing a lot of money all the time so that would result to a lot of payouts from the insurance companies. They might end up bankrupt if they get into this kind of very risky kind of insurance business.

dishku

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That's crazy idea but who will pay for anybody stupidity if any player can't afford to loss than he should never do gamble in any way. This idea wouldn't work in real life because nobody want to put their business on risk when someone get guarantee he will get recover his losses and its against the spirit of gambling too.

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Quote from: toast on December 22, 2020, 04:09:11 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.

well if there are insurance service for gamblers i really think that would cause them too much trouble since most of the time gamblers will always lose. well i don't think such insurance exist if there's one probably just a scam one.

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I think it's better to insurance company to have it in gambling casino owner not from the players. It will not work if it's for players, for a reason that they are gambling their own money ,and they will not stop as long as they have insurance expected to claim and how will the insurance company benefit then?

k@suy

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Quote from: jademaxsuy on December 22, 2020, 06:47:52 AM

Quote from: bitterguy28 on December 22, 2020, 04:51:24 AM

Why will cause them trouble ?when before having a Insurance plan you need to pay for a certain amount and if you did not comply to the specific Dates allocated for your Payment ,then surely they Will lose the Plan and the advance payment will be theirs ,actually this is a win win Business,as Gamblers wont really continue their Insurance .

Insurance company should never go into gamblers instead to gambling activities. We know that gambling business will always do good because of house edge. This is why in the long run gambling business will do good and should insurance company encourage to get their insurance services. This will help them to earn as insuranfe provider and at the same time to get the gambling business at ease whenever sudden loses will be experience and that loses can be cover by the insurance.

As a gambler, to know that whatever loses i may admit whil gambling thinking that i am covered with loses insurance as a gambler would definitely enjoyable and could give gamblers a free to decide how much they wanted to take risk without worrying of how huge their loses already. But as much as we wanted to have a gamblers insurance as of now there is no insurance company considering this.

jademaxsuy

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Quote from: bitterguy28 on December 22, 2020, 04:51:24 AM

Why will cause them trouble ?when before having a Insurance plan you need to pay for a certain amount and if you did not comply to the specific Dates allocated for your Payment ,then surely they Will lose the Plan and the advance payment will be theirs ,actually this is a win win Business,as Gamblers wont really continue their Insurance .

Insurance company should never go into gamblers instead to gambling activities. We know that gambling business will always do good because of house edge. This is why in the long run gambling business will do good and should insurance company encourage to get their insurance services. This will help them to earn as insuranfe provider and at the same time to get the gambling business at ease whenever sudden loses will be experience and that loses can be cover by the insurance.

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Quote from: toast on December 22, 2020, 04:09:11 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.

well if there are insurance service for gamblers i really think that would cause them too much trouble since most of the time gamblers will always lose. well i don't think such insurance exist if there's one probably just a scam one.

Why will cause them trouble ?when before having a Insurance plan you need to pay for a certain amount and if you did not comply to the specific Dates allocated for your Payment ,then surely they Will lose the Plan and the advance payment will be theirs ,actually this is a win win Business,as Gamblers wont really continue their Insurance .

toast

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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 there are insurance service for gamblers i really think that would cause them too much trouble since most of the time gamblers will always lose. well i don't think such insurance exist if there's one probably just a scam one.

Wawa2013

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Quote from: maydna on December 21, 2020, 10:42:18 PM

Quote from: Noctis Connor on December 21, 2020, 09:17:18 PM

Some of gambling companies offers this kind of service and it was legal here in my country but you need to pay your taxes in government also even you lose that much once you played already win or lose you need to pay, it is like you lose more but there are some good news some of them if you lose they will give you an item you can sell or rebuy some stock to play again but it is up to you if you want to continue or not . because in the end You still lose because you the tax you to pay.

At least, they still make money from the gamblers because they need to pay taxes, whether they win or lose. But I don't think that if they give an item to us, that can cover our loss or not because I don't think that our losses will be small. But that item can give something to us, and at least, we are not losing all of the money, although that item can't replace what we already lost. Yes, we still lose because we spend more money to pay the tax. From that, I think we need to be careful to spend our money on gambling games.

I agree that the system is as good as any given by the gambling platforms, if we gamble of course we will end up losing money. Because
gambling platforms were created to get profit from losing users, so if we are guaranteed by giving items if we experience defeat, does not
mean that these items will be able to replace all the money lost when you experience defeat. So I agree with you to be careful when spending
money when playing gambling is important, we are also obliged to limit ourselves when playing gambling. We must know when to stop playing
gambling.

livingfree

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Quote from: hahay on December 21, 2020, 05:56:41 PM

I really didn't think of things like this because even if there is insurance related in question, I guess it only applies in areas where gambling is legal and regulated by the government. For that reason, I'm not sure there is a company that opens such a service but if there is such a service out there then of course that is something good, because even if you lose in gambling but with insurance at least the gambler still can go home with some money in his pocket.

