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

[Wiwo]

There is 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 happens and personal details are released somehow.

This is too far a risk that casinos will want to take because most of those taking the loans already have average gambling issues, and at that, the tendency of not repaying the loan is high, just as you mentioned, KYC alone is nothing aside from the legal possibility, what about Individuals bankruptcy states.

Unless a total scammer could just take the loan and withdraw from the casino with gambling, otherwise any other genuine gambler who is optioning to take a loan to gamble with is already in bankruptcy state; lending out such money is like throwing stones into an ocean amount to nothing but loses.

[panjul07]

There is 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 happens and personal details are released somehow.

This is too far a risk that casinos will want to take because most of those taking the loans already have average gambling issues, and at that, the tendency of not repaying the loan is high, just as you mentioned, KYC alone is nothing aside from the legal possibility, what about Individuals bankruptcy states.

Unless a total scammer could just take the loan and withdraw from the casino with gambling, otherwise any other genuine gambler who is optioning to take a loan to gamble with is already in bankruptcy state; lending out such money is like throwing stones into an ocean amount to nothing but loses.

As long as the loan requires collateral which worth more than the loan amount, it wont be that risky to the casino just like a common loan in this forum where some lenders ask for collateral as a requiremement for anyone who want to get a loan.
There will be no casino that is willing to provide a loan for their players without collateral because it is simply will be something so risky even though the players are loyal players in the casino.
However it is not a common practice in gambling industry where casino provide a loan to their players, even if there is casino that can give a loan to their players (with collateral), I'm as a gambler will never ask for a loan in a casino.

[ryzaadit]

No, If you are regular user.

Yes, If you celebrity who have net-worth of your self (basically, credits or trust fund). Do, online casino can do the credit line ? yes, just search TOGI he borrowed some money from casino especially Roobets.

But, If you just regulars user. Don't hope.....

[yahoo62278]

There is 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 happens and personal details are released somehow.

This is too far a risk that casinos will want to take because most of those taking the loans already have average gambling issues, and at that, the tendency of not repaying the loan is high, just as you mentioned, KYC alone is nothing aside from the legal possibility, what about Individuals bankruptcy states.

Unless a total scammer could just take the loan and withdraw from the casino with gambling, otherwise any other genuine gambler who is optioning to take a loan to gamble with is already in bankruptcy state; lending out such money is like throwing stones into an ocean amount to nothing but loses.

As long as the loan requires collateral which worth more than the loan amount, it wont be that risky to the casino just like a common loan in this forum where some lenders ask for collateral as a requiremement for anyone who want to get a loan.
There will be no casino that is willing to provide a loan for their players without collateral because it is simply will be something so risky even though the players are loyal players in the casino.
However it is not a common practice in gambling industry where casino provide a loan to their players, even if there is casino that can give a loan to their players (with collateral), I'm as a gambler will never ask for a loan in a casino.

You're talking about gamblers man. A gambler is going to sell all his collateral well before he goes looking for a loan. They are not going to be sitting there holding $10000 worth of doge and asking a casino for a loan using the doge as collateral. They will sell the doge and if they lose look for another way to get money.

[vs2014]

As far as i know loans are only given to land based casinos. A casino is always frequented by rich people, so the casino always wants to make a profit from the gamblers, which is why they want to take the risk of such loans. But many cases can happen like gamblers who take loans and run away and don't want to pay back their loans. However, this is a complete no-no in online casinos because you can run away without paying the online casino loan. Every casino will give you opportunities because they need customers and because of this they will use different tactics.

[arwin100]

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 far never see a online crypto casino offering such service since maybe they know that its risky for their business to add that feature since we know that there are so many frauds around.

But as far as I know this lending thing commonly happen on land base casino where there are loan  sharks in the area which is willing to give loans to a player in area. I tried to do a research about this lending features if there's existing casino offering this but so far didn't find any tracks if there's casino really offering this.

Maybe this feature will be available on new crypto casino in future.

[stompix]

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.

