A new type of gambling site launched this week, and it might be worth checking out if your luck has been a little off lately.

GamblingInsurance.com insures players for 10% of their applicable net gambling losses at selected online casinos. Yes, you read that correctly. They'll refund 10% of the cash you lose at Blackjack, poker, slots, or anything else.

Losses are paid in the form of casino chips that can be used for real-money play at the participating casinos. Players are also eligible for all regular sign-up and comp promotions offered by the casinos, in addition to the insurance.

In order to be eligible for gambling insurance, players must download the software package for Fabulous Vegas Casino, Swiss Casino, Grand Banks Casino, or Club Dice Casino via the GamblingInsurance.com site. Once the download is complete, players must register as a GamblingInsurance.com member.

There are no premiums or fees for players, and GamblingInsurance.com tracks all wins and losses.

Players should read the Terms and Condition page before they sign up, but getting 10% of your losses back is a good thing no matter how you look at it.

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