Are NFT games also another way to gamble your money?

[Oasisman]

There is a fine line between gambling and investment. Both have their own risk (high risk).
But once you lose in gambling, there's no way you can take back your money but to put more money on the next betting line (another risk).
On the other hand, when your investment declines, you could at least hold it or continue playing until you make profit without adding any more money to your capital investment.

[boltz]

Well if you put it in that way with electricity and time ...I guess nothing may worth our time. Everything costs even in real life so NFT games are not so different but I would not associate them with Gambling as I saw some reviews of those games and I can't see how this is a gamble system.

What I've saw is that Cryptoblade is a new version of Bitefight and Tannoth ...games that I've played like 15 years ago on Browsers but they put it into a blockchain system and to be honest it is catchy and I see it having a long time ( bitefight is still making millions from that game without having a single update in more than 6 years ) so I think cryptoblade will be just fine as long as that Oracle will not kill the economy of the game. Regarding Axie ...it's a bit tricky as you need to own land and oh it's way more complicated than I thought so I will skip this one.

[mu_enrico]

This topic may be more suitable on the altcoin board, as the mentioned games aren't gambling games. Anyway, in a broad sense, yes, if it involves heavy speculation, it's gambling. However, in a narrow sense, it's not, since speculation like trading NFT and crypto involve skills, not only chance. You can win if you have "a very particular set of skills."

[molsewid]

Anything that has a value and you risk that to try and get more money is a gamble. NFT games are more risky than sports betting because there are more things that can impact the price. You might do everything right and double your in game money but their token might have dumped in the time it took to get there.

Well I guess gambling and investing can be the same in the level of the risks that a gambler or an investor put in it and yeah the characteristics of gambling your money can also be associated with it because the gambler and the investor both take risk their money without any idea when or will their money return or may get profited with it or they will lose it. But in terms NFT games which is now in craze trend which I think it is far from gambling your money because there is an assurance that you may earn a profit though it may takes a month before you could take a profit but the good thing is that you generate money however the factors that may affect the token price like the volatility of the market cannot be set aside.

[UmerIdrees]

Right now there are huge lists of them where you have a choice on whether you buy tokens on their early pre-sales or invest in the game hoping that you will get your ROI as fast as possible but there is no assurance about it. Is this gamble its true sense it has just some part where you need to take the risk but not that low odds where you can get your capital back?

First you need to understand that these are the NFT games where you play the game and earn money. You can invest in the game token also and hope it will rise as the NFT games become more popular. Most people invest in NFT games to play and earn regular income. This is completely different from gambling as gambling games are pure luck based but with NFT games, you need a strategy to win the games and level up.

[carlisle1]

Right now there are huge lists of them where you have a choice on whether you buy tokens on their early pre-sales or invest in the game hoping that you will get your ROI as fast as possible but there is no assurance about it. Is this gamble its true sense it has just some part where you need to take the risk but not that low odds where you can get your capital back?

First you need to understand that these are the NFT games where you play the game and earn money. You can invest in the game token also and hope it will rise as the NFT games become more popular. Most people invest in NFT games to play and earn regular income. This is completely different from gambling as gambling games are pure luck based but with NFT games, you need a strategy to win the games and level up.

NFT games is another type of investment indeed, if you have good knowledge behind the project there's a certain chance that you'll earned decently.

Unlike gambling where you are more on risking your money even you have good  knowledge, shit still can happened along the way.

Your money have a bigger chance of losing than winning, and with Play to earn set up where levelling up is an additional ways to enhance your profits.

[perfect999]

I am really interested in learning more about these games, but at the same time I really do not want to spend any money on "games" that I do not actually play that much, I mean yeah it makes sense to buy crusader kings 3, because it is a good game (which you can even download for free from torrent) but this is not a great game like that, it is just a regular game you can play on kongregate or something, the olds flash games, even text based for some of them.

It means that you can spend $50 on it just to give it a try, but if you lose that is a good chunk of my money, that is like 10% of my salary, just for testing a game, I rather buy BNB and put it aside, or get cake and put it on the pool, that is why I am hesitant. If anyone here actually spent a little amount and gambled that away to see if it works could help me understand the logic, I could be a lot more interested.

