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

[hajimasan]

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 Such Type Of Insurance Company Exits Because Gambling is a So Risky Game and No one Wants to Insure Your Money in a Risky Game and If Someone Start Providing these types of Services then Everyone will Start Doing Gambling and there is no Risk and No Fun Will be in Gambling if all the Risk will be Removed and also there will be Less Profits Because As We All Know that Higher the Risks, Higher the Profits.....

[Gintama214]

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.

It is actually a good idea to have that kind of service an insurance service for gambling and get at least get small amount back in where you gamble but I don't think that it will work  very well the market place thats because bitcoin is not something like a car that accidents happened and damaged your care they covered you but in gambling is different you take your own risk to gamble and if you have greed that will make you lose everything you have so be very careful on gambling. It is really interesting that you have come up to that Idea but how do they insurance give back their money?, how do they make sure that you lost that amount of money. It is many ways to edits and to make sure it is real. So that means they need to connect with other gambling site so that they can put insurance on your bitcoin. I do think its a great idea but it won't work on field.

[hatshepsut93]

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.

Insurance only makes sense when the risk is small and relatively stable. In gambling you can wager big sums like 1-5 BTC with a single bet, so every gambler can easily suffer heavy losses. It would be impossilbe for such company to earn profit. But if you want to get some of your money back, you should check out services that provide cashback via referral promotions.

[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.

Insurance only makes sense when the risk is small and relatively stable. In gambling you can wager big sums like 1-5 BTC with a single bet, so every gambler can easily suffer heavy losses. It would be impossilbe for such company to earn profit. But if you want to get some of your money back, you should check out services that provide cashback via referral promotions.

I already read that services on this forum which offer cashback thru referral promotion, But this is not the same as insurance since you are required to invite other player to gamble on the casino and wager required amount so that you will be eligible to get referral commission that will cover your losses. Insurance service is very impossible on gambling since it is not profitable on activity that has a high chance of lossing. They will just end up bankrupt at the end once all their subscriber lose.

[machinek20]

I don't think there are services like that, if services like that exist, it can lead people to addiction, they will just bet without afraid of losing and then that insurance will go bankrupt because most of the people lost in gambling and will go to claimed, I don't think it is profitable that is why nobody want to create that service

[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.

Insurance only makes sense when the risk is small and relatively stable. In gambling you can wager big sums like 1-5 BTC with a single bet, so every gambler can easily suffer heavy losses. It would be impossilbe for such company to earn profit. But if you want to get some of your money back, you should check out services that provide cashback via referral promotions.

but there are no insurance service that will wants to retain heavy losses because of playing gambling and i am sure that they don't want to know about that. many of people which playing gambling have a loss, small loss until big loss, and imagine that if there are any insurance service that wants to do this, then they will not run their company for a long time and maybe they can get bankrupt too with the gamblers. no one will cover losses from playing gambling and every insurance service will stay away from this and they will thinking that its better to them to involve in other business.

[chixka000]

Crazy mind set first you have to understand that gambking is not an investment unless you take shares or own the gambling site or the casino.  Yet if you dont then dont expect for an insurance lol and if ever that someone would offer that one to you then you should know that it is a pure scam

[klf]

Crazy mind set first you have to understand that gambking is not an investment unless you take shares or own the gambling site or the casino.  Yet if you dont then dont expect for an insurance lol and if ever that someone would offer that one to you then you should know that it is a pure scam

No company will offer this kind of services to lose money for them because they know that each and every gambler is going to lose money at the end so then they may need to pay you back all those losses. These insurance companies want to make money for them so this business will not suit for them instead they may need to spend a lot of money to pay back gamblers so you will see any such services.

[gabmen]

Crazy mind set first you have to understand that gambking is not an investment unless you take shares or own the gambling site or the casino.  Yet if you dont then dont expect for an insurance lol and if ever that someone would offer that one to you then you should know that it is a pure scam

No company will offer this kind of services to lose money for them because they know that each and every gambler is going to lose money at the end so then they may need to pay you back all those losses. These insurance companies want to make money for them so this business will not suit for them instead they may need to spend a lot of money to pay back gamblers so you will see any such services.

indeed. gambling by definition is something that you risk winning or losing. it's not gambling anymore if you have a form of assurance that you can get compensated if you lose. Ionly foolish people would think of starting a business like this

[thisappointed]

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 Such Type Of Insurance Company Exits Because Gambling is a So Risky Game and No one Wants to Insure Your Money in a Risky Game and If Someone Start Providing these types of Services then Everyone will Start Doing Gambling and there is no Risk and No Fun Will be in Gambling if all the Risk will be Removed and also there will be Less Profits Because As We All Know that Higher the Risks, Higher the Profits.....

This is ridiculous, who is sane enough to make such company just to support gambler? Insurance? there is no such thing on the gambling world, because in gambling, there is no way that you could get your money back just by this Insurance thing, unless you are going to win it back using some strategy if you are playing strategic game like poker and so on.

