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

[fruktik]

If we talks about this with online casino well I will say I never came across it maybe, it could be that I am not that down looking out for the lending parts. Though few times I visited physical casino there were this part for their regular gamblers. But then, to me this seems to be a deadly part as it could boost addiction to the next level with all possibilities, because an addicted gambler wouldn't know how the control themselves if they lose but would immediately go to the lending section to go take a loan to continue their gambling to increase debt on their accounts. But am sure, before this happens there should be a means of collateral which if the gambler doesn't payback they would easily sold the items kept as collateral to replace their borrowed amount.

Naturally, no one will provide a loan without some kind of collateral. Even now, banks cannot issue a loan if there is no collateral. I first encountered this when I decided to get a loan. I had to take out a loan using my car as collateral. That was the only way they approved it. Despite the fact that at that time I had a good salary. It was not enough. If banks are going to take such a step, then what can we say about casinos? If there is such a service, then you can safely expect that you will have to pledge some property as collateral. Without this, they will not issue a loan. Of course, I would refuse such a thing. Even if the excitement is too great.

[ethereumhunter]

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.

Usually the lender will stay at the casino and check if some people will asked for loan so they can give the money with details. But they can also rent a house near in the casino so people can visit them and take the loan from them. The casino employee may suggest to gamblers who lose their money to lend some money from a lender so they can back and playing gambling again.

Yes, that is a big business and many people are looking for that so they can keep playing gambling after they have the money. It needs awareness from people so they can realize the risks from borrowing money to playing gambling.

[knowngunman]

Honestly, this has been in the minds of online casinos, but they don't know how to build a trust system around the lending feature. Online casinos are not fintech (financial technology) that is the first problem. Second, it's difficult to control a debtor then imagine one who is a debtor in gambling.

You have mentioned one way the casinos can apply the loan feature, which is similar to how crypto exchanges operate. Where an individual must own an asset in the CEX, that is worth their loan amount. Another way is to add a fiat system to it. They can deposit and withdraw with their local cards, which must be added to the casino. However, gamblers willing to take the loan with the second option should be ready to be vulnerable to an attack since they are revealing their identity entirely to the casino.

With both ideas, the casino can take back their money directly or indirectly through their connected card when they fail to repay.

This won't stop casino from falling victim into the hands of those who will not pay back. In as much as the idea is good one, it's too risky for casinos to implement. Linking of card details or identity is really a minor commitment from gamblers side. Moreover, not everyone cares about their privacy as some other people do. They won't think twice to do everything necessary to get the lending services and once they lose it, they will probably abandon the account.

I'm very sure you've heard about Palm Pay and other Fin techs offering such services and how people don't hesitate to link their NIN/BVN just to get access to borrow and end up not paying. CEX case is entirely different since they operate like banks where you need to have a worthy collateral before you can be able to borrow from them.

[Jody.Drummer]

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.

Usually the lender will stay at the casino and check if some people will asked for loan so they can give the money with details. But they can also rent a house near in the casino so people can visit them and take the loan from them. The casino employee may suggest to gamblers who lose their money to lend some money from a lender so they can back and playing gambling again.

Yes, that is a big business and many people are looking for that so they can keep playing gambling after they have the money. It needs awareness from people so they can realize the risks from borrowing money to playing gambling.

Although there are options like this, I think only unwise people do or take out loans when they have experienced defeat and the purpose of borrowing is to gamble again, that is truly a behavior that can harm yourself. We should be able to think clearly not to pursue victory in gambling because it allows us to only experience bad situations, unless you yourself are ready for the risks and impacts that will occur. That is an option but I myself would not do it.
The risk of borrowing money to gamble is really big, now gambling in reality will not easily provide victory while people who desperately pursue victory by borrowing also have a high chance of losing, I can't imagine gambling with borrowed money and the results are disappointing, it can definitely make us stressed.

[stadus]

Although there are options like this, I think only unwise people do or take out loans when they have experienced defeat and the purpose of borrowing is to gamble again, that is truly a behavior that can harm yourself.

