Is pay to earn considered gambling? | Bitcointalksearch.org

sukmo

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Quote from: sunsilk on December 05, 2022, 05:44:16 PM

That's a gamble.

I've done that with my friends when we go from places to places just to play competitive games and have money on the line. That's normal for most of the games even in RPG games where there's PVP. I've seen people betting on who's the strongest.

Today, with most competitive games are online, it's easier to bet and have someone on their end that will just have to pay and sent the payment through online transfers or crypto, too easy to bet and play these days.

Most of the games for stake come with a contest involving multiple players trying to win a prize by placing a small bet and that is how they are usually made of money to fund that settlement. But in tournaments, the costs for event organizers are more than fees.

It's just the idea of putting money in and getting more in return, but on an in-depth look at the scenario, it could be different. Likewise with playing to get the game.

An investor will invest money as capital to get more money from the game. "more serious competition with serious & skilled players". It's not about making money, it's about participating and playing against good players, it's about how you hone your skills.

makishart

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Quote from: GxSTxV on December 05, 2022, 04:40:36 PM

I wish to know if these games such as FPS which you can put for example in a room of 10 players everyone puts 5 dollars and the winner takes the whole 50 dollars, Are considered as gambling.

that's pure gambling. That's pretty much the same like when you put money and then the only winner who will be taking the whole of reward. that's different when you are competing like in the big competition. It's caused by the money being used as reward was coming from the creator of competition. I think that it can be seen from you were gambling your money to become a winner. Once you will be able to winning the match and then you will take opponent's money too. That means you are gambling and your skill was playing as a way to win the gambling.

irhact

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Quote from: GxSTxV on December 05, 2022, 04:40:36 PM

I wish to know if these games such as FPS which you can put for example in a room of 10 players everyone puts 5 dollars and the winner takes the whole 50 dollars, Are considered as gambling.

Provided money has been bet it's gambling. What you're doing here is relying on luck which can be associated with gambling. Most play to earn gamble comes with a contest that involves many players trying to win a prize by placing small bets and that's how they usually generate income to fund that completion.

For example when you organized a contest that involves the participants placing a bet of $5 and we have 100 participants that's $500 cash prize for one user to take all or shared between top winners, that's just the participants gambling. Gambling can be done in different forms and any activity can be gambled on

Cling18

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Quote from: QueenVera on December 06, 2022, 07:09:13 AM

That form of gaming can actually be considered gambling as well.
I'm not really familiar with your suggestions but I also see the possibility in your suggestions because aike online casinos can decide to add some local games like ludo and decide tye multi players to stake a price in the game and the price given to the final winner.

The play and earn games are generally worthless and it seems at the end, you were just lured to download and install one useless app that requires alot of work and end up paying not up to $1.
In my perspective, play-to-earn games are just worthless.

As long as you're risking your funds in exchange for a profit by relying on luck, then that's gambling.Play-to-earnn games would require you to spend funds for you to be able to earn on the game so that's another form of gambling.
I just don't think that play to earn games nowadays is still worth it because you will be needing to spend long hours playing just to gain a small amount of profit. As for me, if you would risk your funds, you better look for better and higher opportunities to earn.

ethereumhunter

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We agree that placing $5 and the winner taking all $50 is gambling, even though we're just saying it's just for fun. If there were a game where you could make money playing the games you love, many people would change jobs and give the game a try because it's more of a challenge for them to get through level after level.

Poker does require us to have playing skills to be able to win but we also need luck and this won't come to us all the time.

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Yatsan

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What I know is that, you are gambling if you would earn something from what you have put into something or you'd get something and your opponent will lose something. These two are the principles I believe of what gambling is.

Quote from: Slow death on December 06, 2022, 04:11:32 AM

I've never seen this type of game in the casino, maybe as I'm not someone who researches all the casino games, I just limit myself to making sports bets for that reason, I don't know if there are these types of games in the casino, but I I think OP you can explore other games in the casino in case you don't have that specific game that you want, but always play only games in which you have some mastery or that at least is a game in which you realize that you learn with some ease, because in the casino you easily lose money, something that can even lead to bankruptcy, there are many cases of people who went bankrupt because they did not have control over the game

Maybe tournaments? Well, it is somehow of a gamble because there is a risk of losing. But in tournaments, the fees are for the organizer of the event so it is more of paying a service. It is just the idea of putting money and getting more as return but as it goes deeply with the scenario, it could be different.

Likewise with play to earn games. An investor would invest money as a capital to earn more money from the game. Maybe it is the purpose or goal of an individual which makes an activity gambling and not the instance itself.