You don't need to go with loan sharks, most casinos offer credit lines with nearly zero interest based on your history and ID, you get yourself approved in 24-48 hours, and the sums are based on what you can actually pay back, some casino can offer you only $5000 but the ones aiming only at whales start from a minimum of $10 000, as they are not even interested in small fishes.

As for online casinos, the problem would be how would they recoup the money, the legal cost for a foreigner would be maybe more than what's worth and you have no guarantee the guy can even pay up, too risky, that's why no collateral loans turn so easily to scam even here.

As long as the loan requires collateral which worth more than the loan amount, it wont be that risky to the casino just like a common loan in this forum where some lenders ask for collateral as a requiremement for anyone who want to get a loan.

And the point of the casino getting the collateral to issue a loan when the player could simply sell the collateral and play would be what from their point of view, other than a massive headache?

[Japinat]

So far never see a online crypto casino offering such service since maybe they know that its risky for their business to add that feature since we know that there are so many frauds around.

Same here, gamblers are constantly coming and going. With so many online casinos available, they can easily abandon their account and create a new one elsewhere, or even in the same casino, as long as the casino allows players without requiring KYC. While this might seem like a good feature. like a one-stop shop, problem is the high-risk nature of it means it likely wouldn’t last long, even if it exists.

[aoluain]

I always thought that lending funds to a gambler was dangerous and also if you are
gambling and need to borrow funds points to that person being addicted or they cannot
afford to be doing it.

With my cynical hat on I can see why casinos offer that to some customers, it
increases their takings, people are betting with funds they dont necessarily have
but the win/loss rate doesnt necessarily change.

[freedomgo]

I always thought that lending funds to a gambler was dangerous and also if you are
gambling and need to borrow funds points to that person being addicted or they cannot
afford to be doing it.

Gambling is dangerous, man. I mean, in gambling, dealing with risk is already a norm.. it’s part of the game. But in the end it’s up to us to manage that risk. Casinos and lenders are all betting on their edge, it’s purely business. They don’t care about a person’s mental state because when we gamble, we’re affirming that we are of sound mind and at a responsible age.

So, if a casino spots another income opportunity, they’ll go for it as long as the risk isn’t too high.

[Wexnident]

~

Wouldn't this require some sort of agreement with banks, if any would actually agree? I highly doubt casinos would try and shoulder all the possible blame if someone runs away even with KYC, so they might as well let the banks do it since they have more manpower (and experience) chasing after loan defaulters.

Same reason why loan sharks do it rather than the casinos themselves I guess? And to be fair, I'd say it's a lot easier to take a loan online than when you're at a casino so I reckon that's why they didn't bother implementing a system like online loan sharks cause there's no need to. The user could just do it themselves rather easily!

[acroman08]

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 seen it in online casinos but I have read about "casino credit" before and from what I remember it is usually reserved for gamblers that is a regular in the casino and a high-roller(just to be clear I am not certain that is 100% the case). also, I remember that you need to apply for it and get approved before being allowed to "borrow" from the casino.

anyway, it'll be interesting if online casino has this feature but I can't help but think that this could be risky for the casino.

[lovesmayfamilis]

I believe that online casino lending services can be a very risky topic since sometimes not all casinos can know full information about their clients. Forged documents with a forged place of residence will not be a problem for good scammers, and they could certainly take advantage of cases by taking loans. In addition, the purely human factor when people do not have enough funds to play is that they are forced to end the game, but having such a service, they simply will not be able to stop in time, plunging themselves deeper into gambling addiction, which is quite difficult for many to get rid of.

[summonerrk]

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.

An interesting and unusual idea. I am sure that if online casinos had such an opportunity, they would definitely provide loans (after all, it would be very profitable for them), but there is no such function, which means that either they are not allowed at the legislative level. Or the approval of a loan in an online bank is done so long, and you need to provide so many documents that any gambler will eventually give up this idea. I think this is why casinos do not provide loans to players. Yes, perhaps this is right, many already ruin their lives with losses, after which they also hand over all their property to a pawnshop.

[gunhell16]

There is 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 happens and personal details are released somehow.

