Quote from: rahmad2nd on Today at 11:55:43 AM

Quote from: livingfree on July 23, 2022, 08:24:08 PM

Quote from: n0ne on July 21, 2022, 11:47:32 PM

It might look funny, but it striked in my mind. Why don't we have a gambling insurance. This means a premium to be spend every month. Through this one can be availed with two claims per year. Here the user needs to list the sites he use. When the person goes for claim, the data regarding the loss will be collected by the insurance company and provides with the insurance amount. Many won't like this, because of the privacy issues.

I don't think that's even a good type of business for the insurance companies. For sure if someone has a gambling insurance, that gambler won't be scared of losing anymore as there's a backup that he can get money again.

Even if it's just one or two claims per year, that would be a lot of money for the insurance company and they'll for sure be abused by those gamblers that would find them as a back up.

It's not just about the privacy issue but also about the insurance company itself that could go bankrupt too quick if there are too many claims.

well your answer is correct. IMO, no company is interested in opening insurance services for gambling.
There are many differences between insurance and gambling, the easiest of which are premiums for insurance, and bets for gambling.

I think there are many differences this will collide with each other because in the concept of insurance the essence will be different from gambling, goals, expectations, events, economic impact, psychological impact, social impact, so, the points I say will be contradictory in many ways.

That's why I agree with you that there will be no company that provides services for gambling insurance.
regardless of privacy or the insurance company itself. I do not agree that gambling is prohibited.

Your explanation makes things complicated. The only reason why gambling can't be applied on insurance is because of high risk involved. An insurance is only applicable on unforeseeable scenario such as accidents while losing in gambling can happened in purposed.

Rakeback and Cashback is more realistic insurance rather than the traditional that offers premium for gambling losses.