We all know that, but in the business world, it’s all about the money coming in. Casinos will only add features if they’re profitable. Offering loans isn’t one of them, because how can they trust gamblers whose identities might be revealed but offer no assurance of repayment? The only casinos that might do this are those that allow staking, where users who stake are eligible to borrow.

[Japinat]

We all know that, but in the business world, it’s all about the money coming in. Casinos will only add features if they’re profitable. Offering loans isn’t one of them, because how can they trust gamblers whose identities might be revealed but offer no assurance of repayment? The only casinos that might do this are those that allow staking, where users who stake are eligible to borrow.

I think if you’re staking and borrowing money, it’s not really relevant to the purpose of this discussion. Why? Because you’re essentially just borrowing against your own money, and I even doubt they’ll let you borrow the full amount of what you stake. So, it doesn’t make much sense.

If a casino were to offer lending directly, it might attract gamblers, but the real question is: would that lending be profitable? The answer is pretty obvious, no. That’s why no casinos currently have lending services in place. It’s just not a sustainable or practical model for them.

[ethereumhunter]

Although there are options like this, I think only unwise people do or take out loans when they have experienced defeat and the purpose of borrowing is to gamble again, that is truly a behavior that can harm yourself. We should be able to think clearly not to pursue victory in gambling because it allows us to only experience bad situations, unless you yourself are ready for the risks and impacts that will occur. That is an option but I myself would not do it.
The risk of borrowing money to gamble is really big, now gambling in reality will not easily provide victory while people who desperately pursue victory by borrowing also have a high chance of losing, I can't imagine gambling with borrowed money and the results are disappointing, it can definitely make us stressed.

Those who deeper in gambling will search and use that feature that available on casino without stopping. The casino may not prohibit them if they do that over and over again because casino will get a big return from those people. But those who borrowing money from casino or loan shark must realize that their decision is wrong and should repay the money before they use it to playing gambling. They must know that they will difficult to win whether they use their own money or from borrow money so they don't have to risk too much money to playing gambling.

[Jody.Drummer]

Although there are options like this, I think only unwise people do or take out loans when they have experienced defeat and the purpose of borrowing is to gamble again, that is truly a behavior that can harm yourself.

We all know that, but in the business world, it’s all about the money coming in. Casinos will only add features if they’re profitable. Offering loans isn’t one of them, because how can they trust gamblers whose identities might be revealed but offer no assurance of repayment? The only casinos that might do this are those that allow staking, where users who stake are eligible to borrow.

Of course, casinos will do what they can to make a profit, such as with bonuses and promotions, but for example, if this loan is charged interest, I think the casino will not do it because as you said, it is not easy to trust gamblers, even though they can get their complete identity, it does not guarantee that the person will be able to pay their debts because we know that people who borrow money to gamble are addicted and people who are addicted tend to only focus on gambling. If there is a casino that does this, of course they will pay more attention to the borrower than usual, besides that there may be collateral that must be issued by the borrower to get money and gamble again. But I can't understand people who take loans to gamble because they risk their survival when they take loans to gamble.

[2Pizza410000BTC]

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.

In my gambling experience, I have not seen any casino platform that offers loans to online gambling platforms. I gamble with cash when I need entertainment. I gamble sometimes when I feel lonely. I don't gamble all the time. And I don't think that having such a service would be applicable to everyone. There are VIPs or big gamblers who gamble with large sums of money regularly for whom it might be applicable. But if it were applicable to everyone that everyone could take loans and gamble, then I would never take loans from online gambling platforms to gamble because I know that debt destroys people even more.

[Oluwa-btc]

This kind of service offer will not be good at all. It will encourage gamblers to gamble more when the person has no money. It is better the way it is now as there is no gambling sites that I know that is offering this kind of service.

Exactly, this is the comments have been waiting to read, when such casinos offer a lending service to gamblers it sure prone a risk factor to them enabling them to gamble more and it's just like it's stress free. When they don't have a penny to do so they borrow from the casino to continue gambling, it sure have a high level of causing addiction and also making one be in debts.

