Post
Topic
Board Gambling
Re: HYIP = Gambling
by
eternalgloom
on 05/01/2016, 17:28:10 UTC
HYIP = GAMBLING = PONZI
So who be fisrt invest will be the winner  Grin Grin Grin
No, it doesn't work like that. In gambling you have no idea before the game if you will lose or win. Laws of probability and honest mathematical rules (which you accept) are dictating outcome of your game.
From the other hand Ponzi creator lies to you - and promises you huge reward - no matter what will happen; which is blatant lie as late adopters always lose.
Yeah I wouldn't go as far to compare a HYIP to gambling, since the owner can basically scam you at will.
There is no way to calculate the odds of when the HYIP will shutdown.