Gambling and MLM Schemes - page 5. | Bitcointalksearch.org

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

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 ?

How can gambling be like an MLM scheme?
Is it an invitation from someone else that makes us join the gambling site and spend the money we have?
Other people can invite us to visit gambling sites but we must be able to choose and say no if we know the risks.
But most people who know nothing about gambling will visit a gambling site and start gambling for small money.
So gambling is not like an MLM scheme because it is completely different.

danherbias07

legendary

Activity: 3318

Merit: 1133

Leading Crypto Sports Betting & Casino Platform

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 ?

No. Wrong.
Not all are losers in gambling. Just the right amount of discipline will make you a winner. But first, how did you come up with this idea? Did you lose a lot of money while gambling that's why you have this kind of POV?
I don't do records about my bets and I just let it flow but I know to myself that I gained many profits last season of the NBA. I don't remember a losing streak when I went 10 games without winning anything. Most were tie-breakers and others 2 wins, and 1 loss.
It's not the same, don't compare it with that.

rahmad2nd

legendary

Activity: 2548

Merit: 1009

Leading Crypto Sports Betting & Casino Platform

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 ?

you should be able to distinguish gambling casinos and multi-level marketing (MLM) these two things are clearly different from one another, land-based casino gambling (online) offers entertainment and fun, does not guarantee let alone offers wealth. win or lose you know very well that it is part of the risk. gambling is dexterity, skill, strategy and the like if you insist on continuing to bet then 99% will experience a loss and as you said this contradicts the loss equation between the two. Everyone knows multi-level marketing (MLM) is a ponzi scheme concept that has a long chain. I think you understand.

goldkingcoiner

legendary

Activity: 2240

Merit: 1993

A Bitcoiner chooses. A slave obeys.

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 ?

You should be a bit more precise when stating that MLM schemes are somewhat like gambling. I really do not see a connection?

People who gamble are very much aware that they can and definitely will lose their money when gambling. So saying that someone got tricked into losing their money with gambling is not an excuse which will work for the scam accuser/gambler.

On the other hand MLM is basically just pyramid schemes with different templates. Either template, its still just a strategy to trick people who unknowingly fall for the "scam".

But that has the property of deceiving someone, unlike with gambling. Every idiot knows gambling is risky. Not everyone knows a MLM is bad.

ipanks

hero member

Activity: 1610

Merit: 507

Maybe there is a point because MLM invites people to join under the person who provides the information. But I'm not sure if it's gambling in any other form as long as you figure out that MLM can bring you profits in the future. As far as I know, MLM offers its members a product and special discounts for them. And members can resell the product or use it for themselves. My advice is you better not join any MLM because usually, the products are very expensive and we don't really use them either.

Oshosondy

legendary

Activity: 1624

Merit: 1200

Gamble responsibly

Quote from: kamvreto on July 01, 2022, 01:21:39 AM

The MLM scheme in general is currently very bad for those who are victims of Multi Level Marketing. Those at the top level are greatly benefited. MLM is not just an ordinary market scheme, but there are a lot of dirty games in it. Cheating new members for their own benefit and so on.

I do not quite understand the kind of dirty games in multi-level marketing, can you explain about that. In multi-level marketing, it is not like ponzi or pyramidal scheme which I mentioned above, those hyip, ponzi, pyramidal and other promising high yield return on investment schemes are not the same as multi-level marketing. If comparing multi-level marketing, that means you only just want to compare legit business, normally all business are risky. But if talking about dirty games, that means it should be a ponzi, pyramidal scheme or other hyip, do not get it confused.

Quote from: Beparanf on July 01, 2022, 01:03:08 AM

Both will indeed lead to losses, but losses in MLM will not be controlled. Unlike gambling, losses are caused by themselves and there is no coercion from others.

Business have risks, but gambling is far riskier than multi-level marketing if the multi-level marketing is legit. Even gambling is not related to business unless you are the owner the gambling platform.

kamvreto

legendary

Activity: 1946

Merit: 1157

MAaaN...!! CUT THAT STUPID SHIT

Quote from: Beparanf on July 01, 2022, 01:03:08 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 ?

