sports betting sites that return your money when you lose.

[Similificator]

Or maybe he doesn't understand what is gambling and how does a legit gambling site operate.

It's hard to be fooled in this world, even an obvious scam, there are still people who fall from this, well, it's not anymore the fault of the scammers but their fault because they failed to educated themselves to determine what is scam and legit.

Which is why I posted it here to ask about it since I do not have any idea about online gambling. Prior to this I only gamble with friends or at least people I can see but after being invited I got curious about online gambling hence I tried asking here. I was hoping to get good advice but did not get enough in time(was expecting too much) and so I had to try it out myself to really know and understand what I am getting myself into. I just thought of the money I placed as payment for some new knowledge and experience. (There were some good responses though which I really did appreciate)

And so I decided not to take out my money even with all the complaints I have seen from another gambling site with the same functions as this one I joined. At least I learned and have been able to share my experience to everyone specially the very few people that may be the same as me who does not have a lot of experiences on online gambling. Right now I am reading some online betting tutorial and checking out sportsbet.io.

~

Common sense is there but having a friend of a friend referring it to me, as courtesy I'd have to check it out. Only problem I had was being too considerate of others. And yep, the logic of business losing money couldn't be easily applied to them since they were posing as a charitable organization rather than a gambling business.

But yes, I admit that I really had no idea about online sports betting at the time of creating this thread and was eagerly looking for expert insights. Oh well, just small change.  At least, I learned and that the people who are new to this online betting thing would be able to benefit from this thread as well.

[South Park]

Doesnt really need to be that educated but rather it would be needing that common sense and everyone does have it, it is just there are people who dont make use of it and make themselves too dumb
on making out decisions even its already that too obvious but they are really making themselves blind and still proceed even the things facing them are just too good to be true.
No business would really be just giving out the players bets back when they lost and do pay when they win? Its just like they are banging up their heads into the wall
or pointing a gun on their head.This isnt how business works.

This is the confirmation bias at work, when people are looking for something in particular they tend to disregard any information that contradicts their worldview and only accept the information that confirms it, so if someone is looking for a way to make money at a casino and they find something like this they tend to believe in it, and that is how they get scammed, only those that can avoid falling victims of such biases can think clearly enough to know that a casino that returns all your money after you lose is simply not possible.

[Fortify]

Actually, no site will refund money if you lose your bet, if you know a site that will refund, you should consider them as a scam. There are plenty of that now that says they will refund, yes, they will do it at the beginning but eventually members will be scammed in the long run, and you don't call them gambling site but a ponzi scheme, there's a big difference so we should not be mislead.

Have indicate become scam gambling platform when returning your money after loss, I don't think why OP really brave asking this question here because gambling is risk and not guarantee with return money back when getting loss, before playing here have term of service what happen when losing fund on gambling platform. Actually true when have bet return money back when losing will not called as gambling platform but looks as hype platform.

Or maybe he doesn't understand what is gambling and how does a legit gambling site operate.

It's hard to be fooled in this world, even an obvious scam, there are still people who fall from this, well, it's not anymore the fault of the scammers but their fault because they failed to educated themselves to determine what is scam and legit.

Wise people learn from the mistakes of others, but sometimes you will simply learn the hard way out of ignorance - nobody is infallible. If we look at the original question slightly differently, it is in the interests of casinos and sportbooks to want returning players. That's why casinos can stimulate habit (and depositing) forming behavior by feeding new gamblers wins, but it does seem hard for sportbooks to do the same as they tend to accept outright bets - you'd have to buy some sort of insurance to avoid this and will still end up losing over time.

[traderethereum]

Wise people learn from the mistakes of others, but sometimes you will simply learn the hard way out of ignorance - nobody is infallible. If we look at the original question slightly differently, it is in the interests of casinos and sportbooks to want returning players. That's why casinos can stimulate habit (and depositing) forming behavior by feeding new gamblers wins, but it does seem hard for sportbooks to do the same as they tend to accept outright bets - you'd have to buy some sort of insurance to avoid this and will still end up losing over time.

That's what makes them different from other gamblers because they can learn from the mistakes of others or their own mistakes.
They will correct what they have done that they think was wrong so that they will not do it again in the future.
Even though the casino can stimulate them to keep coming back to their casino, they will not be affected and they will even be able to control themselves from falling deeper.
Knowing these mistakes will make them wiser in playing gambling and know what to do in gambling.

[Ararbermas]

~snip

Never trust anyone even in some of your friends, because even you have past experience for sure you will fell again in such mistakes in the future again and again.
Make research instead, and yes this forum is a big help for every newbies because most of users here exposed scammers especially if it's when it comes crypto currency. So always don't hesitate to use the search button.

[dothebeats]

Doesnt really need to be that educated but rather it would be needing that common sense and everyone does have it, it is just there are people who dont make use of it and make themselves too dumb
on making out decisions even its already that too obvious but they are really making themselves blind and still proceed even the things facing them are just too good to be true.
No business would really be just giving out the players bets back when they lost and do pay when they win? Its just like they are banging up their heads into the wall
or pointing a gun on their head.This isnt how business works.

This is the confirmation bias at work, when people are looking for something in particular they tend to disregard any information that contradicts their worldview and only accept the information that confirms it, so if someone is looking for a way to make money at a casino and they find something like this they tend to believe in it, and that is how they get scammed, only those that can avoid falling victims of such biases can think clearly enough to know that a casino that returns all your money after you lose is simply not possible.

They believe on something that supports what they stated, even though it is extremely far-fetched or something that isn't really likely. Confirmation bias it is, and that's what lures most greedy people into thinking that they hit the honeypot when in fact, it is what will destroy them in the end. It's always the illusion of winning big that destroys people in the end, and they believe in the illusion long enough to find themselves regretting for pushing forward with the delusion they fought so hard for.

