Sports Betting and Gambling Insurance
- Thread starter tiniko
- Start date
- 4,096
Yes, its called handicapping.
Better yet, just don't bet.
Let's just say there is gambling insurance. How would you pay your premium if you are flat broke?
Better yet, just don't bet.
Let's just say there is gambling insurance. How would you pay your premium if you are flat broke?
It is illegal... simple as that
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On may 5th, i woke up at 5 am. i was dreaming of the number 5 all night... I had the 5 dollar special at the diner for breakfast, I filled my car up with gas, 55.00. i said i have to go to the race track, it was 55 miles away. i got their at 5pm, just in time for the 5th race.. I bet 500, on the #5 horse..... sure enough she came in 5th.....
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On may 5th, i woke up at 5 am. i was dreaming of the number 5 all night... I had the 5 dollar special at the diner for breakfast, I filled my car up with gas, 55.00. i said i have to go to the race track, it was 55 miles away. i got their at 5pm, just in time for the 5th race.. I bet 500, on the #5 horse..... sure enough she came in 5th.....
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- 9,744
Most savvy bettors (known as "punters" in England btw) will employ a hedging strategy as the spread/price/money line moves. That's the "insurance" these "sharps" (aka-smart money) employ to manage risk.
- 15,041
Are you asking about this as the bettor, or as the sports book and casino? Completely different questions. No such insurance for the bettor and probably not for the sports book or casino. But then maybe there is, who knows.
- 3,764
only insurance I ever knew about on sports betting, was Nicki Santoro from Casino. If you won, he wouldn't pay you. If you lost, he'd collect...Great insurance policy for the Tangier's
- 5,290
InsuranceGuy29
Guru
- 405
His name in real life was Anthony "The Ant" Spilotro. True story, my parents grew up with him in Chicago. At 5'2" he was feared by everyone that knew who he was. He was an absolutely great and ruthless fighter. And of course...completely psychotic. Pesci played his character perfectly.
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I am betting just for fun, so I am not having this problem. Why would I risk placing a bet that costs a lot? After all, there are not many people who are able to win a huge amount of money out of bets. The majority of them end up in bankruptcy, so it's not worth it. I have a friend who has lost his house because he got addicted to betting and he simply couldn't stop. I don't want to end up like this. Betting is supposed to be something fun. You gather with your friends, talk, have a laugh and place some bets. That's the ideal situation if you are asking me
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