Do you think gambling operates like ponzi scheme??

[Heatman]

Well the only way that I can think that both gambling and Ponzi schemes work in the same way that they work in the same was trying to get you to lose your money very easy.

 

[Sincerem]

Well the only way that I can think that both gambling and Ponzi schemes work in the same way that they work in the same was trying to get you to lose your money very easy.

Yes, that's what i think too, that's where they are similar. Ponzi scheme, is fraudulent scheme one is never certain to make it there. But in gambling, if luck plays its own part winning is assured and payment is disbursed to the winner.

 

[Aaron625]

Gambling is about the luck and the randomness at least for the legit gambling sites and online casinos. Whereas HYIPs , its all about the admin's mentality to scam people or pay only at the beginning.

 

[Sincerem]

Gambling is about the luck and the randomness at least for the legit gambling sites and online casinos. Whereas HYIPs , its all about the admin's mentality to scam people or pay only at the beginning.

HYIP site like ponzi isn't a good option at all when it comes to earning money online. I don't give listen ear to it, instead of that, I'll just go back to gambling on sports betting. Knowing too well, if luck plays on my way I'll simply earn.

 

[BTCBEE]

HYIP site like ponzi isn't a good option at all when it comes to earning money online. I don't give listen ear to it, instead of that, I'll just go back to gambling on sports betting. Knowing too well, if luck plays on my way I'll simply earn.

yes, you are right we have no idea when they will run with your money so all HYIP sites like Ponzi scheme and they always give big profit idea to scam people.

 

[Noor khan]

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??

Well in my opinion there is difference
Both are different entities, gambling involves working with uncertainties. You are basically predicting what will happen and hope that it comes to pass. While this can still be said of Ponzi to an extent, the owner of the Ponzi so can pack off anytime, meaning you totally lose your money. If you are lucky, you can win in gambling, but winning in Ponzi depends entirely on the owners.
In any case, I wouldn't advise someone to engage in any of them.

 

[GIFTMICHAEL]

When it comes to losses they are similar in nature, cos you lose heavily around ponzi scheme and gambling. But ponzi is just pure scam, nothing else.

 

[Aaron625]

HYIP site like ponzi isn't a good option at all when it comes to earning money online. I don't give listen ear to it, instead of that, I'll just go back to gambling on sports betting. Knowing too well, if luck plays on my way I'll simply earn.

Yeah sports betting is legit way to earn with some knowledge and tricks , you can earn decently. But there is one disadvantage , match fixing is happening in some of the sport , so we should bet cautiously.

 

[Heatman]

Yes, that's what i think too, that's where they are similar. Ponzi scheme, is fraudulent scheme one is never certain to make it there. But in gambling, if luck plays its own part winning is assured and payment is disbursed to the winner.

Personally I don't think there is anything that can justify points because it's an illegal form of business that it's actually punishable by the law once you are caught being involved in it

 

[Shigobad2020]

They both lead to most people losing money whith a few actually winning something, but i still think they're different from each other since they don't usually just disappear into thin air and there's the "rush" you get while playing the games as well.

Yes both could lead people into loosing money but i still prefer gambling to ponzi scheme because you can use a little money to gamble while ponzi scheme has a stipulated amount for participating.

 

[Eodine]

Well one thing that I'm certain of is that both gambling and Ponzi are well designed to make you lose money when you get involving then because there is no guarantee of you getting more money from them

That is a fact, both gambling and Ponzi are business organisation owned by private owners to make profit, so the more people loose, the more money the make.

 

[Heatman]

I know a lot of Ponzi schemes that are actually taking a lot of people from people who are gullible enough to believe that such schemes are actually legit which ends up being scams and end up stealing people money.

 

[Kunkun]

Well i wouldn't say gambling is a form of ponzi as they are different things entirely, take sports betting for instance one bets on his team himself if you lose when gambling you have no one to blame really

 

[Sincerem]

Personally I don't think there is anything that can justify points because it's an illegal form of business that it's actually punishable by the law once you are caught being involved in it

Ponzi is just illegal I think their should be law that enforces on a person that is caught defrauding people through such fraudulent scheme.

Post automatically merged: May 30, 2021

yes, you are right we have no idea when they will run with your money so all HYIP sites like Ponzi scheme and they always give big profit idea to scam people.

Very fraudulent people indeed, I've seen posts of ponzi scheme during my time at BMF and the Admin allows such kind of posts be on the forum. Such is detrimental to ruin members time when they fall victim, i am happy this forum isn't bucked with ponzi schemes.

 

[Heatman]

Personally when it comes to ponsyon gambling I think I'm definitely going to be more at least you're still involved with gambling than I would be with Ponzi because ponzi is a criminal act.

 

[Sincerem]

I know lots of people that gambling and ponzi have wrecked their finance in life. Reducing them to almost zero and they became very much in danger of not having money again.

 

[Richard92]

You're extremely right with your experience between ponzi and gambling. Gambling isn't scam eben if its risky one. But ponzi is a big time scam.

gambling and Ponzi scheme are almost alike because it is all about the rotation of people's money the company never lose they give you the money which has been lost by another and also make profit out of it.

 

[Sincerem]

gambling and Ponzi scheme are almost alike because it is all about the rotation of people's money the company never lose they give you the money which has been lost by another and also make profit out of it.

That's it, ponzi scheme isn't a nice option at all, it gives you hope that never comes real, just hopeless hope. I do gamble but its been a while, my losses made me give a gap to play it often.

 

[Richard92]

That's it, ponzi scheme isn't a nice option at all, it gives you hope that never comes real, just hopeless hope. I do gamble but its been a while, my losses made me give a gap to play it often.

yes I believe gambling operate like Ponzi scheme because it is all about the regulation of people's money taking another person money and giving it to another the company never run at lost.

 

[Sincerem]

yes I believe gambling operate like Ponzi scheme because it is all about the regulation of people's money taking another person money and giving it to another the company never run at lost.

Yes, its similar like ponzi, but they're operating with license, and ponzi scheme isn't regulated at all. People must lose for others gain via gambling.