Gambling Insurance

Gambling Insurance

An insurance policy that provides coverage for gambling losses. Gambling insurance is quite unusual in practice because it may encourage a policyholder to place bets recklessly, compounding losses. As with all insurance, one must pay a premium to receive the coverage.
References in periodicals archive ?
They are the first site ever to offer players an online gambling insurance service in the form of a $1000 deposit guarantee and also have hot off the press news, free contests and exclusive interviews with online gambling personalities.