[dimonstration]

This kind of service offer will not be good at all. It will encourage gamblers to gamble more when the person has no money. It is better the way it is now as there is no gambling sites that I know that is offering this kind of service.

Exactly, this is the comments have been waiting to read, when such casinos offer a lending service to gamblers it sure prone a risk factor to them enabling them to gamble more and it's just like it's stress free. When they don't have a penny to do so they borrow from the casino to continue gambling, it sure have a high level of causing addiction and also making one be in debts.

There’s no casino or any services that will offer a loan to anyone especially those who have money. In case there will be casino that will add lending surely they will offer it to few individuals hence high roller/VIP which established already their reputation on the casino that can pay debts due to their wager size.

The rest will surely be required by collateral before they can avail any loan. It’s dumb for casino to offer no collateral loan to random user despite having KYC since they don’t have way to force borrowers to pay their debt once they decided to default the loan in an event that they will lose inside the casino.

[JunaidAzizi]

Firstly, I don't understand why gamblers go to borrow money from loan sharks in order to recover their losses. If they have that much confidence, then how do they end up in loss? We can say that their luck is not on their side, so it would be better to wait rather than take the risk again. They lose their funds, and again they will borrow, which means the loss will now be doubled this time. Anyhow that's their choice, my aim is to make it clear that borrowing money when you are still in loss is not wise.

Now, coming to the point, offline casinos offer this option to borrow money at that time, but they require a hard form of collateral. So, if you are in an online casino, how can they trust a person they don't even know? Most people go to non-KYC casinos. Maybe there are some casinos that offer this kind of option, but they will be very strict with KYC. In return, you will have to provide collateral to them.

[GigaBit]

This kind of service offer will not be good at all. It will encourage gamblers to gamble more when the person has no money. It is better the way it is now as there is no gambling sites that I know that is offering this kind of service.

Exactly, this is the comments have been waiting to read, when such casinos offer a lending service to gamblers it sure prone a risk factor to them enabling them to gamble more and it's just like it's stress free. When they don't have a penny to do so they borrow from the casino to continue gambling, it sure have a high level of causing addiction and also making one be in debts.

There’s no casino or any services that will offer a loan to anyone especially those who have money. In case there will be casino that will add lending surely they will offer it to few individuals hence high roller/VIP which established already their reputation on the casino that can pay debts due to their wager size.

The rest will surely be required by collateral before they can avail any loan. It’s dumb for casino to offer no collateral loan to random user despite having KYC since they don’t have way to force borrowers to pay their debt once they decided to default the loan in an event that they will lose inside the casino.

In the case of loans, no one will provide loan services without collateral. That is why there is no possibility of ordinary gamblers getting that opportunity in casinos. KYC is only used to determine the identity of the gambler not his financial condition. I have no any experience this matter any gambling platforms provide loans, but those who are trusted gamblers or VIPs or other big designations on a site can also give a specific amount of money as a loan. This is not open to everyone. There is no opportunity to get a loan without collateral and this service will not be provided by any platform where there is no guarantee of getting return from the gamblers.

[LUCKMCFLY]

Usually the lender will stay at the casino and check if some people will asked for loan so they can give the money with details. But they can also rent a house near in the casino so people can visit them and take the loan from them. The casino employee may suggest to gamblers who lose their money to lend some money from a lender so they can back and playing gambling again.

Yes, that is a big business and many people are looking for that so they can keep playing gambling after they have the money. It needs awareness from people so they can realize the risks from borrowing money to playing gambling.

In that case, personally, I wouldn't like to be a moneylender, because in the end you don't know who you're lending money to. There are people who are mentally unstable and for money they could even kill someone. To be a moneylender, I think it should be through third parties and a study should be done on each player in that casino and that it should be someone recommended by the owner or someone trustworthy. Risking your life like that is dangerous. Well, everything in life is a risk, but when it comes to money, almost everyone wants it. So, if you lend money to someone who doesn't pay or doesn't want to pay, how would you force them to? Maybe with the mortgage on the house, but these are very tough cases. Sometimes money business can bring a lot of problems.

