Sports Betting and Gambling Insurance

[tikibarrister]

Gaming - K&K Insurance Group, Inc.

That’s what I would expect. You can certainly get general liability, etc. if you’re a casino or running a bingo hall - e.g., for slip & fall accidents, burglaries, etc. But no one is going to insure the gambling operation.

As a bettor? Forget it. It’s quite literally the textbook definition of uninsurable risk.

I have been to a couple golf events where if you sank a hole in one on a certain hole, you won a car. The event organizer took out a policy (very cheap) that paid for the car if this happened. The only hole in one I ever hit was at one of these events. My HIL was on the par 3 on the front nine...the car hole was the par 3 on the back nine

 

[Allen Trent]

As a bettor? Forget it. It’s quite literally the textbook definition of uninsurable risk.

At least should be. we learned in 2008 there was a form of combination betting/insurance in the credit default swaps & synthetic CDOs. At least that went pretty smoothly for everyone involved & everyone in the economy......................LOL

 

[PA Bill]

No worries, you can always write off the losses!

 

[Davidsvim]

Thanks for this interesting solution!

 

[Markthebroker]