Are there play and pay later casinos?

[Casdinyard]

Never heard of such. The only aspect which I think is existing and somewhat related with the 'play and pay later' you have mentioned is free spins and other welcome bonuses which allows players to play and have a chance to win without depositing the usual required amount. But an actual aspect which would allow a player to somewhat borrow an amount like a loan to a gambling site, is something which is not familiar on my awareness.

It would only be possible if you'd go through actual lending procedures such as borrowing an amount you can use to play. However, I won't suggest this way still. Imagine losing the money and still with the responsibility of actually paying an amount.

Same here. I know of some casinos who allow credit cards to be used for top up and that's the closest thing you can get from a play and pay later casino, as well as casinos that give you free spins or free rounds whenever you deposit money but no casino in their right minds will employ such tactic. That's just bad for business, coz then every player they had will just have to create new accounts soon as their free games are over or used up and will end up with the casino going bankrupt from all the money that are being paid off from winnings, and the lack of revenue due to everyone one-upping them.

The idea is great don't get us wrong OP, and I suspect that perhaps in the future a casino could employ such campaign, but as it stands today until that problem stated above is solved I don't think casinos will be willing to put themselves at risk like that.

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[bittraffic]

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?

He seems to be knowledgeable but you also think he is gullible too?
Just ask him straight you have already sent him messages countless times enough to spook him.

They don't want to obnoxiously take money from people, they will probably avoid the scheme play now and pay later. The house wins all the time and they will realize this scheme is nothing but a robbery.

[goaldigger]

Never heard this before but I think before the casinos allows you to play and pay later there must be a collateral because the casinos knows that winning is very low and there’s a big chance for you to lose the money so why those casinos will allow you to borrow money?

Well, I think this kind of offer are only available to their loyal players, have no idea how this works but its strange to see casinos doing this, its like they are more greedy and encourage those gamblers to gamble more even if they have no money at all.

[stomachgrowls]

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?

No company or gambling platforms would really be giving out some chances for you to take up some loan into them or having that financial support on the time that you would be playing.This is why if ever your friend do

tell that never ever taking up some loans or borrowing money, then for sure he does that already specially on the time that you would really be getting addicted to gambling then you would most likely be breaking out
those principles and wouldn't mind on sticking into it as long you could be able to give out that gambling urge or interest inside you. Whether you do know him well and do know on what those advises he had given out
earlier but doesnt mean that those things would be surely be followed after all the years because there are really indeed things which are really that tend to be broken.

If he had some 60k debt on gambling then it is usually be falling down on getting some loans into someone whether on a bank or friends or other sources or he does have those debts on using
up his/her credit cards. This is the only way he could be able to acquire such amount.

[Sandra_hakeem]

I haven't heard of such before...
Why would a casino indulge in handing out loans?? That' would automatically mean getting an affiliation with the credit bureau Which takes so much protocols and affirmations.
If they'll ever be a time when casinos would borrow an individual some funds to play with and pay back in due time, then I believe the very fact that gambling is becoming rampant and being abused among kids would become more predominant.
I would believe that they'll be a time INSTEAD - that' a casino would lend out slots for players with limited funds to play and pay back -

Sandra 🧑‍🦰

[AmoreJaz]

Never heard this before but I think before the casinos allows you to play and pay later there must be a collateral because the casinos knows that winning is very low and there’s a big chance for you to lose the money so why those casinos will allow you to borrow money?

Well, I think this kind of offer are only available to their loyal players, have no idea how this works but its strange to see casinos doing this, its like they are more greedy and encourage those gamblers to gamble more even if they have no money at all.

when you talk about casinos, high likely that his friend owed such amount was because he used his credit card or he loaned money from someone else and used it in the site. i don't think any casino would allow the paylater scheme as i never heard of such feature before.
remember they are in this business and they want to make sure their business won't be in the verge of bankruptcy owed to this feature. gamblers borrow money all the time from whoever will lend them money even with high interest.