[samuraijin]

Usually the lender will stay at the casino and check if some people will asked for loan so they can give the money with details. But they can also rent a house near in the casino so people can visit them and take the loan from them. The casino employee may suggest to gamblers who lose their money to lend some money from a lender so they can back and playing gambling again.

Yes, that is a big business and many people are looking for that so they can keep playing gambling after they have the money. It needs awareness from people so they can realize the risks from borrowing money to playing gambling.

In that case, personally, I wouldn't like to be a moneylender, because in the end you don't know who you're lending money to. There are people who are mentally unstable and for money they could even kill someone. To be a moneylender, I think it should be through third parties and a study should be done on each player in that casino and that it should be someone recommended by the owner or someone trustworthy. Risking your life like that is dangerous. Well, everything in life is a risk, but when it comes to money, almost everyone wants it. So, if you lend money to someone who doesn't pay or doesn't want to pay, how would you force them to? Maybe with the mortgage on the house, but these are very tough cases. Sometimes money business can bring a lot of problems.

Still there will be people like that lending it to that person, If his desire is hindered by money then that person will desperately borrow in order to continue gambling, using a third party would be much better to avoid unwanted things, at least avoiding people who do not pay the debt and using a third party is much better, because this will be a risk of losing money or even losing life at once, the right solution is to provide a loan with a guarantee of something that might be a guarantee for the borrower so that the money borrowed is not wasted.

[Sandra_hakeem]

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.

Hold on a second, what's the point of having a lending service in an online casino? A diversified business plan? A slyish way to get 'em gamblers trapped all day in a casino -- in a way that whatever happens, their whole cycle revolves around the casino??. .. no!! They should be thinking of creating a food bank, some funds disbursement programs as well as health care programs... gamblers can feed themselves and pay mortgages from it as well... Wack!

BTW, I don't think there's anyone that offers a loan on a casino site. How'd the casino regulate such loans? Someone could easily walk off after borrowing and squandering everything.

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].

[1]. https://bitcointalk.org/index.php?board=65.0

There are a couple of apps to do so as well if you wanna avoid having it written on your profile I guess.

[stomachgrowls]

Usually the lender will stay at the casino and check if some people will asked for loan so they can give the money with details. But they can also rent a house near in the casino so people can visit them and take the loan from them. The casino employee may suggest to gamblers who lose their money to lend some money from a lender so they can back and playing gambling again.

Yes, that is a big business and many people are looking for that so they can keep playing gambling after they have the money. It needs awareness from people so they can realize the risks from borrowing money to playing gambling.

In that case, personally, I wouldn't like to be a moneylender, because in the end you don't know who you're lending money to. There are people who are mentally unstable and for money they could even kill someone. To be a moneylender, I think it should be through third parties and a study should be done on each player in that casino and that it should be someone recommended by the owner or someone trustworthy. Risking your life like that is dangerous. Well, everything in life is a risk, but when it comes to money, almost everyone wants it. So, if you lend money to someone who doesn't pay or doesn't want to pay, how would you force them to? Maybe with the mortgage on the house, but these are very tough cases. Sometimes money business can bring a lot of problems.

Still there will be people like that lending it to that person, If his desire is hindered by money then that person will desperately borrow in order to continue gambling, using a third party would be much better to avoid unwanted things, at least avoiding people who do not pay the debt and using a third party is much better, because this will be a risk of losing money or even losing life at once, the right solution is to provide a loan with a guarantee of something that might be a guarantee for the borrower so that the money borrowed is not wasted.

There are those loan set ups that brings up so much risks into the lender or the ones who do provide the loan specially if its non-collateral then it could really be that resulting into that loses once that lendor didnt really tend to paid up such loan into that specific due date. This is why it will be best that there's really that collateral. Speaking about 3rd party loans then basing up on that statement of yours on which not repaying loan is never been that advisable even if we do say that they cant be able to trace you up or find out but still its not ethical on doing up such step because thats really that totally a bad deed or action to make. Come to think about into those times that you are in need of money on which they have lent you some money then you should be that at least responsible on repaying it up at least.

