is there any online casinos that has a lending service inside?

[Nrcewker]

I was wondering if there are online casinos that offer this kind of feature. In physical casinos, you often see loan sharks waiting for regular gamblers to borrow money at high interest rates. Since the urge to gamble is similar whether online or in physical casinos, it would be interesting to see if online casinos offer a way to borrow money to chase losses.

This is practically not possible. Now in order to lend some money, you need to take some collateral in return; now the casinos can’t thoroughly investigate all the collaterals offered in exchange for the lending amount. Secondly, the main motive of a casino is that it is to make players deposit money and lose the money. In this manner they make the profit. Hence, I don’t think any casino will do their own losses by implementing this lending feature. We can’t do anything about high interest rates, but it’s also very risky to lend money and gamble. I would suggest it will be better to not gamble than taking money on loan for gambling.

[coin-investor]

This is a bad practice from casino operators offline; they encourage addiction; they encourage people to gamble with money that they can't afford to lose. I read countless stories of people losing their cars and properties because of a physical casino's open credit policy, but its not sustainable for online casinos to implement this; it will be abused, and this is against their policy of promoting responsible gambling in their terms; its in fact encouraging people to chase their losses.
Lending can be implemented in offline casinos, but its not possible with online or the casino will incur losses and negative feedback.

[yahoo62278]

Too much of a risk of the loan never being repaid IMO. IRL they have your info and have their investment protected as well as will take you to court if they don't recover their money. Online, people would just give fake info and run away. Risk is too great for an online casino unless some sort of KYC process happened and personal details released somehow.

[Bitinity]

I was wondering if there are online casinos that offer this kind of feature. In physical casinos, you often see loan sharks waiting for regular gamblers to borrow money at high interest rates. Since the urge to gamble is similar whether online or in physical casinos, it would be interesting to see if online casinos offer a way to borrow money to chase losses.

I haven't found it yet, but if I am forced to borrow some money, I certainly don't need to go all the way because we can easily find it here [1].

It is available in the casino that we promote in our signature, Betfury provide crypto loan as you all can read how it works here: https://betfury.com/crypto-loans I noticed it some time ago before I joined the sign campaign. As far as I can see Betfury is the only casino with this feature as I have never found other casinos with similar feature. The loan feature in Betfury in general is like normal loan where borrower need to have collateral in order to request a loan.

[Cointxz]

I was wondering if there are online casinos that offer this kind of feature. In physical casinos, you often see loan sharks waiting for regular gamblers to borrow money at high interest rates. Since the urge to gamble is similar whether online or in physical casinos, it would be interesting to see if online casinos offer a way to borrow money to chase losses.

There’s none and I doubt online casino will offer this service since this might cause a legal issue for fueling addiction and at the same time there’s no valid collateral aside from crypto itself which doesn’t make sense to give a loan for them.

Even on physical casino lending inside the casino premises is illegal that’s why there’s a lot of pawnshop store setup outside the casino like Vegas because casino itself can’t offer this service probably due to conflict of interest or sort of issue they may faced once a gambler becomes addicted and file a case against them.

[GigaBit]

Even if there is such an opportunity in a physical casino, it is not available online. There are enough reasons for this. In a physical casino, the casino is able to know a client well, but in an online casino, even if there is a general KYC, there is no opportunity to lend money because there is no much knowledge about that gambler, especially about his assets or financial capacity. If money is to be lent to a gambler in online casinos, there is no chance of getting that money back even if he loses. But in a physical casino, it is possible to know additional information about a gambler, which is why loans can be made there. However, such opportunities are not given to ordinary gamblers. Only those who are VIPs and who have financial capacity can get such an opportunity.

[Outhue]

What makes you think that any casino can render such service? This is something that can kill the casino very fast, such business idea is not suited for online casino, it will be hard for them to move forward.

We have loansharks and banks standing alone for this reason alone, casino don't need to go this route.