This is too far a risk that casinos will want to take because most of those taking the loans already have average gambling issues, and at that, the tendency of not repaying the loan is high, just as you mentioned, KYC alone is nothing aside from the legal possibility, what about Individuals bankruptcy states.

Unless a total scammer could just take the loan and withdraw from the casino with gambling, otherwise any other genuine gambler who is optioning to take a loan to gamble with is already in bankruptcy state; lending out such money is like throwing stones into an ocean amount to nothing but loses.

As long as the loan requires collateral which worth more than the loan amount, it wont be that risky to the casino just like a common loan in this forum where some lenders ask for collateral as a requiremement for anyone who want to get a loan.
There will be no casino that is willing to provide a loan for their players without collateral because it is simply will be something so risky even though the players are loyal players in the casino.
However it is not a common practice in gambling industry where casino provide a loan to their players, even if there is casino that can give a loan to their players (with collateral), I'm as a gambler will never ask for a loan in a casino.

Then, if there is a crypto casino that will let their players gamble on their platform, what collateral will they ask for from those who have accounts on their gambling platform? Maybe they will just imitate what other cex platforms do, which is that they must have a balance of at least $200 or more, which they can lock or freeze, right?

But as you said, it is still unclear for crypto owners to do this in this crypto business in the world of the gambling business industry that gamblers are used to here too.

[Porfirii]

I won't give names but I have known platforms where the opposite happened: exchanges where you could lend or borrow money, where you could also find some gambling features. Unlike many crypto casinos, they got the risk of default covered thanks to personal and banking info from their clients.

I haven't used any of them for a long time, and I don't even know if they're still active, but I remember perfectly well that they had games like dice. Offering both lending and gambling services in the same place is certainly a brilliant business, although there is no doubt that it could be morally reprehensible.

[iv4n]

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.

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.

I also don't know if any other casino has a loan feature, and I am registered in many of them.



Here is a little more information about this feature. The minimum amount to loan is $200, and collateral is needed. Some say it's not a bad idea to borrow a stable currency while keeping Bitcoins (or some other coin) that can go up. In any case, I haven't used this feature, and to be honest, I don't intend to.

[Popkon6]

I have been involved in gambling for a long time but I have not been able to find a loan. However, this type of loan would be very popular if gamblers face a huge loss and can temporarily get back into gambling by taking a loan.
Gambling does not always result in profit for gamblers, but those who lose money due to losses or losses can apply their skills to gamble again. I will definitely look into this on the gambling side and will be very happy to get it.

[Marvelockg]

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 can't think of any that has a lending feature on their site but having such feature is not something that should be encouraged as it has a high tendency of getting users bankrupt as they will always try to take up a loan as a way of recovering their losses. even as someone that has occasionally taken some loan in my online banking app, i know how tempting it can be when i am out of cash and remembers that i can easily obtain a loan from my banking app. it is not the best of feature and it is likely the reason why you don't get to see it in most of the popular casinos. even though for the casino, what they are after is to get profit but understand the effect some of the options given to gambling has on their users is very necessary.

lending and using the money to gamble is not a responsible lifestyle that should be encouraged be it that you are lending from a friend or that you are getting it from a gambling platform. OfCourse before they will allow this, you should be ready for a collateral and that doesn't look like something you can easily think of how they can get one except you have to link your bank account to it if the casino operates in your region.

[Wapfika]

I have been involved in gambling for a long time but I have not been able to find a loan. However, this type of loan would be very popular if gamblers face a huge loss and can temporarily get back into gambling by taking a loan.
Gambling does not always result in profit for gamblers, but those who lose money due to losses or losses can apply their skills to gamble again. I will definitely look into this on the gambling side and will be very happy to get it.

It’s very hard to find one since it’s online which means there’s no possible collateral besides crypto itself.

Online casino is already thriving business which means there’s no need for them to give loan if there’s no collateral that they can get aside from trust basis. I think the forum loan is the closest lending service which a gambler can use since some lender here allow no collateral loans.