Insurance would make a term that's in favor of them and not with the insured gambler. There will be some possible terms that are different from the typical insurance that we have.

Like premiums will be paid higher and the coverage would only meet near to that amount coverage and the insurance company would earn high with the fees. Or there will be a huge minimum amount of being insured to avail this sort of service. But until now, there's none like it. Never seen one.

maydna

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Quote from: Noctis Connor on December 21, 2020, 09:17:18 PM

Some of gambling companies offers this kind of service and it was legal here in my country but you need to pay your taxes in government also even you lose that much once you played already win or lose you need to pay, it is like you lose more but there are some good news some of them if you lose they will give you an item you can sell or rebuy some stock to play again but it is up to you if you want to continue or not . because in the end You still lose because you the tax you to pay.

At least, they still make money from the gamblers because they need to pay taxes, whether they win or lose. But I don't think that if they give an item to us, that can cover our loss or not because I don't think that our losses will be small. But that item can give something to us, and at least, we are not losing all of the money, although that item can't replace what we already lost. Yes, we still lose because we spend more money to pay the tax. From that, I think we need to be careful to spend our money on gambling games.

Noctis Connor

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Quote from: hahay on December 21, 2020, 05:56:41 PM

I really didn't think of things like this because even if there is insurance related in question, I guess it only applies in areas where gambling is legal and regulated by the government. For that reason, I'm not sure there is a company that opens such a service but if there is such a service out there then of course that is something good, because even if you lose in gambling but with insurance at least the gambler still can go home with some money in his pocket.

Some of gambling companies offers this kind of service and it was legal here in my country but you need to pay your taxes in government also even you lose that much once you played already win or lose you need to pay, it is like you lose more but there are some good news some of them if you lose they will give you an item you can sell or rebuy some stock to play again but it is up to you if you want to continue or not . because in the end You still lose because you the tax you to pay.

xSkylarx

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Quote from: Twentyonepaylots on December 21, 2020, 06:09:39 PM

As far as I onow there is something like this but is exclusive in Japan only. But there is a catch. It has to be golf and the parameters are as folows:

*Must be playing golf with an acquaintance or a friend
*Must be betting to get a hole-in-one
*Must get a hole in one

Under these conditions, the person who sinked the ball will have to automatically throw a party that may cost him/her something from $4900-$8000. And so, insurance companies in Japan includes these in their packages so winners don't have to pay for the party leaving them cashless in the process.

That can't be considered insurance IMO. It's more like a promotion to attract more golfers in that place. If it's in their culture to throw a party when they sink a ball then that place offering that kind of "insurance" will earn tons of profit. Out of 100 balls being hit, think how many to that is sink. If it's only 10 or less then they are surely earning a lot from that.

Twentyonepaylots

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As far as I onow there is something like this but is exclusive in Japan only. But there is a catch. It has to be golf and the parameters are as folows:

*Must be playing golf with an acquaintance or a friend
*Must be betting to get a hole-in-one
*Must get a hole in one

Under these conditions, the person who sinked the ball will have to automatically throw a party that may cost him/her something from $4900-$8000. And so, insurance companies in Japan includes these in their packages so winners don't have to pay for the party leaving them cashless in the process.

hahay

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I really didn't think of things like this because even if there is insurance related in question, I guess it only applies in areas where gambling is legal and regulated by the government. For that reason, I'm not sure there is a company that opens such a service but if there is such a service out there then of course that is something good, because even if you lose in gambling but with insurance at least the gambler still can go home with some money in his pocket.

Botnake

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Quote from: ReiMomo on December 21, 2020, 05:05:35 PM

Quote from: carlfebz2 on December 21, 2020, 04:16:28 PM

We do know that rakebacks do exist but not into that insurance thing.Who would be the hell would be giving out such service if they do know that gambling does involved on being on the losing side most of the time?

Therefore, no gambling site that has incentives, that's impossible. Just accept your losses if there is.

It's a promotion in the site, I do read that kind of promotion "rakebacks" from some of the sites but if ever there's an insurance in gambling, it should not be the gambling site who will provide and insurance but the 3rd party which you are right does not exist.

