Gambling and MLM Schemes

[Oilacris]

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

This is way different, MLM only sells a product and they have that scheme which many can easily notice. There’s no scheme in gambling, its already given that you will just lose money here because again, the house will always win. If you think this is a scheme then stop doing both, you can have more peace of mind if you stop gambling, that can help you a lot to save more money. Gambling is still risky, compare to MLM where you are buying staffs that you might actually want.

MLM does have products which could really be helpful or something essential. Earning opportunity is just a bonus in MLM but it doesnt really give out assurance but of course there are people who do put

emphasis on earning via multi-level kind of scheme which its of course having that risk if you do make yourself or put into the bottom unless if you are on the top then you could really benefit out from it but if not then dont expect something from it and unlike gambling then there's no product that you can get or just simply playing out for leisure but people do put emphasis or focus
when it comes to money making opportunity.

So i dont see on the relevance on why making such comparison which this is clearly totally different to each other?

[Slow death]

if it were just you and the casino, in that scenario the casino would not have any other customer, the only customer would be you. you could play for years and years and the casino owner would continue to pay you, without needing new customers... because it would be very difficult for you to get it right all the time so every time you are losing, the casino is taking that money of yours that you lost for you to pay when you win and also the casino owner has a big bankroll so that in case you win something big he can pay you, that way they are not operating ponzi scheme. I hope my example is easier for you to understand without having to google it and find more complicated explanations

[Hydrogen]

MLMs are like affiliate programs crossed with pyramid schemes.

MLM members purchase necessities and supplies through their MLM. With those higher on the pyramid receiving an affiliate cut. It is like referrel links in crypto or amazon's affiliate program. Moreso than anything to do with gambling.

If a family or group of friends can gather together and supply their regular needs through MLM supply chains. They can form a long term hierarchy which can be both profitable and sustainable to some degree.

I'm surprised MLMs aren't being touted more with the advent of the internet. Social networking the internet supplies seems well suited for it.

[Rengga Jati]

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

Seriously? From where did you hear this statement? It seems so funny I heard it.
MLM is Multi-Level-Marketing. WHat makes it similar to gambling?
In MLM, we recruit people to join with certain requirements (mostly by buying ay products), and if we can get more people, we can get more rewards. The schemes are also likely triangle shape schemes.
But in gambling, there is no scheme like that. Although may register by using other people's referrals, we play gambling as we like it. We can lose in gambling because we are exactly lost in paying. Or we can also win because we are lucky or even because we are skillful in certain gambling games or betting sports.
So, this is exactly different.

[goinmerry]

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

Losing money is likely to get when gambling or participating in MLM schemes but the process is different.

MLM is more used in investing where getting referrals is the key to making profits.
In gambling, I think there's no need for any explanation. Do you have a gambling experience alreadY?

The good part is, if play right, you won't actually lose money at both. How to play it right? That's another need for a separate discussion.

[Vaskiy]

Same as the MLM function people have begun to connect cryptocurrencies with MLM. Even in my country certain groups are functioning with the same thing promoting that payments will be in terms of bitcoin. For the participation some tokens have been given. While checking I haven't seen on any of the top exchanges.

[Fundamentals Of]

Gambling is more about math, and MLM about psyhology and right moment. To succed in MLM you need a good insight. And to gamble you need to be a good mathematician

How come? Does the probability of winning in a gambling game rise because you're good in math? I don't think so. Winning or losing in gambling is not at all connected to how well you compute. No amount of computation would make you come out of a casino a winner because you're a good mathematician. Unless you refer to blackjack and you're a math genius with amazing memory skills. Other than that, even the most brilliant math wizard can't compute his way to win dice, slot, roulette, lottery, etc.

[TheGreatPython]

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

Have you tried both of them, I guess you have not, I have tried both of them and my opinion is you're not in a good position to make money from gambling than MLM, MLM is far better than gambling on gambling you can bet your money and its 50/50 chance to win and if you're having a bad day the house edge will play out and beat you, on MLM if you have good marketing skills and you can make money from MLM, there are good and bad MLM but your chances to make money from MLM is better and if you did not make money from MLM you have their product or service as a consolation, on gambling you don't have a consolation,  you lose everything.

There are types of gambling that are not based on luck but they are based on skills and knowledge and there are successful gamblers that can make money out of them and they can treat it as a way to earn a passive income. When it comes to consolation, it also exists in gambling.

Don't forget we have rake backs and other forms of bonuses that we can get either per week or per month but the amount can depend on your wager and on what type of games you are playing but it in the end it's only about skills as you said. If you know that you are bad at those skill based and knowledge based gambling no matter how much you try then you can try making money in the form of these mlm schemes.

[Jemzx00]

Same as the MLM function people have begun to connect cryptocurrencies with MLM. Even in my country certain groups are functioning with the same thing promoting that payments will be in terms of bitcoin. For the participation some tokens have been given. While checking I haven't seen on any of the top exchanges.

MLM programs has already been connected to cryptocurrency way back when doubler services was a thing on my country. These programs are like pyramiding schemes however they have a legitimate product to sell whereas a uses can either join or invest on their programs. Since most of the revenue of these programs are from referral, they tend to fall down in the future.
As for OP's topic, I don't think that these MLM and Gambling are the same as MLM are more like a risky investment and Gambling is more on casino or esports bettings.

[noormcs5]

Same as the MLM function people have begun to connect cryptocurrencies with MLM. Even in my country certain groups are functioning with the same thing promoting that payments will be in terms of bitcoin. For the participation some tokens have been given. While checking I haven't seen on any of the top exchanges.