[Finestream]

Actually, no site will refund money if you lose your bet, if you know a site that will refund, you should consider them as a scam. There are plenty of that now that says they will refund, yes, they will do it at the beginning but eventually members will be scammed in the long run, and you don't call them gambling site but a ponzi scheme, there's a big difference so we should not be mislead.

Have indicate become scam gambling platform when returning your money after loss, I don't think why OP really brave asking this question here because gambling is risk and not guarantee with return money back when getting loss, before playing here have term of service what happen when losing fund on gambling platform. Actually true when have bet return money back when losing will not called as gambling platform but looks as hype platform.

There is no money back in gambling. Once you lose, you will not get anything back. If there is any, that gambling site is definitely a big scam.  Everything that is just too good to be true to be happening, that falls into a ponzi scheme. I hope you have learned your lesson OP, not to trust easily on any gambling site that is already showing strange thing in the first place. As there are only two kinds of gambling site, one is legit, one is scam or fake.

[fullhdpixel]

This is the confirmation bias at work, when people are looking for something in particular they tend to disregard any information that contradicts their worldview and only accept the information that confirms it, so if someone is looking for a way to make money at a casino and they find something like this they tend to believe in it, and that is how they get scammed, only those that can avoid falling victims of such biases can think clearly enough to know that a casino that returns all your money after you lose is simply not possible.

They think that someone that contradicts it are anti gambling and only wants to stop them to becoming hook in gambling so they just ignored it easily.

There are also people that can say something bad to the other casino because they are being paid to do so or they simply owns a casino and they don't want a fair competition but whatever that arguments might be, we should always care to look at them because maybe what we found are different to what we expect and this can help us to stay away from the danger of being scammed. You know, online crypto casino is a booming business right now so expect that many scammers are also venturing this field. Let us try to be vigilant.

[madnessteat]

I can understand the situation when a new gambling site introduces a bonus system that involves a return of 5-10% of the lost money but no gambling site will not return all the lost money because it is contrary to the economic model of casino earnings. So if someone offers you to get back all the lost money bypass this gambling site. Most likely it is a scam.

[Slow death]

when I saw this title I thought it was a joke, but reading every thread I realized that it is something serious, but we have to start being more careful, any casino is created with the purpose of giving licit to the creator, so how could it be possible for a casino to keep giving people their money back if they lost their bets? what profit would the casino make? OP imagines that 1000 people place a bet and 500 people win and the casino pays the winners and returns the money to the 500 losers, how long will the casino stay alive like this? how would the casino continue to pay like this? I hope you don't fall for this type of obvious scam anymore and be careful with people when they recommend that you create an account at some casino

[Quidat]

when I saw this title I thought it was a joke, but reading every thread I realized that it is something serious, but we have to start being more careful, any casino is created with the purpose of giving licit to the creator, so how could it be possible for a casino to keep giving people their money back if they lost their bets? what profit would the casino make? OP imagines that 1000 people place a bet and 500 people win and the casino pays the winners and returns the money to the 500 losers, how long will the casino stay alive like this? how would the casino continue to pay like this? I hope you don't fall for this type of obvious scam anymore and be careful with people when they recommend that you create an account at some casino

You would really be having that kind of initial impression and telling for yourself on "What?" a casino or betting site that do return money once they had lost?
It is considered final and there's no way that these businesses would give out those kind of free return of bets and on the time you do won they do also give?
With just having that common sense then you would really be thinking that no businesses would be doing these foolish things.

[zidanw]

I honestly see no reason for a gambling site to give your money back. You've read a lot of stories about gambling sites getting claims because they let gamblers play too long while they were addicted to gambling. Then they often catch nothing. Players also come up with all kinds of things to get their money back. Ultimately, the responsibility lies with the player himself and he must ensure that he handles his money correctly.

[d3nz]

I've never seen any gambling site return the money of their player if they lose. Every time you make a bet there is no money-back guarantee its a game of luck and taking a risk to gamble the money. The chance of winning the sports betting is to have a proper plan, analysis, and strategy to double or triple your profit. Having this kind of mindset will surely increase your winning chance of every bet you made.

And, gambling site is a business and they are also getting a commission on losing bets which are in favor of all of them, I think.

[South Park]

This is the confirmation bias at work, when people are looking for something in particular they tend to disregard any information that contradicts their worldview and only accept the information that confirms it, so if someone is looking for a way to make money at a casino and they find something like this they tend to believe in it, and that is how they get scammed, only those that can avoid falling victims of such biases can think clearly enough to know that a casino that returns all your money after you lose is simply not possible.

They think that someone that contradicts it are anti gambling and only wants to stop them to becoming hook in gambling so they just ignored it easily.

There are also people that can say something bad to the other casino because they are being paid to do so or they simply owns a casino and they don't want a fair competition but whatever that arguments might be, we should always care to look at them because maybe what we found are different to what we expect and this can help us to stay away from the danger of being scammed. You know, online crypto casino is a booming business right now so expect that many scammers are also venturing this field. Let us try to be vigilant.

And while all of that exist it is because of it that it is necessary to do our due diligence and see what it is the truth, in this particular case the people that got scammed were simply too naive, they only thought about how things will play out and how convenient it would be for such a casino to exist, but when you put yourself on the shoes of the casino owner doing such a thing  very soon you will find out yourself losing massive amounts of money, and since no one likes to lose money then it is obvious that another way to earn money was hidden from view, which obviously included to eventually scam all their customers.

[Rigon]

I have never played betting on a betting site. However, since it wants to get a refund with a guarantee, then what kind of betting site is this?I have never seen or heard of such a betting site before. I am very scared of betting sites which is why I have never played betting.So I have no experience with this.