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

[Becky666]

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 . <snip>

The reply above you has the point as you do, if this happen there will be another crops of gambling addicts from the ones the industry has created in time memorial. Candidly speaking, this won't work as nobody will take such risk to stand the returns of some fractions from gambler loss, though, if this happens, then the world won't be at peace with the addicts becasue they know they will surely get back some fractions from their loss and not just go blank after their loss as of before.

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[milewilda]

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 . <snip>

The reply above you has the point as you do, if this happen there will be another crops of gambling addicts from the ones the industry has created in time memorial. Candidly speaking, this won't work as nobody will take such risk to stand the returns of some fractions from gambler loss, though, if this happens, then the world won't be at peace with the addicts becasue they know they will surely get back some fractions from their loss and not just go blank after their loss as of before.

This will really make the situation even more worst when it comes to addiction on where they do have that kind of insurance service or loss-back amount into their gambling activity.
This will poke out your mind that you do still have something to get even though you lost it all rather than on quitting completely or do play for entertainment.
You would really get that too confident on what you've been doing but we do know all that this kind of feature or service wont really be possible for a
gambling site to give or any.

[Smartvirus]

Having an insurance scheme sounds so much like a good idea but I doubt it could ever be implemented. Not very many persons are proud of betting and the few huge bettors care very little about the state of their finance and most times they make these bets, they always have the mindset of the fact that, like the bets between Joe Biden and Donald Trump. It's obvious a lot of persons expected to Trump to emerge victorious and that's where most of the bets went but, at the end, we all saw what happened. So, having this sort of mindset is going to make this insurance thing unrealistic.

[jrrsparkles]

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.

Insuring body parts won't be a problem for the insurance companies because they are going to make huge money from all those premiums but if a company is going to insure the losses for someone on gambling then its their end because gambling is game of luck so if someone finds that someone is going to pay the losses for you then you will keep gambling 24/7 even if you are hitting jackpots all the time.

[Hamphser]

As far as I know such insurance service doesn't exist. It would be just to risky and I don't know how could be that even profitable so I don't know how could anyone decide for such business idea. Besides, to my opinion that would only encourage gambling addiction so impact wouldn't be acceptable.

Its suicide for those insurances that do offer such service on putting up in on gambling business which is really prone for lots of people who get wrecked.

So its no brainer that we cant see any insurances in regards to this industry because it is really just be ending up on having some charity works yet most of the money will
just be taken out easily by claims.

Dont expect for these things to exist.

[FinneysTrueVision]

It is not necessary to have insurance for gambling losses. Most casinos already offer rakeback or some other reward system based on the amount of money you have wagered. It is not just online casinos but physical ones also reward high rollers with comps. This should be good enough. If you give players another way to receive a bail out it might encourage reckless behavior.

[wiss19]

As far as I know such insurance service doesn't exist. It would be just to risky and I don't know how could be that even profitable so I don't know how could anyone decide for such business idea. Besides, to my opinion that would only encourage gambling addiction so impact wouldn't be acceptable.

I would say rakeback or cashback is the only option a gambler has to gain some of the lost amount. The thread was opened in 2017 and there might be not many casinos that offer such services but now almost every casino and some even sportsbooks offer rakeback for users and there are varius other perks for high rollers.

I believe players should actually consider checking the VIP program before starting their betting because at times some casino offer more rakeback but they earn more via higher house edge while there are some casinos that will offer lower rakebacks but they offer minimal house edge so it depends on us which one suits us better.

[CarnagexD]

There is no way an insurance will be available for such carwless activities. Insurances are made for situations that are unprecedented and unwanted by the owner. Sure losses are unwanted but they are very much precedented as everyone should be aware that when gambling, you will always lose. If you want a good insurance policy try learning self-control. It's free and it gets the job done.

[Quidat]

There is no way an insurance will be available for such carwless activities. Insurances are made for situations that are unprecedented and unwanted by the owner. Sure losses are unwanted but they are very much precedented as everyone should be aware that when gambling, you will always lose. If you want a good insurance policy try learning self-control. It's free and it gets the job done.

Cashback or rakeback are features that had been integrated internally on gambling sites but returns wont really that for you to bother since it is really just small
but talking about services that do give outs insurances for gambling lossers? who would be on the right mind to give this out.
So dont expect that we would see something like this and i agree that having self control would really be enough on saving up your
ass out on gambling losses and addiction.

[DabsPoorVersion]

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 would be a good idea since the essence of insurance is to protect the insured from financial loss.