MLM programs has already been connected to cryptocurrency way back when doubler services was a thing on my country. These programs are like pyramiding schemes however they have a legitimate product to sell whereas a uses can either join or invest on their programs. Since most of the revenue of these programs are from referral, they tend to fall down in the future.
As for OP's topic, I don't think that these MLM and Gambling are the same as MLM are more like a risky investment and Gambling is more on casino or esports bettings.

MLM schemes are totally a scam because they are built to give profits to only those who invested early in those schemes. Many people are now aware of MLM schemes and they usually avoid MLM schemes.

Gambling, on the other hand, is altogether a different thing. Gambling is not itself a scam and it gives to equal opportunity to try your luck to win money. You can lose too but you get an even playing field.

[judeafante]

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

If you lose from gambling that's because you're not lucky if you lose from MLM that's because you're lazy, I have been a member of MLM some years back and made money because I am good at recruitment and the MLM I'm in has a good brand name, I don't see the comparison, your chances to make money from MLM is good compared to when you are betting in dice or slots, its luck and having a good sales talk.

[swogerino]

Multi level marketing I think is something that has seen its user base during these late years fall down in a dramatic way.That is because most people cannot really make money in MLM and sometimes MLM are often run by shady people who do not honor your efforts if for example you could recruit some other people,they are extremely similar to HYIP (High Yield Investment Profit) which is 100% of a scam nowadays.

In gambling you have the provably fair factor implemented in almost all the reputable casinos and you know that the casinos,the reputable ones will honor your winnings no matter how big they are,that is a distinct difference between the two,in gambling you decide to play and you will get to know if you won or lost in a very short amount of time while in MLM it could take years for you to make any affiliate and even then,the site to have gone offline or to scam.

Gambling although very risky at least is not a scam while MLM and HYIP are in most cases run by shady people who scam other people.

[Davidvictorson]

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

This is a funny question OP. There's no way on earth is that there is a correlation between MLM schemes and gambling. No way. I mean in gambling you're not selling or marketing a product. In gambling you could lose a lot of money and run into debts if you losing a game. This doesn't happen in MLM schemes. In fact the most obvious difference is that in gambling the odds are not in your favour. I can't say the same for the an MLM scheme where the harder you work, the higher you grow.

[bitzizzix]

MLM is multi-level marketing, where when we succeed in recruiting people or selling goods we will be given a bonus, as well as when we succeed in recruiting people or selling a lot of goods, the bonus will also be large.
Gambling only involves us with bookies and bets that only rely on luck, if we are not lucky we will lose or lose money even in an instant.
both have different jobs and processes depending on skills in gambling as well as hard work in MLM.

[Gianluca95]

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

I think that this is totally no sense question. Multi level marketing is a kind of marketing where people upper to you earn based to your results, and so on. Gambling is playing in game by challenging a casino and at the same

time trying to win. Where do you have heard that? Maybe the one that has told to you this was drunk 

[qwertyup23]

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

MLM and gambling are two different activities but involve a whole lot of risk.

One might argue that a person "gambles" his money away and invests it on MLM schemes that offer higher returns compared to your usual investment plan provided by banks, etc. Gambling, on the other hand, is an activity where you risk your money through the participation of games, cards, etc. Their biggest difference is- MLM is an "investment" type of platform while gambling is an activity platform.

Both involve high amounts of risks but generally MLM schemes are typically created by shady companies in order to extract resources from you.

[ethereumhunter]

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

If you lose from gambling that's because you're not lucky if you lose from MLM that's because you're lazy, I have been a member of MLM some years back and made money because I am good at recruitment and the MLM I'm in has a good brand name, I don't see the comparison, your chances to make money from MLM is good compared to when you are betting in dice or slots, its luck and having a good sales talk.

Of course, making money from MLM can be better than gambling because, in MLM, we offer something that may be useful for other people. Whereas in gambling, we use our money to make money. But unfortunately, we can't always win. This will be related to our luck and we have seen many examples where people can't always be lucky at gambling. MLM schemes are not gambling unless you join an MLM, which offers you to earn huge income by simply depositing money. It's not MLM but Ponzi (if I'm not mistaken).

[chaser15]

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

This is a funny question OP. There's no way on earth is that there is a correlation between MLM schemes and gambling. No way. I mean in gambling you're not selling or marketing a product. In gambling you could lose a lot of money and run into debts if you losing a game. This doesn't happen in MLM schemes. In fact the most obvious difference is that in gambling the odds are not in your favour. I can't say the same for the an MLM scheme where the harder you work, the higher you grow.

Not true. There are worst things that happened in MLM too and one of it is the one you just mentioned, running to debts.

Do you think there's no such thing happened in MLM? Didn't you know that users there is aggressively promoting the referral bonus to the point that they will show big money, cars, houses that expected to earn when people joined that scheme.

MLM will be success if you work harder? That's impossible as MLM only gained revenue when there are new users coming. I don't see yet a successful products alone that makes the MLM success. It's always should need new referrals.

[Johnyz]

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

What kind of products are you selling in Gambling? If none then I don’t see any connections between this two.
Seriously, gambling is more on a scheme of the house but not MLM, this is their system business and casinos don’t need to sell any products here because gamblers will still come them. While in MLM, you have tour product and you have to get more agents to sell those products, there’s a big difference here.

[samcrypto]

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

I think that this is totally no sense question. Multi level marketing is a kind of marketing where people upper to you earn based to your results, and so on. Gambling is playing in game by challenging a casino and at the same

time trying to win. Where do you have heard that? Maybe the one that has told to you this was drunk 

Most probably he is referring to the gambling agents here who are looking for the players so they can earn the commission but honestly, I also don't think any similarity with this one since from the word Multi level marketing, that means they are selling a product and have the scheme who ever goes on top will always be a high beneficiary on this kind of business. Gambling is not an MLM, they don't need so much about marketing since their business is to provide good service to gambler and in return, they will earn some from the money of every gamblers.