Do you think gambling operates like ponzi scheme??

[Sincerem]

Indeed, it's almost just depends on your luck and strategies. But when you win. You will surely get everything whenever you wanted to. They never hold the money of the bettors and keep making promises. I don't know why someone would say it's a scheme.

That is true, if one eventually wins through gambling, the money will be paid in full. No promises at all, like the way ponzi schemes operates. Ponzi will promise someone tons of money within short period of time but all of a sudden the investment platform just disappear without any trace.

 

[Sincerem]

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 agree with him, even if the two is made up with too many losses. Gambling is trusted when it comes to paying you off your winnings you made with them. But ponzi scheme is not trusted, instead you'll be skeptical of your investment all the time.

 

[Rwangas]

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??

Nah! They're not the same. With a good strategy and better money management. You can actually make something from gambling.

 

[Osaz96]

Yes I agree with that member, ponzi scheme and gambling are very alike in their ooerations the fact that you think that your $10 can fetch you $200 in a space of 7 days without a concrete business plan or proper business is even worse than a gamble in my opinion.

 

[giddy]

Gambling casinos make money the same way, paying out much less to winners than they keep from losers. With a ponzi scheme, there is no earned interest or added value. The only profit comes from having an ever-increasing number of players. New money to pay off old investors comes from new investors.

 

[Mrallison]

I think they have there similarities and there differences, gambling deals most times with experience and your personal knowledge for a chance to win while the only way to win in Ponzi scheme is if you're part of the first investors and u withdraw in time

 

[Adetayo100]

Gambling is very different from ponzi scheme

 

[OptiShen]

These 2 platforms is very different from each other. Ponzi schemes tends to steal money from those who invests from it and it also promises a fast return of money within a short period of time.

Gambling on the other hand depends on the users move. You play your own money. Although, some gambling sites manipulate the result of your game making it unfair for the players which also makes it a bit of scam. Let us just be aware that not all of gambling sites is unfair.

 

[KURTAULI]

Gambling is a game you depend on the game algorithm. ponzi is an investment project working on a fraudulent scheme. Gambling There is no winning strategy everything is a lie. If the algorithm sees that you have money on the balance it will try to make your balance equal to 0. In 2015, I lost 0.4 bitcoins in gambling. This is my worst day and year.

 

[adazeez1995]

A well organised ponzi is sure and certain. Compare to betting that the probability of of winning is 0.8/80000. Betting will always give you hope of winning that never comes while ripping you off your money. Betting is a matter of chances and luck. Alot of guys really made money during the golden age of ponzi

 

[Setfragil]

Gambling and Ponzi scheme are from the same family of highly risky investment. Gambling involves placing a bet on something with the hope of winning far bigger than what was put on it. Ponzi is investing with little and with the hope of huge return on investment. The risks involved in both are the same.

Post automatically merged: Jan 28, 2021

Gambling and Ponzi scheme are from the same family of highly risky investment. Gambling involves placing a bet on something with the hope of winning far bigger than what was put on it. Ponzi is investing with little and with the hope of huge return on investment. The risks involved in both are the same.

 

[Tinaconcept]

Gambling is not ponzi scheme and ponzi is not gambling they are both different. In gambling its either you loose your stake or you win but for ponzi its always about deceiving their prey. For me I don't support any of the two both the ponzi and gambling I better use my money to invest in cryptocurrency and wait for future.

 

[Briangsam]

Gambling is nothing close to ponzi scheme. They are very different. Their modus operandi differ too. In gambling you actually stand a chance of winning with no interference once your games come through. It is even legal in many countries. But ponzi scheme on the other hand is a scam and deem illegal in many countries.

 

[mubinadaddy]

Gambling is more of ponzi while because they algorithm are almost the same but ponzi is an elder brother to gambling. In gambling if you understand the game you will win and win and win and keep on winning but if you don't you will keep on losing and losing and losing untill your account is empty but ponzi scheme can give you hope of making a whole lot of money today and tomorrow it will disappear into thin air.

 

[Sarfraz Ali123]

A Ponzi scheme is an illegal business practice in which new investor's money is used to make payments to earlier investors.In accounting terms, money paid to Ponzi investors, described as income, is actually a distribution of capital.

 

[Sammyesx]

They are very similar there is hope of making money from it, the difference is that in gambling you Will be paid if you win but most often you will lose more than you earn but a ponzi is a pure fraud, there is no intention to pay you are the first place.

 

[Hasan Raza]

Gambling is not quite the same as Ponzi scheme, Ponzi scheme is a stage arrangement by a con artist with the guarantee to twofold the speculation of the members inside the space of hours or days, possibly to dupe them of their cash when he believes he has gotten enough cash from them. While gambling then again is putting down a wager on donning or different exercises with the expectation that forecast is effective.

 

[redpogi16]

What is Ponzi Scheme?
A Ponzi scheme is a form of fraud or scam that lures investors and pays profits to earlier investors with funds from the first investors. The scheme leads victims to believe that profits are coming from product sales or other means, and they remain unaware that other investors are the source of funds. So the answer in your question is yes because you can never win against gamble operator.

 

[Blessedsam60]

Gambling and ponzi scheme are almost similar but very different because gambling deals with putting your hard earned cash to some business of loose or win but most ponzi scheme pays their clients at the start but might end badly as those coming late to invest often loose out of the initial earning strategy promised.

 

[Jimmie150]

In my own personal opinion I don't think so because gambling is not a scam bit ponzi is a scam. Gambling has long been in existence way before ponzi thought of coming out to rip people of their hard earn money.