Are NFT games also another way to gamble your money?

[Fredomago]

You are betting on the odds that the game's item that you own will be of much more value when you buy something in those NFT games so basically you are betting on the ods that aren't clearly specified but they exist.

It's quite hard to put this into classic gambling but gambling is most likely involved because the outcome of an item's value in the future is uncertain and it's similar to stocks.

And thats a form of investment rather talking it as a gambling game specifically and people should at least know the difference among the two and shouldnt really be compared since both are different things.

Well, yes there might be some mixed of gamble since you are risking out your money on investing or buying these in-game items or something like that or simply with digital things but

you wouldnt know if these things will really be valuable later on or you would be simply just wasting off your time and money.

Taking that into account mostly when we deal with investment, we are risking our money. But the fact remains that in investing you are betting with your knowledge and the way you foreseen the future of certain assets, while when you are into classic gambling you are more into luck though there are also basis or some info that you can use but most of the time luck is the one that influenced the outcome.

Opinion probably base from how you understand what you are doing and how you interpret or believe the difference and similarities of the two venues.

[Twinkledoe]

What if the developers of the game like Axie will start to make their own PvP-betting platform and all you can bet, AXS, WETH, SLP and even our Axies. If the developers won't make such.

A casino that looks into it can make this very well. Just as the same as the Dota 2 lounge before when the items have been the bets, uncommon, commons, rare items that can be connected to the account and the same as the game of Axie. I think this is very possible and this is a truly gamble that involves huge amount of assets.

Possible but we dont know on what are theiir plans because its just too early to say that bookies would be listing out particular games knowing that Axie infinity isnt really still that big although they had currently
1,200,000+ active users.Dont know if its accurate considering that some people does have multi-accounts or in forms of scholarship.

We are just way too far off with those possible events that might happen in the future.It will always vary on the demand and further developments would be seen
depending on how it would progress out.

They have to add feature of being viewable top games so that bookies will have their reference. I've seen Jihoz tweeted about different products so I think they're also thinking about it.

Although, it's not included to the projects or products that he has posted but maybe there's an essence for it and they're looking after it too. But, they don't have to expose it right then.

There's possibility that they may venture into that path but still early to tell. Right now, gamers are enjoying this game because of the profits that they are getting into this platform. The number of users are quite big so high likely that pvp betting may emerge first. This is interesting though.

[agustina2]

They have to add feature of being viewable top games so that bookies will have their reference. I've seen Jihoz tweeted about different products so I think they're also thinking about it. Although, it's not included to the projects or products that he has posted but maybe there's an essence for it and they're looking after it too. But, they don't have to expose it right then.

On that part, we can't consider the gambling is not within the NFT games themselves.

If listed on betting sites, it's just the same as betting on sports. It's very different from what the topic is generalizing that NFT games are like gambling our money where in fact, it's not gambling after all since we are managing it and making sure that profits are sure.

[Cling18]

I don't think not all of them, most of them involve some form of strategy so it already discounts the fact that NFT games are a way to gamble money. Take Axie Infinity for example, it's a skill based game with an element of chance in terms of cards, critical hit and skill of the opponent so it's not gambling.

It isn't just about skills but the quality of the axies that you'll have. The rarest and purest are the most expensive ones. During the gameplay, these axies have the advantage. No matter how strategic you are if your cards aren't that strong, you'll surely lose most of the time. You really have to spend so you'll have an advantage over your opponents.

[Poker Player]

Taking that into account mostly when we deal with investment, we are risking our money. But the fact remains that in investing you are betting with your knowledge and the way you foreseen the future of certain assets, while when you are into classic gambling you are more into luck though there are also basis or some info that you can use but most of the time luck is the one that influenced the outcome.

Opinion probably base from how you understand what you are doing and how you interpret or believe the difference and similarities of the two venues.

That is the key. In knowledge. That difference you mention can be applied to many areas. Someone who buys shares, if he does so without knowledge, relying on the latest tip he has seen in a blog, is gambling. If he does it with great knowledge about the company and the market, he is investing. The same could be applied to poker, for example. If you play poker like you play roulette, you are gambling. So, yes, in NFT games it is perfectly possible to gamble.

