romero121 (OP)
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February 14, 2017, 04:57:04 AM |
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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.
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Henkkaa
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February 14, 2017, 06:06:33 AM |
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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.
Honestly, why? You should never gamble more than what you can afford. I don't see any point in paying premiums to some service for covering some of your losses. You either win or tou don't, and with gambling you should always be able to walk away from the table and do something else. Additionally, if you make big bets, some sites have Lossback and Betback programs, which offer some of your overall bets or losses back to you. Insurance for gambling sounds pretty silly, given that it's gambling, not for example investing, where this kind of insurance would actually work. |
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game-protect
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February 14, 2017, 06:16:31 AM |
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I am not aware about any insurance service to retain heavy losses, but there is at least some kind of insurance service if you were defrauded or your account balance embezzled, frozen, etc.. And this either cost free or for a low premium.  |
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olubams
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February 14, 2017, 06:20:36 AM |
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There is no insurance for this whatsoever, even in the real world no one will insure for a gambler. And for this service you are proposing, how will you calculate the premium and how many times will you pay for the loss. For someone who will patronise virtually all gambling sites, or who made losses on all the sites. How will you calculate the amount to indeminfy him or her. Insurance is not for business that is as risky as gambling because of its complicated status...
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ralle14
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Merit: 1877
Metawin.com
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February 14, 2017, 06:34:14 AM |
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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.
The nearest service I can think of is the moneyback/coinback promotions offered by casinos. 4grinz is offering those kind of promo if you play on thursday and lost all your deposit they will credit 10% back no rollover required but you have to be a premium member to qualify for this promo. Sportsbet.io also offers moneyback up to 100mbtc for specific sports just always check their promotions tab. |
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hatshepsut93
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Merit: 2147
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February 14, 2017, 07:08:19 AM |
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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.
Since almost all bitcoin casinos feature some sort of referral program you can just ask your friend to make account and share his referral link with you before you visit chosen site. Your friend will start getting some percentage of your wagered amount, no matter if you win or lose, then he will just share it with you from time to time. It's not the same as insurance, but essentially you will be lowering your house edge. Keep in mind that all gambling sites prohibit referring yourself, so you can only set this up with another person. |
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Harry Callahan
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February 14, 2017, 07:33:18 AM |
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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.
Why would anyone provide an insurance for gambling.If you are really interested to provide one you can start a business venture by providing insurance.  The people running these business are not foolish enough to provide insurance for gambling and if you are not aware even actors like Jackie chan cannot get a insurance cover because of their nature of work as he is getting injured all the time no company will be willing to provide a cover. Best way is ,stop gambling. |
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yueno
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Yueno
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February 14, 2017, 07:54:32 AM |
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Insurance is for your life. it is if your life is endanger that is in the insurance. So I think you refer only for loan. Loan if you have property then you will loan the loaner. That is for offline business and online business as well.
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Monnt
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February 14, 2017, 08:01:54 AM |
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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.
There is a big problem with this while most of the insurance are for life and valuable things and people cannot die just because of money. While if they get insurance for gambling then they will simply bet all of their money on max odds, if lost they insurance and get their money back. So ultimately insurance company will go in loss mate. |
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bering
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Leading Crypto Sports Betting & Casino Platform
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February 14, 2017, 09:23:37 AM |
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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.
i never heard about this before and maybe there is no such thing even most of gamblers has agree with that but how about the gambling sites owner i think they will think twice to do so and if this thing suppose there then how about the profit for gambling sites because most of gambling sites owner will expect huge loses from the players which is means huge profit from them too |
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jerelimZ
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February 14, 2017, 09:35:42 AM |
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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.
I don't think there is any service like this or will start one in future because its very hard to manage and operate such service, because a gambling site owner can easily cheat such service when his alt account loss money then it will go to gambling website's fund(his own site) and he can claim insurance from such site as well. |
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coinplus
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February 14, 2017, 09:45:37 AM |
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Actually I think you mean you need a feature like rakeback, basically some sites call it loss back.
One site I know that offers rakeback is bitdice and there are plenty more. But, why gamble when you yourself know before gambling that you will ultimately be in loss after all ? Its simply crazy and I cannot understand this mentality.
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Chin Cheng
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February 14, 2017, 09:56:21 AM |
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Insurance is for your life. it is if your life is endanger that is in the insurance. So I think you refer only for loan. Loan if you have property then you will loan the loaner. That is for offline business and online business as well.
I think you are ignorant here. You can insure even physical goods,have you not heard about property insurance,vehicle insurance and so on.  Taking a loan and gambling is one of the dumbest decision anyone could make and OP is looking for an insurance service which is not possible as no company in their right sense would dare to accept it. |
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Herbert2020
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Merit: 1137
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February 14, 2017, 10:56:05 AM |
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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.
i believe one of these less knows casinos were offering a service like that to its users (you didn't have to pay anything though). i think it had a Japanese looking name it was like a one time cash back in case you lose. they had multiple options, if you lost once per week you could take all your money back and had some other options to get a percentage back,... in general things like that. but as i said the place is not so famous around here. i will add more information if i can find it again! |
Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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NorrisK
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February 14, 2017, 11:24:57 AM |
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No insurance company will survive something like this. Insurance companies can excist because the majority of the people never need their services, while paying the fee.
In betting, the expected outcome is always negative, so the insurance companies always have to pay more than they get in fees.
I guess everybody would love to be insured against their gambling losses.
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poplolnman
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February 14, 2017, 11:25:21 AM |
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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.
The nearest service I can think of is the moneyback/coinback promotions offered by casinos. 4grinz is offering those kind of promo if you play on thursday and lost all your deposit they will credit 10% back no rollover required but you have to be a premium member to qualify for this promo. Sportsbet.io also offers moneyback up to 100mbtc for specific sports just always check their promotions tab. makes sense , consider a moneyback promo as an insurance. but i guess that wasn't what op looking for. he wondering about if here is an insurance service for those people who prepare themselves in case they got greedy and broke because of gambling , which i think no company want to take this as business since they know it wouldn't be a profit at all. |
I'm in 400,000 euros debt , dont help me , i rather die
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Ayers
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Seabet.io | Crypto-Casino
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February 14, 2017, 11:36:30 AM |
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the only insurance would be when you take a loan and don't play with your money, if you can't win you simply take another loan to repay the one that you had before, it's dangerous yes because there is a chance that you can't payback the previous loan and would accumulate a enormous debt, but i can't think of anything else to cover your losses
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milewilda
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February 14, 2017, 12:20:08 PM |
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Thats insurance thing really sounds to me is just like a cashback if we are talking of giving back a partition on gamblers losses but I don't think that a certain gambling site would made this thing like theres an insurance since its really on players responsibility if they lose amounts of money.
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chris200x9
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February 14, 2017, 12:38:34 PM |
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I think online casinos will not provide any insurance service for gamblers. But in the real casino if you lose huge money that means the casinos will fix one amount you have to play that amount, and if you lose that money, They will give you some percentage of coins it may be 10 or 20% to play again and if you don't like you can cash it. This is just one type attraction this is not insurance.
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JL421
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February 14, 2017, 03:11:39 PM |
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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.
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