My answer is no, I've never come across any online or even offline casinos offering lending on their platform, and I think it will be a very bad business idea to implement.

[Eternad]

I was wondering if there are online casinos that offer this kind of feature. In physical casinos, you often see loan sharks waiting for regular gamblers to borrow money at high interest rates. Since the urge to gamble is similar whether online or in physical casinos, it would be interesting to see if online casinos offer a way to borrow money to chase losses.

I think in the future this is possible since some casino is already incorporating DeFi with their website. Lending is a very thriving business on DeFi nowadays but this loan is only limited to loans with collateral unlike the typical casino marker which is the type of loan being offered by physical casino.


So far, there’s no online casino that offers loan since the only collateral they can get is just crypto while players already deposited their balance once they will use it as collateral so they can simply play using the money instead of paying high interest rate.

[joniboini]

Lending is a very thriving business on DeFi nowadays but this loan is only limited to loans with collateral unlike the typical casino marker which is the type of loan being offered by physical casino.

I get mixed analysis on DeFi nowadays. Some suggest that lending stuff will likely get left behind because the effort to maintain a balance between collateral and so on is not worth the cost. It's easier for a business to run a staking platform instead of a lending platform. Pretty sure it won't just die but I don't think it will become bigger as quickly as other niches. It doesn't help that some lending platforms went bankrupt because people failed to pay on time or they practiced terrible management. I'm not sure if a gambling platform will take another risk to try the same.

[laijsica]

The rationale for engaging in gambling with high interest loans is isolated and can lead to gamblers losing more money. Yes casinos offer high interest loans and this ensures that you will return to them again and again and physical KYC. I have not yet noticed the option of taking out loans on online casinos or betting platforms and if it does it could be great especially for regular gamblers. I have seen that staking is allowed and limited to gambling directly and you will not be able to cashout. Also there may be some online casinos that require you to go through several steps for KYC verification and deposit crypto regularly to show credibility but I am not sure. Overall, I think it is unreasonable to engage in gambling with high interest loans.

[Kelward]

I was wondering if there are online casinos that offer this kind of feature. In physical casinos, you often see loan sharks waiting for regular gamblers to borrow money at high interest rates. Since the urge to gamble is similar whether online or in physical casinos, it would be interesting to see if online casinos offer a way to borrow money to chase losses.

I doubt that any reputable casino will directly have a loan feature for gamblers, it wouldn't be reasonable, after a gambler loses their money to you and you still want to borrow them to perhaps lose some more. Physical casinos that gamblers can borrow might not be directly owned by the casinos, like I said earlier it would be unreasonable and unfair for them to have loaning facilities for gamblers. Loans should be discouraged in gambling, it's not like gamblers are taking the loans to invest in something that will give them sure returns. Gambling wins is by luck and gamblers should gamble with their own money.

[Lanatsa]

Too much of a risk of the loan never being repaid IMO. IRL they have your info and have their investment protected as well as will take you to court if they don't recover their money. Online, people would just give fake info and run away. Risk is too great for an online casino unless some sort of KYC process happened and personal details released somehow.

This is what im thinking too on which there's so much risks on the part of online casino on allowing these kind of loans on which they can anytime be not that able to get paid for those who do took up the loan even if its really that being KYC verified on which same as you said that it can always be faked out because using up someones information is really just that too easy or common and that will be ending up on casinos total loss on this case. Therefore, its really that not shocking that we wont be seeing such feature or availability on having some loans or lending on an crypto online casino on which this is that too risky for them.

If there are some instances or first time ever if crypto online casinos do offer such feature then it will definitely be making out that new trend and might spark up on the number of gamblers that will really be using up the site but just like on what been said above that potential loses could be in exchange because of that. So its a risky move to be done if they will be deciding up on this way.

[kotajikikox]

I was wondering if there are online casinos that offer this kind of feature. In physical casinos, you often see loan sharks waiting for regular gamblers to borrow money at high interest rates. Since the urge to gamble is similar whether online or in physical casinos, it would be interesting to see if online casinos offer a way to borrow money to chase losses.