So, if you don't want to lose your money and don't problematize this thing, then don't enter the gambling world, because it is not what you think it is, you are going to regret it in the end, trust me.

[iluvbitcoins]

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 Such Type Of Insurance Company Exits Because Gambling is a So Risky Game and No one Wants to Insure Your Money in a Risky Game and If Someone Start Providing these types of Services then Everyone will Start Doing Gambling and there is no Risk and No Fun Will be in Gambling if all the Risk will be Removed and also there will be Less Profits Because As We All Know that Higher the Risks, Higher the Profits.....

This is ridiculous, who is sane enough to make such company just to support gambler? Insurance? there is no such thing on the gambling world, because in gambling, there is no way that you could get your money back just by this Insurance thing, unless you are going to win it back using some strategy if you are playing strategic game like poker and so on.

So, if you don't want to lose your money and don't problematize this thing, then don't enter the gambling world, because it is not what you think it is, you are going to regret it in the end, trust me.

Why not?

If someone is paying a monthly fee for a gambling insurance
You're making money and you should pay out when he loses

Companies are made for profits, not for anything else
If there is a profit, I don't see why this couldn't be made

[chixka000]

Crazy mind set first you have to understand that gambking is not an investment unless you take shares or own the gambling site or the casino.  Yet if you dont then dont expect for an insurance lol and if ever that someone would offer that one to you then you should know that it is a pure scam

No company will offer this kind of services to lose money for them because they know that each and every gambler is going to lose money at the end so then they may need to pay you back all those losses. These insurance companies want to make money for them so this business will not suit for them instead they may need to spend a lot of money to pay back gamblers so you will see any such services.

 I have seen one before here in this community and posting that kind of service which is of course and obvious scam scheme yet there were few who try it and it was never been seen again

[Kevin77]

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.

What is the point in recovering some 1% or 2% of your total lost bankroll ? Because if insurance companies will be covering more than 2% of your bankroll, they might get bankrupted very soon otherwise you need to pay more premium which would be another headache while going for gambling aside arranging extra funds other than bankroll for gambling.

I read already some gambling houses are in practice to provide some cashback if they find some gamblers are regularly losing but in big amount.

[PhucS]

This is a really interesting question, I quite like it. It may be that gambling addicts will like this, but in reality, I have not seen this type of insurance appear, there are only a few types of insurance available to assist you if you get scammed online. If there is coverage for gamblers, I think they will become more and more addicted to gambling because they no longer fear losing more money because they have insurance. That's just my opinion

[romero121]

This is a thread that's been started by me years back. Once again I would like to take this into discussion, because more the existence of gambling sites more is the addiction. It is a must to make some innovative plans, so that the gamblers doesn't want to restrict themselves from gambling. Maybe this can help the gamblers as well as the dependent of the gamblers.

[lienfaye]

Well I think insurance is not necessary in gambling. Why? You're the one controlling yourself on how much money to spend on gambling so therefore low amount or spare money wont hurt you that much.

Only gamble the money you can afford to lose and be aware of the consequences if you happen to spend the money meant for important things. If you gamble, its your choice thus be responsible on your action. Paying for insurance to get back what you've lost is like predicting you will lose but its fine because you're insured.

[2double0]

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 you are expecting an insurance for gamblers to get some remuneration over their losses, then gamblers should also get legal loans via bank to gamble. We think to change the world in a day but that does not happen. If these casinos start paying back some money on losses, it will not work out because every other gambler will think that if this guy got the insurance money, why can't we? In spite of that, casinos can set up an investment pot for each account level and ask the gamblers to fund it with some money 'like we get a salary cut and it goes to provident fund'. Casino can promise to add some % to that fund and give it back to the gamblers as and when the insurance conditions are fulfilled after a loss. Conditions can be set by casinos because they don't give anything for free, honestly (except a few do during their promo).

[maydna]

I don't think any insurance company would take part in this because if gamblers retain heavy losses, that will be his mistake, and there is nothing he can do except accepting his losses. A gambler needs to take responsibility for himself, especially to manage his money used to play gambling. And if he loses the money in the gambling games, he can't do anything. He needs to control himself while he plays gambling, but if he loses the money, he can try to recover it back. But that will not be recommended because he will lose more money, so it is better to stop playing gambling.

[xSkylarx]

I don't think someone would offer or establish this kind of service. And also how will the insurance benefit from this?
Gamblers should be responsible for their losses, it's not against their will when they made those losing bets.
It's your fault if you're gambling too much than you can only afford.

[bitterguy28]

It is a must to make some innovative plans,

innovative plans must be from gambler itself and not from anyone else.

Imagine having this request of yours meaning that being a Addict gambler must have some insurance?you are doping stupid thing and you want others to provide for you?

if this will happen then  expect another Tons of new addict will rise because now they can generate some amount while spending their money in gambling.