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

[Baofeng]

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.

Very true, I have seen a lot of loan sharks in traditional casinos, and even casinos themselves are not doing anything to stop this individuals so I will say that this could be just normal though.

However, in online, since obviously, we don't know each other, haven't seen our faces, there could be none offering this kind of 'features' to gamblers as this is a big risk. Unless you really know that guy offline, but still though, everyone is 'anonymous' in online gambling and probably this is the reason why no one is taking that big risk to offer others to loan money with huge interest in return, not worth it as those who take the loan could disappear.

[alegotardo]

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 don't know either, but I'd like to speculate on some possibilities... I might be talking nonsense, but I'd like to discuss these topics:

Affiliate Schemes: Although direct lending is difficult, some casinos may have agreements with third-party companies or individuals who act as online loan sharks. These affiliates would offer quick loans to losing players, often with hidden interest rates or unfavorable terms. I just can't think of what the collateral would be to guarantee them.

Loyalty and VIP Programs: Those who pay for VIP or loyalty programs usually already have a higher reputation history or even a credit card pre-registered on the site, so it's easier for the casino to offer them advantages such as easy credit or loans, even as a "differential" to attract and retain high-value players who, due to some technical problem, don't have the possibility of transferring money to the casino instantly to continue playing.

Online Forums and Groups: I don't know about any, but are there any other forums specifically for gambling where players can find intermediaries who offer loans under some collateral?

[Sanitough]

I’ve never seen anything like that from the online casinos I use. If they had such a feature, it would be easy to spot since they’d advertise it. If you’re looking for a loan, I’d suggest using the forum, we have a lending service here with lenders who are willing to fulfill requests, whatever the purpose, as long as the account is trustworthy. Honestly, I feel that if a casino were to offer a loan service, it might just drag them into bankruptcy. 

[batang_bitcoin]

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 don't see any of it but a third party just like in local casinos. There are individuals that would like to give loans to gamblers but for some good offers and way below the value that they're going to lend for their collaterals. If the casinos can add self exclude then this might be possible for them to treat some customers with special treatment through offering some loans through them directly but with considerable rates and probably with collateral or probably without it depending the wagering amount that has been made. But I don't see this happening to any of the known casinos here soon.

[Makus]

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 don't see any of it but a third party just like in local casinos. There are individuals that would like to give loans to gamblers but for some good offers and way below the value that they're going to lend for their collaterals. If the casinos can add self exclude then this might be possible for them to treat some customers with special treatment through offering some loans through them directly but with considerable rates and probably with collateral or probably without it depending the wagering amount that has been made. But I don't see this happening to any of the known casinos here soon.

Giving loans to gambler is something I wouldn't advise anyone to do, especially when the purpose is to gamble with the loan again rather than using it for something else.  I've never seen a casino giving out loans, its obvious there is a 95% chance they'll take it back so why keep their bettors on debts when when they have this knowledge. If any establishes this service, it would only ruin their reputation because the society would surely kick against it as it would create more addicted and irresponsible gambling. Its best gamblers aren't given loans so they don't have unnecessary debts.

[Hispo]

... Honestly, I feel that if a casino were to offer a loan service, it might just drag them into bankruptcy. 

It would mean bankruptcy to them and pretty quickly, since we all know the money is going to be gambled away anyways. So there is no actual profit or opportunity for an online casino to offer loans, unless we are talking about loans backed by collateral, being valid collateral things like other cryptocurrencies. For example, there could be gamblers out there who desire to use their Bitcoin (let us say 300$ worth of BTC) to ask for the casino to lend them 200$ USDT, that only would make sense of the gambler believes the price of Bitcoin is going to increase in a relatively short period of time. The casino would have chance to manoeuver volatility of the market with the colateral and they will keep the Bitcoin in case the gambler fails to pay back..

It is pretty much what Binance does with their loan system.

[batang_bitcoin]

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 don't see any of it but a third party just like in local casinos. There are individuals that would like to give loans to gamblers but for some good offers and way below the value that they're going to lend for their collaterals. If the casinos can add self exclude then this might be possible for them to treat some customers with special treatment through offering some loans through them directly but with considerable rates and probably with collateral or probably without it depending the wagering amount that has been made. But I don't see this happening to any of the known casinos here soon.

Giving loans to gambler is something I wouldn't advise anyone to do, especially when the purpose is to gamble with the loan again rather than using it for something else.  I've never seen a casino giving out loans, its obvious there is a 95% chance they'll take it back so why keep their bettors on debts when when they have this knowledge. If any establishes this service, it would only ruin their reputation because the society would surely kick against it as it would create more addicted and irresponsible gambling. Its best gamblers aren't given loans so they don't have unnecessary debts.

