Topic: Is Gambling a scam - page 10. (Read 5708 times)

Well I think it is if you look into it from the mathematical and probability perspective, you will soon find out that the slot machines which are the most played games in almost every casino use that RNG-Random Number Generator to predict results and you can guess that the higher the number the higher the prize but the reality is higher numbers come in very rarely compared to lower numbers which predict non winning or very little winnings combination, also the algorithm is programmed in such a way that the game be always for example like 5% in profit and this means the RTP-Return to Player is 95% though this only in theory and it does not mean that you deposit 100 dollars and you will get back 95 dollars, the RTP works by taking into account a certain number of spins, usually more than 1-15 million before the RTP to kick in. So if you think in this context you know the odds to be against you and you should assume that yes gambling is a scam in the end. The few big jackpot winners you may have heard and say what if I am one of them, well your chances are extremely slim and remote to get to this and even if you do, just read the story of how such guys ended up after winning lotteries and jackpots, they ended up broke again, so in the end yes gambling is a scam.

You know as a gambler you need to have the intention of gambling just for fun and entertainment. If you're gambling for profit making maybe after losing for sometime definitely you will see it as scam because is not going the way you expected, but those responsible gamblers will never see it the other way round because they know what gambling is all about.

 However, gambling is not a scam that's depending on how you go about it, those who are going with it the  right way will never think of considering it as scam,  Sometimes gambling More than what you can afford can also make you think that gambling is a scam. maybe when the outcome isn't what you were actually expecting, this is why as a gambler is always advisable to gamble with at least 1% of your income  because the outcome is not always guaranteed.

yes, but they usually feed their gambling activity with hopes, dreams and excitement and not with math and discipline
for a disciplined gambler they are probably not risking more than 3% of their total bankroll available in a single bet
let alone 100%

I think people get to carried by the thrill of making money fast that they end up losing it

People who get into gambling and lose all their money without winning anything would always call gambling a scam because they haven't seen the positive side of it. Imagine depositing $200 in a casino with the hope that you might make some money with it, but you end up losing money in every game you play and eventually lose all your money. What would your reaction be after that? You would be angry, frustrated, and sad, and out of those mixed emotions, you would call casinos and gambling a scam out of anger and frustration.

Those who are new to gambling should understand how gambling works in the first place before they start spending money on it. The fact that you can lose everything or possibly win something big is the reason why people say that you should only use the money that you can easily afford to lose; otherwise, you are going to regret your decision if you end up on the losing side.

Gambling is a scam if we do talk literally into those sites on which arent that fair or having those scam attempts into its users but if we do speak that indirectly into those people who had been calling gambling a scam because they are losing up that big time then this is something which will really be just that an alibi because they are really that just that trying out to cover themselves on what they have done. They are really just that making themselves look like laughable into the things that they've been doing because they are the ones who should really be that getting blamed into the things that they have done. On the moment or time that they've been exhausted into the funds or capital that they are using up.

This is really just that a common alibi into those gamblers who had been losing up that huge amount of money on where they do love on pointing out their fingers and telling that the platform on which they have played out are scams on which this is really just that BS thing to come out into your mouth but well people will really be that looking at them to be laughable just because they are the only ones that should be taking blame on into the things that they've been able to do specially on gambling on which every actions are that being done by own will and not being forced on doing so or being deceived.

I guess most people here in the forum are talking about online casinos and have more experience on that than on physical casinos
though experience in real life casinos is valid too, of course
most online gambling websites have provably fair mechanisms nowadays too where you can verify if the place you are betting has good code or would try to steal you somehow (turning the odds even more to the house than it should)

People when they start in the world of casinos and specialize in a particular game, can get to master it so much that they become expert predictors, but what happens to them? When they make their bets and follow their patterns, everything changes and they lose and lose so often that they think that it is a scam, that the casino only took it out on them, that is what commonly happens and then they start to say that this casino is a fraud, that the game is a lie and many other things, but first, you should play in a recognized casino, and second you should learn to accept the house edge, when you accept that, by yourself you realize that gambling is not a scam.

Yes I also understand that saying is always much easier than doing or practicing, one of the reasons is because the situation can really affect a person's focus and goals which ultimately makes them break their own plans such as when they succeed in achieving victory which originally their plan should not be greedy but because of the extraordinary dopamine push in the end they ignore their plans and continue to move forward until finally leading them to regret because they lost all the money they had previously earned, and yes honestly I have been in that situation because previously I was trapped in an addiction situation, so actually being disciplined in planning is really difficult to do, and it may take quite a long time to get used to it.