[Hamphser]

Dont know on why Axie infinity isnt included on the list? You should add up Cryptozoon too since these are the  current hyped NFT  games as of this moment.

I only posted the games I invested in, I don't have any experience with the Axie infinity so I skipped it.

Anyway, base on your answers, it is definitely a gamble to invest in these games but the risk is low compared to actual online gambling that we have right now but the nature of losing your money when the price of their token fell is still there and there is no guarantee for it to bounce back since it is also inside the crypto market where the volatility is always our partner.

One more thing about Cryptoblade is their chances of battle where the low percentage of winning gives only a little amount of rewards. The moment I saw the percentage of winning the battle, that's when I concluded my thought that this is really gambling. because there is no other definition of when you need to get in the odds in order to take your money back.

I have invested on cryptoblade and buy out my characters and sword when it was still $5 and it did really pay off when it hyped and make out almost $200 a day earning but that one didnt last long since the price

had fluctuated down which it isnt really that surprising as these games arent really that good for long term for now but lets see on what would happen.Thing here is that you do know on how to secure

up your capital and then re-roll the profits  then its not really bad to consider on playing these games but of course that you should be mindful about the risk.

[Fredomago]

There is a fine line between gambling and investment. Both have their own risk (high risk).
But once you lose in gambling, there's no way you can take back your money but to put more money on the next betting line (another risk).
On the other hand, when your investment declines, you could at least hold it or continue playing until you make profit without adding any more money to your capital investment.

That pointed the difference between this two venues, with gambling after you lose there's nothing for you to stay, if you plan to try recovering back your initial capital you need to deposit additional funds and wish for luck to help you, while with investment since NFT games have that part of investment, you can continue holding and playing the game and you still have the same amount of assets even the value had been declined you can continue playing and keep gaining to where you'll be able to recover the value of your investment.

If you are lucky enough, you can earn more when the market favor you and the value pump high.

[Mahanton]

There is a fine line between gambling and investment. Both have their own risk (high risk).
But once you lose in gambling, there's no way you can take back your money but to put more money on the next betting line (another risk).
On the other hand, when your investment declines, you could at least hold it or continue playing until you make profit without adding any more money to your capital investment.

Its true because you do still have a chance on getting at least a portion of your investment even though you didn't able to hit up ROI but still you do get something and that what differs
them when it comes to risk but of course both are risk and I do agree that theres a fine line between the two and its up to someones choice if ever they would really be tending
to do neither gambling purely or via investment.

NFT games are surely risky because there would be no guarantee for it to go for long term but as long as it runs then you could still have the chance on getting return of investment.

[blockman]

I only play Axie Infinity so I really don't know if it's considered a gambling, the only part of it that I can think of that it's a gambling is the investment on the teams themselves, you buy them hoping that you can get a return of investment.

It's not actually a gamble. We only gamble if there's money that's being bet for each game that we do. Just like the logic in dice and sports betting. The money that we invest to buy Axies is considered as an investment and it will generate us revenue overtime as that's what we do for playing Axie Infinity. Well, esports is at hand and the developers are surely considering this little gamble on the feature but if they don't add it on their platform itself, inside the game. Then they might create a separate platform for that but they still own it.

[lienfaye]

There is a fine line between gambling and investment. Both have their own risk (high risk).
But once you lose in gambling, there's no way you can take back your money but to put more money on the next betting line (another risk).
On the other hand, when your investment declines, you could at least hold it or continue playing until you make profit without adding any more money to your capital investment.

Thats true, gambling and investment has risk but they're different when it comes to making money. NFT games are popular nowadays because of the opportunity to earn while enjoying the game, having your own strategy as an edge is necessary to have an advantage.

Plus aside from playing, investing on their tokens alone then hold are also profitable if you happen to buy the tokens at low price. So there's an option, its either you just only hold the tokens or play their games as well to maximize your profit.

[just_Alice]

I think, based on your description, it can be considered gambling. The most popular definitions of gambling are:
“Play games of chance for money”. This one, I believe, doesn’t really apply here, because the games themselves aren’t games of chance, right? In those, you can use skills and features in order to advance further.

