Do you think gambling operates like ponzi scheme??

[Sincerem]

If you don't get yourself involved with their business then how do you make your own money because i think you will be the one to organise the whole thing for them so they will pay you I don't know just saying

Lol, I'm not running a betting gaming network, I'm running a console gaming network like play station gaming. Where each gamer pays me money before going on a match with another. Assume you live around my side you could have seen for yourself.

 

[Gilead]

In one way, one might want to relate gambling to Ponzi scheme but they are really two different things. In gambling you already made your findings but in Ponzi scheme you're at a higher risk because you're at the owners mercy and Grace.

 

[Ridorz]

No, they are different but they are similar in operating because Ponzi scheme will take from A for B and take From C for B that is how it will rotate till they will close it to scam the money. Then in gambling also the money use to bets by people Will use out it to a little percentage winners. Ponzi can not last but gambling can last for many years.

 

[Heatman]

Lol, I'm not running a betting gaming network, I'm running a console gaming network like play station gaming. Where each gamer pays me money before going on a match with another. Assume you live around my side you could have seen for yourself.

I know about this very well because I'm a gamer too and I love to play a lot. One of my favorite games then was WWE wrestling. I can play it all day without getting tired. My favorite character was the Undertaker.

 

[chicnthin]

I don't see it as a ponzi scheme, I see it as an addiction if you can't control it. Gambling is totally up to luck, if you believe in it. There's a chance that you might lose or win and your fate depends on what you choose. But I get what you're trying to say.

 

[Highflyer]

I don't think.gambling operates like ponzi scheme at all, they are two different things in my opinion. In gambling you are not forced to stake your money or promised large ROI on your money like ponzi schemes, which many people fall for because of the promise of huge ROI. Ponzi schemes are intentionally set up to swindle people but in gambling you can still win once in a while.

 

[Koldej]

Gambling and ponzi scheme may seems to be the same but in actual sense not the same, gambling is about making predictions about what the outcome of an invent will be, and if your predictions are right automatically you win and get paid ponzi scheme on the other hand solely depends on other people investing before you can be paid and that's even if you were lucky to be paid

 

[Heatman]

I don't see it as a ponzi scheme, I see it as an addiction if you can't control it. Gambling is totally up to luck, if you believe in it. There's a chance that you might lose or win and your fate depends on what you choose. But I get what you're trying to say.

Yes, gambling is a game of luck and also a game of chance. The only gambling that is different is fixed games which are actually sold to those interested. Once you get real fixed games, you are 100% guaranteed that you will win the bet.

 

[Kelly5]

I was in a discussion with a member here, he was telling me that gambling is a ponzi scheme. Cos one experience too many losses, meaning the loss count within the two schemes are greater than the actual winning profit. When it comes to gambling, more than 95% fall short only 5% can brag about winning on the scheme. The same also happens with ponzi, many looses money through ponzi but few recovers their capital stake and their interest rate.

Do you agree with the member here, that gambling is a ponzi scheme??

It may not directly be termed a Ponzi scheme, but it has every semblance of a Ponzi scheme like paying Peter to rub Paul. I mean that is a major characteristics in gambling anyways.

 

[Damismiling]

Asking if gambling and Ponzi scheme are the same, the answer is no, the mode of operation of the two differs, Ponzi game is an investment that promise huge return and you must bring more people to claim that and the people you bring also bring more people however gambling is short time predication of a possible game outcome, you get paid when you predictions are true and accurate

 

[GoldenLady]

Both gambling and ponzi schemes for share similarities, in that people lose a lot of money with both.

But I think people have a fairer chance of making money with ponzi schemes, even if it's just a little, since it depends on how many people you refer before it crashes.

 

[Sake]

Gambling statistics that I read some time in the past showed that many of the bettors are greedy and would want to make a million dollars in a day. This is the challenge that they always have as regards what is best to be done and when it should be.

Ponzi scheme on the other hand will make you believe that you are on your way to being the best millionaire around, but at the end, it will disappoint.

This is the truth behind gambling. They're not convincing anyone that they will earn a huge amount. It's not a promise. But mostly depends on the bettors greed, when you experience a big win and thinks you can earn more.. that's where the problem starts because the more greedy you are the more chance you're going to lose.

 

[Heatman]

Both gambling and ponzi schemes for share similarities, in that people lose a lot of money with both.

But I think people have a fairer chance of making money with ponzi schemes, even if it's just a little, since it depends on how many people you refer before it crashes.

Some ponzi does ask you to refer people, it just takes your money with the promise of getting you paid in less than an hour or two. The ones that depends on how many people you refer is pyramid schemes most are networking.

 

[Chief]

Gambling is the same thing as Ponzi scheme because they will convince you to put your money in a platform with equal possibility to win or lose and this is the Hallmark of a Ponzi scheme. Humans have an insatiable desire to get rich quick and these platforms always capitalize on this.

 

[Ebuka Stephen]

For me gambling and ponzi schemes are totally different things , in gambling there are very little chance of winning while ponzi schemes is fraudulent in nature that relies on recent investors to pay earlier investors, in ponzi scheme its either you lose or gain.

 

[Alexandoy]

Gambling involves betting on the outcome of object of gambling. Betting on horse racing is gambling because you can win or you can lose likewise in the casino games. But Ponzi scheme is the investment of money to earn a high yield. But you can only earn when you get a recruit and not just 1 but more than 1 recruits simply because the money they will get from your recruits... that's where the payment to you will come.

 

[Lyrrex]

Lol, I'm not running a betting gaming network, I'm running a console gaming network like play station gaming. Where each gamer pays me money before going on a match with another. Assume you live around my side you could have seen for yourself.

Wow that's quite interesting, that means if i wanted to challenge my friends in any foothball game or any other games i can come over to your PlayStation with my friend you will fix the game for us and me and my friend will play ? Thats really nice and beside which part of Nigeria are you ?

 

[Heatman]

For me gambling and ponzi schemes are totally different things , in gambling there are very little chance of winning while ponzi schemes is fraudulent in nature that relies on recent investors to pay earlier investors, in ponzi scheme its either you lose or gain.

Exactly. Ponzi is completely a scam program designed to steal from people who are not wise enough to run from it. Today marks four years of MMM trying to come back after their pause mode but still ended up going into extinction with people's billions.

 

[BrolySSJ]

I was in a discussion with a member here, he was telling me that gambling is a ponzi scheme. Cos one experience too many losses, meaning the loss count within the two schemes are greater than the actual winning profit. When it comes to gambling, more than 95% fall short only 5% can brag about winning on the scheme. The same also happens with ponzi, many looses money through ponzi but few recovers their capital stake and their interest rate.

Do you agree with the member here, that gambling is a ponzi scheme??

I don't think that gambling is a Ponzi scheme. I think that it is more like a bet of odds and trying to get the best luck that you can but of course the house is always skewed in their favour, so they are almost always going to win tint his regard and I think that many people seem to be forgetting that on a daily basis. It is not like the site take money from some to pay back others like a Ponzi scheme, and you also go into it knowing that you a lose everything which is not the case with a Ponzi scheme.

 

[Adebayonle7]

I think the only reason anyone even wants to compare or place these 2 on the same level will be because of the kind of loss and negativity attached to both. Betting to me has a higher risk level because you do not decide the outcome in any way. Over a thousand circumstances determine if you win or lose. Ponzi is still kind of a bit of your own way. You are able to calculate the risk and either run or stay, something like that. A person into betting might stake a very little money and win so huge an amount.