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Author Topic: Are there play and pay later casinos?  (Read 1523 times)
bitvalak
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February 12, 2024, 07:51:21 PM
 #261

To this day, I have not found a single gambling site that applies a pay later system. As far as I know gambling is no money no games. Unless you are using assets for collateral, it might still make sense.
A pay later system will clearly not be profitable for gambling platforms, because of course there is a very fast turnover of money to pay each winner. Try to imagine what it would be like if your winnings used a pay later system? Do you still want to play?

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February 12, 2024, 08:26:03 PM
 #262

It's been a year and half that I talked last with a family friend who is living in North America and finally, he replied my messages after so many sms sent out to his number, he told me about how he own 60k in gambling and I somehow feel sorry for him but at the same time I doubt this, because I don't see anyone talking about gambling debts before.

To play in any casino you have to come with your money or asset, or are there any casinos that allow play and pay later? Or I am thinking if maybe he used a credit card for gambling? We all know that debt is possible on cards..

I know some people likes taking loans or borrow money, but I know him too well, he always advice us to never take any loan for anything.

I know some are wondering why I don't ask him, he is way older than me and I don't want to ask him, I only told him to take things easy with himself, I don't know if asking can make him feel bad even more.

So is gambling debt one way or other possible without the person taking loan or borrowing money?

There are all sorts of claims out there, and frankly enough promotions running that you might be able to walk away with some free cash if you are clever when taking advantage of one-off welcome offers, but this "play and pay later logic" simply doesn't work for casinos. Casinos have bills to pay - staff, servers, licensing, taxes, etc. and their very business is making money from players who pay up front. They would just end up turning into debt collectors and chasing money, plus it would change the dynamic completely. Players would just play continuously until they either won or decided that they will declare bankruptcy, if there was a genuine way to enforce such debt collection, it doesn't make for a good business.

R


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February 12, 2024, 09:13:52 PM
 #263

I have never heard of a feature that allows you to play and pay casinos at a later time. It's possible that such a feature doesn't exist because it poses a great risk for the casinos. In case a player loses all their funds immediately and cannot repay their debt, the casino would have no means of making them pay. It's similar to using a credit card for purchases, even if you know you won't be able to pay, you can still make the purchase. If you earn enough money by the time the payment is due, you can pay. But if not, there's no way to force you to pay immediately.


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February 12, 2024, 09:40:48 PM
 #264

I have never heard of a feature that allows you to play and pay casinos at a later time. It's possible that such a feature doesn't exist because it poses a great risk for the casinos. In case a player loses all their funds immediately and cannot repay their debt, the casino would have no means of making them pay. It's similar to using a credit card for purchases, even if you know you won't be able to pay, you can still make the purchase. If you earn enough money by the time the payment is due, you can pay. But if not, there's no way to force you to pay immediately.
For sure it isnt something that you could see on casinos yet these wont be called businesses if they would really be offering such feature like having those kind of play now pay later thing.
Just on some mentions on other users on here is that, if it turns out that those people or gamblers who had been able to borrow and able to win up big time, then as an owner then how you would be able to feel?
For sure you would really be having that kind of regret on what you have done which we know that it isnt something that you could really be able to get it back and that would be
a huge loss or less revenue into the house itself and this is something that you dont really like to happen.

This is why we cant really be able to see up these kind of offering or features on a casino on having that play now pay later thing because they are really that avoiding those
kind of situations or circumstances on which it might be that resulting into disaster if ever that one happens but if not then they cant even assure if they would really
be getting paid. lol

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