Gambling and MLM Schemes

[Zarfund]

I just heard that gambling is just like MLM schemes as people only loses both in gambling and MLM schemes ?
Is it true ?

[Oshosondy]

What are you bringing up? Multi-level marketing is totally different from gambling. Some organizations legitimately use Multi-level marketing to sell a product, it is also different from pyramid scheme because in pyramidal scheme, no real product is sold. In gambling, you can use what you can afford to lose to gamble, mind yourself not to get addicted also.

[fiulpro]

What do you even mean by that I don't understand it. People don't always loose in those schemes and the gambling as well, some of them are able to win a lot of money look here for some gambling wins : https://www.google.com/amp/s/hrnews.co.uk/the-biggest-casino-wins-of-all-time/amp/

Also multilevel marketing does help some people a lot as well, the success is a bit tricky but if you can do it! I know loads of people who are trying to work in a MLM Company and still making some decent amount. https://www.thebalancesmb.com/the-likelihood-of-mlm-success-1794500
Their revenues are very good as well for some companies and it all depends on which company you want to invest in and how you go about the investments. Some of them are passive as well and who knows ? They are totally different worlds. You need to read a bit about them.

One in entertainment and the other one is a weird scheme profiting the rich and the shareholders of the huge companies.

[ryzaadit]

Huh? did you even know-how is the work of MLM Scheme.

MLM Shchem/Ponzi is pay the old investment from new investment until they cannot gain more members and not cannot pay anymore. Gambling statistic why we have more loses, because most the time is from psychology.

In good section (win situation), you're gonna try to gain more and then run out your luck and make you're losing.  In losing section, people trying to deposit more and recovery the lost but they're getting more loses.

If you don't want to lose anything, don't gamble.

[aioc]

I just heard that gambling is just like MLM schemes as people only loses both in gambling and MLM schemes ?
Is it true ?

On gambling, you are guaranteed to lose, on MLM if you have a good organization and you are promoting a good and legit product you can make a profit the only way you can lose from MLM is if you are lazy to recruit people, there are still good MLM companies and they are license, a legit MLM should be focused on their products and services making money out of their profit plan is just a perk for actively promoting the product or services.

[Fatunad]

I just heard that gambling is just like MLM schemes as people only loses both in gambling and MLM schemes ?
Is it true ?

On gambling, you are guaranteed to lose, on MLM if you have a good organization and you are promoting a good and legit product you can make a profit the only way you can lose from MLM is if you are lazy to recruit people, there are still good MLM companies and they are license, a legit MLM should be focused on their products and services making money out of their profit plan is just a perk for actively promoting the product or services.

MLM does have that kind of ponzi-like kind of structure on which we know that there are invitation from new members who do need to sell out products or services or something like that
which its true that there are still some long time running MLM businesses now which i dont really consider for it to be connected with gambling but rather a risk
for those who do tend to join on it.Gambling is not a business kind of thing for those people who are tending to engage which isnt something that comparable for making
decisions for someone who do have plans on making out some business through these companies.

[harizen]

I just heard that gambling is just like MLM schemes as people only loses both in gambling and MLM schemes ?
Is it true ?

Of course not. While most of the time, losing might be the end result, it does not make sense to compare the usual gambling to MLM schemes.

To prevent further spoonfeeding, I suggest searching what MLM schemes look like. Here are some articles you can read on:

https://www.investopedia.com/terms/m/multi-level-marketing.asp
https://en.wikipedia.org/wiki/Multi-level_marketing

Come back here after reading those and try to answer now by yourself if gambling and MLM schemes are quite the same.

[ultrloa]

I just heard that gambling is just like MLM schemes as people only loses both in gambling and MLM schemes ?
Is it true ?

On MLM they promise you to earn while in gambling they offer entertainment and never promise any wealth it's just people look after to get rich upon betting because their are success stories about getting rich when hitting the jackpot.

Also MLM is different model and its incomparable with gambling because there's more high risk that we lose our money on MLM rather than playing gambling.

[Saisher]

I just heard that gambling is just like MLM schemes as people only loses both in gambling and MLM schemes ?
Is it true ?

Of course not. While most of the time, losing might be the end result, it does not make sense to compare the usual gambling to MLM schemes.

To prevent further spoonfeeding, I suggest searching what MLM schemes look like. Here are some articles you can read on:

https://www.investopedia.com/terms/m/multi-level-marketing.asp
https://en.wikipedia.org/wiki/Multi-level_marketing

Come back here after reading those and try to answer now by yourself if gambling and MLM schemes are quite the same.

I also don't see the comparison, on gambling you lose your money on MLM you may lose money but you have their products or have availed of their service, I have joined two MLM in the past and I don't regret joining them, it's a learning experience for me there are also bad sides like recruiting people and getting a percentage on their purchases but that's the whole concept of MLM, instead of paying celebrities or influencers they prefer recruiting people and getting a percentage on their purchase.
I have seen popular products that are based on MLM.

[Rruchi man]

First off OP, your choice of username reminds me a ponzi scheme I got involved in some time ago with the exact name "zarfund", and funny enough you already have some negative trust.

I just heard that gambling is just like MLM schemes as people only loses both in gambling and MLM schemes ?

People say a lot of things you have to be careful who you listen to, as for the drawing similarity, people sometimes may choose to see a relationship between two things when there is no really real relationship. If you analyse to see the difference between MLM and gambling you find out that there are a lot of differences, that just a few similarities is not enough to say they are alike.

[Yogee]

You should have asked the person you heard this from to explain what he means. It's really a bad comparison as already pointed out by other people above. One is paying for fun while the other is for investment. The only similarity between the two types of business I could think of right now is that they both need new customers or users to stay in the industry they belong.

