No stock sales, no buying, no selling, no pyramid schemes here. Just good old fashioned gambling. With insurance.
Insurance? Sure. There really is a way to safely cover your bets, and even get some of it back, even if you happen to lose. On the Internet. Interested? Of course you are. It’s American to gamble, by God.
Why, if it wasn’t for gambling there might not even be an America as we know it. That’s right. I said that.
Here’s why: The United States has a strange history when it comes to making bets. The very first English settlers to come over to the New World were funded by a lottery that raised money for the trip. This was a common practice at the time. Many of the first colonies were funded with organized wagering exercises, such as lotteries. Of course, the first thing the Puritans did, once they were established in the bountiful new country, was outlaw gambling and nearly everything that was fun- drinking, dancing, all the good stuff, believing that it would undermine a sound work ethic, and promote ‘idleness and debauchery.’
But gambling, or betting in general, was already in place, among the savages. Long before most of the Europeans settlers landed on these shores, one explorer reported sighting native American Indians betting on the outcome of their own curious sporting events. The Indians would, in the end, have quite a say about gambling in the United States, in spite of the odd attitudes that continued with the nation’s Puritan heritage.
Despite the initial bans on gambling, the urge to wager seemed to go hand-in-hand with the frontier spirit that made the country was it is today. In a defining act of hypocrisy, General George Washington forbid his solders from gambling at Valley Forge. But he famously enjoyed playing poker with his officers. He kept a record of his winnings and losses. This kind of tally can come in handy. Later on, out in the wild west, gambling was a huge, popular part of the country’s expansion, as poker games, roulette, and other games of chance drew pioneers in for the excitement of betting their stakes in gold mines and ranches on their favorite magic numbers.
Too bad they didn’t have any insurance to help them out. Maybe if they had kept records of their winnings and losses, someone could have helped them figure it all out.
Gambling is defined as ‘the wagering of money or something of material value (the stakes) on an event or game, with an uncertain outcome, for the intent of winning an additional sum of money or goods.’ Sound familiar? This would cover the act of making a wager online on an NFL or college football game, wouldn’t it? According to the proper definition, gambling typically requires three things:
Oddly enough, this definition also covers another form of activity, a sometimes mysterious entity called Insurance. That’s right, insurance is related to gambling. In a big way.
Under law, insurance contracts are seen as agreements in which ‘either party has an interest in the "bet-upon" outcome beyond the specific financial terms. E.g.: it’s a “wager” with an insurer.’ When you buy insurance on say, the possibility that your house might burn down, you may be gambling with your future, but this process is called something else, because ‘insurance’ sounds better than ‘gambling.’ You, the homeowner, have an obvious interest in the continued existence of your home independent of the purely financial aspects of the "wager" (i.e., the insurance policy).
Contractual agreements to insure or gamble are legally considered to be ‘aleatory contracts’ under most legal systems, but they are subject to different types of regulation.
Insurance is defined as ‘the equitable transfer of the risk of a loss, from one entity to another in exchange for payment.’ This form of risk management is mainly used to hedge against the risk of a contingent, uncertain loss.
What if I told you that this process also applies to making wagers on football games at one leading online sportsbook?
According to one official definition of Insurance, “Financial risks are those in which the risk must have financial measurement.” This could also be relevant to what I’m about to tell you. The definition says that “Pure risks means that the risk must be real and not related to gambling.” Guess what? That part is just not true.
There is insurance for gamblers. I know, because I have it, with my favorite online sportsbook, youwager.lv.
As most dictionaries will tell you, “It is commonly accepted that only financial, pure and particular risks are insurable.” Wrong. Even gambling online can be covered at youwager. youwager, a First Fidelity-owned sportsbook is famous among serious sports wagering fans for square deals, great promotions, and programs that reward loyal customers. One of these programs is their unique Gamblers Insurance, that, for customers that qualify, actually returns a percentage of their losing wagers!
Like Karma, what goes around comes around. If you thought a fair deal is impossible in these crazy times we live in, it looks like you were mistaken. Even gambling has rewards for those who play the system the right way. Just ask the Indians.
In the early 1970s, Russell and Helen Bryan were living in a modest mobile home on a reservation. As Chippewa Indians, they were very surprised when they got a bill in the mail for property tax from their local county in Minnesota. They refused to pay it. Legal services helped them fight this in a series of court battles that they first lost, but they didn’t give up. Eventually, the case went to the U.S. Supreme Court, which ruled that American states do not have the legal authority to tax Indians living on reservations. The court also ruled that the U.S. government does not have the right to regulate Indian activities. This opened the door for gambling. In just a few years, many Indian tribes began to run bingo games, all over the country. These ‘activities,’ were initially challenged by several state governments, but as you might guess, it ultimately led to the large casinos that currently exist in many states, on Indian reservations.
