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

[Hamphser]

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.

Your intention is good actually for the gamblers, where there is a cashback similarity in the insurance you are talking about.
But just like what the other said, never gamble what you can't afford to lose this was most often mentioned. But who knows if some of the
gambling owner read your opinion to this, this might gonna be a good tips.

Despite this idea, I don't agree with it.

Yeah, it is a great idea but if we will be thinking about it, don't you think gamblers would just take advantage of these services and don't mind their health when it comes to gambling? Instead of supporting them to gamble their money, we should be doing something that makes them in control of their money that is for the better of their lives.

I agree, it seems the idea behind all of this is to help gamblers avoid losing all their money when they are gambling in the casino, which is a nice objective but this is not the way to do it, insurance companies are in it for the business side of it, they are not charities, but unfortunately despite the existence of many groups of people dedicated to help addicted gamblers to recover the first step still have to be made by them, if they do not recognize that they are addicted to gambling then they are never going to look for help.

Who are those groups that you've been talking into?

No one will help out in terms of financial.yes, they might able to hear off with some advises but those are only good on that part and the rest would really be not on their business to help you with money.
Businesses like Insurance company arent on their right minds to do things like this on where building up some or giving out some service into an industry where losses is always been happening.
They are indeed here to make money and not to be milked out something like on supporting those gamblers to take at least back of their overall loss.It doesnt really make any sense.

[Janation]

This product does not mean encouraging the gamblers to gamble more. This is only in place so that these gamblers will have to reduce their losses. But it does not mean that other efforts such as taking care of their health or minimizing gambling is set aside. This is just another product for their protection.

That is true.

Although you should know that despite the main reason for this project or service, gamblers will obviously take this as an advantage for their addiction. They are getting money from these services which means adding more amount of money that they could gamble. And since this is just insurance for their money, the mental health of these gamblers are still at risk.

[South Park]

I agree, it seems the idea behind all of this is to help gamblers avoid losing all their money when they are gambling in the casino, which is a nice objective but this is not the way to do it, insurance companies are in it for the business side of it, they are not charities, but unfortunately despite the existence of many groups of people dedicated to help addicted gamblers to recover the first step still have to be made by them, if they do not recognize that they are addicted to gambling then they are never going to look for help.

Who are those groups that you've been talking into?

No one will help out in terms of financial.yes, they might able to hear off with some advises but those are only good on that part and the rest would really be not on their business to help you with money.
Businesses like Insurance company arent on their right minds to do things like this on where building up some or giving out some service into an industry where losses is always been happening.
They are indeed here to make money and not to be milked out something like on supporting those gamblers to take at least back of their overall loss.It doesnt really make any sense.

I am not talking about insurances companies I am talking about groups that help those that are addicted to recover from it, just as there are groups to help people to give up alcohol and drugs there are also groups dedicated to help gamblers, after all while being addicted to alcohol and drugs destroys your body being addicted to gambling can be even more damaging to your economy as there is no amount of money that can protect you of getting bankrupt if you get addicted to gambling.

[Vaskiy]

This product does not mean encouraging the gamblers to gamble more. This is only in place so that these gamblers will have to reduce their losses. But it does not mean that other efforts such as taking care of their health or minimizing gambling is set aside. This is just another product for their protection.

That is true.

Although you should know that despite the main reason for this project or service, gamblers will obviously take this as an advantage for their addiction. They are getting money from these services which means adding more amount of money that they could gamble. And since this is just insurance for their money, the mental health of these gamblers are still at risk.

Yes, gamblers who are much addicted will take it as an opportunity and spend good on gambling without thinking about the losses. Maybe it requires certain restricted framework, terms and conditions so that it could limit them. Everything has got advantage and disadvantage. Maybe this can help the family that is behind the person who has lost all through gambling.

[ethereumhunter]

Yes, gamblers who are much addicted will take it as an opportunity and spend good on gambling without thinking about the losses. Maybe it requires certain restricted framework, terms and conditions so that it could limit them. Everything has got advantage and disadvantage. Maybe this can help the family that is behind the person who has lost all through gambling.

I think that is what the insurance company think and they will need to pay big money to the gamblers who are already losing too much money. But I guess that the insurance company will not easily give the money to the gamblers, and they will investigate why the gamblers can spend too much money on gambling. If the gambler uses it to get their money from the insurance money, they will not agree to give the money to them. Maybe there will need more discussion between the insurance company and the casino and maybe they can invite the gamblers to join in that discussion.

[lienfaye]

Yes, gamblers who are much addicted will take it as an opportunity and spend good on gambling without thinking about the losses. Maybe it requires certain restricted framework, terms and conditions so that it could limit them. Everything has got advantage and disadvantage. Maybe this can help the family that is behind the person who has lost all through gambling.

