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

[shoreno]

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.

op said they can gain small amount if the loss is huge not big amount when they loose a big amount . this wont still be profitable and why will they gamble that the chance of loosing is high , just because they want to earn this small small money in return ? that gambler can be out of his mind , he can prefer to not gamble and not loose or put the money in  less risky but more profitable tasks .

 havent heard that any gambling that have an insurance but there are many gambling that offers simillar where they can get a verry tiny amount after loosing a big one but many are discourage with this . the number of addicted gamblers will still be the same , they can grow if they want to without the help of those benefits .

[iamsheikhadil]

No, I don't think there can be something like that. Insurance is like opposite of gambling. In gambling you pay in the long run and in insurance they pay you if something bad happens. Why would they pay you any amount on circumstances you have control over? That way they will be ripped off.

[Kupid002]

No, I don't think there can be something like that. Insurance is like opposite of gambling. In gambling you pay in the long run and in insurance they pay you if something bad happens. Why would they pay you any amount on circumstances you have control over? That way they will be ripped off.

I suggest to stop gambling if he really don't want to lose money in it. Instead of gambling do multiple kind of investment and that case even he played in the gambling he know that there will always be money that will enter in him.

Forget about gambling and focus in different types of investment in that case the odds of losing still the same but you can play again in another day from your income in your investment.

[robelneo]

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.

No insurance will accept that kind of coverage, they are going to lose because there is no guaranty of winning in gambling, you can lose big amount of money anytime you are in the betting table or dashboard, insurance is a money making business they are not going to make money here, your best option is always to gamble money that you can afford to lose, nothing beats this mantra.

[Wexnident]

Isn't this basically a cashback kind of program? I hardly doubt someone would do this without any possible way of obtaining profits. Not to mention you're basically letting a third party do your insuring for you, might as well do it yourself for the sake of being organized, though if you can't handle your finance, feel free to do so. Additionally, on the topic of if there's one, I'm not familiar with any of them. Additionally, it'd probably be better for insurance in gambling to happen when a certain amount is lost in a certain time period. It could either be a big loss, or small losses over a long period of time. Though it's still unlikely imo, since gambling is a community where people who run away from their debts run of the mill.

[bitbollo]

@romero121 if you talk with some insurer of big company, you will find your option and a tailored offer in your interest. It depends just... how much you have to pay for that service. Since you're paying this middleman and the premium each month/year. Usually isn't a cheap service.

BTW What you described in OP it can be like a cashback?

get back at least a small amount back if the lost amount is a huge one.

[arwin100]

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.

No insurance will accept that kind of coverage, they are going to lose because there is no guaranty of winning in gambling, you can lose big amount of money anytime you are in the betting table or dashboard, insurance is a money making business they are not going to make money here, your best option is always to gamble money that you can afford to lose, nothing beats this mantra.

I never see any company doing this so I agree with you that there's no insurance company accept this terms since most of the gambler a are always losing and it's a huge lose for the insurance company since they will be the milking cow of the loser gamblers.  That's why I don't bother to research any of this and just gamble what amount I can afford to lose here.

[qwertyup23]

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 so and no insurance would ever cover for gambling losses.

Gambling, in general, is a game of chance that rely on betting on certain games or services that either yields a favorable or an unfavorable result. In addition, one is never compelled to gamble in the first place as it is a personal decision of the person. Any loss incurred cannot be shouldered by any insurance as it will definitely and completely result to people taking advantage of it in the first place.

If you are suffering from gambling addiction, I highly advise to seek help from your peers and family members. Never be ashamed to tell your addiction as they are the ones who can support you in this temporary stage.

[ice098]

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.

No insurance will accept that kind of coverage, they are going to lose because there is no guaranty of winning in gambling, you can lose big amount of money anytime you are in the betting table or dashboard, insurance is a money making business they are not going to make money here, your best option is always to gamble money that you can afford to lose, nothing beats this mantra.

I dont think that there were such an insurance company which would like to offer an insurance in a gambler. There is no such thing in crypto gambling or even in any kind of gambling that's why we always keep on saying that in gambling gamble what you ara afford to lose. No business man would like to risk their business without any assurance of return of their investment or profit. If losses in gambling were only covered by the insurance company i bet that every gambler will definitely enjoyed their every moment in gambling.

[coin-investor]

No insurance can cover insurance for gambling loss, because the probability of losing a lot in gambling is very high, a gambler who insured can lose everything the next day, not profitable, if you want to minimize your losses, then minimize what you allocate in gambling, unless you are good in gambling you should allocate what you can afford to lose, gambling is a pure game of luck and it's so rare to be lucky everynight.

[batang_bitcoin]

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.

This is going to be an expensive thing for the insurance company. Their policy would always be in favor of them but what if at the same time most of their insurance gambling takers will have a massive loss at the same time? I'm just stating what's on my mind but I know policies will be made by them and they will not allow that to happen and at least they will have a contingency plan. The insurance industry has been existing for long and they won't stay in the business if they're not making money. But to have an insurance for gamblers, I think this won't happen.