Somehow there’s a facts in your argument which most of the users here don’t understand since they are itching when they see the MLM word. The truth is there’s nothing wrong on argument that you brought up since MLM is favorite to use by scammer but MLM in general is not bad because it’s just marketing scheme.

The MLM scheme in general is currently very bad for those who are victims of Multi Level Marketing. Those at the top level are greatly benefited. MLM is not just an ordinary market scheme, but there are a lot of dirty games in it. Cheating new members for their own benefit and so on.

Quote from: Beparanf on July 01, 2022, 01:03:08 AM

Anyway, Yes both of them will lead you to losses if you didn’t dyor properly on how to play well on both money making activities. What I don’t understand here is the objective on determining whether is true or false. Cheesy

Both will indeed lead to losses, but losses in MLM will not be controlled. Unlike gambling, losses are caused by themselves and there is no coercion from others.

Maus0728

legendary

Activity: 1904

Merit: 1563

Here is an excellent article on MLM, where their main selling point is their people rather than the actual product they are attempting to sell to the general public.

- https://bitcointalksearch.org/topic/mlm-a-dangerous-marketing-strategy-5116935

Also, you can't easily call a service an MLM just because at some point they lose their hard - earned money. In fact, losing is inevitable in every other business niche that has risk associated with it. Okay?

Beparanf

hero member

Activity: 2954

Merit: 796

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 ?

Somehow there’s a facts in your argument which most of the users here don’t understand since they are itching when they see the MLM word. The truth is there’s nothing wrong on argument that you brought up since MLM is favorite to use by scammer but MLM in general is not bad because it’s just marketing scheme.

Anyway, Yes both of them will lead you to losses if you didn’t dyor properly on how to play well on both money making activities. What I don’t understand here is the objective on determining whether is true or false. Cheesy

gunhell16

hero member

Activity: 1666

Merit: 453

Let me give you first their differences dude through their definition.

What is MLM(Multi-level Marketing?

Quote

Multilevel marketing (MLM) is a business model that involves unsalaried, hierarchical sales teams selling products directly to consumers in conjunction with recruiting additional company sales representatives. Multilevel marketing may also be referred to as referral marketing or network marketing.

Source: https://www.techtarget.com/whatis/definition/multi-level-marketing

What is Gambling?

Quote

gambling, the betting or staking of something of value, with consciousness of risk and hope of gain, on the outcome of a game, a contest, or an uncertain event whose result may be determined by chance or accident or have an unexpected result by reason of the bettor’s miscalculation

Source: https://www.britannica.com/topic/gambling

Maybe at least you will know the correct answer you have today's question after reading the definition of MLM and Gambling. Hope this helps no matter how you made this topic.

agustina2

legendary

Activity: 2436

Merit: 1008

Quote from: aioc on June 30, 2022, 04:52:19 PM

On gambling, you are guaranteed to lose,

Not true in most cases. Maybe at casino games that need pure luck but gambling isn't just about luck.

If that's your status then stopped doing gambling as it's not for you. A guaranteed loss in gambling is the worst mindset.

Stay away from gambling if that's your mindset.

Quote from: aioc on June 30, 2022, 04:52:19 PM

on MLM if you have a good organization and you are promoting a good and legit product you can make a profit the only way you can lose from MLM is if you are lazy to recruit people, there are still good MLM companies and they are license, a legit MLM should be focused on their products and services making money out of their profit plan is just a perk for actively promoting the product or services.

But in most cases, MLM is focused on referral programs and not on the product.

They are promoting aggressively the gains that users can get thru the referral programs instead of focusing on the benefits of the product.

That's why MLM is even worst than gambling.

passwordnow

hero member

Activity: 3136

Merit: 591

Leading Crypto Sports Betting & Casino Platform

They are totally different, where have you heard that gambling is the same MLM scheme? Because of the referrals? That's not how it goes and it's just an incentive for the casinos that has a referral program.
In MLM, you earn actually on referring someone and selling products to other customers. While in gambling, you gamble and you have no idea if you'll win or lose for that day.

Yogee

sr. member

Activity: 1554

Merit: 413

You should have asked the person you heard this from to explain what he means. It's really a bad comparison as already pointed out by other people above. One is paying for fun while the other is for investment. The only similarity between the two types of business I could think of right now is that they both need new customers or users to stay in the industry they belong.

