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

[Aamir1]

Even gambling sites or the owners would warn you before you gamble so that you don't get mad at them later on. It is always said that you should gamble with only what you can afford to lose, and if you gamble everything and lose them all, then there is no one responsible for that but yourself. So there isn't really such a service that could give back some money to you after you lose all, at the end, you are the one behind that.

[Wendigo]

Fiat sportsbooks refund money back to players if their accumulator bets miss by 1 final leg and this can be repeated a number of times throughout every month. It's actually a great feature if you consider how many accumulator bets you have lost by just 1 leg at the Bitcoin sportsbooks.

[densuj]

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 think your idea about an insurance service for gamblers is good
because there are not insurance service for gamblers before,
but I don't know are there gamblers will use your service,
I think you can try make it, will be known the results.

[ImHash]

Yes there is, and they are called often as the idiots company where a lot of idiot investors put their money to insure gambling addicts get their money back after they lost it. even if there was some company willing to take the risk they would've take a cut in profits as well.
You go to an insurance office and ask such a question they will tell you to stop gambling you moron.

[marlboroza]

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.

Nah, i've never heard of such a thing. Poker sites have rake back, i think it is closest to get back very small amount back, but it's not insurance.

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

Loan for gambling and loan to repay lost loan is not insurance, it is very stupid decision. At the end, you will pay from your own pocket 

[Barbut]

You are talking about lossback, betback, and in poker rakeback. For example on betcoin.ag where I gamble that depends from your loyalty level. You have bronze, silver, gold, emerald, rubby.. higher level higher percent you get back.
On other sites there is daily promotions of some games, when you play them you have cash back, they send mails to announce that.

[kryptqnick]

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.

Just like others I think there is nothing like this nowadays but I think that it is actually a very good idea for a casino. It's a great way to attract gamblers if they know that in case they lose more than, say, 0.5btc, they get 0.05 of it back as a compensation. At least, from what I heard, in real casinos there actually is a thing like an insurance in a way. When you lose a lot, they give you good champagne, some nice food and pretty girls calming you down for free.

[BitSat]

Fiat sportsbooks refund money back to players if their accumulator bets miss by 1 final leg and this can be repeated a number of times throughout every month. It's actually a great feature if you consider how many accumulator bets you have lost by just 1 leg at the Bitcoin sportsbooks.

I love this feature on fiat books because this give me some good advantage in recent days I lost few ones and have money back but I am sure bitcoins betting sites cannot offered this service because its need some legal works which is impossible for them to cover this all

[xuan87]

I think it is ridiculous to have such kind of service, you are paying insurance to prevent your lost, it's mean you are spending money to pay your insurance, why don't the gambler just cut off the budget limit? and never gamble with the amount that you can't lose, but I ever encountered 1 casino that give cashback when you lost your money, but in a small percentage

[game-protect]

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.

In poker you can play and bet with expected positive outcome.

You are talking about lossback, betback, and in poker rakeback. For example on betcoin.ag where I gamble that depends from your loyalty level. You have bronze, silver, gold, emerald, rubby.. higher level higher percent you get back.
On other sites there is daily promotions of some games, when you play them you have cash back, they send mails to announce that.

No, he don't speak about rakeback!  

You get rakeback also if you win. You get a part of the commission back and this is not related to whether you won or lost.

Other sites have also rakeback programs and they are not a publicly proven scams!

[Farma]

I do not know, I also just thought of it, but I think it does not exist. if there is, it may be very much of a gambler who would perform for their insurance, but I am sure, the parties of such insurance will surely get a great loss, because of the risk in gambling is huge.

[Caladonian]

I do not know, I also just thought of it, but I think it does not exist. if there is, it may be very much of a gambler who would perform for their insurance, but I am sure, the parties of such insurance will surely get a great loss, because of the risk in gambling is huge.

