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

[Oluwa-btc]

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 something like that exists but isn't that a double loss on the go, that's gambling by getting into debts.Intentionally getting into debts.I wonder why anyone would want to implicate and  complicate themselves using such a means to compensate his/her gambling losses.I'm sure this is one of the ways people tend to gamble irresponsibly;Y'all should make sure to gamble responsibly to avoid unnecessary headaches.

[traderethereum]

You've never heard of it because we haven't invented it until today and there may not even be such a service in casinos, and it's true that the risk is very large for loans because there are often many gamblers who are impulsive in their gambling therefore if a loan is provided, it is likely that there will be many defaults by gamblers, most of them would rather lose their accounts and their names because they cannot pay.

This is also the case with online loans today as study data, a lot of people default on their debts and that can be the reason casinos will have problems if they have lending services, especially without collateral.

Secondly, problems will occur with the gamblers themselves when gambling using borrowed funds is foolish.

They will just get a big problem when they can not pay back the loan especially if they takes the money from the loan shark. If that is an online loans, I am sure the provider will chase the borrower and will force them to pay it back. They don't care with your situation because all they want is get their money back.

Yes, that is stupid thing that gamblers do if they decide to take a loan. Playing gambling will no need to be too serious because you will see yourself lose too much money. You will not have a chance to win the money but only lose more and more money.

[bangjoe]

You've never heard of it because we haven't invented it until today and there may not even be such a service in casinos, and it's true that the risk is very large for loans because there are often many gamblers who are impulsive in their gambling therefore if a loan is provided, it is likely that there will be many defaults by gamblers, most of them would rather lose their accounts and their names because they cannot pay.

This is also the case with online loans today as study data, a lot of people default on their debts and that can be the reason casinos will have problems if they have lending services, especially without collateral.

Secondly, problems will occur with the gamblers themselves when gambling using borrowed funds is foolish.

They will just get a big problem when they can not pay back the loan especially if they takes the money from the loan shark. If that is an online loans, I am sure the provider will chase the borrower and will force them to pay it back. They don't care with your situation because all they want is get their money back.

Yes, that is stupid thing that gamblers do if they decide to take a loan. Playing gambling will no need to be too serious because you will see yourself lose too much money. You will not have a chance to win the money but only lose more and more money.

The language is for people who understand finance, we are strictly prohibited from starting a business with borrowed money, this is also very emphasized for traders, and of course especially gambling is very risky, of course if you don't want problems then gambling should be with cold money and money that wants to be thrown away for fun.

hahaha right, unfortunately the addicted gamblers don't care about that and they will still borrow to be able to gamble, and if the casino has a loan feature then it will be a bad thing for both.

[stomachgrowls]

You've never heard of it because we haven't invented it until today and there may not even be such a service in casinos, and it's true that the risk is very large for loans because there are often many gamblers who are impulsive in their gambling therefore if a loan is provided, it is likely that there will be many defaults by gamblers, most of them would rather lose their accounts and their names because they cannot pay.

This is also the case with online loans today as study data, a lot of people default on their debts and that can be the reason casinos will have problems if they have lending services, especially without collateral.

Secondly, problems will occur with the gamblers themselves when gambling using borrowed funds is foolish.

They will just get a big problem when they can not pay back the loan especially if they takes the money from the loan shark. If that is an online loans, I am sure the provider will chase the borrower and will force them to pay it back. They don't care with your situation because all they want is get their money back.

Yes, that is stupid thing that gamblers do if they decide to take a loan. Playing gambling will no need to be too serious because you will see yourself lose too much money. You will not have a chance to win the money but only lose more and more money.

Casino hasnt lost something into a certain user since the amount borrowed had just basically lost to the platform itself on which simply means that casinos are risks free and at the same time they can asks for more on repaying up the loan on which its something an advantage. The thing on here is that they dont even know if they would be getting repaid by those gamblers who do took the loan? How they will be able to do get those unpaid loans into those gamblers? For sure there would really be that those verifications specially if the amount is already that too big. When it comes into this situation then we dont actually know on whats the set up with this kind of transaction in between the gambler and the casino itself.

