Ponzi Mindset in Sports Betting

[mirakal]

How exactly gambling looks Ponzi from which angle? I am not a regular gambler; I might miss something. Please point me in the right direction. I know gambling sites offer free games or bonuses sometimes, but it doesn't look Ponzi-style to me. Because you aren't paying something for a fixed return, or there is no pyramid.

Greed could destroy no doubts, but I think there are no chances of a Ponzi. If someone launches gambling sites with Ponzi schemes, then definitely it should be avoided; there is no way to trust them. Otherwise you need to just care about free offers or bonuses; you have to look for something else behind the bonuses or free offers.

This is not about free games or bonuses, I am specifically referring to betting lines in sports.

Sometimes we easily make a conclusion and bet on one side without carefully analyzing why the line looks too good to be true. The right thing to do, if you really understand the game, is to analyze and estimate what the bookie would realistically offer.

For example, if you think the line should be -3.5 for a specific team to win, but instead they are given the opposite at +3.5, then you should already question that line. There should be a reason behind it. You investigate first. If you are not convinced, then don’t jump on it, because that could be a trap.

[Samlucky O]

Sometimes the line looks too good to be true, so you jump on it fast thinking it’s a free win. But most of the time, that’s the trap. Same with Ponzi schemes, if the return looks too good, there’s probably something wrong behind it.

Exactly why Gamblers lose most of the times. When the game look so good to be true, people need to apply caution. But however when it looks too good it encourages you to continue the process, thinking it may really workout, but when we lose we begin to regret why we didn't see the lines early enough. I have made some bet and see the potential winning amount that I will get in return, I already knew it was risky with the kind of accumulated odd, but I just continue placing it and motivating myself that it is better taking risk than not taking at all. And I will lose it and say it's part of the process. So most times we know the risk how ponzi it may look but we just continue because it look so good to be true, and we just try and hope a dream becomes a reality.

[Findingnemo]

Let's look at the meaning of ponzi, when the organization pays the existing investors from the funds they collected from the new investors so I don't understand how you related that to Ponzi here.

But nothing is fake here, the line moves according to the game so if you get caught at the wrong time by thinking that you are almost winning this a risky move though.

[Fortify]

Sometimes the line looks too good to be true, so you jump on it fast thinking it’s a free win. But most of the time, that’s the trap. Same with Ponzi schemes, if the return looks too good, there’s probably something wrong behind it.

I think many bettors experienced this already. You saw a line that looked easy, trusted it too much, then it ended in a loss. That’s why mindset matters, greed can make you ignore the red flags.

It's true there are some parallels in the psychology between those two topics, but generally scams will hit you once before you wise up and they're not always able to take extra when people wake up the next day starting to question what they put their money in. There is definitely a suspension of reality that takes place, where people wish that they could be super rich and that makes them forget that the odds are incredibly against them. In fact even if they won big a bunch of times they would still ultimately lose all their money because people tend to pour it straight back in again hoping for even more. It is primarily driven by greed though and that is a human nature inside all of us, yet some are better able to control it through rational thinking.

[Mr Reporter]

I think many bettors experienced this already. You saw a line that looked easy, trusted it too much, then it ended in a loss. That’s why mindset matters, greed can make you ignore the red flags.

It was more likely laziness than greed. I was too lazy to check who the opponent was today and why the odds were what they were. Many people have fallen into this trap. I don't really believe that there are people who trust bookmakers 100% and blindly place bets. A certain amount of skepticism is necessary, otherwise, it will be the best system sponsor for the bookmaker itself.

I think most of you people are sounding unrealistic on this thread. There are some people that check the teams play history, but going for parlay which make them to be losing. Another thing is that because a gambler is checking the teams play history, thay does not necessarily mean that the gambler will have a positive year in gambling even if going for single games or parlay. It has always been advised that people should gamble with the amount of money that they can afford to lose.

Well some moments now I think it doesn’t necessarily mean you are checking teams history that should give you total confidence of winning a game, well i think it a big No…well don’t get me wrong it help players very much well but not 100% well at well even though you are very right most of the times..on each games the parlay still drops your chances of winning…and it a sure that people are still bleeding a huge on amount of money on them..just imagine one miss and all your chances and amount of money is gone so painful…

[Floxynice]

Whether we tag it as "the ponzi mindset" or not, it still does not change the fact that the gambler is still gambling away his money. In fact, when people invest in ponzi schemes, we say they are gambling away their money. Even though betting is risky and one needs to be lucky to win, what makes the difference between bettors is how attentive they are to details. These are part of the skills we say bettors have. Bettors who place bets while focusing only on the profits, without looking at the odds and every other detail surrounding the bet, might be chasing luck farther away from themselves.