[rhomelmabini]

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.

Gamblers do tend to gamble everyday and unlike other insurance that being claimed for example; calamities, health problems, accidents, deaths, etc. These examples I give aren't always happen to every individuals that has been covered in an insurance company so I think its unlikely to happen and it could be so rare for an insurance company to handle a gambling loss unless there's a maximum claiming or money the gambler/s could get once he get into this.

Furthermore, how could anyone be called they got into a heavy loss on gambling especially in crypto? I doubt if there's something like that.

[smyslov]

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.

That's an outrageous idea I don't think you can find one, no insurance company will ever insure a gambler's loses, because they know that gamblers lose every night, they will lose money if they create one, if a gambler do not want to lose huge amount of money then do not gamble big amount of money and just play for fun

[pungopete468]

I really don't think any insurance service will accept gamblers about their bets if that's the case the insurance company will be in risk since the bettors will just placed a big bet since the bettor knows that the bet is insured. Well if there were such service I'm pretty sure all of the players will have an insurance already.

[abhiseshakana]

If there is a company that can provide insurance for betting losses, then most likely the company has a motive for carrying out an insurance fraud scheme. This fake insurance company will try to deceive its victims by offering insurance but with no intention of paying claims filed by its customers.

Betting has a high level of risk because we might lose that money and there is no definite guarantee to win when placing a bet. By considering these risks, there will be no insurance company that would provide insurance services for betting losses.

[onrise]

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.

That's an outrageous idea I don't think you can find one, no insurance company will ever insure a gambler's loses, because they know that gamblers lose every night, they will lose money if they create one, if a gambler do not want to lose huge amount of money then do not gamble big amount of money and just play for fun

I had never heard something like this and did not find yet any company that is doing any insurance. Also, the reason is that it is bound for gambler to make losses because this is not something new. Medical insurance for patients who say have some major disease and knows that might not survive for too long under such cases insurance is not given in the same way for gambling insurance would not be given because even insurance company knows in end they players may end up losing than winning it.

[Fredomago]

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.

That's an outrageous idea I don't think you can find one, no insurance company will ever insure a gambler's loses, because they know that gamblers lose every night, they will lose money if they create one, if a gambler do not want to lose huge amount of money then do not gamble big amount of money and just play for fun

Some sites gave rakeback to the gamblers after achieving their vip status that's agood consolations after playing
around and wagers good amount of money. But with this OP's sentiments, it would be hard for any businessman
out there to take such kind of risk knowing that from time to time gamblers have the same attitudes.

It's more on personal control, if you are not willing to lose your money better not to gamble or just bring the amount that you are willing
to risk never to add any to avoid losing more

[acroman08]

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.

partially reading these two articles(link below) it seems that insuring a gambling loss is too much of a risk for insurance agencies to offer and according to the article, gamblers can continually lose money when gambling and insurance will have a hard time covering it for a long period of time.

https://blindinbusiness.co.uk/is-there-insurance-for-gambling-losses
https://insurance.lovetoknow.com/misc-insurance/can-i-insure-my-betting-losses

[beerlover]

The name of it doesn't need to be insurance but you could potentially leave a bit more at the table either you win or not for a bigger rebate. Like let's say you gamble for 100 dollars and play on a 1% house edge place, which means if you lose you lose 100 dollars but if you win you win 99 dollars.

Think of a scenario where it is higher, let's say if you lose you lose 100 dollars but if you win you get 95 dollars, that 1% goes to house edge and the rest may go towards "insurance" and in case if you lose it could become 99 dollars loss with 1 dollar back in that case, which would make insurance company a bigger profit and gambler would lose a lot more, but instead of getting it back each time, you could get it when it reaches 100 dollars. That way you play with higher house edge but you get 100 dollars back after 100 rounds. It makes no sense but when I thought about "gambling insurance" this is what I imagined it would be like.

[TedMosby]

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.

partially reading these two articles(link below) it seems that insuring a gambling loss is too much of a risk for insurance agencies to offer and according to the article, gamblers can continually lose money when gambling and insurance will have a hard time covering it for a long period of time.

https://blindinbusiness.co.uk/is-there-insurance-for-gambling-losses
https://insurance.lovetoknow.com/misc-insurance/can-i-insure-my-betting-losses

I have read those articles, however I still think that insurance can be applied for your heavy loses indirectly in some conditions depends on how you determines that “heavy loss”.

1. Heavy loss because of the gambling company doesn’t pay you for the cashback bonus from percentage of your loss.
2. Heavy loss related to mental health. It is still a loss right? 

There is a bunch of strange insurance nowadays. Athletes and celebrities usually insure parts of their body. So, I think gambling won’t be a strict “no” for an insurance application.