4 ms·
It’s a scam when the house takes $1 from that $100 each time. These unlicensed internet gambling halls most certainly take their cut, whatever that amount is.
by mint5 5mo ago
It’s a scam when the house takes $1 from that $100 each time. These unlicensed internet gambling halls most certainly take their cut, whatever that amount is.
- scottyah 5mo agoIt's only a scam if they don't disclose that. If the house brought the two people together I'd say it's fair as services rendered. I don't get mad when a bar charges more than the base cost of the alcohol.
- HDThoreaun 5mo agoYour definition of scam is terrible
- mint5 5mo ago“ If you and I flip a coin for $100, there's no scam.” statistically over a time with a fair coin, they’re coming out even. Add in the house taking a cut each time, now everyone but the house is guaranteed to lose. Sounds like a scam to me
- HDThoreaun 5mo ago> now everyone but the house is guaranteed to lose. Gambling is about more than making money. Most gamblers do not expect to win, they do it because its entertaining. Paying $1 for the opportunity to participate in the coin flip is something many people are happy to do. Negative EV does not equal losing because you forgot to include the entertainment value. Scams involve deception. There is no deception in a business that is upfront about taking a fee to match gamblers.
- mint5 5mo agoIf gambling wasn’t about the money then it wouldn’t be centered around money.