Is betting a scam?

[Berryfolia]

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.

[Charles-Tim]

First, betting is not the same as gambling. Your topic title is about betting while your post content is about gambling. Betting for contest like elections and sport matches. Gambling for casino games.

Second, why asking the question when you know already that gambling is not a scam? We all know here that gambling is not a scam but it is risky.

[Agbamoni]

Am glad you know the answer to that question. It's like calling investing or trading a scam just because there is risk involved, and the house have winning edge over the gambler. The most reasonable point to why gambling is not a scam is because no one is forced or persuaded to gamble. We are giving the platform with intriguing offer very difficult to reject like they do in most casino platforms. So, it is your choice to make if you want to gamble or not. If gambling is a scam, you will be restricted to withdraw the money you win after gambling. 

[peter0425]

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.

People are consenting to risking their money because they have a chance of winning as well. People always focus on the fact that you lose in gambling and then have a hard time understanding why would people want to gamble but the answer is pretty simple: the possibility of winning, though may not be that high, is still attractive enough.

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

Gambling is closer to being a risky investment than to being a scam. No one tells you that you will win for sure in gambling. But it is possible.

[lovesmayfamilis]

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

Oh, you probably don't know any good scammers, OP. Some professionals will deceive you and take all your money, and you will still be grateful to them. Manipulation is widespread these days; various hypnosis techniques make people believe scammers for a long time, and the police have to prove to the victims who were in front of them. However, you are right that if you look at gambling as entertainment, such as, for example, going to the cinema or a bar, to places where you still have to spend money one way or another, then the loss that happens in gambling can soften the understanding of losing money if you transfer the whole situation into the mainstream of entertainment.

[Russlenat]

It only feels like a scam if we lose and we’re not enjoying it. But if you understand the math, it’s clear the odds aren’t in our favor. They run the show; we’re the customers. And of course, the one providing the entertainment is the one making the real profit.

But why do we keep gambling? Simple - we love the thrill of trying to predict the outcome. We’re not dumb. We know we’re likely to lose… and yet we still do it.

Take it from me as I’ve been gambling since I was a teenager. I’ve lost a lot of money over the years. And guess what? I’m still at it.

Because honestly… life’s boring if you don’t take a few risks.

[STT]

I classify all risk as the same unknown kind of involvement often with money, in our sector its done for fun and it should be fun as its a game you can choose to play or not on that basis.

  Risk overall cannot be avoided and so I didnt sleep through Maths class it was my best class and I specifically studed statistics, probability and data analysis for 2 years with a top passing grade as I enjoyed the class so much.

 It is the most applicable maths subject as every other subject from engineering to politics involves probability in terms of planning and feasibility.  Its not just closing yours eyes while throwing darts, you can play how you like of course.

[DaNNy001]

You have answered the question yourself, betting isn't a scam...as someone that has decided to place a bet you are always doing it on your own free will, no one is compelling you to do it and nothing is being promised to you... you are fully aware of what you are signing up for, it's only a scam when you are being deprived of your wins and this is something that rarely happens..everyone that puts their money into it knows the risks involved and some are even entertained by it.

[memehunter]

lol! 
You asked a question in the title of your post and answered it in the very first line. I might have interpreted it as a different form of engaging members in some fruitful discussion but every line of your post seems assertive and definite. You cannot talk in absolute terms regarding betting (gambling). You have to understand the difference between -ve and potentially +ve bets rather than painting the whole gambling industry with one brush.

 

[Sanitough]

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.

[YOSHIE]

Is betting a scam?

In my observation the gambling and betting industry can all be mentioned, namely the calibrated market, meaning that whatever happens the dealer must be benefited in every game or Bets, the purpose of the bookie gambling user can return to round 2, three and so on, the end of your story is bankrupt and die.

You need to remember, for example you place a bet in sports gambling, the dealer does not have to commit fraud and they do not need to cheat the user, if the betting is a real Basic Mathematics 1+1 result = 2, mathematically it is impossible for the dealer to commit fraud for you But with you placing a bet on the round 2,3,4,5 and so on that's where little by little your bet starts to disappear because your bet does not win, that's how the dealer treats you, you are made as comfortable as possible it can happen in slots, poker and so on.