That is what will actually happen. It's either they'll help a gambler recover their losses or add more to the losses that they are having but with more collaterals that they'll be taking from them. It's like a double edged sword for the casino and to the gamblers as well that are going to take that service and loan to whomever that offers it but as per casinos, I don't see any of it as well up to this point.

[Chikito]

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.

wow, i just found out it now, and that's quite a surprise for me. I read up also if They provide a fairly competitive interest rate Which makes the users unnecessary to repeatlly depositing crypto on their site.

Maybe in the future if users are active and always  play on betfury Casino, They may probably provide non corateral loan to the user who always make huge deposit and wager.

[Koadharber]

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 don't see any of it but a third party just like in local casinos. There are individuals that would like to give loans to gamblers but for some good offers and way below the value that they're going to lend for their collaterals. If the casinos can add self exclude then this might be possible for them to treat some customers with special treatment through offering some loans through them directly but with considerable rates and probably with collateral or probably without it depending the wagering amount that has been made. But I don't see this happening to any of the known casinos here soon.

Giving loans to gambler is something I wouldn't advise anyone to do, especially when the purpose is to gamble with the loan again rather than using it for something else.  I've never seen a casino giving out loans, its obvious there is a 95% chance they'll take it back so why keep their bettors on debts when when they have this knowledge. If any establishes this service, it would only ruin their reputation because the society would surely kick against it as it would create more addicted and irresponsible gambling. Its best gamblers aren't given loans so they don't have unnecessary debts.

That is what will actually happen. It's either they'll help a gambler recover their losses or add more to the losses that they are having but with more collaterals that they'll be taking from them. It's like a double edged sword for the casino and to the gamblers as well that are going to take that service and loan to whomever that offers it but as per casinos, I don't see any of it as well up to this point.

Just like on what that other poster saying above that Betfury is already giving out such service on which it did really happening now on which it is really that shocking that they do have that trusted up their gamblers on having some loan but we dont really know on what are their terms in regarding into this one on which knowing that gamblers who do make out some loses ask for some loans then it could be blown up even more on which how they would be trying out to get that someone to pay up the loan?
Not unless if there would really be that some collateral on which it will be at least that getting in the same value on how much they had borrowed. Totally surprise that there are already offering some loans.

[Japinat]

wow, i just found out it now, and that's quite a surprise for me. I read up also if They provide a fairly competitive interest rate Which makes the users unnecessary to repeatlly depositing crypto on their site.

Maybe in the future if users are active and always  play on betfury Casino, They may probably provide non corateral loan to the user who always make huge deposit and wager.

What they’re offering now are loans for users who have a stake in the casino. If I’m not mistaken, you need to hold BFG tokens to qualify. Essentially, it’s a secured loan, and the amount offered won’t be higher or even equal to the value of what the gambler is holding.

As for the interest, it’s very cheap. For example, with BTC, you only need to pay 1.90% annual interest, that’s practically a giveaway. It’s definitely worth trying for those interested, though it’s not for me since I don’t borrow money to gamble.

[Findingnemo]

AFAIK, there is no online casino whether it's fiat or crypto based platform doesn't offer any credit feature and they won't ever because it's huge risk because of the online factor cause recovering in case of default is almost impossible even with KYC details so they won't ruin their business by offering credits but on some factor they are offering indirectly by accepting credit cards which is nothing but a loan right?

[Free Market Capitalist]

It would be what was needed to finish destroying the degenerate gamblers. As it has been said, this type of service does not exist in online casinos as it does in some physical casinos.

The only way it would make sense online is with the gambler giving a collateral. But don't worry, whoever enters a gambling binge and doesn't want to stop betting will find a way to do it. Or he will use his credit card or instant or quick loans to continue gambling.

Although I hope the OP is asking out of mere curiosity and is not thinking about borrowing after losing a large sum.

[stadus]

AFAIK, there is no online casino whether it's fiat or crypto based platform doesn't offer any credit feature and they won't ever because it's huge risk because of the online factor cause recovering in case of default is almost impossible even with KYC details so they won't ruin their business by offering credits but on some factor they are offering indirectly by accepting credit cards which is nothing but a loan right?

There was one mentioned above - BetFury. You might want to check out the service and see for yourself. I’ve explored it a bit, but it’s not the regular type of loan we’re usually looking for. I mean, you need to stake first, which essentially means you’re borrowing your own money. In my opinion, that’s not really the essence of a loan.

[sompitonov]

It would be what was needed to finish destroying the degenerate gamblers. As it has been said, this type of service does not exist in online casinos as it does in some physical casinos.