Gambling is easy, life is hard.
The Indians now offer gambling to their white brothers, all over the nation. But they do not offer insurance with this gambling. They know better than to try to horn in on one of the biggest enterprises in the American business system. But as some U.S. citizens and religious zealots continue to argue about the moral issues of gambling, the Internet is still our last frontier. Our electronic wild west.
Even though no one has yet to uncover a Bible verse that says, “Thou shall not wager on sports,” some religious citizens feel the scriptures provide a trustworthy guide for deciding which activities please or displease our Creator. And some of these folks, just like the Puritans, do not see gambling as a positive experience. They feel that the act of betting gives people a sense of false hope. The way they explain it, sports wagering fans put their hopes in winning, against the odds, when instead, they should be putting their hope and trust in the Lord. All through the Bible, they say, they are told that their hope is in God alone, not money, power, or position.
However, some churches and some religions, have no problem with a little gambling now and then. They argue that gambling is simply a form of entertainment, and as such, it is no more immoral than going to a movie or concert. Some Christians believe that church raffles, bingo games and other events that involve wagers or games of chance can help raise funds for Christian education or important ministries, and that these activities are merely harmless forms of fun, just another way to make a donation that involves a game. They believe that, like consuming alcohol, adults should behave responsibly.
Yet they offer no insurance for their gamblers.
Here’s how it actually works…
In order to be eligible for Gamblers Insurance at youwager.lv, all that this leading online sportsbook requires, is that you give them a period of 12 weeks worth of action. Making one wager a week would qualify as action. Each wagering period is broken down into 26 weeks. What this means, is if you only make one wager every 2 weeks, you could still qualify for your Gamblers Insurance.
August 1 to After Super Bowl - Call in anytime in February after the Super Bowl
After Super Bowl to August 1 - Call in anytime in August
After one of the periods ends, they ask that you go online, sign in with your account # and password, and then submit your request on the Gamblers Insurance pop-up window.
Any deposit of $500-$999 will get you 15% of your net losses back, twice a year!
Any deposit of $1,000 or more, will get you 25% of your net losses* back twice a year!
*Poker losses do not count towards NLB Bonus.
Go ahead, try getting a deal like that with a casino on an Indian reservation, or at your local church raffle.
Because they want your business, and they want returning customers, the sportsbook that sharp bettors say has been “paying like a bank” for nearly 20 years, will even remind you to renew your account or make wagers so that you can qualify for your Gamblers Insurance. Really. It’s true. I know, because I have seen these notices, in my email box, from youwager.lv. They have been sending me these reminders for years now, and I have paid attention.
Why am I telling you about it? Well, let’s just say I have my own agenda here. Unlike the Puritans, I guess I side with the pioneers, when it comes to our last frontier, the Internet. I want the Internet to remain what it is today, a place where Indians and other citizens don’t have to worry about unfair taxes or restrictions. I want ethical businesses like youwager.lv, that provide a reliable service for me, to thrive on that big super-information highway.
Just so we have our facts straight here, please allow me to run through it again, OK?
While some people, would have you believe that gambling is a bad thing, even if it paid for their way into this world, I certainly don’t. It’s one of my favorite forms of entertainment. It makes the NFL regular season much more interesting for me, I know that for sure. I have been wagering on sports for some time now, and I am proud to say I have won quite a bundle over the years. If you have read this far, I’m guessing that you are in my camp on this one. I’m guessing that you are the kind of person that sees nothing wrong with a good solid wager, on an organized sporting event, run by respectable establishment. So…if you do wager, I recommend that you do it wisely and safely with a well-established online sportsbook. It’s also a very easy way to wager on sports.
And while you are at it, why not get some insurance?
For me, the traditional form of insurance is the only true sucker’s game I know. We all have to do it, but think about it, it’s crazy.
For example, here’s the way life insurance works:
You are betting the insurance company that you are going to die in a few years. They are betting that you won’t. You give them your money, and you hope that they are right and that you are wrong!
Under this scenario, making wagers on a game seems like a much more sensible enterprise to me. Sometimes, I win, sometimes I lose. I have been betting online and making bets on NFL football games, college and NBA basketball games, NASCAR races, soccer matches, and all kinds of events. I even wager on an exotic prop or future occasionally. And if I make all of my wagers at youwager.lv, and I meet the requirements of their incredible Gamblers Insurance program, I can actually be reimbursed, up to 25%, even when I happen to lose!
Now do you see why I feel that gambling is practically an all-American activity? It really is a lot safer than most people think, if you can really risk money and then manage to get some of it back when you don’t win. Try it. What have you got to lose? A little money? Hey, if you do it right, at youwager.lv, you can have some real Gamblers Insurance, too.