[passwordnow]

They are totally different, where have you heard that gambling is the same MLM scheme? Because of the referrals? That's not how it goes and it's just an incentive for the casinos that has a referral program.
In MLM, you earn actually on referring someone and selling products to other customers. While in gambling, you gamble and you have no idea if you'll win or lose for that day.

[agustina2]

On gambling, you are guaranteed to lose,

Not true in most cases. Maybe at casino games that need pure luck but gambling isn't just about luck.

If that's your status then stopped doing gambling as it's not for you. A guaranteed loss in gambling is the worst mindset.

Stay away from gambling if that's your mindset.

on MLM if you have a good organization and you are promoting a good and legit product you can make a profit the only way you can lose from MLM is if you are lazy to recruit people, there are still good MLM companies and they are license, a legit MLM should be focused on their products and services making money out of their profit plan is just a perk for actively promoting the product or services.

But in most cases, MLM is focused on referral programs and not on the product.

They are promoting aggressively the gains that users can get thru the referral programs instead of focusing on the benefits of the product.

That's why MLM is even worst than gambling.

[gunhell16]

Let me give you first their differences dude through their definition.

What is MLM(Multi-level Marketing?

Multilevel marketing (MLM) is a business model that involves unsalaried, hierarchical sales teams selling products directly to consumers in conjunction with recruiting additional company sales representatives. Multilevel marketing may also be referred to as referral marketing or network marketing.

Source: https://www.techtarget.com/whatis/definition/multi-level-marketing

What is Gambling?

gambling, the betting or staking of something of value, with consciousness of risk and hope of gain, on the outcome of a game, a contest, or an uncertain event whose result may be determined by chance or accident or have an unexpected result by reason of the bettor’s miscalculation

Source: https://www.britannica.com/topic/gambling

Maybe at least you will know the correct answer you have today's question after reading the definition of MLM and Gambling. Hope this helps no matter how you made this topic.

[Beparanf]

I just heard that gambling is just like MLM schemes as people only loses both in gambling and MLM schemes ?
Is it true ?

Somehow there’s a facts in your argument which most of the users here don’t understand since they are itching when they see the MLM word. The truth is there’s nothing wrong on argument that you brought up since MLM is favorite to use by scammer but MLM in general is not bad because it’s just marketing scheme.

Anyway, Yes both of them will lead you to losses if you didn’t dyor properly on how to play well on both money making activities. What I don’t understand here is the objective on determining whether is true or false.

[Maus0728]

Here is an excellent article on MLM, where their main selling point is their people rather than the actual product they are attempting to sell to the general public.

- https://bitcointalk.org/index.php?topic=5116935.0

Also, you can't easily call a service an MLM just because at some point they lose their hard - earned money. In fact, losing is inevitable in every other business niche that has risk associated with it. Okay?

[kamvreto]

I just heard that gambling is just like MLM schemes as people only loses both in gambling and MLM schemes ?
Is it true ?

Somehow there’s a facts in your argument which most of the users here don’t understand since they are itching when they see the MLM word. The truth is there’s nothing wrong on argument that you brought up since MLM is favorite to use by scammer but MLM in general is not bad because it’s just marketing scheme.

The MLM scheme in general is currently very bad for those who are victims of Multi Level Marketing. Those at the top level are greatly benefited. MLM is not just an ordinary market scheme, but there are a lot of dirty games in it. Cheating new members for their own benefit and so on.

Anyway, Yes both of them will lead you to losses if you didn’t dyor properly on how to play well on both money making activities. What I don’t understand here is the objective on determining whether is true or false.

Both will indeed lead to losses, but losses in MLM will not be controlled. Unlike gambling, losses are caused by themselves and there is no coercion from others.

[Oshosondy]

The MLM scheme in general is currently very bad for those who are victims of Multi Level Marketing. Those at the top level are greatly benefited. MLM is not just an ordinary market scheme, but there are a lot of dirty games in it. Cheating new members for their own benefit and so on.

I do not quite understand the kind of dirty games in multi-level marketing, can you explain about that. In multi-level marketing, it is not like ponzi or pyramidal scheme which I mentioned above, those hyip, ponzi, pyramidal and other promising high yield return on investment schemes are not the same as multi-level marketing. If comparing multi-level marketing, that means you only just want to compare legit business, normally all business are risky. But if talking about dirty games, that means it should be a ponzi, pyramidal scheme or other hyip, do not get it confused.

Both will indeed lead to losses, but losses in MLM will not be controlled. Unlike gambling, losses are caused by themselves and there is no coercion from others.

Business have risks, but gambling is far riskier than multi-level marketing if the multi-level marketing is legit. Even gambling is not related to business unless you are the owner the gambling platform.

[ipanks]

Maybe there is a point because MLM invites people to join under the person who provides the information. But I'm not sure if it's gambling in any other form as long as you figure out that MLM can bring you profits in the future. As far as I know, MLM offers its members a product and special discounts for them. And members can resell the product or use it for themselves. My advice is you better not join any MLM because usually, the products are very expensive and we don't really use them either.

[goldkingcoiner]

I just heard that gambling is just like MLM schemes as people only loses both in gambling and MLM schemes ?
Is it true ?

You should be a bit more precise when stating that MLM schemes are somewhat like gambling. I really do not see a connection?

People who gamble are very much aware that they can and definitely will lose their money when gambling. So saying that someone got tricked into losing their money with gambling is not an excuse which will work for the scam accuser/gambler.

On the other hand MLM is basically just pyramid schemes with different templates. Either template, its still just a strategy to trick people who unknowingly fall for the "scam".

But that has the property of deceiving someone, unlike with gambling. Every idiot knows gambling is risky. Not everyone knows a MLM is bad.