Gambling and MLM Schemes - page 2. | Bitcointalksearch.org

darkangel11

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Quote from: Zarfund on August 02, 2022, 10:09:45 AM

Quote from: BobK71 on July 07, 2022, 02:03:00 AM

Quote from: Zarfund on June 30, 2022, 11:09:44 AM

I just heard that gambling is just like MLM schemes as people only loses both in gambling and MLM schemes ?
Is it true ?

I can't find any similarity between gambling and MLM system. In the MLM system you can earn money by joining someone else. They may have more additional requirement in case of withdrawal. But gambling is completely different. Here you will either win or lose. If you win, you will be able to withdraw money immediately.

So you are saying that in MLM we can only win , while playing gambling we can win and lose both Huh

He doesn't seem to know what he's talking about Cheesy

Sure, you can get some money from MLM, but you never know which one are you. Maybe you're one of the last before the system collapses, or maybe you're one of the last 50 people... I don't touch these schemes at all because I don't want a scammer to take advantage of me and make money. I don't support them and I show it by staying away from these people.

Gambling on the other hand can be fun. You can play with very little money and feel the thrill of winning. It's not like the casino wants to cheat you from the start, while MLM does. It's made to cheat you and take your money.

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Quote from: virasog on August 02, 2022, 12:54:24 PM

Gambling and MLM schemes are totally different things that are not comparable. One is totally a Ponzi scheme (MLM) while the other one (Gambling) is full of risk. You should avoid MLM schemes at any cost and should not involve yourself in it. You will only lose money in MLM schemes.
Gambling is risky but still, you have some chances of winning a good amount. However, again do not be greedy and gamble with only the amount that you can afford to lose.

MLM might be risky but not as the same when you do gambling.Believe it or not there are people who do make money with MLM schemes but of course it would be excluding into those people who had
invested on the bottom which is likely they are the ones who do suffer the most whenever the pyramid of MLM scheme do collapse and talking about on general sense that mlm is a type of investment
and we know that gambling is totally different which it is purely for entertainment thats why you cant really make out comparison and trying out to attached both things.
Its a different thing and we know that gambling is for leisure and not something considered to be investment.

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Gambling and MLM schemes are totally different things that are not comparable. One is totally a Ponzi scheme (MLM) while the other one (Gambling) is full of risk. You should avoid MLM schemes at any cost and should not involve yourself in it. You will only lose money in MLM schemes.
Gambling is risky but still, you have some chances of winning a good amount. However, again do not be greedy and gamble with only the amount that you can afford to lose.

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Quote from: BobK71 on July 07, 2022, 02:03:00 AM

Quote from: Zarfund on June 30, 2022, 11:09:44 AM

I just heard that gambling is just like MLM schemes as people only loses both in gambling and MLM schemes ?
Is it true ?

I can't find any similarity between gambling and MLM system. In the MLM system you can earn money by joining someone else. They may have more additional requirement in case of withdrawal. But gambling is completely different. Here you will either win or lose. If you win, you will be able to withdraw money immediately.

So you are saying that in MLM we can only win , while playing gambling we can win and lose both Huh

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Quote from: Zarfund on June 30, 2022, 11:09:44 AM

I just heard that gambling is just like MLM schemes as people only loses both in gambling and MLM schemes ?
Is it true ?

I can't find any similarity between gambling and MLM system. In the MLM system you can earn money by joining someone else. They may have more additional requirement in case of withdrawal. But gambling is completely different. Here you will either win or lose. If you win, you will be able to withdraw money immediately.

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Quote from: serjent05 on July 01, 2022, 03:10:30 PM

Quote from: uneng on July 01, 2022, 01:59:09 PM

You can lose money gambling, joining MLMs, trading and investing anywhere else, what doesn't mean all these activities can be compared and put on the same basket. The point is that you gamble by yourself with your own money and expect to make some profit from it, without having to involve other people (referrals) in order to achieve profit. That is an individual activity where you play against the house or another players.

Pretty much that is true. In a failed venture, everyone will lose money. Same thing with gambling. The only difference is the risk management whereas in gambling this is non-existing though gambling has bankroll management.

Quote from: uneng on July 01, 2022, 01:59:09 PM

At MLM schemes you need to be an influent person to attract adepts to your cause, who will generate passive income for you through their work and effort, so you can't be a lonely wolf when joining these schemes. The central goal here is to rely on other people to earn money, what doesn't apply to the reality of most people, therefore, most people will lose money or won't earn anything with MLMs in the best scenario.