[Kelward]

I think that Ponzi schemes are quite different from gambling greed, Ponzi is telling you to invest your money for quick profits which they actually give a few times but it is to lure you to invest with all your money and they will later shutdown and scam you. On the other hand gambling promises you nothing, you play and accept either a win or lose, ofcourse we know that it is mostly a lose that you will get so you're going into gambling at your own risk.

Their similarity is that both gives you hope of making profit very fast so you can put your money on the line with the hope of doubling it many times over, that is to say that they represent opportunities to make quick money and that is their trap.

[Gost ms]

Your comment reminded me of one thing. Casinos are seen giving 100 times and more profits, are they also involved in such fraud?

Many people are trapped in this fraud but they have not realized it yet and continue to gamble continuously and face losses. Some of the easiest ways to recognize these frauds are, promises of unnatural profits, pressure to make quick decisions, lack of government approval. If one notices these things, then he can protect himself from this fraud.

[Judith87403]

I agree with you, there are times before where I saw a match and based my bet on the moneyline and a lot of times that I lose it that's why I literally stopped looking at it and based it on the stats available to compare the two teams. Though I have a theory why it sometimes happen, I think some players experienced this on a decentralized platforms since the odds were based on the number or volume of people's bet for each side but if I am not mistaken sometimes these can be manipulated too. So sometimes or most of the time, it's better to rely on stats rather than the odds.

That's not a bad idea but its better for players to know that luck is the centre of gambling and controlling their emotions to make sure they don't get disappointed and start chasing after their losses, and thus, it will won't even last long, as they will start betting and thinking they can win from their stats and it will cause or make them to actually have problems  that will be of great negative impact to their lives and even extend to their families.

[Moreno233]

Sometimes the line looks too good to be true, so you jump on it fast thinking it’s a free win. But most of the time, that’s the trap. Same with Ponzi schemes, if the return looks too good, there’s probably something wrong behind it.

I think many bettors experienced this already. You saw a line that looked easy, trusted it too much, then it ended in a loss. That’s why mindset matters, greed can make you ignore the red flags.

There have been many times i saw games that felt like sure bets and I went all in and lost heavily. Last month I played a parlay of Inter Miami and Bayern Munic, both teams playing over 2.5 but despite how sure I was about this game that made me bet everything in my account, the game failed. This is another confirmation that nothing is certain in gambling and unfortunately,  I learnt fro experience although the lesson will stick in my memory for long.

[Jaycoinz]

Sometimes the line looks too good to be true, so you jump on it fast thinking it’s a free win. But most of the time, that’s the trap. Same with Ponzi schemes, if the return looks too good, there’s probably something wrong behind it.

I think many bettors experienced this already. You saw a line that looked easy, trusted it too much, then it ended in a loss. That’s why mindset matters, greed can make you ignore the red flags.

For me the way I can relate to this is when some set of people actually claim that some particular set of games are fixed or sure bet that can never disappoint and this type of games get some gamblers all hyped up that they even forget to check for the reality of how this is even possible and some even go as far as betting on these games with so much money believing that it's already gonna come out the way they had predicted and then the results go otherwise which now turns to a total blunder and burden to the gambler.

[Mahiyammahi]

Sometimes the line looks too good to be true, so you jump on it fast thinking it’s a free win. But most of the time, that’s the trap. Same with Ponzi schemes, if the return looks too good, there’s probably something wrong behind it.

I think many bettors experienced this already. You saw a line that looked easy, trusted it too much, then it ended in a loss. That’s why mindset matters, greed can make you ignore the red flags.

Match fixing in sports is nothing new, it has been happening in various ways for many years. Now the methods have become so smart and secret that it is difficult for the average viewer to understand. So the reality is that fixing has not stopped completely even today.

This is why you should never go all in on emotions when gambling. It is okay to play, but always maintain a limit. It is not wise to pour everything into it just when you are making a profit or the chances of winning seem high. If you can maintain consistency and risk management, these unwanted things will not be able to affect you much.