[Cityhunter34]

As far as I know gambling is not a scam. Although sometimes most gamblers used to see gambling as a scam due to the fact that they want to become rich quick through gambling. It's very essential to understand that one can never get rich quick in gambling, no matter how you do research before placing a bet would never make you to win easily. However, that is the reason why is  always necessary to view gambling as an entertainment or having fun, by only using the amount that you can afford to lose. because there is no guarantee of winnings in gambling.

[Wexnident]

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.

Man couldn't have worded it better. A lot of people seem to think that gambling is somehow something that they can take for granted, that they're entitled to win at a certain point. It's not. Only the casinos and bookies themselves are entitled to that and it's called house edge lol.

And in most cases, only emotions actually trigger on us explaining stuff so I guess it's no surprise that some people consider it a scam. I mean it is only one when they lose lol. Understandable yes, relatable yes, reasonable? Not so much.

[danherbias07]

I have never thought of it as a scam unless it's a really scammy website. But those with a reputation are definitely just offering a gambling service, and they don't have any control over what a gambler will do. Sure, we must initially accept that we are going to lose, and with that in mind, it will become less stressful to deal with losses.

The problem is that there are gamblers who have made it a very bad habit, and they are expecting something in return. These are the people who will maybe think of gambling as a scam without even accepting the risk they took before they place the bet.

[Obim34]

Governments won't license scam, if gambling is a scam there would be take down of all sites. Gambling is an activity by choice, see it as entertainment or a little way of getting top ups on amounts that can be afforded to lose. Gamblers should know much about gambling, they should be aware of the reasons to gambling, risk to face during gambling and that whatever tactics use it still won't keep them ahead of the platform, Casino's and betting site always has the advantage of making more. If anyone feels otherwise then they should avoid gambling.

[Wapfika]

First, betting is not the same as gambling. Your topic title is about betting while your post content is about gambling. Betting for contest like elections and sport matches. Gambling for casino games.

Bets was initially introduced for money placed on any gambling games including casino, sports betting and other type of gambling. Betting is just widely used on sports betting nowadays.

If you will play live casino, You will hear dealer saying please place your bets on the start of each round.

Second, why asking the question when you know already that gambling is not a scam? We all know here that gambling is not a scam but it is risky.

I was confused too on the intention of this thread. 

[Hatchy]

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

Your title kinda misleads. It seems you were asking a question but instead answering. Also you should know the difference between betting and gambling as even those they kind of look same, one is for events while the other is for a short term game controlled by algorithms. I think anyone who calls gambling or betting a scam is to me is not responsible enough. Remember no one forces you to gamble, it's a risk you take at your own will. So calling it a scam seems to me like someone had introduced you to the whole thing and took money from you which was lost or stolen.

[gunhell16]

I wonder where betting became a scam? Honestly I don't see anything that this is a scam, we bet because this is what we believe will come out of the games we choose.
What also becomes a problem for other gamblers, when they experience losses at the casino, this time they think that they were scammed by the betting games they played, which is wrong.

This kind of mindset or thinking should be changed, because some people say that if we gamble at the casino that means we will just throw away money
and we accept it that it will only be lost in gambling.

[acroman08]

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

It's more like a scam would be something like someone is purposely deceiving you to get valuables/assets/money out of you, with or without your consent.

to be honest, I am not surprised that there are poeple who consider gambling a scam, I mean, a lot of people who gamble don't udnerstand house edge and think that they are being cheated becuase they kept losing. there are also people who do not gamble but understand gambling enough that games at casinos may they be offline or online are stacked against the gambler and that's why they think it is a scam.

[EluguHcman]

The answer is “NO”
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.

Point of correction,  gambling for a long time will only give you probability chance of winning that is... If you have not been possible to win in a short run.

It is important to note that winning in a long time after several looses does not mean you have made profits because you can only say to had made profits in gambling if only your winning value is higher than your looses.

Imagine loosing $10 in 9th rounds and you wins $9 in the 10th rounds, then you are only recovering from your lost and does not mean you are profited.

Although it is disregarded not good outcome to chasing your lost but must know that not all wins are termed profits not until your winning odds is higher than your looses.

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 is not a scam because you are not tricked or manipulated before you gambles and even when you gambles, you get a realistic outcome and of which, every bookmakers has has it form of displaying a bet result which you are agreed during when you are signing in to the gambling site respectively.

So, gambling is not a scam but a gaming events that can be competitive or daring activity that bettors is potential to win or lost it staked values.

The terms and conditions of understandable funds after staked is also made visible for players and no outcome of the events takes players unaware therefore gives gambling a backup of not being a scam.