[Wexnident]

Dont know on how they do assess on making out comparison which is clearly and  obviously different in terms of  risk and possible interest or outcome that  they could gain on  engaging into it.

Its clear as day that NFT games give out some chance for you to earn even though it isnt instant but at least you could really get something on  what you  had invest compared when you do play luck based games.

Investment is totally different with pure gambling gaming.So you should consider on  looking at  those qualities first on which one you do really need.

So since we're at it, let's differentiate the three. Investments are pretty much planned out moves that you would do, expecting something would happen that has a solid indication and basis, ofc it has part guess but it's still supported by information and whatnot (Sports gambling could also be included here ngl).

NFT games are Play to earn type of games, they simply make you play while you earn. Now this may seem like a scam or whatnot, but it actually isn't. See, the reason why it wasn't made even back then was because of the "unlimited" supply these types of games have, but with the right control of the supply, the resources in these types of games could really have their value, especially if said control was also included in the mechanics of the game (Like how Axie's need SLPs to breed). Let's be real, for anyone that has played any type of MMOs, people selling gold (or any ig currency for real money) are dime in a dozen.

Gambling games are, in the truest sense, luck-based type of games that give you an amount of money depending on the conditions you applied for. Simple as that. It can definitely give you more than NFT games or investments, but it can also make you lose more. They have both their pros and cons and tbh, NFT games being considered gambling isn't exactly wrong since it may just turn out to be an exit scam, but let's be real, any type of investment being scam is always applicable, whether it be in stocks, crypto, NFT's, or gambling.

[RokokGudangGaram]

For me I think it's more better than gambling i think this NFT is more like an investment though of course there's still a risk, I see some NFT that offers high APY and gets abandoned by their developers and some NFT that its coin crashes too bad for people who bought NFT characters when the price is high, so more likely there's a risk but unlike gambling in long term you can earn profit in NFT.

[carlisle1]

I don't think not all of them, most of them involve some form of strategy so it already discounts the fact that NFT games are a way to gamble money. Take Axie Infinity for example, it's a skill based game with an element of chance in terms of cards, critical hit and skill of the opponent so it's not gambling.

It isn't just about skills but the quality of the axies that you'll have. The rarest and purest are the most expensive ones. During the gameplay, these axies have the advantage. No matter how strategic you are if your cards aren't that strong, you'll surely lose most of the time. You really have to spend so you'll have an advantage over your opponents.

There's a need of spending more in order to have a good edge against your opponents,
not just the strategy but the rare types of your axies characters.

The good thing is when you have this kind of characters, your chance to win is better and it's worthy in the long run.
Just need to have good amount of money to invest, and time to fully understand the set up and to learn good strategy
to maximize your profits.

[ultrloa]

I don't think not all of them, most of them involve some form of strategy so it already discounts the fact that NFT games are a way to gamble money. Take Axie Infinity for example, it's a skill based game with an element of chance in terms of cards, critical hit and skill of the opponent so it's not gambling.

It isn't just about skills but the quality of the axies that you'll have. The rarest and purest are the most expensive ones. During the gameplay, these axies have the advantage. No matter how strategic you are if your cards aren't that strong, you'll surely lose most of the time. You really have to spend so you'll have an advantage over your opponents.

There's a need of spending more in order to have a good edge against your opponents,
not just the strategy but the rare types of your axies characters.

The good thing is when you have this kind of characters, your chance to win is better and it's worthy in the long run.
Just need to have good amount of money to invest, and time to fully understand the set up and to learn good strategy
to maximize your profits.

That's why you need to learn the cards effect so that you will know on what possible card to attack first when your opponent do something in their turns since knowing the weaknesses on each axies is a big plus since it can give huge damage to the opponent if you now how to placed your card properly. And expensive quality axies is really a must know specially in arena where the devs decide to put more rewards so expect that many people will adjust and became competitive.

[Smartprofit]

These are just a few lists of the NFT games that I know, I just wanted to know if this kinda makes sense to invest in this game whereas you can see, people who invested late are now suffering and
can't stop thinking if they get back their investment.

