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Topic: Is there any insurance service for gamblers to retain heavy losses....??? - page 8. (Read 6884 times)

legendary
Activity: 2688
Merit: 1065
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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.
sr. member
Activity: 2366
Merit: 305
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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.
legendary
Activity: 2310
Merit: 1033
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Some online casinos offer rakeback bonuses. Some offer you a certain percent of your bet stake or a percent of your lost bets so you can continue playing.

If there were an insurance service offering protection the only possible option I would think of is that you would have to respect a certain maximum stake per day or per month.

sr. member
Activity: 1666
Merit: 267
If there is an insurance company that dares to provide insurance for gamblers for any heavy losses experienced, the company will
definitely go bankrupt. Because according to statistics most gamblers experience a greater amount of loss than the amount of profit
generated. So from this alone it can be concluded that there is no insurance company that dares to provide insurance services for gamblers.
Gamblers can get several rewards and bonuses that are given by some casinos to cover a part of the amount of losses experienced.
This makes more sense than gamblers expecting insurance services from losses already experienced.
legendary
Activity: 2996
Merit: 1053
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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.
This sounds like the Movie industry ? that while Making a movie there is a small part that comes to savings for the actors/actresses Retirements ?

Sounds cool ,But Hopefully the owner of the said insurance company is not a gambler ,because there is a chance of the collected amounts will be gambled first to tale a chance of Doubling your insurance in future
 Grin
hero member
Activity: 1736
Merit: 589
Forget this thing coz it probably never and ever existed in gambling. What we have to secure and filed for an insurance certificate? No, and nothing to secure with.

In gambling, we are not losing because it was an accident( as mostly one requirement to claim insurance), yet we suffered losses because that is the frequent thing to happen. And hat because we know that losing in gambling is inevitable.

Insurance in gambling are definitely a low possibiliry idea because as you know, gambling is one of the easiest way to earn money or profits and also one of the fastest way to lose it. Insurances are the on who take care if a individual is on a edge of losing something with a big amount or value and sometimes if in accidents. Insurance in gambling are quite impossible because when you play gambling, it is all about the risk of your own money in your own pocket. There is no existing imsurance for it. The idea of saving or to cut you loses is by yours idea also of strategizing how to play intelligently, good and rich. If you want some help or seek some advices, I think the most common for it is those who called financial advisors. They can give some techniques, advice for you able to avoid a lot loses and gain or earn more of the profits.
sr. member
Activity: 1750
Merit: 260
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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.
legendary
Activity: 2618
Merit: 1181
I think some sportsbooks offer this service internally, but the received values are worth nothing against the loss. And there should not be such services available to gamblers imho as it will just provoke a gambler to gamble that money also which is in no good for them.
It doesn't make sense for a gambler to want to get insurance for losses arising from his gambling activities. When they decide to bet, they have to accept all the consequences arising from their activities. I cannot possibly hold a gambling site accountable when all my money is used up while gambling, this is a normal situation that all gamblers should accept.
hero member
Activity: 2744
Merit: 541
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With this we only giving consent to every Addicted or Heavy gamblers to continue their Way of living because of Insurances like this?

Look How much amount they are spending and losing each time they gamble?
then Why not take a part of those Money and Insured themselves .

They don't need to look for others doing this for them because it's their obligation to save for themselves .
legendary
Activity: 2618
Merit: 1105
I think some sportsbooks offer this service internally, but the received values are worth nothing against the loss. And there should not be such services available to gamblers imho as it will just provoke a gambler to gamble that money also which is in no good for them.
full member
Activity: 1316
Merit: 105
there is no any insurance service for the gamblers because due to the risks the insurance premium will be very high so gamblers would prefer to lose this money ) gamlers should take decisions carefully in order not to lose all their money.
member
Activity: 504
Merit: 33
I don't think there's anything like that and it doesn't make much sense having something like this either...

It's not like you are not aware of risks that gambling with the money that you can not afford to lose has, there's a very big difference between gambling which is in your control and other things like having your house burned down, your car being stolen or any other thing that could happen to anyone, so better accept the fact that you can lose it all while gambling and with that in mind lower the amount of money that you gamble on if it's too much and you think you will be broken up about it if it's gone.
legendary
Activity: 3080
Merit: 1144
Forget this thing coz it probably never and ever existed in gambling. What we have to secure and filed for an insurance certificate? No, and nothing to secure with.