[Mahanton]

Never heard this before but I think before the casinos allows you to play and pay later there must be a collateral because the casinos knows that winning is very low and there’s a big chance for you to lose the money so why those casinos will allow you to borrow money?

Well, I think this kind of offer are only available to their loyal players, have no idea how this works but its strange to see casinos doing this, its like they are more greedy and encourage those gamblers to gamble more even if they have no money at all.

when you talk about casinos, high likely that his friend owed such amount was because he used his credit card or he loaned money from someone else and used it in the site. i don't think any casino would allow the paylater scheme as i never heard of such feature before.
remember they are in this business and they want to make sure their business won't be in the verge of bankruptcy owed to this feature. gamblers borrow money all the time from whoever will lend them money even with high interest.

Come to think with this scenario:

1. Casinos lend money into their gamblers, if they win big then they would simply be cashing out those money deducted from the winning - NEGATIVE - It would affect profitability
    They are really just making some suicide decision which would affect out their companies profitability.
2. Casinos lend money into someone to play- If they do lose, what they would get? So its useless.

Its true that there's no such feature on whatever platform that do exist today, which does simply shows or means that his friend might ended up on taking up some loan
into someone or do make use of his credit card for him to play. You cant possibly borrow into the platform which you are tending to play. LOL!

[alastantiger]

Gamblers may just see it as "play now and pay never". This is a very terrible business model. Certainly online casino operators who'd have thought of it but they know that it is bad for their business. Because most of the time they are already dealing with people with terrible credit score, people who do not want their family members to be aware of their gambling addiction. Casinos would end up running at a loss and would in no time declare bankruptcy. I know some casinos offer some sort of loans to players who meet a certain criteria but never would they try the model.

[Slow death]

in online casinos this is completely impossible and the reason is quite simple: in online casino the owner in most online casinos is an anonymous person, and the customers of the online casino are also anonymous people, even if the customers of the online casino still do KYC thus, they continue to be people unknown to the owner of the online casino and as there is no friendly relationship between the online casino customer and the owner of the online casino, then there are no conditions for a person to play and pay later, also the casino system itself online it doesn't help much that this is possible, for example when people are playing at the online casino nobody sees the face of who is playing, there is no interaction between people

now we look at a physical casino, in the physical casino when people play they talk to other people and sometimes they talk directly to the casino owner, this means that there are conditions for the casino owner to become a friend of the regular casino player which obviously can at some point ask to play and pay later and the owner of the casino can accept that, because the owner of the casino knows the regular player very well and knows that he has the means to pay, there is nothing strange in this type of situation , and something quite normal but what happens in the physical casino

[blockman]

I don't know such that's existing but maybe a casino can have this program but you need to have a secure deposit that's more than they're giving you as a loan and that's the best possible way a casino can allow.

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

Just gamble with your own money and not with debt money. You'll be buried more with stress and problem when you lose that money. You take responsibility for paying the interest and you have lost that money. So that's double pain that you need to deal with.

[dothebeats]

Use.. credit card? That’s the closest thing I can think of with the concept, although it may not be what you really are looking for directly. You can always pay later with credit cards although the risk of getting addicted with the game is extremely high. Keeping in mind that what you’re spending at the casino isn’t your own money makes you think twice or thrice into depositing again. Personally, I wouldn’t seek for play now, pay later casinos because it might make me oblivious that what I play with is something that will come back with interest.

[kamvreto]

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

Just gamble with your own money and not with debt money. You'll be buried more with stress and problem when you lose that money. You take responsibility for paying the interest and you have lost that money. So that's double pain that you need to deal with.

That will be Double Kill Zero, lending to gambling with interest and when gambling loses it will only leave debts to be paid along with high interest. it will be a very complicated problem and will stress anyone out.
Do gambling like gambling that provides entertainment, not gambling that requires earning? So far I have been doing some gambling just for entertainment and I have allocated a limit on the money used for gambling. So no more than the allocation fund. Gambling provides entertainment, not new problems.

