Beware of IPL betting Apps
The cricket fever has started and in the next 1 month or so a lot of cricket is being played by the players around the world. It's good to watch cricket everyday but we have to beware of the betting apps which is not a zero sum game.
PC: Google.com
I am taking about Dream 11 and other betting apps where you can bet from as little as Rs 11. Now the thing is when you bet Rs 11 you can win Rs 20. That means it is not about you will get full 100% up when you win. And that's why it is not a zero sum game, you will lose even after winning and the betting apps always win.
Now the problem is with gambling is that you get addicted to it and lose big money. There are a lot of ads which shows how a normal person becomes millionaire and other things by betting in this apps. But trust me 99% of the people lose money and they lose big money. And that's true with any gambling site, the more you bet the more you lose. It's not about Rs 11 or Rs 49 using which you can earn a lot of money.
Once you start gambling with Rs 11 or Rs 49 and start winning, then you will start betting big Rs 1K or Rs 10K and thus you get addicted and might lose huge money too. So what we have to do is to not look for get rich quick scheme and thus use the correct way to make money.
People who things investing in Bitcoin is gambling, they also doesn't know the difference between investing and gambling. I and not addicted in investing in Bitcoin whereas gambling in these betting apps is actually gambling and it has addiction.
So in simple terms we have to beware of these betting apps because they are zero sum game as well as they are too addictive and in long term you will lose the money. The money you will lose will be quite big too. So be safe with these betting apps and get rich with slow and steadily rather than using get rich quick scheme.
The popular app is Dream 11 and it has 10Cr downloads that means there are a lot of people gambling and thus this post is just for the the awareness that it is the loss making app and we should not use it.
Posted Using InLeo Alpha
This is so thoughtful of you opening our minds to the danger of some betting apps if not all. I really appreciate you and your efforts in this
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