In gambling, we are not losing because it was an accident( as mostly one requirement to claim insurance), yet we suffered losses because that is the frequent thing to happen. And hat because we know that losing in gambling is inevitable.

And since gambling is an entertainment, so there's no reason to let our money insured if just want to have fun while gambling. This is a burden on the part of the insurance company if they ever exist and if they operate, for sure it will no last because gamblers are smart, they want to win and just abuse the insurance.

why are we talking about insurance anyway? this is gambling, we either win or lose and we don't need insurance since we have accepted that we are talking this high risk kind of entertainment.
full member
Activity: 924
Merit: 220
In blackjack game there is an insurance you will buy and can be used in the game but not about the losses you make. Insurance is only for any asset that has value and its use will depend on how much you will going to pay for the insurance probably set by the insurance company. In gambling, I do not see any insurance that will going to cater for the losses of the gamblers especially if it all talks about debt and selling of house as a collateral. Insurance company will not allow that to happen when you use insurance for that kind of lose you made. Besides, a gamblers always lose in gambling and that the insurance will get high loses after it will going to pay the gamblers for their loses.
sr. member
Activity: 1106
Merit: 310
I think there is no such thing as insurance for a gambler like you can get back a percentage of your losses, if there is one there will be lots of gambler flooding casinos for sure, if you are afraid to lose money then what needs to be done is just play, like a minimum game, after that go home, there are lots of reasons why people gamble, what I know is you can put something you own as collateral but not insurance when you lose.
hero member
Activity: 2744
Merit: 517
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Forget this thing coz it probably never and ever existed in gambling. What we have to secure and filed for an insurance certificate? No, and nothing to secure with.

In gambling, we are not losing because it was an accident( as mostly one requirement to claim insurance), yet we suffered losses because that is the frequent thing to happen. And hat because we know that losing in gambling is inevitable.
Ucy
sr. member
Activity: 2576
Merit: 401
Insurance for gamblers sound strange.
My guess is that insurances are for occasional problems or problems we didn't expect, like accidents.
I wonder who will like to insure people who choose to take big betting risk. People would probably take such careless risks always to get paid.
Insurance for responsible Bettors would make sense. They'll be expected to make very few occasional mistakes that probably make them lose huge amounts.
hero member
Activity: 1498
Merit: 506
Neither have I came across or heard of insurance services for gamblers. And I don’t think if there would be any.
Although it would be an enticing idea for the many, I don’t think that this would be easy for insurance companies.
Whereas, there is a high probability of losses and bankruptcy if a company would be insuring gamblers.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
No one will ever give an insurance to gamblers if there's a company that gives insurance to gamblers I'm pretty sure a lot of gamblers right now is not losing, most of the time gamblers losses and I don't think insurance companies wanted something like that to happen.

For sure no one will because otherwise we will already see a gambling insurance, it does not exist and it's not viable in real business. Insurance are usually for unforeseen events like tragedy cause by typhoon, earthquakes or death because it does not happen all the time or most of the time, so the rate is low, while a gambler can lose money everyday, so no insurer would take that as a business.
full member
Activity: 1638
Merit: 122
Insurance companies are profit oriented, before you can make out of them they will the first one to make profit, so if ever they will come out a plan, they will make sure that they are the one who will make profit out of it, they will have a lot of stipulation if ever they will launch a plan for gamblers maybe in the future we'll see one, we never know.

That is the plan of the insurance companies if the insurance will be applied to the gambling industry. So I do not think that gambling can easily ask for a refund on their losses because the insurance companies will investigate first before they can give the money. But I guess that the insurance companies will not let the gambler complain about their loss since that will be the gambler's mistake.
thats how it work they need to make a research on the gambler after he ask for insurance if the claim was true or not but if proven that its real that a gambler have lost they must surrender the funds as what is stated on the plan . and why will stop the gambler to complain when its the right of the gambler to complain or not but why will they complain anyway .
 why not talk to the insurance company calmly because they will still get what they want and complaining is verry unprofesional i will be shy to do that .
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