[Zlantann]

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

I have read much about the credit system in some developed nations and it is effective. People can purchase almost anything with credit cards. But in my country, we don't have effective credit systems so it might be difficult to have such gambling credit facilities. I know some casinos where some well-known customers are allowed to gamble on credit because the promoters have confidence in them and know that they would pay back the loan. But I have never seen a casino in my area that has an established system where you can come and gamble on credit. Maybe we might have it in the future when our credit and national identity system is effective. This kind of service will cause gambling addictions and people will gamble more than their income or financial benchmark.

[PX-Z]

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

I have read much about the credit system in some developed nations and it is effective. People can purchase almost anything with credit cards. But in my country, we don't have effective credit systems so it might be difficult to have such gambling credit facilities.

Yeah, i've heard this from someone i knew in US about their credit system where all accredited lending company knows everything your debt from different companies so it's easy to track if someone is a good payer or not before accepting it's credit card application in gambling or on different platforms. But like you've said not all countries have this kind of credit system. So it's not recommended to just lend a gambler for an amount that the platform is not sure to lend them or not. It might be beneficial to both parties in terms of usage, company and entertainment but the effect will cause worst outcome if the lendee won't pay properly.

[alegotardo]

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 believe not, because gambling is a sector that would easily attract bad payers and would certainly have a very high default rate.
It is already difficult for many players to deal emotionally with losses, so imagine if these players can still somehow prevent the payment from being made.
This can be done by calling the bank and asking them to cancel/block the credit card.
On crypto-only sites, this would be impossible to control.
On sites that accept deposit in Fiat, it could be necessary to have a much stricter KYC to curb fraud as well.

Anyway, I doubt it exists or that it would work on a gambling site.

[ralle14]

There's a possibility that we can see it in the future because I remember there were exchanges that would allow you to borrow money, and other exchanges are recently starting their casino.

Then again, casinos prioritize making profits, so if they plan to start a lending business on the side, then the rates are probably worse for the borrowers. That would mean their side business won't get that much success, so it's better if they don't do it and use their profits in another way.

[Darker45]

I haven't heard of a play-now-pay-later casino. But it doesn't mean one cannot play at a casino without money. You've mention credit cards. You've mentioned loans. And we've also read and heard news of gamblers using money coming from their company's funds. I mean, there are so many ways to gamble without money, incurring huge debt in the process.

Just days ago, I and my friends pooled over money to bet on GSW against the Lakers in their 5^th game. We're betting against a group of policemen and the money was held by one of them. By the time we won, he was gone and nowhere to be found. It turned out, he didn't have any money at all. He was betting without anything. He was scamming bettors of their money.

[Don Pedro Dinero]

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

I've only seen that in old mafia movies, where the player who keeps losing is given a balance, which he usually ends up losing and if he has trouble paying, the mobsters will come to take his possessions and his physical integrity is in danger. I don't know if it will happen anywhere now but if it does it must not be part of a legal scheme, surely there is mafia involved.

[goinmerry]

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

I'm 100% sure that there's no such thing as a service like that.

First of all, most credit cards are not accepting in-game purchases on gambling platforms for obvious reasons that it can lead to too much debt and banks will just create another problem for themselves. It's also a casino term not to use credit cards to be able to play on their platform.

If you don't have the money, don't push for any gambling activities, simple as that.

[Silberman]

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?

This does not seem likely to me, as then casinos will have to create very strong procedures which allowed them to guarantee they will eventually get paid, similar to what banks do already, the most likely scenario is that your friend asked for a loan to the casino and he had to give to them a collateral which will be returned to him once he pays the money that he owes, similar to pawning an object at a pawn shop or the collateral loans some members offer on the forum, still he is in trouble as owning 60k is simply too much and if the interest rate is high he may be unable to ever pay up his debts.