For casinos that do offers some lending internally then they do really know on how to run up the business and also making it as some sort of advantages. Yes, they do offer non collateral but to know that the loan amount will really be that only used into the platform on which the gambler has nothing to ran away with the funds that they do loan on into the casinos which there's no way that platforms will really be that simply allowing on making up withdrawals with those loans at the time that they do make up such grant. Risks is there but due to this kind of prohibition or restriction then there's no way that they can easily be able to get out and also the casino will really be at advantage on where since they can still have some money that they could get into those who do took the loan basing up into the agreement.

[EarnOnVictor]

Although there are options like this, I think only unwise people do or take out loans when they have experienced defeat and the purpose of borrowing is to gamble again, that is truly a behavior that can harm yourself.

We all know that, but in the business world, it’s all about the money coming in. Casinos will only add features if they’re profitable. Offering loans isn’t one of them, because how can they trust gamblers whose identities might be revealed but offer no assurance of repayment? The only casinos that might do this are those that allow staking, where users who stake are eligible to borrow.

You have a good point that the risk is there, no one can trust an addict to pay, and even if the gambler is not an addict, so long as he losses the money to the same casino, he may not want to pay back. Still, we should not forget that many loan services exist and some loans are collatarised while the others are not. These companies still exist today and continue to make profits, so it can't hurt if casinos could have a department operating like that. They must have had their ways of collecting the loans back. The only issue here is whether or not the authorities will allow it as it can further bankrupt people, which is not fair.

[bettercrypto]

Usually the lender will stay at the casino and check if some people will asked for loan so they can give the money with details. But they can also rent a house near in the casino so people can visit them and take the loan from them. The casino employee may suggest to gamblers who lose their money to lend some money from a lender so they can back and playing gambling again.

Yes, that is a big business and many people are looking for that so they can keep playing gambling after they have the money. It needs awareness from people so they can realize the risks from borrowing money to playing gambling.

In that case, personally, I wouldn't like to be a moneylender, because in the end you don't know who you're lending money to. There are people who are mentally unstable and for money they could even kill someone. To be a moneylender, I think it should be through third parties and a study should be done on each player in that casino and that it should be someone recommended by the owner or someone trustworthy. Risking your life like that is dangerous. Well, everything in life is a risk, but when it comes to money, almost everyone wants it. So, if you lend money to someone who doesn't pay or doesn't want to pay, how would you force them to? Maybe with the mortgage on the house, but these are very tough cases. Sometimes money business can bring a lot of problems.

You know that nowadays there are many people who even if they don't know they are borrowing money, they will do it to borrow money as long as they still want to continue playing gambling. This is if they are in a casino. Now, if they look for collateral, either the jewelry they were wearing when they were gambling, or the vehicle they were carrying can be collateral to lend them money from the casino management itself.

This is the system that I know according to my friend who often gambled at land based casinos before when we were still working together.
But as long as possible, I hope not, if you lose, stop.

[ethereumhunter]

In that case, personally, I wouldn't like to be a moneylender, because in the end you don't know who you're lending money to. There are people who are mentally unstable and for money they could even kill someone. To be a moneylender, I think it should be through third parties and a study should be done on each player in that casino and that it should be someone recommended by the owner or someone trustworthy. Risking your life like that is dangerous. Well, everything in life is a risk, but when it comes to money, almost everyone wants it. So, if you lend money to someone who doesn't pay or doesn't want to pay, how would you force them to? Maybe with the mortgage on the house, but these are very tough cases. Sometimes money business can bring a lot of problems.

We don't know which casino lending money but the third party may search for the target in the casino and ask if they need money to continue gambling. Gamblers will take the offers especially for those who want to keep playing gambling because they want to recovers their lost money. We will not know about their transaction because they will not tell other people in the casino. But when they can not pay the money, the lender will search for people who have relation to the borrower and will visit on the borrower house to ask for the money. So that is why we don't have to borrow money just for playing gambling.