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

[babsalt1975]

I don't think there is any underwriter who will insure a gambler unless he is a crazy gambler himself. Everybody knows that 99% of gamblers end up losing and therefore if you insure a gambler, be ready to indemnify them every time. Nevertheless, insurance is made for unforeseen circumstances, gambling is foreseen- it is either you lose or you win, therefore you can not say that it an unforeseen circumstance.   

[ASHLIUSZ]

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.

Very less chance is there to find insurance service for gambling. The outcome is always uncertain with gambling, but as mentioned above most ends up in loss. In such a manner if a service is started, soon in a short it goes bankrupt and functions as a scam.

[maydna]

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 the funny thing that i've know because the gambling sites don't care about our loss in gambling games and they only thinking about how they can reach big profit from gamblers. i don't think that website owner will thinking about this but maybe the gambling sites will give back our loss money in bonuses if we make deposits again. so if there is any gambling website that give this service for their members, then i will always playing gambling in their sites and no matter i am win or loss, i still playing gambling games in their site.

[carlisle1]

I guess, It can only be possible to have an insurance if only the serivce has encountered a trouble regarding to their security and your account was hacked(web based gambling). But in terms of your losses, I don't think it will be covered by the insurance as they are not responsible of the huge losses made only by you .

[philiveyjr]

Some sports betting sites have the insurance button in there. Only one of the sportsbooks has that though when it comes to bitcoin gambling and that is 1xbit. Whenever you bet on a game and you are not that sure, you can insure the bet partially or full or even cash out the bet. I'd like to see more sportsbooks use that but as on now, I think its just 1xbit.

[Red-Apple]

there are some casinos that offer something like that, it is similar to insurance and i think it is what you are looking for but if a third party service is what you want then i doubt that it is such a good idea because that would mean losing twice, once in the gambling bet you made and once when you pay the insurance to insure you but don't do it in the end.

[gabmen]

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.

Ssriously though, indon't think anyone would be foolish enough to set up an isurance firm for something as risky as gambling. I mean we're talking about people whonare more likely to lose money that earn money and an insurance comoany for gambling would most likely go bankrupt in a short span of time

[FlightyPouch]

That is a good idea for but it is also a bad idea. If you have a casino or a gambling site and, well lets say that you are a very good, trusted with a very high reputation and everyone is really gambling in your casino or gambling site.
If you are having that type of casino, giving insurances everytime a gambler loses they will take advantage on that system and it will also have an effect in your casino or gambling site.
There are gambler that her really big and so if they lose everytime and they did was to save all their losses or insurance in your casino, there will come a time that all his savings from insurances will be big that you cannot pay it.
The good thing about it I think well is that there will be really a lot of gamblers that will visit your casino, thats a given.

[eternalgloom]

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.

The loss back service that casinos offer is usually more than 1 percent, just saying.
Some even offer full refunds, but usually as some kind of bonus.

That said, setting up an external insurance service is just not something that would work.

[Patatas]

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.

A brilliant and a dumb idea at the same time.
They would work out great if only gamblers had money to pay the next premium.After getting the insurance back,I doubt any addicted gambler would stop,I'm afraid he would put that money on the games too!However this can server as a really nice alternative wallet for gamblers,if they lose everything they always have their savins stacked up here.

[BitcoinGirl.Club]

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.

Idea of gambling insurance is welcome and I have seen this on betballer and something similar on 1xbit ,but am certain they can not compensate when a result is declared! Remember to do your due diligence before placing any bets, GL.

[serjent05]

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.

Yeah this is definitely the flaws of the idea.  I also think of this scenario and insurance company will then be exploited and the only winner here is the person who have this kind of insurance and the Casino.  So I think no sane person will run this kind of insurance policy.

[JL421]

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.

Yeah this is definitely the flaws of the idea.  I also think of this scenario and insurance company will then be exploited and the only winner here is the person who have this kind of insurance and the Casino.  So I think no sane person will run this kind of insurance policy.