Uzairjutt275

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Quote from: GxSTxV on December 05, 2022, 04:40:36 PM

I have been always curious about making money from games i love to play, since i was a little kid playing GTA games while there was no such live casinos and online betting i had this idea of what if there is a possibility of making money from playing.
We all know poker doesn’t require to be lucky as much as it requires you to be skilled to win, and even though we poker is still considered as gambling. I wish to know if these games such as FPS which you can put for example in a room of 10 players everyone puts 5 dollars and the winner takes the whole 50 dollars, Are considered as gambling.
And also if there’s any known and trusted website or casino that allows such games. I find them better than gambling and lucky games

Of course this is a gambling and also poker is one kind of gambling game. There is a many kind of site you can get these gambling games and also lucky games. 1xBet is a best site and also a trusted website which you see a lot of games like sportbetting, online casino, lucky game. I recommend you to visit this site.

QueenVera

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That form of gaming can actually be considered gambling as well.
I'm not really familiar with your suggestions but I also see the possibility in your suggestions because aike online casinos can decide to add some local games like ludo and decide tye multi players to stake a price in the game and the price given to the final winner.

The play and earn games are generally worthless and it seems at the end, you were just lured to download and install one useless app that requires alot of work and end up paying not upto $1.
In my perspective, play to earn games are just worthless.

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Quote from: GxSTxV on December 05, 2022, 04:40:36 PM

I have been always curious about making money from games i love to play, since i was a little kid playing GTA games while there was no such live casinos and online betting i had this idea of what if there is a possibility of making money from playing.
We all know poker doesn’t require to be lucky as much as it requires you to be skilled to win, and even though we poker is still considered as gambling. I wish to know if these games such as FPS which you can put for example in a room of 10 players everyone puts 5 dollars and the winner takes the whole 50 dollars, Are considered as gambling.
And also if there’s any known and trusted website or casino that allows such games. I find them better than gambling and lucky games

That is also gambling but it is more betting between people like who is the best of the players,still can be considered gambling but that type of gambling rarely I have seen someone become addicted because of that so in this context is less dangerous than general gambling.

Poker is also a game where skills prevail,so if you have patience and know when to make your moves this can be considered as pay to earn for example when you buy in your place in a poker tournament.

piebeyb

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The poker that you mean is probably a kind of tournament where to enter the room you have to pay and all the money that is there can be taken by the winner, in my opinion it is considered gambling because you meet opponents and have to bet money to participate in the game, different from sites like Play To Earn, which gets free money without having to spend a penny, that might not be considered gambling, it's like starting a game and you get paid

Slow death

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I've never seen this type of game in the casino, maybe as I'm not someone who researches all the casino games, I just limit myself to making sports bets for that reason, I don't know if there are these types of games in the casino, but I I think OP you can explore other games in the casino in case you don't have that specific game that you want, but always play only games in which you have some mastery or that at least is a game in which you realize that you learn with some ease, because in the casino you easily lose money, something that can even lead to bankruptcy, there are many cases of people who went bankrupt because they did not have control over the game

iv4n

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Quote from: Crypt0Gore on December 06, 2022, 02:11:46 AM

It's gambling from one part and a competition from the other part.
When a group of friends come together I challenge themselves using money ( winner takes it all ) we easily consider this as a gamble.

It's a competition and if the competition requires buy-in and there is a prize for the winner (and/or for second and third place) we can call it "more serious competition with serious & skilled players". It's not about earning money, it's about participating and playing against good players, it's how you sharp your skills.

Quote from: Crypt0Gore on December 06, 2022, 02:11:46 AM

when it's more international where a company decide to bring top players together to compete and win a price we all call it a competition but honestly it is still a gamble 🎰.

By these words every sport or every activity is gambling! Someone spends money (a lot of money) to learn and later earn some money (a tennis player or engineer), but the question is will he ever learn enough to be good enough to start earning from that?

More than once I wrote that gambling can be everything, when you invest yourself (in any way) and you hope for more you are gambling! But let's not be so tough, we can't classify everything like pure gambling, sometimes it's about the competition and learning more from participating.

Cryptolove20015

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Quote from: GxSTxV on December 05, 2022, 04:40:36 PM

I have been always curious about making money from games i love to play, since i was a little kid playing GTA games while there was no such live casinos and online betting i had this idea of what if there is a possibility of making money from playing.
We all know poker doesn’t require to be lucky as much as it requires you to be skilled to win, and even though we poker is still considered as gambling. I wish to know if these games such as FPS which you can put for example in a room of 10 players everyone puts 5 dollars and the winner takes the whole 50 dollars, Are considered as gambling.
And also if there’s any known and trusted website or casino that allows such games. I find them better than gambling and lucky games

Making money is not considered gambling. You can earn money in different ways. I think that if you earn money working for a company it is not considered gambling. But I consider gambling the way you talk about making money.

bittraffic

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Gambling or contest, doesn't matter.
He is just asking if there is something like this kind of game. I would also be interested to join like in a CSGO map and only 5 players per team and the team that wins get to earn the 50USD. If the team wins, they can divide the $50 among those who are still standing. It's a classic game that even the old-school can relate to.