I think there are two ways or more to earn from legit MLM. The first one is through retail profit where you get the item at a discounted price and sell them at a selling price. More or less 25%-50% depending on the company retail discount. The next one is the group sales commission, that is where the unilevel marketing comes in. Sadly many fraudulent companies mimic this kind of scheme but as far as I understand it, the scheme they use is the Pyramiding scheme.

I had witnessed people advance their financial status by being involved in legit MLM. It doesn't happen overnight though but years of hard work and building a network of product customers and partners. I do not think gambling has that?

That is correct Sir, MLM is very far from gambling where there is no items or products need to be sell or group sales. In gambling you only need to play in the games where you have chance to earn if you win but of course if you lose your assets have also chance to disappear just simply as that and you also have a chance to get a commission on e you share your referral link at the account you have in the crypto website, but it is only optional not a mandatory for you to earn as a gambler.

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Quote from: ChiBitCTy on July 05, 2022, 11:54:17 AM

Multi-level marketing schemes and gambling are two entirely different things. MLM is a an actual “scheme” something that’s mapped out to scam from the very start. Gambling is part a game of luck and sometimes a game of luck and skill. You know you’re odds of winning aren’t good and that is what really separates the two things. Really not a like at all.

MLM could only be risky if you are just really focusing into those bonuses which you can get on having a referral but if this one doesnt collapse or still retain then it would be still considered as a business

which we know that gambling activity is totally different from it if we do speak about risk and things connected to it.Totally different thing and if we do just solely talk on how things been done then

its just common sense that you would really able to find out the differences but of course both things does have risk since any investment and activity that involves money and aim on earning
money will really be always have that type of risk that someone has need to face on.

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Multi-level marketing schemes and gambling are two entirely different things. MLM is a an actual “scheme” something that’s mapped out to scam from the very start. Gambling is part a game of luck and sometimes a game of luck and skill. You know you’re odds of winning aren’t good and that is what really separates the two things. Really not a like at all.

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Quote from: Jawhead999 on July 05, 2022, 09:18:29 AM

Gambling itself isn't MLM schemes since you're not looking for other players to increase your luck to win lol, you're against the casino since they have house edge. I'd say referral bonus/contest is more like a MLM schemes since the more you got players registered under your referral link. But MLM schemes is promising their customers to earn money after they follow the person, while referral link isn't. They're only offer free spin, free bet, or something that will attract the customers.

Our gambling journey is self-managed. Our winnings and losses will depend on our luck and will not rely on any scheme. Both have risks but they're too different from each other and I honestly don't see any huge relation between MLM and gambling.
MLM's earnings will depend mostly on your referrals but aren't reliable because it's being fud by scammers and being used to scam people.

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Gambling itself isn't MLM schemes since you're not looking for other players to increase your luck to win lol, you're against the casino since they have house edge. I'd say referral bonus/contest is more like a MLM schemes since the more you got players registered under your referral link. But MLM schemes is promising their customers to earn money after they follow the person, while referral link isn't. They're only offer free spin, free bet or something that will attract the customers.

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Quote from: chaser15 on July 02, 2022, 04:36:55 PM

Quote from: Davidvictorson on July 02, 2022, 06:42:41 AM

Quote from: Zarfund on June 30, 2022, 11:09:44 AM

I just heard that gambling is just like MLM schemes as people only loses both in gambling and MLM schemes ?
Is it true ?

This is a funny question OP. There's no way on earth is that there is a correlation between MLM schemes and gambling. No way. I mean in gambling you're not selling or marketing a product. In gambling you could lose a lot of money and run into debts if you losing a game. This doesn't happen in MLM schemes. In fact the most obvious difference is that in gambling the odds are not in your favour. I can't say the same for the an MLM scheme where the harder you work, the higher you grow.

Not true. There are worst things that happened in MLM too and one of it is the one you just mentioned, running to debts.

Do you think there's no such thing happened in MLM? Didn't you know that users there is aggressively promoting the referral bonus to the point that they will show big money, cars, houses that expected to earn when people joined that scheme.

MLM will be success if you work harder? That's impossible as MLM only gained revenue when there are new users coming. I don't see yet a successful products alone that makes the MLM success. It's always should need new referrals.