[programmer3666]

Sometimes the line looks too good to be true, so you jump on it fast thinking it’s a free win. But most of the time, that’s the trap. Same with Ponzi schemes, if the return looks too good, there’s probably something wrong behind it.

I think many bettors experienced this already. You saw a line that looked easy, trusted it too much, then it ended in a loss. That’s why mindset matters, greed can make you ignore the red flags.

In sports betting the bets that look too easy are sometimes the most dangerous because people become overconfident and stop thinking carefully. Greed can make bettors rush into high odds or sure games without proper analysis. Like when a very strong team is playing a weaker team and everyone assumes it’s an automatic win, only for the match to end in a surprise draw or upset. That’s why discipline and careful thinking are important in betting, because once something looks too good to be true, it usually deserves extra caution.

[danadc]

I can't deny that your thread caught my attention. The title is very clickbait-y, but you're right, when they say Ponzi schemes, it's something that can be very lucrative for beginners. But in sports betting, with signals and all that, what it means is that there's deception. There will always be deception if you see little effort and a lot of profit. Generally, I don't get involved in something like that because I know it will end in failure.

[Slow death]

Having the same mindset as people who believe they will make high and quick profits is a mistake in gambling. This is because when a person thinks they can make a high profit by gambling, they won't play with small amounts of money; for example, they won't bet 0.20 on a Plinko section with the highest multiplier because even if they win, they won't have a very high profit. Therefore, they will put a lot of money into each section, and this will cause the person to go bankrupt very early, accumulate a lot of debt, and end up committing suicide or going to prison.

[Chinesebaby]

Sometimes the line looks too good to be true, so you jump on it fast thinking it’s a free win. But most of the time, that’s the trap. Same with Ponzi schemes, if the return looks too good, there’s probably something wrong behind it.

I think many bettors experienced this already. You saw a line that looked easy, trusted it too much, then it ended in a loss. That’s why mindset matters, greed can make you ignore the red flags.

Ponzi and gambling are totally two different things altogether. They are never the same. Because in Ponzi schemes, users are been offered a reward too good to be true with a 100% return of investment assurance, unlike gambling whereby users are not been offered any assurance for whatever game they stake or bet on, but yet they still gambles with the hope of getting lucky when the outcome of the game goes exactly as predicted. So there is no mindset mentality there, as the only similarities both have is their ability to take high risk with their respective budgets or capital.

[Fredomago]

Though it's embarassing to say but yeah that's true, there's some instances that a gambler fall right away when seeing a good odds that being offered, sometimes they forgot about doing deeper research before jumping into it, and the outcome is not on your favor, it's always a must to do a research even if it's only to have some fun its still your hard earned money that you use , better to make a good use of it.

[Finestream]

Everything that looks too good to be true would definitely end up in a ponzi scheme. And there's no exception in gambling, particularly in sports betting. If you see guaranteed high returns, and you think the transparency to gain a free win is there, believe me it will certainly lead you to a big trap, and losses are waiting ahead that winning from your bets.

Ignorance will always put you at a high risk of losing. Betting blindly will never lead you to experience sustainable profits, but its pure losses to be honest.

[promise444c5]

They might look similar but they are mot same thing. In gambling, when you say the “ the line looks too good to be true”, I assume you’re referring to odds that come with different picks..I don’t know what you expect , make everything look easy so the Casino can give away free money to  every bet  .

They are also trying to secure profit just like you’re trying to secure a free money, so they need to play some psychological games.. you’re the one that should stand on whatever you want pick as your bet.
 
Ponzi is different and most people doing it knows it’s going to steal their money in one way or the other, they just want to get some free money and exit in time.

[Wakate]

Sometimes the line looks too good to be true, so you jump on it fast thinking it’s a free win. But most of the time, that’s the trap. Same with Ponzi schemes, if the return looks too good, there’s probably something wrong behind it.

I think many bettors experienced this already. You saw a line that looked easy, trusted it too much, then it ended in a loss. That’s why mindset matters, greed can make you ignore the red flags.

We can find this kind of experience with gamblers that are betting on odds not the game. Some players are controlled by the odd they are seeing attached to a team while the opponent might have a smaller odds. Some see this as a strategy but casino often make the odd larger for a weaker clubs to attract gamblers that are going to stake the bigger odds of the game.