Oasisman

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Quote from: GxSTxV on December 05, 2022, 04:40:36 PM

I have been always curious about making money from games i love to play, since i was a little kid playing GTA games while there was no such live casinos and online betting i had this idea of what if there is a possibility of making money from playing.
We all know poker doesn’t require to be lucky as much as it requires you to be skilled to win, and even though we poker is still considered as gambling. I wish to know if these games such as FPS which you can put for example in a room of 10 players everyone puts 5 dollars and the winner takes the whole 50 dollars, Are considered as gambling.
And also if there’s any known and trusted website or casino that allows such games. I find them better than gambling and lucky games

Well, we have been quite gambling when we play online games. Sometimes it requires you to pay or buy special item to make your character even more stronger, so you can get ahead of everyone to acquire rare items that you can sell in the market. That's quite gambling right there, you are paying for the total unknown ahead of you on whether or not you acquire these items that compensates all your expenses in game or make even more.
Another example was the betting system in Dota2, before the rise of the online casinos. There were this one segment in the platform in-game where you can put in-game items to bet on a participating team in the tournament called TI (The international). I remember I bet rare and mythical items, some of this items are available in the market for purchasing- so that's like you're betting with real money.
IMO, as long as the game involves money, it will be most likely considered gambling.

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Quote from: GxSTxV on December 05, 2022, 04:40:36 PM

I wish to know if these games such as FPS which you can put for example in a room of 10 players everyone puts 5 dollars and the winner takes the whole 50 dollars, Are considered as gambling.
And also if there’s any known and trusted website or casino that allows such games. I find them better than gambling and lucky games

First of all, let's define what is gambling and base on a quick google search, this is what gambling means:

Quote

Gambling (also known as betting) is the wagering something of value ("the stakes") on an event with an uncertain outcome with the intent of winning something else of value.

In the scenario that you shared, it is a form of betting therefore, it is considered as gambling. The term "uncertain outcome" can be applied in the FPS game that you shared because you don't know if you will win or not. Winning of something else of value is the $50.

Overall, pay to earn is considered gambling since you are paying a specific value so that you will earn more money but the chances of you winning is uncertain. Now with regards to the websites or casino who are allowing such games, I don't know if there are sites who are offering those kinds of games or at least similar to that.

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Quote from: GxSTxV on December 05, 2022, 04:40:36 PM

I wish to know if these games such as FPS which you can put for example in a room of 10 players everyone puts 5 dollars and the winner takes the whole 50 dollars, Are considered as gambling.
And also if there’s any known and trusted website or casino that allows such games. I find them better than gambling and lucky games

Even conventional works when people stake money hoping to win and the winners are normally paid from the pool of looser while losers go empty. As long as people come to play a game and money is involved, its gambling. It is not gambling if each player doesn't stake money with the intention to win. An example might be if someone promises to give the winner a some of money without the contribution or bet of the players. This one can be called competition with a prize and not necessarily gambling.
This kind of games is popular in my location and it is always done manually or physically. I am not aware of any casino that offers such services.

davis196

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If you are playing a game and you are putting money in the game in order to make more money, this might be gambling, but it might be a scam.
Play-to-earn games like Axie Infinity seem more like ponzi scams rather than gambling to me. If there's no luck factor in the game(and the game is pretty boring) and the players are simply incentivized to put more money in order to get bigger profits, this is a HYIP/ponzi scam.
Of course there are games like CS:GO, where you spend money to buy skins, but you don't do it with the intent of making more money.

_act_

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Quote from: goinmerry on December 05, 2022, 06:56:39 PM

From the way you shared an example, I don't see why it won't be called gambling.

Yes it is not play to earn which is not gambling, it is gambling, people agreed to play game with their money, they bet together and whoever won the bet won the money. I have seen such on movies before, such things on movies are also happening in real life among both the rich people and people that are not rich. I can see some boys in my area playing table tennis and commonly throwing dice to gamble like this without the use of a betting site.

Crypt0Gore

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It's gambling from one part and a competition from the other part.

When a group of friends come together I challenge themselves using money ( winner takes it all ) we easily consider this as a gamble.

when it's more international where a company decide to bring top players together to compete and win a price we all call it a competition but honestly it is still a gamble 🎰.

Topic: Is pay to earn considered gambling? (Read 400 times)