Is betting a scam?

[Su-asa]

The answer is “NO”

Rather it’s a tax for those who slept through the math class in high school and most importantly, it’s also a paid entertainment.

Gambling businesses survive on tilting the odds against the player. They can’t control the outcome of any one bet, but with enough bets they can see profit.

However,everyone involved always know that it is gambling and as such ( it’s hard to imagine how you would miss that), it has been a thing of concern to some players, that’s to be consented to participate in the activity of which you know fully well that you’ll stand a reasonable chance of losing money.



At the end of the day, it’s like paying a ticket to watch a movie or buying a video game.
Though, you spend money to get fun,but in this case you’ll realize how much money you spend is unpredictable.
And at the same time you may end up raking in money but you also have accepted the fact that, you’ll walk away with most of your money gone.

In a nutshell, a “SCAM” would be something where the victim lost his valuables without his consent.

Gambling or betting isn't a scam it's a choice because it's something that you decide to do without anyone forcing or compelling you to do it. If a casino or bet sites doesn't settle your win then only them can you call it a scam but asides from that there are no promises attached to any games we stake on, we are hundred percent responsible for the risks that we take when it comes to gambling. You decided to put your money into it knowing the risks involved so you are not a victim.

[Cantsay]

Now tell me: can you call something fraud if you accept to enter knowing how it works?

It's a bit off-topic, but I have seen several scam sites (not gambling-related) come out and shill their project to the public, and everyone knows the risk involved in such a project. Yet, they hopped on it and in the end they got scammed and lost their money - Now, from what you wrote, since those people know that the site wasn't going to give them profit and yet still took part in it does it make it disqualify it from being tagged as a scam site? I am not saying gambling or betting is a scam, I am only saying that your analogy isn't universally true, and some might be able to argue it if presented.

[mirakal]

No, it will only be a scam if the casino supports those scammers, but we won’t likely experience getting scam if we chose to bet in legal and reputable casinos. They hate the scammers, so they won’t allow their users or players to get scam within their casino site.

Also, if betting a scam, then there’ll be no chances for us to make huge profits from betting. They will only steal our money and after that, they’re gone. But it’s not happening right now, except if you prioritize betting on illegal and shady casinos.

[Makus]

Those who don’t understand will probably think it’s a scam, especially those who think they can easily win in gambling. Come on, we gamblers are not even forced to play; it was our intention to have fun, and we should be responsible enough to accept the outcome, as there are only two possibilities: either we win or we lose. But the reality is, we will certainly experience more losses than wins. You can’t change the numbers.

Gamble has always been what it is "a game of luck" it only implies that we gamble with what we can afford to loss since there's no certainty that we are gonna profit from our bet, but most gamblers tends to put in too much hopes in gamble and at the end they regret ever knowing gamble but the truth is, they are at fault for expecting so much from gamble. I believe gamble was created for the purpose of entertainment however since we have an interest to get entertained from the system then we should consider making it a long term entertainment pleasure and that implies that we should make use of risk management in other to sustain our urge of being entertained from the system.

[Julien_Olynpic]

I have often heard from players and analysts that the lottery is a tax on ignorance of mathematics. And the author of the topic writes that bets are a tax on those who slept through math class in high school. For some reason, we always perceive gambling as a tax or an inevitable loss of money. Although the definition of fraud has little to do with this. Fraud implies deception, and here the organizers of gambling rarely need to deceive to make money. The main profit of the organizers of gambling comes from the fact that players overestimate their efforts. People are too optimistic about their skills. As for comparing the money lost in bets with the cost of watching a movie - this is very funny, to be honest. After all, in the cinema we do not expect to make money, at least no one promises us this.

[laijsica]

Those who don’t understand will probably think it’s a scam, especially those who think they can easily win in gambling. Come on, we gamblers are not even forced to play; it was our intention to have fun, and we should be responsible enough to accept the outcome, as there are only two possibilities: either we win or we lose. But the reality is, we will certainly experience more losses than wins. You can’t change the numbers.

Gamble has always been what it is "a game of luck" it only implies that we gamble with what we can afford to loss since there's no certainty that we are gonna profit from our bet, but most gamblers tends to put in too much hopes in gamble and at the end they regret ever knowing gamble but the truth is, they are at fault for expecting so much from gamble. I believe gamble was created for the purpose of entertainment however since we have an interest to get entertained from the system then we should consider making it a long term entertainment pleasure and that implies that we should make use of risk management in other to sustain our urge of being entertained from the system.

Since there is no guarantee of profit, gamblers should consider gambling as a form of entertainment rather than a means of earning. As you said, gambling is meant for entertainment only, but the stages are used by most gamblers to earn money and give rise to negative attitudes. If you consider gambling in terms of risk, it will push you to a point where you may not be able to control yourself and become addicted. You should create a planned risk management zone where you should limit your time and money allocation to prevent greed.