User could actually that able just simply go out and wont be paying up the loan and since they do made out some agreement online then pretty sure they wont really be just care about. It is really just that there will be situations on which there might be some potential possibility that the casino will really be taking up extreme measure for someone who do took up the loan on which considering that they do know everything about you since you have given everything when it comes to information been provided. This is why on the time or moment that you do get a loan then think up first about on the possibilities.

[traderethereum]

The language is for people who understand finance, we are strictly prohibited from starting a business with borrowed money, this is also very emphasized for traders, and of course especially gambling is very risky, of course if you don't want problems then gambling should be with cold money and money that wants to be thrown away for fun.

hahaha right, unfortunately the addicted gamblers don't care about that and they will still borrow to be able to gamble, and if the casino has a loan feature then it will be a bad thing for both.

Those who borrow money for gambling will regret their decision because that will just waste the money for something that difficult to give them profit. But yes, I agree that the addicted gamblers will not care about that and they will digging another hole if they lose in the games so they can have more money to continue gambling.

They must realize that borrowing money will not help them winning in gambling because gambling is not a place to make money. If they want to playing gambling, they should prepare a limit money and obey that limit so they will not get more losses. Playing gambling is very risky so they must understand that they can only have fun and enjoy without thinks seriously to wins.

Casino hasnt lost something into a certain user since the amount borrowed had just basically lost to the platform itself on which simply means that casinos are risks free and at the same time they can asks for more on repaying up the loan on which its something an advantage. The thing on here is that they dont even know if they would be getting repaid by those gamblers who do took the loan? How they will be able to do get those unpaid loans into those gamblers? For sure there would really be that those verifications specially if the amount is already that too big. When it comes into this situation then we dont actually know on whats the set up with this kind of transaction in between the gambler and the casino itself.

User could actually that able just simply go out and wont be paying up the loan and since they do made out some agreement online then pretty sure they wont really be just care about. It is really just that there will be situations on which there might be some potential possibility that the casino will really be taking up extreme measure for someone who do took up the loan on which considering that they do know everything about you since you have given everything when it comes to information been provided. This is why on the time or moment that you do get a loan then think up first about on the possibilities.

In contrary, casino will make another source of income from the loan because many gamblers will be difficult to repay the money. But the online casino may not add those feature because as what you say, there will be a full verifications for their members who want to loan to casino. Besides that, if their members come from other country, maybe casino will difficult to track and find them to pay the money.

Maybe offline casino can gives this lend to gamblers because they are live in the same city so casino can go to their members house to ask for the money. But I see some casino have this feature but I am not too aware of that and I forgot what the casino name.

[madnessteat]

~OP~

I have never seen such a service and it seems to me that such a service would lead to more losses among gamblers. More likely to use such a service will be a gambler who does not know how to control himself. In the hope of recouping their losses gambler will lose and borrowed money. I think that each of us realizes that this is not very good on the part of the casino. Therefore, I am in favor of such services are not provided on gambling platforms.

[Rampagoe004]

They will just get a big problem when they can not pay back the loan especially if they takes the money from the loan shark. If that is an online loans, I am sure the provider will chase the borrower and will force them to pay it back. They don't care with your situation because all they want is get their money back.

Yes, that is stupid thing that gamblers do if they decide to take a loan. Playing gambling will no need to be too serious because you will see yourself lose too much money. You will not have a chance to win the money but only lose more and more money.

The language is for people who understand finance, we are strictly prohibited from starting a business with borrowed money, this is also very emphasized for traders, and of course especially gambling is very risky, of course if you don't want problems then gambling should be with cold money and money that wants to be thrown away for fun.

hahaha right, unfortunately the addicted gamblers don't care about that and they will still borrow to be able to gamble, and if the casino has a loan feature then it will be a bad thing for both.

Online casinos are not the right place to lend money for capital which will have fatal consequences in the future. Starting a business with other people's capital has no more benefits for us other than risk and losing that money. Gambling is clear that the money will be lost in the near future, it's better to play small to just for entertainment and manage your finances so that it doesn't continue.
Loans provided online are an opportunity for gambling addicts to lose and win. It's normal for them, but there will come a time when they realize things like that and sit quietly without much comment because financially they have lost.

[Botnake]

I have never seen such a service and it seems to me that such a service would lead to more losses among gamblers.

Probably the other way around. Online casinos are different from physical casinos where gamblers can be identified and seen in person. In online gambling, we value anonymity and privacy, making it nearly impossible for a lending business to succeed. I believe it would only lead to abuse by gamblers, as there’s no real way to ensure accountability in such a setup.

