Gambling apps and websites promise entertainment, excitement, and the chance to win big, but these apps and websites just ruin your money and life. Gambling apps are most popular in the middle and poor classes because they think they can earn a big amount of money in less time; instead, they lose their money instead of earning money.
Now the question is, have you ever downloaded any gambling app? How much money did you lose/win in these apps? Well, there are so many questions related to gambling. Let’s uncover the hidden dangers and learn how these gambling apps trap you and you lose your whole money in the hope of a big win.
What are gambling platforms?
Gambling is popular because of “earn a lot of money in less,” but they work opposite; their real meaning is “lose a lot of money in less time.” Well, I said this because their whole business works around this. Gambling is mostly popular with middle- and poor-income people because, as I said before, they promote their app/websites by saying, “Earn a lot of money in less,” but they are totally opposite this.
Gambling is just like drugs. If you just try one, then you get addicted to this because they introduce weekly events, offers, and provide money vouchers to every user. Most of the users in gambling lose their entire savings in gambling and very, very rarely earn money. I think just because these apps or websites don’t want to lose trust among the people, they give a win to any one user every month.
So because of this, many think if they win, they also win one day. In this they lost their whole savings. Well, there are other reasons gambling apps are popular worldwide: the “younger generation.” Well, they don’t like to do hard work, but they spend time on these useless apps/websites, and they lose their parents money. This type of gen takes money from their friends just to earn money in gambling.
Now the question is, “How did these gambling platforms rise?” Let’s uncover this question.
Rise of Gambling Platforms
As we discussed before, the tagline of these gambling platforms is “earn a lot of money in less time,” which attracts middle-class and poor-class people in large amounts because these types of people don’t want to work hard or don’t want to learn any skills; they just find simple and easy ways to earn money. Gambling platforms also like to promote their apps or websites to these types of people.
Now the main question is how these platforms gain massive popularity in less time. If you think deeply, they promote their platforms through high-profile people like cricket players and film stars. These platforms give a lot of money to promote their platform and earn from middle-poor class people.
India is the biggest market for these platforms because the Indian audience highly follows their idol or any popular person without any research into whether they promote the right websites or not; they just follow them like stupid. Most of the gambling platforms are made just for India and promoted by popular Indian actors or sports players (cricket). I think India’s younger generation must use their minds and stop playing online gambling. Well, in India casinos are banned, but online gambling is promoted at a high level.
If you want to know my opinion, I highly recommend not using gambling platforms. They give many vouchers or offers, but you never play because once you play, you get addicted like a drug. In the first stage, you win small; after that, you earn confidence and deposit a big amount in these apps or websites, and then you start losing and lose all your money. Again, you deposit more just to recover previous money, but you lose that money also, which affects your mental health.
Risks of Gambling Apps/Websites
a. Financial Risks:
In these platforms, most of the people risk their entire savings just for a win in this app/website, but they lose, and then they deposit more to recover the previous one, but again they lose big. 99% of users lose their money in these apps; only 1% win, and this 1% becomes motivation for 99% to win in gambling apps/websites.
The other reasons for financial risk are that if you win, you become that 1%, and your winning amount goes to their hidden fees, taxes, or any other charge. At the end, who wins the game? They also do not get so much amount as they claim in their ads; on the other hand, they become an example for 99% of people: if this person wins, so I also win.
b. Psychological Impact:
Have you ever thought about why these gambling apps or websites use bright colors and give rewards? The answer is very simple: they trigger you or play with your psychology. Bright colors take your attraction, and you spend hours on these platforms, and you don’t know how much time you spend on this platform.
Now the other question is why these platforms give rewards to their users; the answer is very simple if you think deeply: because they just want to hook their users and want new users they introduce and trick to hook users and gain new users on a daily basis.
c. Security Concerns:
I have a question for you: Have you ever thought about how we give our information to these apps and how they use your information? If every user of this app accepts the terms and conditions without reading them and risks their private information, how do they use their information in any way you don’t even know?
If you download any one app, then you think about how ads for other apps come into your feed. Well, the app that you use shares your information with other apps, and they introduce new offers to you, and because of the offer or bonus, you download other apps and log in.
If you make these mistakes, be careful; you risk your sensitive financial information, and they steal user data or rig outcomes. “BE CAREFUL”
What Tactics Are Used by Gambling Platforms to Trap Users
- Welcome Bonuses: The most popular trick followed by mainly every app or website is welcome bonuses, which directly trigger your because most of them just log in to these apps or websites just to use these bonuses and want to experience the app.
- Near Wins: The second most commonly used is near win, but in reality, you never win. In this they show you just win or almost win because you deposit more money in these apps or websites, but you lose again and again. It never ends; it’s just like a loop where a user is stuck and never comes out.
- Push Notifications: Every gambling app or website push notification creates a FOMO among the users where they notify you about new offers or new winning amounts they introduce. Because of this, most of the users lose their money.
Well, these are most used for common tactics used by every gambling app or website and trap their user and gain massive new users on a daily basis. I highly recommend that you never, ever use this app or website.
Tips to Protect Yourself from Gambling Platforms
If you ask me, I highly recommend never downloading these, but if you download these, then you use these to give tips to protect yourself from online gambling platforms.
- The best option is to delete these apps permanently. For a few days you feel uncomfortable, then you get normal, but it is hard to follow their tips, which I have given.
- Limit time and money spent; track your time and money spent on these platforms; if you track your time, then you control it.
- Avoid linking your credit card or digital wallets with these gambling accounts because if you pay with your credit card, then high interest destroys your financial life, and it becomes very hard to get out of this.
- Use technology to control your time spent on this app, like screen time, so you get an idea of how much time you spend on these platforms and turn off your notifications of these platforms so they are unable to create FOMO among you and you avoid depositing your money.
- Never take a loan or borrow from your friends just for online gambling because this will destroy your relationship with your friends when you are unable to pay back their money.
Conclusion
The best ways to avoid online gambling Never install these and block them where you see their ads, and never follow any popular use of your mind that he/she promotes meaningful apps or websites to you. If they promote online gambling, they unfollow them and focus on doing hard work with full dedication and consistency.
If you are a teenager and want to earn with study, then never use online gambling; if you earn, then read my blog on “https://luminateyourmind.com/how-teenager-earn-money-what-expert-recommend-on-it/” and learn the skill that I mention in this blog. This blog helps you a lot.
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