Post
Topic
Board Gambling
Re: Chips.gg |🎰 100k Event | Daily New Slots |
by
fullhdpixel
on 06/08/2021, 21:25:13 UTC
There is a HUGE difference between gambling and investment.

In investment you do not have any type of "guarantee" to lose money at all. Whereas in gambling there is a guarantee that you will lose money.

So the difference is that, if you buy this token then there is a chance you may make money or you may end up losing money, but if you gamble, as long as you keep gambling there is 100% guarantee that you will end up losing money, all because house edge, sure there could be some sort of luck involved which makes you win in the middle of the situation, but at the end of the day you are talking about something that is only good for a moment, then you will keep losing in the future.

So long story short, a person who gambles here to make more chip right now, may end up not gambling and not risking and end up buying chips because it is less riskier method.
I wonder if people actually see difference between investing into a casino and investing into a coin as a different thing? I mean when you invest into bitcoin for example, the main logic is that in long period of time you will profit, sure maybe there are times when it goes down but in 10 years there is a huge amount of people who think it will be higher, and that is why investing into crypto currency is a bit different. Whereas in a casino there are times when you win because of house edge, but there are times a gambler could win big there and you may not win at all as well, depends on the situation.

Look at bustabit, people have been making money there for a very long time, but look at yolodice, they bankrupted basically and nobody really made way too much there. So maybe investing into crypto could be investing, but investing into a casino could be a bit more like gambling for some people?