Quite surprising that not a lot of casinos offer this. Is it because the risks of the player never actually paying is too high? What can they do if they don’t pay, right? Especially if the casino has no KYC requirements and they wouldn’t be able to chase the player to pay.

Not a casino, but a shopping platform allows for a lending service almost. Basically allows you to buy something and you just have to pay it over the next few months. Basically a loan but with whatever you want to shop. From what I have heard, people who haven’t paid don’t get really chased as much by the platform. They just restrict and ban that customer.

[m2017]

I was wondering if there are online casinos that offer this kind of feature. In physical casinos, you often see loan sharks waiting for regular gamblers to borrow money at high interest rates. Since the urge to gamble is similar whether online or in physical casinos, it would be interesting to see if online casinos offer a way to borrow money to chase losses.

So that in addition to the money lost in the casino, you have debts for losses on borrowed money? And you are well versed in perversions.

For online casinos, this is certainly profitable, but the question arises, how to implement it. Gamblers will gladly take borrowed money, but will they return it? And if gamblers used stolen or other people's documents for verification? Then how to collect the debt from them?

[FinneysTrueVision]

There was several casinos that used to have leveraged bankroll investing. It is not quite the same as taking out a loan but it is close enough because you are able to earn profits on an amount of money that you do not own. The drawback is that your losses are also magnified. It was incredibly risky, even with a lower amount of leverage because large whales get lucky from time to time and would leave you with severe losses.

[danherbias07]

It's the first time I read such a good question. I bumped into many online gambling sites and I never saw a feature where that will allow gamblers to borrow some money and play more. Why? I think because this is risky for the business itself. A lot of gamblers will probably be taking that loan and they will never pay it back because they will be deep in debt and that means more work for the gambling business as they will need to place a case against the borrower so that he/she will pay up.
I don't think any online gambling site will open such a lending feature.

[mammusu]

There was several casinos that used to have leveraged bankroll investing. It is not quite the same as taking out a loan but it is close enough because you are able to earn profits on an amount of money that you do not own. The drawback is that your losses are also magnified. It was incredibly risky, even with a lower amount of leverage because large whales get lucky from time to time and would leave you with severe losses.

Some casinos that once provided leveraged bankroll investment were once excellent, but along with the awareness of the users, many have now abandoned it, because they tend to players only get losses rather than profits, using leverage in bankroll investment in casinos is a very risky strategy, although it promises the potential for profits that can be very large, it is precisely the risk of multiple losses that make it an option that must be considered very carefully in my opinion, those who have strict risk management and a deep understanding of the dynamics of the game has avoided it all this time.

[crwth]

I haven't heard of an online casino that has that type of feature, and I don't think a business can encourage it because it might just get themselves (the players) into more debt if they encounter predatory loans. I also don't think it's good, with the risk of the business continuing.

[bettercrypto]

I was wondering if there are online casinos that offer this kind of feature. In physical casinos, you often see loan sharks waiting for regular gamblers to borrow money at high interest rates. Since the urge to gamble is similar whether online or in physical casinos, it would be interesting to see if online casinos offer a way to borrow money to chase losses.

If it's an online casino here in the crypto space, I haven't seen anyone like this lending to gamblers, but if it's a physical or landbased casino and you're a regular member,
you can still be loaned, as far as I know.

Now, if it's online, I don't think anyone will lend to their gamblers, even if we say that the one who will lend to the crypto casino is a VIP member, and they still won't do that
because the casino management or its owners are safe.

[Hirose UK]

Since I started to know and use online gambling until now I have never seen or known about any money lending service feature for customers, this is very risky for the gambling site itself because there is no guarantee whatsoever and it can even allow customers to borrow money and run away.
And even though have done KYC too will not be able to provide any guarantee because there is possibility that customers will do KYC with purchased identity or someone else identity, I don't think there will be single casino that really easily provides loan services.