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

[Galley]

Gambling in casinos and bookmakers is not an option in which you can somehow assess the possible losses, especially of some third-party campaigns. The risk of incurring financial losses is so great that no one wants to associate with it. The only option, for loyal customers, is a possible return of a part of the total loss.

[shield132]

There isn't similar service and won't be. When it comes to insurance, you pay a fixed amount of money. Years may pass and you won't have a need to use insurance (health, auto, etc), insurance covers the things that are unlikely to happen from you (Do you want a car crash? No). It happens like money is collected and spent on those who need it at the moment in different things. Gambling addiction is a thing that needs treatment. When you pay for example $100 in gambling insurance while losing thousands of dollars, it's can't be a profitable business. You gamble and it's mathematically guaranteed that you'll lose on long term and since insurances work on long term plans, it won't happen.

[Yudhisthir]

Insuring gambling loses would be like insuring the gas in your car. Though it may sound nice for the person that wants to insure, it's an stupid idea on the side of insurance company. These insurance companies only insures for events that are not most likely to happen. Less than 1% is what they aim for. And in case of gambling, there's more than 50% chances of the player losing.
If you think they could go with small rewards to mitigate the risk, there are some gambling site that provides with a cashback. Which itself is a small insurance against loss.

[Kakmakr]

The insurance companies will go bankrupt if they insured individuals against gambling losses and it would be highly unethical to do that, because it would encourage people to gamble more, if they knew that their losses would be covered.

On the other hand, I have seen a Lottery site that offers Lottery services from sites all over the World and they take out insurance to cover their payouts. So even if they do not host all the different Lottery services, they are still covered if someone wins one of them. (You can play Euro Lottery and the US Lottery and even a 2000 BTC Lottery on one site) 

[BTCGOLD]

When you lose a lot of money, several scenarios can arise. You want to win back the money as quickly as possible, and you get tilted and bet a lot more.
You relax, don't gamble for a while and think about not giving up gambling completely. You agree on a limit with yourself and see gambling as fun and not something to make money with.
There are more options, but these seem to me the most common. The main question remains: Do you want to continue gambling or quit?

[South Park]

This is a lol for me.

Why should an activity like that have insurance? It's like saying people should just gamble and gamble and gamble because their losses can be covered.

actually i find no funny in this mate,gambling has a tons of money involved so Why not provide insurance business? Who cares about what gamblers do ?who cares if they gambled all their time? the thing is this is business and what only matters is their payments and continues membership ,and also if they stop the dues? then business owner gain more because there is no refund in insurance like this.

Insurance companies are on the business of making money and nothing more, they are not gamblers unlike the clients you want them to take, if they think the risk is too high they are not going to take it and to try to insurance a gambler when it comes to their activities in the casinos simply do not make sense, the notion seems like nothing but a dream for gamblers, they just want to gamble and not face the consequences, and things do not work like that.

[carlfebz2]

This is a lol for me.

Why should an activity like that have insurance? It's like saying people should just gamble and gamble and gamble because their losses can be covered.

actually i find no funny in this mate,gambling has a tons of money involved so Why not provide insurance business? Who cares about what gamblers do ?who cares if they gambled all their time? the thing is this is business and what only matters is their payments and continues membership ,and also if they stop the dues? then business owner gain more because there is no refund in insurance like this.

Insurance companies are on the business of making money and nothing more, they are not gamblers unlike the clients you want them to take, if they think the risk is too high they are not going to take it and to try to insurance a gambler when it comes to their activities in the casinos simply do not make sense, the notion seems like nothing but a dream for gamblers, they just want to gamble and not face the consequences, and things do not work like that.

Its totally nonsense if you do consider out that insurance company are indeed aiming for profits or simply a business and on what the heck they would building out a business if they do
know that they are on the negative side of things.

If gamblers do look for some cashback or rakeback then house do offer that but they shouldnt dream that  there would be some sort of insurances that will really be diving into this kind of venture.
Its just totally nonsense.

If you dont like to suffer problems then better not to engage with it.

[Botnake]

If you dont like to suffer problems then better not to engage with it.

