is this similar to a ponzi?
ponzi? why? I thought this was a binary site.
I get winning payout instantly. It also has dice like games. How can this be a ponzi?
Did people get that stupid to not know what a ponzi is?
yep, this is not a ponzi, it is like a gamble game between customers and casino. And casino has 20% high edge.
20% really? I don't think that is true. You can just read the news and bet. I won some like that. If you have some sense and a bit of luck, you can get the edge to be negative even.
I usually bet on oil, gold, currencies.
If you bet 1 minute, it is a total gamble, I think 20% edge is correct, because you lose 100% of money with a wrong bet. We can bet with news or something, but important news is not released in every second.
Like last news, CHF suddenly rise against EUR/USD, but CHF is not rising all the time, you may lose your money because of rebound.