AmoreJaz

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Quote from: ReiMomo on December 21, 2020, 05:05:35 PM

Quote from: chaser15 on December 21, 2020, 04:14:34 PM

Quote from: ReiMomo on December 21, 2020, 03:51:08 PM

That's right, just gamble on what you can afford to lose because some gambling site did not offer insurance service, once you have lost, that's it, you need to accept that your money was gone.

And gamblers should not always expect that feature. Being a gambler needs a responsible act as no insurance that can cover the loss.

The losses here in gambling are intentional act and not by accident, not the common losses covered by the usual insurance.

Just be thankful that there's a site that offers a Rakeback feature.

Exactly!

Because allocating a specific amount for gambling is my strategy, an amount which I can afford to lose, through this you will be able to manage your emotion while gambling and you may avoid getting stressed when the games go less favorable to you. Greediness will also be lessened in recovering the funds that the players lose or gaining higher profit if luck comes your way.

I'm not sure if this is applicable to others but in my years of gambling my perception over it remains the same that is I play gambling just for fun and entertainment. With other opinions that I bear for years though I often lose like the others but never I experienced anxiety nor a pang of single guilt in playing gambling.

Quote from: carlfebz2 on December 21, 2020, 04:16:28 PM

We do know that rakebacks do exist but not into that insurance thing.Who would be the hell would be giving out such service if they do know that gambling does involved on being on the losing side most of the time?

Therefore, no gambling site that has incentives, that's impossible. Just accept your losses if there is.

rakeback feature is not always present in every casino. lucky for you if the gambling site you are playing with has one. that is right, why would insurance companies will explore the world of gambling when they know exactly that gamblers are almost always on the losing side? very few can get out with their winnings. insurance thing in gambling is no doubt not profitable to be involved with. if it is, for sure, it has been already exploited with a long time ago. not gonna see this kind of business in the gambling world.

ReiMomo

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Quote from: chaser15 on December 21, 2020, 04:14:34 PM

Quote from: ReiMomo on December 21, 2020, 03:51:08 PM

That's right, just gamble on what you can afford to lose because some gambling site did not offer insurance service, once you have lost, that's it, you need to accept that your money was gone.

And gamblers should not always expect that feature. Being a gambler needs a responsible act as no insurance that can cover the loss.

The losses here in gambling are intentional act and not by accident, not the common losses covered by the usual insurance.

Just be thankful that there's a site that offers a Rakeback feature.

Exactly!

Because allocating a specific amount for gambling is my strategy, an amount which I can afford to lose, through this you will be able to manage your emotion while gambling and you may avoid getting stressed when the games go less favorable to you. Greediness will also be lessened in recovering the funds that the players lose or gaining higher profit if luck comes your way.

I'm not sure if this is applicable to others but in my years of gambling my perception over it remains the same that is I play gambling just for fun and entertainment. With other opinions that I bear for years though I often lose like the others but never I experienced anxiety nor a pang of single guilt in playing gambling.

Quote from: carlfebz2 on December 21, 2020, 04:16:28 PM

We do know that rakebacks do exist but not into that insurance thing.Who would be the hell would be giving out such service if they do know that gambling does involved on being on the losing side most of the time?

Therefore, no gambling site that has incentives, that's impossible. Just accept your losses if there is.

carlfebz2

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Quote from: ReiMomo on December 21, 2020, 03:51:08 PM

Quote from: Eureka_07 on December 21, 2020, 01:00:30 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.

Yep, most casinos offers rakeback, level rewards, wagering rewards, and other similar bonuses that allows you to gain something after that loss. Personally I love the rewrd system just like on Roobet's Rooward in which we the reward is based on how much you wagered, not loss. It's gonna be huge if you play slot games a lot.
Remember to be responsibile enough to handle your money. Don't gamble what you can't afford to lose.

Exactly, you have a point in your last sentence and I agree that Roobet has offered Rakeback reward of all wagers not just by your loss which is a good start again if your entire balance were wiped out. This is the reason gamblers will choose a gambling site that has a huge Rakeback that they think may I guess able to recover loss once the small reward after losing will be claimed and gamble again.

That's right, just gamble on what you can afford to lose because some gambling site did not offer insurance service, once you have lost, that's it, you need to accept that your money was gone.

We do know that rakebacks do exist but not into that insurance thing.Who would be the hell would be giving out such service if they do know that gambling does involved on being on the losing side most of the time?

We might see some rakebacks but expected that would really be just small but at least the house or site do consider on giving something back in what gamblers do able to spend on them.

It might not really be that big but at least you can get some money.For the insurance then no one will and no one would ever consider because that will surely fucked up their
business if there are lots of claims. Cheesy

Topic: Is there any insurance service for gamblers to retain heavy losses....??? - page 7. (Read 6957 times)