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Do you think gambling operates like a ponzi scheme??
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[QUOTE="Ralphjoe, post: 74063, member: 23616"] Gambling and ponzi scheme a are two totally different things, the only thing that binds them together is that people incur much losses in the both of them, aside that there is no similarities among them at all. Gambling is the act of predicting the outcome of an event just by your intuition and probably historical results of the event. This doesn't always work out as people predict so they ends up loosing all the time, and when they loose, the betting company gain, it's a bad investment that anyone can invest on. On the other hand, ponzi schemes are acclaimed investment schemes that gives high rate of investment returns, some promises to double your investment in matters of days while other will promise you hours, the secret in these ponzi scheme is that they collect money from new investor and pay some of the old investor making it seem like they are real and paying, but it's a ploy, at the end of the day when they no longer get new investors, they will close up with investors money in their hand. [/QUOTE]
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