We are investing to get more profit and its normal to think when will be the ROI if you are going to invest on that NFT games.
I don't know what's connection with this one to gambling but if the game tells you to risk something before you win, then that is more about gambling but if you are just going to invest and play the game like on AXIE, I don't see that one as gambling.

I would not call it gambling.  This is an investment with gambling elements.  In my opinion, such investments are more risky than conventional classic investments.  

Investing in stocks or cryptocurrencies, the investor usually gets a profit.  

Why?  

This is due to the fact that the modern financial system is inflationary.

Stocks and cryptocurrencies accumulate excess money supply, preventing it from entering the markets for goods (works, services).  Therefore, long-term investment is profitable.

In the situation under consideration, the elements of gambling built into the investment system do not guarantee the investor a profit.  

With this kind of investment, the investor falls prey to randomness and chaos.

[zanezane]

~

Axie game is a game that is quite popular for crypto lovers this year, and even many of its users dare to spend a lot of money to play on the game and in my opinion the game really provides a pretty fun playing experience, moreover we have many options to be able to get tokens , in a way that players can breed it, raise, and fight Axies in the universe.

You're lying, there's only three ways to get tokens in Axie, Arena, Adventure and Daily Quest, it would be four if you include the rewards for going to the top. It's not that many but all that you've said is right but given that it's still in alpha stages, there's still a lot of things in store for Axie Infinity.

[Jackl87]

I don't think not all of them, most of them involve some form of strategy so it already discounts the fact that NFT games are a way to gamble money. Take Axie Infinity for example, it's a skill based game with an element of chance in terms of cards, critical hit and skill of the opponent so it's not gambling.

Axie game is a game that is quite popular for crypto lovers this year, and even many of its users dare to spend a lot of money to play on the game and in my opinion the game really provides a pretty fun playing experience, moreover we have many options to be able to get tokens , in a way that players can breed it, raise, and fight Axies in the universe.

If you also want to join and play axies infinity then you need to own at least 3 axies. The last time i checked 1 axie did cost around 300 $, which means you need to invest 900 $ to even start the game with the absolute minimal Equipment. To get that investment back if the prices for axies stay stable will probably take a few months and only after that you begin to make Profit. So i personally would not start with axies infinity now. If you do start now though then you basically make a bet that the prices of axies will remain stable or even grow within the next months so you can get your money back and add a little profit on top.

[Dread Pirate Roberts]

If you also want to join and play axies infinity then you need to own at least 3 axies. The last time i checked 1 axie did cost around 300 $, which means you need to invest 900 $ to even start the game with the absolute minimal Equipment.

before the price of axie goes up, you can still buy $20-100 per axie. now because the price is quite high compare few month ago its become another consideration to starting. but so far, axie still offers many things, such as there will be many updates in the future thats makes axie ecosystem is still worth it to join from now.

[KTChampions]

If you also want to join and play axies infinity then you need to own at least 3 axies. The last time i checked 1 axie did cost around 300 $, which means you need to invest 900 $ to even start the game with the absolute minimal Equipment.

before the price of axie goes up, you can still buy $20-100 per axie. now because the price is quite high compare few month ago its become another consideration to starting. but so far, axie still offers many things, such as there will be many updates in the future thats makes axie ecosystem is still worth it to join from now.

Any game that wants to develop should offer something free to start with. Even the $ 60-300 entry threshold is fatal in my opinion. If at the moment you need to spend $ 900 to start the game, then this is absurd and this state of affairs will harm the game. I am sure that soon there will be cheaper or even free analogs that will squeeze this game out of the market.

[Lanatsa]

If you also want to join and play axies infinity then you need to own at least 3 axies. The last time i checked 1 axie did cost around 300 $, which means you need to invest 900 $ to even start the game with the absolute minimal Equipment.

before the price of axie goes up, you can still buy $20-100 per axie. now because the price is quite high compare few month ago its become another consideration to starting. but so far, axie still offers many things, such as there will be many updates in the future thats makes axie ecosystem is still worth it to join from now.

Lucky for those who had purchased axies when it wasn't still a play to earn thing which they do say that each axies do really cost $20 above and now when the time it got hyped then those prices do changed up and even that having staggering $1000 each when SLP is on its peak.

