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Is internet gambling a ponzi scheme?

In: Companies, Ponzi Schemes [Edit categories]

Answer:

No. It's gambling OK, but not much different to going up to a bookie and placing a bet with him. A ponzi scheme is one which lures you with, say, high returns, but these returns are paid out of new money coming in, not necessarily out of good investment returns.

First answer by Cryptogram. Last edit by Cryptogram. Contributor trust: 41 [recommend contributor ]. Question popularity: 2 [recommend question].

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