No, gambling is fun, we lose that is normal but we have to avoid a heavy loss as that is not gambling responsibly anymore. We are not into business, at least for most of us, we just want to enjoy and hope to win, that's it, but those who are really serious, they have to ensure they have the knowledge and the ability to stay discipline all the time, regardless of how much they loss.

Insurance are only for coward. 

[Timelord2067]

This is the first time I've come across this thread which kind of defies logic. You're asking should we give a chronic gambler a get out of jail/the poor house card to help ease their pain.

It's no different to suggesting all alcoholic anonymous meetings be held in the tasting rooms of a major brewery.

It just doesn't make sense.

[Debonaire217]

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.

Gambling is called gambling because it takes guts to put money on the table without knowing if you are going to win or not. If a casino would offer an insurance for people who gambles, it might be an asset for them because people would come knowing that still they will not lose all their money. But it will just lose the feeling and culture of gambling since you will be a loser after all if you are not lucky enough.

[coin-investor]

The majority of gamblers do not expect that an insurance company can set up an insurance plan for gambling losses, but we can recommend that they set up a plan for those who can give up gambling for a period of time, it's like compensation for not gambling for a long period of time there should be a compensation for those who are trying to give up being compulsive gambling, even if the cost is coming from their own money.

[n0ne]

Gambling is all about risking our money for an additional earning. Here one can be lucky or else can end up losing all the funds. If there exists an insurance scheme to compensate the loss, then gambling won't be that effective. Maybe users who end up losing big could feel little stress free if they get atleast some funds. The chances of such insurance scheme is quite low.

[john_nautica]

But yeah why seems no one is offering this? Is there no good returns if insurance for gamblers may be  opened ?

I thinks this is worth investing ,because all they do is spending and not thinking for what tomorrow may bring.

It's just encouraging more gamblers and even non-gamblers to gamble. Someone can get addicted and ruin their life without hesitating to gamble just because they are insured. Gambling is voluntary so it's not anyone's fault if they ruin their life because of this.

I don't think it was encouraging and attracts non-gamblers to go gambling because these people never think this thing. In real life, people come into gambling because they want to win, not being insured, and getting back their losses.

Well, I would like to see if there is a site that did this thing consistently.
TBH, this kind of service will be good but to wonder why we never saw this is probably due to the fact that they are not true to their promises and the site itself never profiting.

Both have a point if it might encourage gamblers to gamble more or not if gambling sites would offer such things. But it depends on the gamblers If they will let themselves be tempted with the insurance or not.

The service seems good but gambling is a risk and it's our individual choices and free will to gamble, so gambling sites are not obliged to give us insurance services for our possible losses.

Insurance services meant for gamblers are unlikely to happen, at least not during this times. Setting up such services would need a thorough discussion and planning because it can make the other party suffer more by escalating losses or influencing addiction.

[South Park]

Insurance companies are on the business of making money and nothing more, they are not gamblers unlike the clients you want them to take, if they think the risk is too high they are not going to take it and to try to insurance a gambler when it comes to their activities in the casinos simply do not make sense, the notion seems like nothing but a dream for gamblers, they just want to gamble and not face the consequences, and things do not work like that.

Its totally nonsense if you do consider out that insurance company are indeed aiming for profits or simply a business and on what the heck they would building out a business if they do
know that they are on the negative side of things.

If gamblers do look for some cashback or rakeback then house do offer that but they shouldnt dream that  there would be some sort of insurances that will really be diving into this kind of venture.
Its just totally nonsense.

If you dont like to suffer problems then better not to engage with it.

It is total nonsense but people see it and they are attracted to it because they think they will finally have deep enough pockets to beat the casino but this is nothing but a dream, insurance companies are in fact world experts at grading the risk a client brings and if they are not happy with that they will either try to convince the client to change their ways or simply drop the client and there is no way any insurance company in the world will take such an obvious bad deal for them.

[coin.princess]

Make a plan when you gamble. Using a limit on your own can also help. Some sites also have the option to set a limit when you play.
The problem with that is that you can then easily switch to another site and continue over there.

[stomachgrowls]

Make a plan when you gamble. Using a limit on your own can also help. Some sites also have the option to set a limit when you play.
The problem with that is that you can then easily switch to another site and continue over there.