Rruchi man

legendary

Activity: 1456

Merit: 1108

Top-tier crypto casino and sportsbook

First off OP, your choice of username reminds me a ponzi scheme I got involved in some time ago with the exact name "zarfund", and funny enough you already have some negative trust.

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 ?

People say a lot of things you have to be careful who you listen to, as for the drawing similarity, people sometimes may choose to see a relationship between two things when there is no really real relationship. If you analyse to see the difference between MLM and gambling you find out that there are a lot of differences, that just a few similarities is not enough to say they are alike.

Saisher

full member

Activity: 2324

Merit: 175

Quote from: harizen on June 30, 2022, 05:29:07 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 ?

Of course not. While most of the time, losing might be the end result, it does not make sense to compare the usual gambling to MLM schemes.

To prevent further spoonfeeding, I suggest searching what MLM schemes look like. Here are some articles you can read on:

https://www.investopedia.com/terms/m/multi-level-marketing.asp
https://en.wikipedia.org/wiki/Multi-level_marketing

Come back here after reading those and try to answer now by yourself if gambling and MLM schemes are quite the same.

I also don't see the comparison, on gambling you lose your money on MLM you may lose money but you have their products or have availed of their service, I have joined two MLM in the past and I don't regret joining them, it's a learning experience for me there are also bad sides like recruiting people and getting a percentage on their purchases but that's the whole concept of MLM, instead of paying celebrities or influencers they prefer recruiting people and getting a percentage on their purchase.
I have seen popular products that are based on MLM.

ultrloa

legendary

Activity: 2758

Merit: 1228

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 ?

On MLM they promise you to earn while in gambling they offer entertainment and never promise any wealth it's just people look after to get rich upon betting because their are success stories about getting rich when hitting the jackpot.

Also MLM is different model and its incomparable with gambling because there's more high risk that we lose our money on MLM rather than playing gambling.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

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 ?

Of course not. While most of the time, losing might be the end result, it does not make sense to compare the usual gambling to MLM schemes.

To prevent further spoonfeeding, I suggest searching what MLM schemes look like. Here are some articles you can read on:

https://www.investopedia.com/terms/m/multi-level-marketing.asp
https://en.wikipedia.org/wiki/Multi-level_marketing

Come back here after reading those and try to answer now by yourself if gambling and MLM schemes are quite the same.

Fatunad

sr. member

Activity: 2226

Merit: 347

Quote from: aioc on June 30, 2022, 04:52:19 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 ?

On gambling, you are guaranteed to lose, on MLM if you have a good organization and you are promoting a good and legit product you can make a profit the only way you can lose from MLM is if you are lazy to recruit people, there are still good MLM companies and they are license, a legit MLM should be focused on their products and services making money out of their profit plan is just a perk for actively promoting the product or services.

MLM does have that kind of ponzi-like kind of structure on which we know that there are invitation from new members who do need to sell out products or services or something like that
which its true that there are still some long time running MLM businesses now which i dont really consider for it to be connected with gambling but rather a risk
for those who do tend to join on it.Gambling is not a business kind of thing for those people who are tending to engage which isnt something that comparable for making
decisions for someone who do have plans on making out some business through these companies.

aioc

hero member

Activity: 2926

Merit: 567

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 ?

On gambling, you are guaranteed to lose, on MLM if you have a good organization and you are promoting a good and legit product you can make a profit the only way you can lose from MLM is if you are lazy to recruit people, there are still good MLM companies and they are license, a legit MLM should be focused on their products and services making money out of their profit plan is just a perk for actively promoting the product or services.

ryzaadit

legendary

Activity: 2660

Merit: 1261

Huh? did you even know-how is the work of MLM Scheme.

MLM Shchem/Ponzi is pay the old investment from new investment until they cannot gain more members and not cannot pay anymore. Gambling statistic why we have more loses, because most the time is from psychology.

In good section (win situation), you're gonna try to gain more and then run out your luck and make you're losing. In losing section, people trying to deposit more and recovery the lost but they're getting more loses.

If you don't want to lose anything, don't gamble.

Topic: Gambling and MLM Schemes - page 5. (Read 825 times)