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qup 5 hours ago

Gambling takes many forms.

If you and I flip a coin for $100, there's no scam.

mint5 3 hours ago | parent | next [-]

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 2 hours ago | parent | next [-]

It'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 an hour ago | parent | prev [-]

Your definition of scam is terrible

testing22321 5 hours ago | parent | prev | next [-]

Sooner or later someone will rig the coin

chucksta 4 hours ago | parent [-]

Potential for fraudulent activity makes something a scam? That list is gonna be long

Tade0 3 hours ago | parent [-]

"Gaming"[0] companies are audited for the expected value each coin toss/slot machine roll etc. has - typically it's a high and unusually precise percentage, like e.g. 95.1681%.

The scam in is advertising, that emphasizes how much you can potentially win, even though obviously on average the house takes those few percent each time.

[0] A term they like to use to describe themselves.

hyperhello 4 hours ago | parent | prev [-]

Or a spherical cow.