Gamblers do risk their money, they gamble with the amount of money they can risk to lose or the amount of money they have. If they lose a huge amount of money, then this is clearly their own choice but with the help of this insurance they can start again, they may be able to receive at least a little amount from their insurance.

[TimeTeller]

There is no way an insurance will be available for such carwless activities. Insurances are made for situations that are unprecedented and unwanted by the owner. Sure losses are unwanted but they are very much precedented as everyone should be aware that when gambling, you will always lose. If you want a good insurance policy try learning self-control. It's free and it gets the job done.

Insurance have too many limits and rules to follow before you can claim anything, there are investigation needed with the help of other agencies for investigation like if due to accidents or due to medical problems. Doing gambling will be based on our own will and mostly it guarantees loss that win so there are no companies who will try to do such service, though casinos have their own programs with certain limits too that they provide in some of their games when we Google it like blackjack insurance and etc.

Quite simple to hear but yes, insurance is a complex business.
Don't know any company offering insurance for gamblers.
The concept is good as it is like a savings account for gamblers.
But how to prepare the procedures of claiming and other insurance-related things will be tough one.
Underwriters need to be smart in order to give fair compensation to these gamblers.

[lxiaoh]

For insurers，profitable is the first principle， i reckon there is a lot of risk in providing insurance service for gamblers，the risks outweigh the benefits，and this why insurance don't have such coverage.

[Twinkledoe]

For insurers，profitable is the first principle， i reckon there is a lot of risk in providing insurance service for gamblers，the risks outweigh the benefits，and this why insurance don't have such coverage.

Insurance companies will get bankrupt easily because gamblers may claim their insurance higher than what they paid for. And I don't know if there is some kind of studies how they can implement insurance in gambling industry. I will bet, there will be more claims rather than availing insurance policy.  This is quite hard to venture with so no company up until now is offering this service.

[Crptomagma]

I’m not informed about any insurance gambling service because in gambling it’s either loss or win and I never heard of any premium act. To be on a safer side you shouldn’t gamble more than you can lost. It’s important to seek for the right council before venturing into gambling with high stakes and also verify the gambling site or organization so you don’t get ripped.

[kramchers]

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 had been played in different gambling platform and none of them are doing cashback every time the players get gamble in the big amount.
And since that there is no insurance on this, We suppose to know how to gamble what we can afford to lose in, This reminders must apply by all the gamblers at all time so can limit our loss anyway.

[Saisher]

This thread is two years old but the question is it possible I don't we will ever have something like this, I don;t think so even if it takes ten years I don;t any company will be brave to launch a company or a project like this, there's no money to be made from this kind of plan, because gamblers are guaranteed to lose, even if you are trying to win.

[newwest]

This thread is two years old but the question is it possible I don't we will ever have something like this, I don;t think so even if it takes ten years I don;t any company will be brave to launch a company or a project like this, there's no money to be made from this kind of plan, because gamblers are guaranteed to lose, even if you are trying to win.

Its highly complex to think can have this kind of insurance to protect the gamblers against the house who always have the edge so they are going to make money for themselves but for insurance to cover and protect the gamblers from it is highly impossible else the premium itself would eb like so high that would not be worth it.

[MCobian]

It is a very good idea if there is really an insurance service in gambling businesses, but I have never found an insurance company
that provides services for gamblers. Because there is a possibility that the amount of loss experienced by gamblers is greater than
the insurance premium that must be paid by gamblers. So I doubt any insurance company will provide insurance coverage against
gamblers who have suffered heavy losses, because the insurance company could go bankrupt in the near future if they dare to provide
insurance services for gamblers who experience losses.

[Mauser]

It is a very good idea if there is really an insurance service in gambling businesses, but I have never found an insurance company
that provides services for gamblers. Because there is a possibility that the amount of loss experienced by gamblers is greater than
the insurance premium that must be paid by gamblers. So I doubt any insurance company will provide insurance coverage against
gamblers who have suffered heavy losses, because the insurance company could go bankrupt in the near future if they dare to provide
insurance services for gamblers who experience losses.

I don't think an insurance company will easily give out insurance for gamblers. The problem here is that an insurance company needs to quantity it's risk in terms of probabilities. For example for car theft, or natural disasters are a fixed probability that is taken out of the past from many years of surveys. But with gambling it's a bit more tricky. Once people have such an insruance the behaviour actually changes, we will go for much more risky bets now, because we are insured. This might only work if the insurance companies has some data about the gambling behaviour of their customers.

[aioc]

I'd like to have one so I can insure my losses I always end up losing so I just put the risk of losing to my insurance company, but I have doubt if there's one insurance company who is brave enough to put up one, unless if he will try to scam people so I doubt if we are going to have one.