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Aren't online gambling websites ponzi schemes?

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Aren't online gambling websites ponzi schemes?

Postby rorry94 » Fri Feb 15, 2013 11:54 am

I believe they kind of set the program to reward you once you start playing for the first time, and from then on, the program basically reads your bet most of the time.
it's not like I played 100 dollars bet and lost it in 15 bets. I didn't play any bet above 25 when losing started, but lost SO FAST. Almost 80% of the results would come out to be the opposite of my bet, no matter if I alternated or kept the bet the same (as I explained).
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Aren't online gambling websites ponzi schemes?

Postby thorne8 » Fri Feb 15, 2013 12:02 pm

Play at a reputable online casino for example Party Casino or Ladbrokes e.t.c You can be 100% sure that the games are not rigged and the results completely random often audited by an independent company to ensure fairness. Companies these big as well as being listed on the London Stock Exchange would not risk cheating their customers as they have so much to lose and as the casino never loses, as the real life probabilities are in their favour, there is no point for them to cheat they will win all your money in the long run anyway.
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Aren't online gambling websites ponzi schemes?

Postby jacob » Fri Feb 15, 2013 12:16 pm

playing online slots at slotocash i've won twice. one for $550.00 and the other for $398,00.This was over a 6 month period. When I checked my history i had spent $950.00 so i'm in the hole 2 bucs and i QUIT NOW! good luck 2 you....i'm done
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Aren't online gambling websites ponzi schemes?

Postby driden » Fri Feb 15, 2013 12:24 pm

They aren't Ponzi schemes, but they ARE rigged to the on-line casino's favor. Then again, so aren't regular casino games.

It sounds like you ran into an exceptionally bad bit of luck, though it really doesn't matter. If you're putting money into an on-line casino, at the end of the day (or week, or month, or year) you WILL be putting that money into someone else's pocket.

Do some searches about Ponzi schemes to find out more about them. Ultra-simply put, they are more about fooling the members of an investment into thinking they have money when they actually don't. With the on-line casinos, if your account says you have 50 dollars left, you actually DO have 50 dollars and you can take it out.
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Aren't online gambling websites ponzi schemes?

Postby calbert » Fri Feb 15, 2013 12:31 pm

the online games are software programmed to please the owners - built into the games is the house edge. In a casino you COULD in theory win every hand for an hour + in an online game they are NEVER going to allow this to happen

Some people have suggested that the software can scan wherever you bet on any game and over time can make the game make you lose , especially if you are playing for more money!

Its not really a ponzi scheme as Ponzi they promise you great returns, the reason you cant complain when you lose is because they are going to say you were playing at your own risk, its gambling, deal with it!

The best arguement Ive ever heard for most onling gaming software being more rigged to the house than the player is theres jamming techniques - the best one is at roulette - where you bet 1.00 on black and 1.00 on red - the only way you can lose is if GREEN hits being either 00 or 0 depending on the roulette game you are playing

So if you do this and spin the wheel if either green hits in under 10 spins you are probably playing on VERY rigged software, if you try this its amazing how many times you will LOSE

also its been suggested that streaks occur at a much greater rate in online game than it does in real land based casinos, the problem is 9 out of 10 times the streaks are with the house not the player!

Playing Baccarat one you really were playing into their hands as betting player your at a disadvantage, I hear you saying 7 times in a row sounds bad, but streaks of 7 in a row are actually pretty common in baccarat, and on the banker is even more believable than on the player.

Just stay away from online gambling casino games. Its hard enough for the educated gambler to try to grind out a profit and combine entertainment if you want that too! Playing these games on software on a computer in a far away land is like playing a slot machine, there is NO Skill involved, and they can not be beaten, unless you get lucky and quit

Good Luck!
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