Indeed, insurance is business as well thus they wont enter into a situation where they cant gain anything. But I think its unlikely to have an insurance meant for gamblers, I wonder what could be the terms and condition.

Well if a gambler is worried of possible losses then dont gamble. You should have a lot of guts to face the consequences if you happen to lose. Hence we need to be more responsible by controlling ourselves. Insurance is good but whats more better is be a gambler that knows his limit.

[Mauser]

any insurance service that tries to do that, will either end up having to put some ridiculous rules to let themselves from getting out of paying their customers (just like all the other insurance services for other things) or they will go bankrupt very soon because of all the reimbursements they have to make.

Yes they will never do that because they lost also the money because players will play more once they have like this service because they will get again some of their money once they lost big but how about winning the team of the gambling sites thes also reinburse when they win so I think it's fair enough to don't have this because players is responsible for their own money or need to control in playing

I agree with you. If we as gamblers had such an insurance we wouldn't care anymore about the risks. And would just be going all in all the time. That is why there are special laws in place to protect your insurance companies. For example if you drive recklessly and destroy your car than the insurance company is not going to cover the cost. If you have control over the probability of an insurance event happening you will also have to take most of the risk.

[Mahanton]

any insurance service that tries to do that, will either end up having to put some ridiculous rules to let themselves from getting out of paying their customers (just like all the other insurance services for other things) or they will go bankrupt very soon because of all the reimbursements they have to make.

Yes they will never do that because they lost also the money because players will play more once they have like this service because they will get again some of their money once they lost big but how about winning the team of the gambling sites thes also reinburse when they win so I think it's fair enough to don't have this because players is responsible for their own money or need to control in playing

I agree with you. If we as gamblers had such an insurance we wouldn't care anymore about the risks. And would just be going all in all the time. That is why there are special laws in place to protect your insurance companies. For example if you drive recklessly and destroy your car than the insurance company is not going to cover the cost. If you have control over the probability of an insurance event happening you will also have to take most of the risk.

There would really be those exclusions since they are business, they wont really be allowing those kind of small chances or intentional breaking off things
just to get their claims.So its understandable on what they are making out rules for those situations.In gambling where risk is always in all angle then they
wont really be making a business with it.Insurance? they are making business not a charity, if they do then they would need to prepare lots of money
since we know that gamblers are always on the losing side.

[dimonstration]

Despite this idea, I don't agree with it.

Yeah, it is a great idea but if we will be thinking about it, don't you think gamblers would just take advantage of these services and don't mind their health when it comes to gambling? Instead of supporting them to gamble their money, we should be doing something that makes them in control of their money that is for the better of their lives.

No insurance companies will provide a service like this since it's uncontrallbleand it's a personal will of the people, I doubt there will be a legal company who will implement such products that can make their company at loss. Maybe those who also own casinos will do that but with too many rules, classification, steps etc and with high premium since it's quite impossible to provide insurance for gambling.

[livingfree]

No insurance companies will provide a service like this since it's uncontrallbleand it's a personal will of the people, I doubt there will be a legal company who will implement such products that can make their company at loss. Maybe those who also own casinos will do that but with too many rules, classification, steps etc and with high premium since it's quite impossible to provide insurance for gambling.

If there will be such insurance companies that will offer it, I don't think that it will ever be in favor of the gamblers that would want to avail the insurance.

There will be more of the cons than the pros that they'll offer it.

It's favoring the company than the insurance buyers.

But that's just an if statement.

[chaser15]

If there will be such insurance companies that will offer it, I don't think that it will ever be in favor of the gamblers that would want to avail the insurance.
It's favoring the company than the insurance buyers.

Isn't it always the case when it comes to insurance? Not just if it will be applied in gambling but on other insurance as well.

There is no way an insurance company will offer something if it won't return a good return to them. But for gambling, it's hard to implement that as every day, people are losing to gambling. It's a loss that happens regularly and consistently, different from the usual things that insurance mostly covered.

[South Park]

Well if a gambler is worried of possible losses then dont gamble. You should have a lot of guts to face the consequences if you happen to lose. Hence we need to be more responsible by controlling ourselves. Insurance is good but whats more better is be a gambler that knows his limit.

You are correct but that does not stop gamblers from imagining a service like this, in a way it is no different than when they imagine themselves gambling at the casino and winning all the time, that is not possible either as if that was the case then the casino will not be able to maintain itself in business, so the fact the casino is there means that it is built on the losses of its customers, so we must just ignore the voices that want something like this as it is never going to happen.