Have you ever thought that it’s possible to make a lucrative career out of gambling on the Internet? I have a friend who has a hobby of playing poker through an Internet gambling site when we were in college. He began to win consistently and began make a bit of money over the next couple of years.
He also began spending more of his time on Internet gambling sites. Gradually,
he began to get better and began to know which players he could defeat and created an effective winning strategy. He was even able to bankroll his friends into playing so that he could earn more money. Satta Matka
After he graduated from college, he received an offer from the headquarters of a large bank and started working in the corporate world. However, he realized after a few weeks that he did not like working for a company. He began to think of the possibility of making Internet gambling his true career since he was still playing regularly and making good money. He decided to quit his job and ran with the idea.
He shared an apartment with a friend who was a medical student and continued to stay up practically all night playing poker online. Even though, he was not making outrageous money at the time, he was still able to pay bills and live comfortably by wagering his money through Internet gambling. Most of his friends were quite jealous of his gambling ability and initiative to actually make this a reality. Careers like working in a bank, going to medical school, and being a consultant certainly were not as entertaining as playing online poker. He decided to moved back home for awhile to save some money and to be able to “focus” more on Internet gambling.
After three years, he is making over $100,000 per year through his internet gambling “career”. He also gets free trips and comps in Las Vegas in actual casinos as rewards for playing online. He has even received job offers from online casinos to work behind the scenes. He declined their offers because he is not ready to give up Internet gambling. He told me that he has no plans in taking any sort of corporate job any time soon. After all, he really has no need to since he has found something he loves to do, and has made it his career.
There are two main generic scams continually circulating on the internet. One is the “advance fee” scam, and the other is the “Ponzi” or pyramid scheme. The first is epitomised by the “Nigerian Letter” fraud – which is essentially a promise of big bucks in exchange for processing fees to retrieve the money. This often involves receiving an email announcing you have either inherited or won a lot of money, and that you need to open an offshore bank account to retrieve it. The strategy is to suck you into the scenario to such an extent that you become emotionally wedded to it. Then, when you are asked to put up a fee to make things happen, you are already hooked and part with your cash without a whimper. The promoters then disappear with your cash, never to be seen again.
The ponzi scam is named after Charles Ponzi who came up with the novel idea of enticing investors with the promise of very large returns – and paid them out of new investors’ money. In the end, of course, the last investors lost their money, and the whole thing was exposed as a complete fraud. Some ponzi schemes are very crude – like the original chain letter. You’d think we would have risen above that one – but it keeps on resurfacing. However, most are now more sophisticated, often disguising themselves as an “investment” with unusually high returns.
Over the last few years such ponzis have sharpened their act, and now present themselves with smart, professional looking websites – plausible wording and an enticing sales pitch. The primary hook, apart from the promised returns, is the referral fee – if you recommend others. In this way, the modern ponzi can harness the viral marketing power of the internet in ways impossible in the snail mail age.