Most MLM use the strategies you mentioned (show big money, houses, cars) to attract as many new members as possible. I think this is the bad side of the MLM business even though there are actually good MLMs.
that is why the MLM business is not very attractive to many people except for people who lack references and knowledge.
this business moving from members to new members this is a long chain very clearly a ponzi scheme.

I also agree that I have never seen a successful product from MLM unless it only enriches the MLM party.

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Quote from: Gianluca95 on July 04, 2022, 12:41:51 PM

I've worked in the past with company which used MLM, but for my experience, in the most case, there were only ponzi-scheme company hided by MLM marketing.

You can compare gambling with HYIP, this is true, but the real MLM is really another kind of thing and shouldn't never compared to gambling.

Maybe gambling can almost be likened to an HYIP because we both deposit a certain amount of money and then we just have to wait for the time limit we can take the profits.
What makes HYIPs almost the same as gambling is that no one knows when the HYIP company can go online and that can make us worry if the HYIP company closes before we can take our profits and capital.
But if we say gambling is the same as MLM, then that's not quite right because MLM can still provide benefits in recruiting new members.
It's just an obscure MLM program that we might equate to gambling.

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Quote from: robelneo on July 02, 2022, 10:19:47 PM

Quote from: lionheart78 on July 02, 2022, 05:58:56 PM

Quote from: Gianluca95 on July 02, 2022, 12:31:37 PM

Quote from: Zarfund on June 30, 2022, 11:09:44 AM

I just heard that gambling is just like MLM schemes as people only loses both in gambling and MLM schemes ?
Is it true ?

I think that this is totally no sense question. Multi level marketing is a kind of marketing where people upper to you earn based to your results, and so on. Gambling is playing in game by challenging a casino and at the same

time trying to win. Where do you have heard that?

I also agree, there are far too many differences between gambling and MLM schemes.

Quote from: Gianluca95 on July 02, 2022, 12:31:37 PM

Maybe the one that has told to you this was drunk Grin

Probably someone who just heard from someone about the similarities of an MLM scheme to gambling and agrees with the given twisted example. We should always verify things we hear from someone especially if he is not the one who has the full knowledge about the topic.

I'd like to believe that the source comes from people who lose investing in MLM because they are too lazy to work promoting or recruiting people or on bad MLM projects that is why they conclude that it's the same as gambling with no guarantee of winning and just based it in luck.

I've known people from MLM who made millions because they are business-minded and they know how an MLM works, MLM starts from finding a good company and knowing how to invite, recruit and motivate people, knowing that the success of their downline is their success also.

I've worked in the past with company which used MLM, but for my experience, in the most case, there were only ponzi-scheme company hided by MLM marketing.

You can compare gambling with HYIP, this is true, but the real MLM is really another kind of thing and shouldn't never compared to gambling.

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Quote from: Reid on July 03, 2022, 11:46:07 PM

Gambling vs marketing? Totally different. Bad comparison. I take the trading and gambling as a good comparison because they are close at risking money but not this. MLM is a pyramid while gambling is entertainment with a risk. See the difference?

MLM isn't only a pyramid it is more like a weblike network where everyone is interconnected through their upper line or sponsor. Even trading and gambling is far different from each other. Trading has this calculated risk management while gambling has bankroll risk management. In trading, the risk is pretty much can be calculated while gambling is missing those.

Quote from: Reid on July 03, 2022, 11:46:07 PM

If this is how you see things then I'd suggest you stop gambling. Nothing is going back to you after losing a bet unlike with MLM you are trying to get back the money you invested by recruiting more.

MLM = product movement, Fraudulent MLM-like scheme or Pyramid Scheme = money movement through recruitment depends on which of them we joined, we either sell a product or recruit people in order to earn money (both require hard work). In gambling, we just need to be lucky in our bets to gain profit.

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Quote from: BitcoinPanther on July 03, 2022, 12:10:46 PM

According to the argument given by the earlier replies, a good MLM company offers products in return for the money spent on the registration. Automatically, your money is returned in terms of products just like buying an item in the store. Your money = products with the same valuation as the money spent. So basically people do not lose at all. While money in gambling, when lost won't come back.

I don't consider an MLM as a good company. Products are too overpriced but that's what you get with your money instead of having no return from your purchase.