[michellee]

No, it will only be a scam if the casino supports those scammers, but we won’t likely experience getting scam if we chose to bet in legal and reputable casinos. They hate the scammers, so they won’t allow their users or players to get scam within their casino site.

Also, if betting a scam, then there’ll be no chances for us to make huge profits from betting. They will only steal our money and after that, they’re gone. But it’s not happening right now, except if you prioritize betting on illegal and shady casinos.

Agree with you. Even casino games site can also change to scam easily. So that is why we must know which casino and betting site we can use. If they don't have reputation, we must stay away from them to prevent the bad things.

I guess people will say betting is a scam when they lose their money. But if they realize that they will get a scam because of picking the wrong site, they will not judge that betting is a scam. Only those who can not research deeper that will get in the scam while others will enjoy their time betting on the right site.

[davis196]

At the end of the day, it’s like paying a ticket to watch a movie or buying a video game.
Though, you spend money to get fun,but in this case you’ll realize how much money you spend is unpredictable.
And at the same time you may end up raking in money but you also have accepted the fact that, you’ll walk away with most of your money gone.

In a nutshell, a “SCAM” would be something where the victim lost his valuables without his consent.

Gambling might be a scam, but it depends on the casino, where you are playing and spending money. Some casinos are legit and they won't scam you, while others are definitely scam projects.
Comparing gambling with buying movie tickets and videogames doesn't seem accurate to me. You don't expect to win money out of watching a movie or playing a videogame, but the expectation to win money is the biggest motivator behind gambling.
Also, not skipping math class in high school definitely won't make you a better gambler.
The money you spend on gambling is "unpredictable"? Really? I think that the money you spend on gambling can be pretty predictable, if you are moderate gambler.

[rachael9385]

No, it is not a scam, betting has never been a scam, sometimes the concept of betting can be interpreted through misunderstandings because there are people who have had bad experiences in casinos that turn out to be scams.

Absolutely right. I think few gamblers have used some scam casinos and they have probably gotten the wrong experience from the casino so they thinks that gamble entirely is a scam which is not. However, it's good that op already knows the answer to his question. So my advice is that he or she should be careful of the casino he uses, so make sure to read reviews of casino before using them.

[Ishicryptic]

No, it will only be a scam if the casino supports those scammers, but we won’t likely experience getting scam if we chose to bet in legal and reputable casinos. They hate the scammers, so they won’t allow their users or players to get scam within their casino site.

Also, if betting a scam, then there’ll be no chances for us to make huge profits from betting. They will only steal our money and after that, they’re gone. But it’s not happening right now, except if you prioritize betting on illegal and shady casinos.

When you bet on a casino that is not reputable you should not be surprised if you get scammed because there must be a reason why they are not trusted. But there is no question about scams when you bet on reputable casinos, their TOS are clearly stated so you don't feel cheated at anytime. Gamblers knows that winning is by luck and if it does not happen you can't say that the bet site has scammed you because if you win you will be handed more than what you staked. Scam is when somebody or a platform lies to you about giving you profits or rewards so that they can take your money.

[Smartprofit]

Gambling is a training ground for studying the mathematical theory of probability. At least, gambling can be considered such a training ground.

The mathematical theory of probability, by the way, was created as an applied discipline. The fact is that in the distant past, many players were interested in various strategies for winning in the game of dice. The mathematical theory of probability gave them the opportunity to clarify many points.

Gambling is not fraud if its organizers do not promise participants a guaranteed win. If the organizers of gambling promise participants a guaranteed win, then such actions can be classified as fraud. At the same time, in many countries of the world, fraud is a serious criminal offense. Serious prison terms are imposed for it.

Therefore, online casino lawyers ensure that online casino organizers do not promise participants guaranteed winnings in gambling.

[Patikno]

I like your analogy of gambling like paying for a ticket to a movie or buying a video game, because someone can be entertained when they buy it, and they can also not feel entertained because the movie or video game is not interesting, and I think this is similar to gambling. When someone gambles, they are prepared for the consequences, whether the end result is that they are entertained or not, and this cannot be called a scam, because basically this has been warned on every gambling site and also approved by its users, so this is all clearly legit. In addition, because well-known and legal sites cannot manipulate their users' winnings, this is indeed fair, so we should play on well-known sites like the ones on this forum, so that we feel safe and comfortable playing gambling.

[Sticky Bomb]

No, it is not a scam, betting has never been a scam, sometimes the concept of betting can be interpreted through misunderstandings because there are people who have had bad experiences in casinos that turn out to be scams.

Absolutely right. I think few gamblers have used some scam casinos and they have probably gotten the wrong experience from the casino so they thinks that gamble entirely is a scam which is not. However, it's good that op already knows the answer to his question. So my advice is that he or she should be careful of the casino he uses, so make sure to read reviews of casino before using them.