The only way it would make sense online is with the gambler giving a collateral. But don't worry, whoever enters a gambling binge and doesn't want to stop betting will find a way to do it. Or he will use his credit card or instant or quick loans to continue gambling.

Although I hope the OP is asking out of mere curiosity and is not thinking about borrowing after losing a large sum.

I also think that the OP is a reasonable player and will never use this even if he finds such loans near the casino. However, I think that this should be banned even if it exists, because not only will the casino almost always win against the player in the end, but also too cunning and enterprising people with loans want to drive him into debt. This is terrible in fact and I sympathize with those who, under wild excitement, made such a not very reasonable step and decided to play in debt. The player could even understand what he was doing and was sure that he would never do this, but greed and other feelings that are caused by wagering, are ways to do anything to the player, it seems to me that even I could do this if I really wanted to win back, but I understand that there is nothing more stupid.

[batang_bitcoin]

That is what will actually happen. It's either they'll help a gambler recover their losses or add more to the losses that they are having but with more collaterals that they'll be taking from them. It's like a double edged sword for the casino and to the gamblers as well that are going to take that service and loan to whomever that offers it but as per casinos, I don't see any of it as well up to this point.

Just like on what that other poster saying above that Betfury is already giving out such service on which it did really happening now on which it is really that shocking that they do have that trusted up their gamblers on having some loan but we dont really know on what are their terms in regarding into this one on which knowing that gamblers who do make out some loses ask for some loans then it could be blown up even more on which how they would be trying out to get that someone to pay up the loan?
Not unless if there would really be that some collateral on which it will be at least that getting in the same value on how much they had borrowed. Totally surprise that there are already offering some loans.

That sounds like a true loan but it's not, you deposit or stake your BFG or money on them and for you to be able to take the amount that you're about to loan from them. Stadus is right, it's not basically loaning from the casino itself but you're just using a service and feature that they still have guarantee money from you before you are able to loan. But as it sounds like lending money done by the casino, maybe that counts but with conditions which we are expecting from a business.

[hedgeh0g]

AFAIK, there is no online casino whether it's fiat or crypto based platform doesn't offer any credit feature and they won't ever because it's huge risk because of the online factor cause recovering in case of default is almost impossible even with KYC details so they won't ruin their business by offering credits but on some factor they are offering indirectly by accepting credit cards which is nothing but a loan right?

I also do not know of any such credit service that is offered in gambling, but I am sure that they can be found offline, for example, in small towns. Only I am also worried about the success of returning such debts on a loan, because usually the player loses a lot and only then goes to the lender to take even more, and if he loses, then most likely there will be nothing to pay with. Therefore, such debts are problems for the casino and it is very bad when the player is in such a situation, but many will say that he himself is to blame, but the lender only contributed to this, which is also terrible in my opinion.

[DubemIfedigbo001]

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.

Those loan sharks exploit vulnerable gamblers at physical casinos, they obtain collaterals worth way more than the loan given to the gambler and most times when the gamblers fail to remit, they confiscate their valuable. I'll not blame them though, it's their business and the gamblers are their clients/prey. They're mostly run by third parties independent of the physical casino management although royalty is paid to the casino.


Online casinos can incorporate this feature, but I would suggest it's on a third party note and as a separate concern or entity and runs independent of the casino. Meddling loan services and casino activities by the same company can affect the casino adversely on the long run.

[Botnake]

Online casinos can incorporate this feature, but I would suggest it's on a third party note and as a separate concern or entity and runs independent of the casino. Meddling loan services and casino activities by the same company can affect the casino adversely on the long run.

This is not possible. Think about it, if a casino saw that lending money on their platform was profitable, they wouldn’t hand it over to a third party. Why would they share the profit when they’re the ones who built the platform?

The fact that most casinos don’t have a lending system makes it clear that no third party would enter this business either, it’s simply not feasible. In short, lending in an online casino is too risky and not a viable business model.

[LDL]

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.

Very interesting topic but I don't know if any casino has this kind of lending service. However, if the loan system is introduced, it will certainly face more problems than profits, especially if someone deactivates the account and exits forever after taking the loan, the authorities will face losses. If the KYC system is implemented and in that case the user takes a loan, the user may be somewhat responsible, but in casinos where KYC is not mandatory, it is never possible to implement a loan system.

[davis196]

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.

Lending service without a collateral? No way. The casino will basically lend you money, you will gamble and lose them(which means that the casino owner is basically paying himself with his own money) , and there's no way for the casino to force you to pay back that money.
Casinos offering a lending service with collaterals might be facing problems with the regulators. I've never seen a casino offering such service.
Some casino might offer demo accounts, where the gamblers could bet fictional money, but this has nothing to do with your idea.