And aside from products, whatever incentive the MLM company gives will make them attract their customers to purchase those and not just the products alone.

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Gambling vs marketing? Totally different. Bad comparison. I take the trading and gambling as a good comparison because they are close at risking money but not this. MLM is a pyramid while gambling is entertainment with a risk. See the difference?
If this is how you see things then I'd suggest you stop gambling. Nothing is going back to you after losing a bet unlike with MLM you are trying to get back the money you invested by recruiting more.

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Quote from: n0ne on July 03, 2022, 11:53:43 AM

As said MLM and Gambling are entirely different. Just because loss is happening we cannot equate gambling and MLM. Even with the trusted MLM schemes we feel insecure, because the outcome isn't assured. With gambling the outcome is assured, and this depends on luck. The same on MLM happens through others participation.

In most of the MLM I heard, participants on the top order make good money whereas the low bottom pave way for the top earners. When the low bottom stop working as they don't benefit good, the MLM turns to be scam.

In addition, the losses in gambling and MLM will be different, whereas in gambling, we can become addicted, which will be fatal for the people around us and us.

I used to follow a local MLM in my city where it was very popular and could attract many people to join. But the truth is, only the people at the top of the list make a lot of money, while the people at the bottom only last a short time and then disappear. Strangely, from time to time, this MLM continues to survive and can attract more people even though the products from this MLM are different.

Quote from: BitcoinPanther on July 03, 2022, 12:10:46 PM

According to the argument given by the earlier replies, a good MLM company offers products in return for the money spent on the registration. Automatically, your money is returned in terms of products just like buying an item in the store. Your money = products with the same valuation as the money spent. So basically people do not lose at all. While money in gambling, when lost won't come back.

They offer products for us to buy but the products are more or less the same as those in other stores. When compared to gambling, the products we buy from MLM we can use so the money doesn't just disappear and maybe that's a real difference from gambling with MLM.

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Gambling and multilevel marketing are different and not alike just as others have highlighted. Why you think people loss in MLM is because majority out there are scams but that doesn't mean the marketing technique is a scam itself. Also many ponzi scheme are hiding under the umbrella of been a multi level marketing company to scam people which is why people are associating MLM with Ponzi.

Understandably gambling platforms has began buying into the idea of MLM as I noticed some sites has began using it as a means to get users into their platform. Probably that's why the OP is getting the confusion form. But understand that MLM itself is just a technique to bringing customers to your business by rewarding those that does the marketing for you with a tier system and if deploying it in your casino would be effect, I don't see anything wrong with that.

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Quote from: michellee on July 03, 2022, 11:43:12 AM

Indeed. In addition, maybe people equate MLM schemes with gambling because after we deposit money into the MLM, we can feel insecure. After all, we don't know when we can get our money back with the profits. If this is the case, we must find out more information about MLM that we hear so we will not go the wrong way by joining the MLM. Thus we can also understand that MLM and gambling are different.

According to the argument given by the earlier replies, a good MLM company offers products in return for the money spent on the registration. Automatically, your money is returned in terms of products just like buying an item in the store. Your money = products with the same valuation as the money spent. So basically people do not lose at all. While money in gambling, when lost won't come back.

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Quote from: michellee on July 03, 2022, 11:43:12 AM

Quote from: lionheart78 on July 02, 2022, 05:58:56 PM

Probably someone who just heard from someone about the similarities of an MLM scheme to gambling and agrees with the given twisted example. We should always verify things we hear from someone especially if he is not the one who has the full knowledge about the topic.

Indeed. In addition, maybe people equate MLM schemes with gambling because after we deposit money into the MLM, we can feel insecure. After all, we don't know when we can get our money back with the profits. If this is the case, we must find out more information about MLM that we hear so we will not go the wrong way by joining the MLM. Thus we can also understand that MLM and gambling are different.

As said MLM and Gambling are entirely different. Just because loss is happening we cannot equate gambling and MLM. Even with the trusted MLM schemes we feel insecure, because the outcome isn't assured. With gambling the outcome is assured, and this depends on luck. The same on MLM happens through others participation.

In most of the MLM I heard, participants on the top order make good money whereas the low bottom pave way for the top earners. When the low bottom stop working as they don't benefit good, the MLM turns to be scam.

Topic: Gambling and MLM Schemes - page 2. (Read 825 times)