Maybe before they will start such business they will study it hard, I'm not sure if this can be possible or not since most addicted gamblers loves to make all in and in most times they lost everything so i guess its really  a hard part for such business to start and make things happen as they will be at risk and not sure if they can profits, lets wait and see if there would be someone who shows interest about it.

[Barbut]

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.

In poker you can play and bet with expected positive outcome.

You are talking about lossback, betback, and in poker rakeback. For example on betcoin.ag where I gamble that depends from your loyalty level. You have bronze, silver, gold, emerald, rubby.. higher level higher percent you get back.
On other sites there is daily promotions of some games, when you play them you have cash back, they send mails to announce that.

No, he don't speak about rakeback!  

You get rakeback also if you win. You get a part of the commission back and this is not related to whether you won or lost.

Other sites have also rakeback programs and they are not a publicly proven scam...

Publicly proven scam cause some jackpot and later deal between betsoft and 'Jonson' , is that the name of the guy who won that jackpot while he played with bonus spins? As I know they made a deal, but looks like you can't live with that.
I asked you before you to tell me which site is good for playing poker with bitcoins but you are still silent about that, also I said what kind of insurance players have in some games, why are you always criticise everything and in same time you don't give any answers on asked questions?

[mirakal]

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.

If the capitalist have seen that as a good business, they would have done it before considering the huge volume of gamblers in this world not only in bitcoin community. Insurance are only for those unforeseen events such as accident or death and gambling is a venture, we can lose or win but we expect are refund with our loses, that's insane. Maybe if we will force to make this happen, then we will also have to pay a bigger portion which we will find unjustifiable.

[Oralmat]

You are asking very good question about gambling. But in my view, it is impossible way, because it is really hard to build insurance service for gamblers to return their losses. First of all, Who make it?
Secondly, everyone know that in gambling losses number are always increased than winning numbers.
So imaginatively we think, someone make the insurance service for gamblers, But definitely this insurance service always get lose.

[Oilacris]

You are asking very good question about gambling. But in my view, it is impossible way, because it is really hard to build insurance service for gamblers to return their losses. First of all, Who make it?
Secondly, everyone know that in gambling losses number are always increased than winning numbers.
So imaginatively we think, someone make the insurance service for gamblers, But definitely this insurance service always get lose.

No one would make it and there's no point on making an insurance incase a gamblers losing out his own money maybe there's Cashback but insurance it's impossible and as you said that insurance will lose money instead.

[stomachgrowls]

You are asking very good question about gambling. But in my view, it is impossible way, because it is really hard to build insurance service for gamblers to return their losses. First of all, Who make it?
Secondly, everyone know that in gambling losses number are always increased than winning numbers.
So imaginatively we think, someone make the insurance service for gamblers, But definitely this insurance service always get lose.

No one would make it and there's no point on making an insurance incase a gamblers losing out his own money maybe there's Cashback but insurance it's impossible and as you said that insurance will lose money instead.

Yes it's like cash back but we know Cashback aren't considered as insurance because those amounts are too little to consider and whose gonna think about gambling insurances?

[Fatanut]

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 is like saying to a stranger, "I'm going to jump off a building, but you'll pay for my hospital bills, right?" The gambling site don't care about how much money did you lose. Even better for them if you lost millions on their website.

There's a rake back on some website but it's not that much. It's just a small percentage of what you lost which is for me is not useful in any way. There's no way that you can multiply that small money and get back the huge amount of money that you lost. It's just another advertising strategy of these gambling sites.

[BTCLovingDude]

any insurance service that tries to do that, will either end up having to put some ridiculous rules to let themselves from getting out of paying their customers (just like all the other insurance services for other things) or they will go bankrupt very soon because of all the reimbursements they have to make.

[Qartersa]

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 would be a stupid service! That would just bankrupt the service immediately. People availing the service will be just super reckless and just yolo bet everything because they know that there is an insurance. Casinos have this, called loss back. But that is just a very small percentage which is less than 1%. I don't think there is a chance for this kind of service.