[Fortify]

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.

Casinos can make plenty enough money from players who are in credit and I'm pretty sure that most financial regulators would not want to see them become money lenders as there are all sorts of conflicts of interest going on there. Even then, casinos have a certain reputation to some people that is a little less than stellar, if you start allowing them to become effectively loan sharks, then that reputation would become even murkier - so it's a bad ideal all around. Not only that, they know how easy it is to lose money to a casino, so why would they want to extend credit to people who pour all their money and then other peoples money into these places, they might consider those people irresponsible players.

[peter0425]

Probably the other way around. Online casinos are different from physical casinos where gamblers can be identified and seen in person. In online gambling, we value anonymity and privacy, making it nearly impossible for a lending business to succeed. I believe it would only lead to abuse by gamblers, as there’s no real way to ensure accountability in such a setup.

I mean there are online casinos that require KYC in fact there are actually a lot of them if not most. As much as we value privacy, casinos value security and honesty to their platform. KYC allows them to avoid any kind of fraud or malicious behavior or activity from any of the gamblers so if they wanted to expand to lending businesses then they would need to strengthen KYC requirements.

[Botnake]

Probably the other way around. Online casinos are different from physical casinos where gamblers can be identified and seen in person. In online gambling, we value anonymity and privacy, making it nearly impossible for a lending business to succeed. I believe it would only lead to abuse by gamblers, as there’s no real way to ensure accountability in such a setup.

I mean there are online casinos that require KYC in fact there are actually a lot of them if not most. As much as we value privacy, casinos value security and honesty to their platform. KYC allows them to avoid any kind of fraud or malicious behavior or activity from any of the gamblers so if they wanted to expand to lending businesses then they would need to strengthen KYC requirements.

Okay, assuming we’re talking about online casinos here that ensure KYC compliance for all their clients. However, that still doesn’t guarantee that the lending business will work. KYC alone isn’t enough. The most important factor is determining whether a gambler has the capacity to pay, which is difficult to assess in online casinos. That’s why it only works in physical casinos, where they can take hard collateral - something that’s not possible online.

[pawanjain]

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 something like that exists but isn't that a double loss on the go, that's gambling by getting into debts.Intentionally getting into debts.I wonder why anyone would want to implicate and  complicate themselves using such a means to compensate his/her gambling losses.I'm sure this is one of the ways people tend to gamble irresponsibly;Y'all should make sure to gamble responsibly to avoid unnecessary headaches.

It's quite common to see this in physical casinos but it won't sound logical for an online casino to do it.
In a physical casinno, the person is right in front of them and so they can deal with them in person with their own rules.
In an online casino, it's easy to cheat the casino site with fake identity and so it becomes hard for the casino sites to deal with the real person.
May be this is why we don't see such lending services on online casinos.

[Z_MBFM]

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.

Loan service is always available in exchange for keeping something collectible. or you have to live within a certain area to avail the loan service. The reason physical casinos give you loan services is because you are in their domain and they know some of your weaknesses, due to which they can recover the loan money from you. But on what basis can you get a loan in online casinos? I have not seen any casino sites that offer loan services. And I don't think such sites are common.

[Cityhunter34]

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 think if such option exist, and even if it does there is no need to take loan to gamble chasing after loses.  Of course that will be adding petrol to fire. We all know how people are battling with gambling addiction and people will go as far as lending money to addicted gamblers with high interest, I will say I haven't seen such before.  And if it does exist like I said let no one fall for such temptation.  It is better to take a loan for other investments purpose than taking loan to gamble and chase of loses.

Yes, I don't really think if such thing exist. Of course even if such thing exist in gambling is actually not advisable for a gambler to engage their self in such thing because it will going course you more addiction in gambling while because they we going to take it as an advantage of chasing losses after they have lost the one that they have and at the end of the day they are still going to end up losing the one that they have already taking as loan which very wrong. However, as good gambler we should always try and avoid chasing losses in gambling.

[TheUltraElite]

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 was among the few loan sharks on the Primedice site - something I used to run as a small time hustle back when the Primedice forum existed and they allowed a lending section. The casino had no connection to it though, it was my own venture and all loans would be evaluated by myself before being dispensed. Some returned, some defaulted, eventually the owners were not liking the fact that their own high rollers accounts needed to be blocked because they defaulted a loan, so they instead shut down the forum section for that.