You have said it all, gambling is not a scam expect its a situation whereby a gambler is been scam by a particular gambling platform, and it's rall before you can such gambling platform, the objectives of every gambling platforms is to ensure that they have they manage their customers very well, the thing is that some people misunderstood gambling, and from the look of gambling its a risk in which you can win and same time you can lose, so the thing is that every body who is a gambler have to participate in gambling with a precaution.

Some people think that gambling is a scam due to their consistent losing in gambling, but their is a difference between losing in the gambling and a scam, casinos scam is been implies whereby you're not allowed to make a withdrawal when you win, or the site of the casino shutdown after series of winning from players.

If we talk about it from this point of view, it is not so difficult to determine the type of casino, especially if it is a physical casino, because it is very difficult and almost unrealistic to open an illegal casino in cities and anywhere else. With online casinos is much more difficult, you will have to seriously search for information on the Internet itself and there is a high chance of not finding it, no matter what the casino actually was.

that's correct, but it's way easier said than done
sometimes when you have a win after win it gets a bit crazy and it goes up to your head and you simply can't stop, you keep going, then you lose a little bit and try to revenge win back, lose more and end up losing it all and maybe going out of the table with even less money that you had when you started

has it ever happened to you like that?

Precisely gambling that is done healthily is not a fraud, with those who understand the meaning of gambling well will not consider or have the thought that gambling is a fraud, I think people who consider gambling a fraud are those who think that they will definitely get a win with the capital they allocate. In fact, in gambling, winning depends on luck and no one knows when they will be lucky.
Currently, there are many platforms operating, so here we have to be smart in choosing which platform has a good reputation so that there is no fraud, for example, such as winnings that they do not pay, or the money that is deposited does not enter our own casino wallet account.

Well, you are right absolutely, except that statement that wealthy people are the only ones who are into crypto, and I understand this is not your statement, but the assumption of the scammers, but at this moment, I think it will be stupid for any one anywhere to still believe or have such assumptions that it's only rich people that are in crypto.

But that's by the way, going back to what is being discussed, choosing casinos that are well known and have built trust over the years is the way to go, like I often will ask myself, what's the essence of choosing to gamble on a casino I know nothing about when there are others I've been using and are trusted.
I understand that sometimes, gamblers need to explore and try new things, this is a good excuse anyway, but then, it's important to understand the risk involved.

You're right that gambling is an activity people choose to do voluntarily, hoping to win. However, it's crucial to be cautious and make sure you're playing on reliable platforms like the ones we promote here. The negative experiences your friend had might have been due to not checking the reputation of the gambling site before entering financial information. This isn't an issue exclusive to casinos; it happens with many online sites.

Before sending your money to any platform (including casinos), you need to study their operation to protect yourself from scams. Because scams exist in casinos too, there are a lot of scammers, and in recent years, more and more of them have been turning their attention to users who deal with crypto, because in their opinion, these are wealthy people who have something to steal.

Many of us gamblers believe that gambling is not a scam, although there are some casinos that operate illegally that end up being scams. But if it is regulated, the chances are high that it is not a scam.

We just have to know how to investigate or choose casinos whether they are legitimate or not, because if we have no idea, we will surely fall into the trap of casino scams.

It is true that gambling itself is not a scam if it is conducted in a fair manner. However, in your example with your friend, we are talking about a clear scam on the part of the casino, which may be due to the insecurity and unreliability of some platforms.

Gambling is a fun activity done consciously by the gambler, no one forces you to do it, it's a personal decision made by those who engage in it. Gambling is only a scam when you get defrauded by a casino or sportsbook. A friend of mine told me about how his account got swiped by a scam casino. According to his story he said that he put in his card details to deposit money, after doing that he started noticing that he was being debited by an anonymous source constantly, he had to transfer the money he had left to another account, in this case you can call it a scam. No one is promising you a win, it's 50/50 and everyone is aware of this risk before placing a bet.

Not actually a scam but more on how you can handle the risk that you'll going to take as you mentioned casino have the advantage and it was design to make money for the owners, though in some situation where lucky gamblers manage to win decent amount, but with the loads of those gamblers who lose their money that can be covered and casino still got that edge against those many gamblers who are using their services.

You are very wrong about this, gambling is not a scam and nothing can change that. If people are using gambling to scam people, it is another different issue, and I've never seen a way of making money that people have not been used to scam people. Be it investment and trading (Crypto/Traditional), or even banking, all are being used to scam people. Now tell me, are they scams in the real sense? I guess not. Even if a casino scams you, that casino is simply the "bad egg" among those in the gambling business, this doesn't make gambling itself a scam.