Casino-like apps have drained people of millions

Re:Casino-like apps have drained people of millions by xivzgrev on Sunday November 12, 2023 @10:00AM (#38240625)

What’s interesting is they offer no chance to make money. Instead once you start paying they give you access to special clubs where you compete against each other, have conversations, etc. but of course if you stop paying you lose access to all of these.

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Re:Casino-like apps have drained people of millions by xDetoursx on Sunday November 12, 2023 @10:12AM (#38240742)

So if you win, you can't cash out?

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Re:Casino-like apps have drained people of millions by mplewis on Sunday November 12, 2023 @10:49AM (#38241188)

These games provide no cash reward. This is clearly stated in the article.

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Re:Casino-like apps have drained people of millions by tarheels100 on Sunday November 12, 2023 @11:51AM (#38241840)

That's key because it shows how money isn't the only reward that can encourage unhealthy gambling behavior. It sounds like the victims express feeling of a sunk cost, knowing that if they don't maintain their status with additional purchases, all the previous money spent will have been wasted. If it took them $10k to get there, why throw it all away (and disappoint their "club") if you can keep it rolling for another $100?

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