If you see I think it is definitely possible but of course It won't be unlimited coverage there will be many terms and conditions and also there may be a limit of amount will insured or maybe number of gambles per day allowed to be covered for insurance.

[wintermeasures]

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.

According to me there is no Company that Offer you Insurance Facilities for your Gambling activities because Gambling is just a Game of Luck and Not a Business, So No Company Owner wants to Insure a Game of Luck and I also Suggest you to Leave Gambling and do some other Business because it's good for your Future........

[yangzhij1]

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.

This is a fantastic and practical idea. Actually, we have been working and developing this, called Piggy Bank. We will provide #responsible gambling for gamblers. For thousand years, bankers in casino has never lose money. And now, I would like to reverse and revolutionize the gambling industry by letting casinos to give money back to gamblers. Let me know if you have interest.

[ethereumhunter]

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.

According to me there is no Company that Offer you Insurance Facilities for your Gambling activities because Gambling is just a Game of Luck and Not a Business, So No Company Owner wants to Insure a Game of Luck and I also Suggest you to Leave Gambling and do some other Business because it's good for your Future........

i think so because the company don't want to risk their money to give insurance for gamblers to retain heavy losses, its about gamblers responsibilities when they are playing gambling and its not for other people. i think the insurance company don't want to give their insurance to cover the gamblers but its different if gamblers is borrow the money from them because gamblers should give payback to that company.

[BlockEye]

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.

According to me there is no Company that Offer you Insurance Facilities for your Gambling activities because Gambling is just a Game of Luck and Not a Business, So No Company Owner wants to Insure a Game of Luck and I also Suggest you to Leave Gambling and do some other Business because it's good for your Future........

i think so because the company don't want to risk their money to give insurance for gamblers to retain heavy losses, its about gamblers responsibilities when they are playing gambling and its not for other people. i think the insurance company don't want to give their insurance to cover the gamblers but its different if gamblers is borrow the money from them because gamblers should give payback to that company.

The main reason of insurance company that's why they offering that kind of service because they are expecting their customer to not any accident happened so that they can have profit on monthly payment from their customer. So why they will be decided to establish an insurance for gambling while the possibility of lossing is very high and it is unprofitable.

[tyz]

No, isn't. Depite from the fact that such an insurance would lead to massive scamming actions, this would not help much at all. You would have to pay high rates for the insurance which will totally eat any profit you make. And such an insurance will definetley not cover all your losses, just a part of it. So, it is a lose lose situation for the gambler.

[roadbits]

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.

According to me there is no Company that Offer you Insurance Facilities for your Gambling activities because Gambling is just a Game of Luck and Not a Business, So No Company Owner wants to Insure a Game of Luck and I also Suggest you to Leave Gambling and do some other Business because it's good for your Future........

i think so because the company don't want to risk their money to give insurance for gamblers to retain heavy losses, its about gamblers responsibilities when they are playing gambling and its not for other people. i think the insurance company don't want to give their insurance to cover the gamblers but its different if gamblers is borrow the money from them because gamblers should give payback to that company.

The main reason of insurance company that's why they offering that kind of service because they are expecting their customer to not any accident happened so that they can have profit on monthly payment from their customer. So why they will be decided to establish an insurance for gambling while the possibility of lossing is very high and it is unprofitable.

There is no insurance company for this gambling loss. But if we lose a huge amount in the casino they will give some percentage of coins to play again in their casino. To get this, we have to play a big amount of money. Means they will give some packages we have to choose, and we must play that amount then only we will get this offer.

[nethan1btc]

I've never heard any gamblers insurance service for losses recovery or retaining lost profit, and if there is I am not confident that it will stay long term with their commitment. Gamblers will end up lossing and lossing, even to those veterance players still admits that they never succeeded on their motivs and yet always fails rather that success. But to show more assurance than insurance, is you should be more responsible in managing your bankroll account and have budgetted amount just for your fun gambling plays and don't waste all your money just to recover the losses; think for another lucky day and not just for today.