I was more at a break even state when it closed. Learnt a lot from the experience too.

[bangjoe]

The language is for people who understand finance, we are strictly prohibited from starting a business with borrowed money, this is also very emphasized for traders, and of course especially gambling is very risky, of course if you don't want problems then gambling should be with cold money and money that wants to be thrown away for fun.

hahaha right, unfortunately the addicted gamblers don't care about that and they will still borrow to be able to gamble, and if the casino has a loan feature then it will be a bad thing for both.

Those who borrow money for gambling will regret their decision because that will just waste the money for something that difficult to give them profit. But yes, I agree that the addicted gamblers will not care about that and they will digging another hole if they lose in the games so they can have more money to continue gambling.

They must realize that borrowing money will not help them winning in gambling because gambling is not a place to make money. If they want to playing gambling, they should prepare a limit money and obey that limit so they will not get more losses. Playing gambling is very risky so they must understand that they can only have fun and enjoy without thinks seriously to wins.

I'm not talking nonsense here, many facts happen in my neighborhood, gamblers will eventually borrow because they always lose and their winnings are returned to gambling with a gradual time in the phase that the gambler wants to try his luck again, many of the online loans go bankrupt and many gamblers also lose their property because of debt, I think everything is the same if it is also in the casino as a feature for lending.

Logically also without any collateral would they lend, I don't think casino owners are that stupid to start this kind of thing.

[LUCKMCFLY]

But people seems not care about being addicted to gambling because all they want to do is get the money and keep playing gambling. They want to recover their losses and win more money so that is why they do that without thinking the worst thing that can happen to them. Yeah, that is funny to see the reality that happen in that place and I guess that will happen too in the other places because gambler will find a way to have money so they will search for those who can lend them money.

Unfortunately, things are like this for some people who are in the casino, the publication of the photo where a loan house appears is simple, just a Consequence of what can be seen as Popularity , is it near a casino? It is obviously a big business, everything is a Business and everyone is looking for a way to make money, even if it is by taking advantage of the Perspectives and decisions of people , Unfortunately of the addicts, but they represent money, some People Take Advantage of it.

[taufik123]

Okay, assuming we’re talking about online casinos here that ensure KYC compliance for all their clients. However, that still doesn’t guarantee that the lending business will work. KYC alone isn’t enough. The most important factor is determining whether a gambler has the capacity to pay, which is difficult to assess in online casinos. That’s why it only works in physical casinos, where they can take hard collateral - something that’s not possible online.

Yes, of course you are right, Online casinos will not be able to provide maximum loan services when compared to offline casinos because Online casinos will be easy to manipulate and Online casino players will also not be able to know whether they are in a prohibited area or not because some users also use VPNs.

After all, the loan service in the casino will add to the risk of gambling, if the player who is too addicted sees it and knows that they can borrow without any collateral, this will be a place to make instant money and they will run away.

Of course, online casinos will not provide such stupid loan services and see the effects that will occur later.

[rodskee]

I think that each of us realizes that this is not very good on the part of the casino. Therefore, I am in favor of such services are not provided on gambling platforms.

i do not know if the casino will be thrilled about this there are still definitely knots need to be tightened but this can also be an individual preference some casino may want this to give their gamblers some options should they ever want it

if we think that this is harmful to us then we can just continue using our platform as we have done but for those who would want (even against the advice of many) could also if they do again.

[Nwada001]

I think something like that exists but isn't that a double loss on the go, that's gambling by getting into debts.Intentionally getting into debts.I wonder why anyone would want to implicate and  complicate themselves using such a means to compensate his/her gambling losses.I'm sure this is one of the ways people tend to gamble irresponsibly;Y'all should make sure to gamble responsibly to avoid unnecessary headaches.

Why we are here thinking about it morally not being a good standard for gambling is based on the double risk. Some people see it as an opportunity to fuel their gambling activities; they see it as having more chance of winning more or chasing their loss, which could give them a chance of recovery.

They don't look at it from the angle of losing both what was lost earlier and also losing what they just took as a loan, which they will have to pay back with interest for what was still used in the same platform.