The other one is “Take risky action in the hope of a desired result”, which is appropriate here. While the game itself is not based on chance, it requires certain investments, and the price of NFTs changes, which makes it risky. Plus, apart from enjoying the game people seek profit here.

So yes, these games are 100% gambling.

[bitterguy28]

I only play Axie Infinity so I really don't know if it's considered a gambling, the only part of it that I can think of that it's a gambling is the investment on the teams themselves, you buy them hoping that you can get a return of investment.

Yes and this does not count as Gambling literally but gamble from our choice of investments in which does not reflect in the game itself.

I think, based on your description, it can be considered gambling. The most popular definitions of gambling are:
“Play games of chance for money”. This one, I believe, doesn’t really apply here, because the games themselves aren’t games of chance, right? In those, you can use skills and features in order to advance further.

that is the literal definition if we talks about gambling games that offers to win or lose , but the mentioned games are created to bring fun and enjoyment though it has blended to earn.

The other one is “Take risky action in the hope of a desired result”, which is appropriate here. While the game itself is not based on chance, it requires certain investments, and the price of NFTs changes, which makes it risky. Plus, apart from enjoying the game people seek profit here.

So yes, these games are 100% gambling.

but yes it is depend on what we believe and how we understand the definition of gambling .

[perla]

Yes, it's another way to gamble your money since you are not sure if you are going to have profit after you purchase NFT but for me I think it's investment and not a gambling like placing bet. I think it's way more different than gambling itself if you consider it as a gambling then you might also consider trading as a gambling too.

[Cling18]

As for me, yes, I consider it as another way to gamble my money yet I could see a bigger assurance on it rather than the casual gambling that we're used to. It requires skills while we're enjoying at the same time but since it's playing to win games, I could still get my money back while earning a profit at the same time. I find it a better way to enjoy while risking a portion of my gambling funds.

[adzino]

Looks like it is. And indeed a very risky form of gambling. More like people who get in first, earns the most. Currently those NFT games are the trend. Hence the value is going up with the trend. Highly likely it's going to end badly once the hype is completely over.

If you could lose money from it, it's a way of gambling.

You have invest in tokens. After investing, what if the value drops? You have lost money. What if you don't get "good drops"? You again lost money. Most games are giving you items or drops which depends on your luck. So it is a form of gambling.

[madnessteat]

Most crypto games are built in such a way that early players recoup their investment at the expense of those who join the game after them. That's why I wouldn't recommend investing your money if the game has already been running for a few months.

[just_Alice]

I think, based on your description, it can be considered gambling. The most popular definitions of gambling are:
“Play games of chance for money”. This one, I believe, doesn’t really apply here, because the games themselves aren’t games of chance, right? In those, you can use skills and features in order to advance further.

The other one is “Take risky action in the hope of a desired result”, which is appropriate here. While the game itself is not based on chance, it requires certain investments, and the price of NFTs changes, which makes it risky. Plus, apart from enjoying the game people seek profit here.

So yes, these games are 100% gambling.

That is gambling in the strict definition,,, but you can gamble with your life, you can gamble with your career,,, you can definitely see people gambling in stock markets all day if you just see some stock markets, old men and old women watching the screens all day, just like in a casino:)

They consider these things games.

That’s why I gave two. Gambling with life, or in the stock markets, investment, etc. - is making risky decisions for a certain result. These NFT games, as noted by some here, look a lot like investment, but that’s also a type of gambling.

Games and gambling are different though. Not all gambling is a game and not all games are gambling.

[agustina2]

Most crypto games are built in such a way that early players recoup their investment at the expense of those who join the game after them. That's why I wouldn't recommend investing your money if the game has already been running for a few months.

It depends. What if the payment structure is stable even with the volatile market?

What's the difference between this when you buy a coin at peak then suddenly the market crashes. In these games that already built a good foundation, even in a market crash, the return of investment is possible. I think it's even quick to make an ROI here rather than waiting for a coin's price to the moon especially if the coin is not even in the Top 10 of coin's market capitalization.

Of course, there's still a risk as there's no perfect investment. But I can't consider it gambling here in NFT because we will manage it along the way. Although that was only applicable at those stable play to earn games.