We wont really need any feature that the house do make some limit towards your gambling activity. There might be some cautions but they wont really be making for you to stop or
totally block you forcefully. I dont know on which gambling site you are talking that theyve been limiting you to play to know that they do much prefer for people to continue
until they do bust up their entire bankroll.

Insurance companies are on the business of making money and nothing more, they are not gamblers unlike the clients you want them to take, if they think the risk is too high they are not going to take it and to try to insurance a gambler when it comes to their activities in the casinos simply do not make sense, the notion seems like nothing but a dream for gamblers, they just want to gamble and not face the consequences, and things do not work like that.

Its totally nonsense if you do consider out that insurance company are indeed aiming for profits or simply a business and on what the heck they would building out a business if they do
know that they are on the negative side of things.

If gamblers do look for some cashback or rakeback then house do offer that but they shouldnt dream that  there would be some sort of insurances that will really be diving into this kind of venture.
Its just totally nonsense.

If you dont like to suffer problems then better not to engage with it.

It is total nonsense but people see it and they are attracted to it because they think they will finally have deep enough pockets to beat the casino but this is nothing but a dream, insurance companies are in fact world experts at grading the risk a client brings and if they are not happy with that they will either try to convince the client to change their ways or simply drop the client and there is no way any insurance company in the world will take such an obvious bad deal for them.

No business will be considering on jumping or applying gambling into their vicinity or scope of benefits.Its just really a suicide into their business if they do able to do so.
Lots would be on lost and lots would really be claiming and even if they do ask out for some premium amount for the insurance then i dont see of it to be enough.
Why would need insurance if we can actually stop ourselves midway before do get wrecked?

[24Kt]

If an insurance company can come out a plan for compulsive gambler's loss I'm sure he will have a lot of clients because there are so many compulsive gamblers, but on second thought it will only motivate compulsive gamblers to gamble more, since he can still get back his money back because of the insurance.

If insurance guys already think of something for gamblers, we should have that a long time ago. But seems that no one dares to touch the insurance thing in gambling industry. Because degenerate gamblers will bankrupt them easily. 

[maydna]

Make a plan when you gamble. Using a limit on your own can also help. Some sites also have the option to set a limit when you play.
The problem with that is that you can then easily switch to another site and continue over there.

That is what we must do before we gamble, but unfortunately, most gamblers forgot to use that limit and plan, and that can lead to losing their money as soon as possible. The casino can offer the option to limit the money and time, but the gambler needs to have a responsibility to themselves, so they don't get any problems. The insurance company can't help the gamblers, and if the insurance company knows that the gamblers break their limit, they will not give the money to the gambler because that is their mistake not to take care of their money.

[Lorence.xD]

If insurance guys already think of something for gamblers, we should have that a long time ago. But seems that no one dares to touch the insurance thing in gambling industry. Because degenerate gamblers will bankrupt them easily. 

Insurance agencies will never touch something that will lose them their profit, yes they will not go for compulsive gambling as part of insurance because they will be losing the money because the player is always losing the money, it can still be possible to formulate such dangerous type of insurance though, the only problem is you need to be a persuasive one.

[carlisle1]

No one will care about what gamblers do except that person because he needs to realize that playing gambling all their time will not give them a big chance to win.

Do you really understand what your talking about? Insurance is business and Everything that will give them Profit is what they care, You should try to have a Good understanding before giving your opinion because this only proves one thing ,You know nothing about How business goes.

Insurance company is one of the biggest profit making business because this has need no big capital ,you only need to Collect and collect for the time being because they will only take their part once the time of their choice comes and mostly it will take long years.

It is their responsibility to take care of their money. If the insurance business is used in the gambling industry, it will not be easy to give the gambler's money, especially if the gamblers use big money to gamble.

and what are you saying that "Insurance Money use in gambling industry"? Gamblers need to Pay insurance directly in their Pocket and it is not the Industry of gambling will care for them.

After all, the gambling business owner will get big money from the gamblers, no matter if the insurance applies to the gambling industry.

It is not onlythe gambling owner can create a insurance business, it can be done by private people , they only need to approach gamblers to insured their names and pay the specific amount per month,quarterly,semi annually or annually depend on their terms.

what important here is that they will be insured for their future.