Scam casinos have really dealt with lots of people. Most times it's greed and desperation that makes them fall easily. For example, a scammer who claims to have fixed matches gives you a game and tells you where to play it. Those games were not found on reputable casinos, and instead of browsing for the existence of such matches on that fateful day, you don't hesitate to use the link, deposit in the scam casino and place your bet. At the end of the day, you'll see the game win, but you can't withdraw, that's if you can even login anymore.

[summonerrk]

No, it will only be a scam if the casino supports those scammers, but we won’t likely experience getting scam if we chose to bet in legal and reputable casinos. They hate the scammers, so they won’t allow their users or players to get scam within their casino site.

Also, if betting a scam, then there’ll be no chances for us to make huge profits from betting. They will only steal our money and after that, they’re gone. But it’s not happening right now, except if you prioritize betting on illegal and shady casinos.

Absolutely right, at least all the casinos presented on the forum here are excellent respected places where you can not be afraid for your money. I see how quickly any question or dissatisfaction of gamblers from the forum is processed. These issues are handled by the manager himself, and not just some support that creates a ticket and it may not be active for several days.
Reputation is what the casinos presented here value, and thanks to the promotional programs, everyone has the opportunity to try this service.

[LUCKMCFLY]

And people who are calling betting scams are the real scams because when you watch from there activity, you will know that they are the ones who are greedy, and because of their greed, they have left them now they want to put the whole blame on gambling, saying that it is a scam and it is not just because they are careless they wanted more money, that is why they made those decisions they made because they want to make crazy money out of gambling and they forget that it does not work when it comes to gambling because its simple if it does not work, it will better to jsut quite and look for something else to do.

Yes, sometimes people come in as newbies and pretend that if they deposit a lot of money then the casino has to reward them by letting them win and they form wrong ideas, that happens a lot, when they see that they don't win or that they play badly and lose their money they call it a scam that the casino stole them unfairly, there are many of those.

[mak013]

I have often heard from players and analysts that the lottery is a tax on ignorance of mathematics. And the author of the topic writes that bets are a tax on those who slept through math class in high school. For some reason, we always perceive gambling as a tax or an inevitable loss of money. Although the definition of fraud has little to do with this. Fraud implies deception, and here the organizers of gambling rarely need to deceive to make money. The main profit of the organizers of gambling comes from the fact that players overestimate their efforts. People are too optimistic about their skills. As for comparing the money lost in bets with the cost of watching a movie - this is very funny, to be honest. After all, in the cinema we do not expect to make money, at least no one promises us this.

When you win, you have to pay taxes

Lots gamblers can`t  count but believe in some dream. It is very easy to believe that you can get easy money. But it doesn`t work so. If you want to get money from gambling - you have to work hard and even really hard working don`t guarantee that your skills are enough to get profit from the game.
But i partially agree with the OP`s words about cost of the ticket. Sometimes i make bets without analyze, because i just like the game i`m watching. Or i can make a bet against my team - as the result i will be happy because one of us will win. Or i can play slots after hard day instead of drinking beer. And anyway, when you visit football match you don`t pay for the result. You pay for a show.

[ultrloa]

And people who are calling betting scams are the real scams because when you watch from there activity, you will know that they are the ones who are greedy, and because of their greed, they have left them now they want to put the whole blame on gambling, saying that it is a scam and it is not just because they are careless they wanted more money, that is why they made those decisions they made because they want to make crazy money out of gambling and they forget that it does not work when it comes to gambling because its simple if it does not work, it will better to jsut quite and look for something else to do.

Yes, sometimes people come in as newbies and pretend that if they deposit a lot of money then the casino has to reward them by letting them win and they form wrong ideas, that happens a lot, when they see that they don't win or that they play badly and lose their money they call it a scam that the casino stole them unfairly, there are many of those.

Common action by pathetic people which expect that there's easy money on gambling. Usually they turn as shit as that when they lose and that attitude should not followed by anyone since they will just create a messed and provably encounter more problems due to crazy claims also actions made.

If they have proper discipline and deal with gambling in right way I think with that they won't call a casino as scam even if they lose their bets there. We just need to have good realistic expectation and also discipline since for sure that we won't act like a shit especially if we know the risk and other consequences while gambling.

[LUCKMCFLY]

This is what came up on their mind especially if the bettor is new or have less experience dealing with the casino. They unfortunately blame the casino for those unfortunate losses they get that's why some of them create big troubles and worse do crazy thing which is unacceptable to watch.

Well this is a fact , Sometimes there are people who are very ignorant and blame the casino for being a scammer , sometimes just because they don't know how the business really works I have seen in the scam accusation section things that some people do without knowing much and well it is not right that because they are ignorant of certain things they try to tarnish the names of casinos , just as there are a lot of trolls, well in the Lord's vineyard there is everything.