This is one of the advantage when you do really get in early or one of the pioneers of certain projects if it does have the potential to rise up in  the future.
You could really be rich or neither do get or make big profits that you we're never been expecting on.

[maju69]

For me I think it's more better than gambling i think this NFT is more like an investment though of course there's still a risk, I see some NFT that offers high APY and gets abandoned by their developers and some NFT that its coin crashes too bad for people who bought NFT characters when the price is high, so more likely there's a risk but unlike gambling in long term you can earn profit in NFT.

Even then, if the NFT game project has many users and has a large enough size, many developers will be left behind because they are silent and do not have good judgment. Between having to gamble or playing NFT games, it comes down to user preferences. And we still persist in gambling.

[South Park]

I don't think not all of them, most of them involve some form of strategy so it already discounts the fact that NFT games are a way to gamble money. Take Axie Infinity for example, it's a skill based game with an element of chance in terms of cards, critical hit and skill of the opponent so it's not gambling.

I will have to check the game but if you are using money and there is an element of chance there that is completely outside of your control then we could say that you are gambling, after all if we took out the name of the game and people were trying to guess what kind of game you were describing many people would have guessed poker as it is a game of skill in which probabilities still play a huge factor, and it seems this game could be under the same classification as poker.

[Oilacris]

I don't think not all of them, most of them involve some form of strategy so it already discounts the fact that NFT games are a way to gamble money. Take Axie Infinity for example, it's a skill based game with an element of chance in terms of cards, critical hit and skill of the opponent so it's not gambling.

I will have to check the game but if you are using money and there is an element of chance there that is completely outside of your control then we could say that you are gambling, after all if we took out the name of the game and people were trying to guess what kind of game you were describing many people would have guessed poker as it is a game of skill in which probabilities still play a huge factor, and it seems this game could be under the same classification as poker.

Seen lots of people just dive in just because of the hype on where they do end up on playing games directly without even trying to look on whose the team behind or the developer.Did see some rug pull projects which is really sad into those who do lost up big or tons of money when the owner had ran off all of those investments.

This is one of the risk when you do deal into something not just on NFT games but also with other forms of investment as well here on crypto market.Gambling on the essence that you are risking your
money but at least you could really make out some advantage if you had done your assignment.

[Fredomago]

I don't think not all of them, most of them involve some form of strategy so it already discounts the fact that NFT games are a way to gamble money. Take Axie Infinity for example, it's a skill based game with an element of chance in terms of cards, critical hit and skill of the opponent so it's not gambling.

I will have to check the game but if you are using money and there is an element of chance there that is completely outside of your control then we could say that you are gambling, after all if we took out the name of the game and people were trying to guess what kind of game you were describing many people would have guessed poker as it is a game of skill in which probabilities still play a huge factor, and it seems this game could be under the same classification as poker.

Seen lots of people just dive in just because of the hype on where they do end up on playing games directly without even trying to look on whose the team behind or the developer.Did see some rug pull projects which is really sad into those who do lost up big or tons of money when the owner had ran off all of those investments.

This is one of the risk when you do deal into something not just on NFT games but also with other forms of investment as well here on crypto market.Gambling on the essence that you are risking your
money but at least you could really make out some advantage if you had done your assignment.

If you are good at dealing with research and expect the good potential of a particular project, the chance for you to earn is high, but if you are just being moved by those hypes, expect that along the way you'll lose your money.

Another type of investment where risk is really present but if you are done with doing your DYOR and you see that there's a good team behind the project.

The chance for you to receive a good amount of compensation is there. Follow the team, it will add more ideas to what future will bring to your investment.

[YuginKadoya]

Well, this is just my opinion if you have invested in 1 of these NFT games and you surely don't have access to the future it is surely a gamble because each and every game that will eventually have earnings in the future or has earned right now, can surely run off with your money with them, they can surely promise a lot but it can eventually become a scam without you even noticing it, but if there are scam project there are surely legit once, and currently, I have invested with My Defi Pet, but I sure don't recommend any of you investing in it, I am saying invest responsibly just like gambling responsibly and a part of a gambling feature in this game is the random pet you can get when you bought an egg, you will never know if the pet will be a rare or not.