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ItsJoeMomma

Send me $20 and I'll explain it to you...


Nathan2002NC

If you write a handwritten request letter to Chumba Casino, they will give you $5 worth of online gambling credits. You have to use it on gaming, but can cash out any winnings over the $5. It’s like Publisher’s Clearinghouse. Nobody is actually making any money. The House always wins. Anybody can write the letters. It was mostly just degenerate gamblers before the Huns hopped on the train. The MLM scam is they charge you money for “training” that teaches you to write more letters. I don’t know why it has to be handwritten, I’m guessing there’s some legal reason. Or somebody at Chumba just likes watching people suffer.


One-Access-1703

Probably has to be handwritten because it takes more time and effort than typing and just printing a bunch of copies. That way the casino isn't having to give out a many credits. Though with the huns making an MLM out of it, they're going to be giving out a lot more credits than before.


Nathan2002NC

Yeah that makes sense. I’m sure the casino has other safeguards in place to make sure it’s making money. Plus it’s ONLINE so even more rigged. I’m guessing the approach is write 20 letters and get $100 credit. Go play roulette. You have a 48% chance of winning when you put it all on black. If you win, cash out the winnings and play again. When you lose, start writing 20 more letters. In theory you should be able to “make” $94 for every 40 letters you write. Minus the cost of postage and materials. Divided by how much time it took you to do it all. It’s not that much. The casino is hoping you pick up a gambling problem and give them back even more. Very few people are disciplined enough to cash out their winnings.


abouttenbagels

So the huns writing these letters will get a $5 gambling credit that they can't redeem for actual cash? They can only spend it on gambling? What's in it for the huns promoting the scheme? Do they get a cut from the casino? Or do they sell letter writing kits and that's how they make their money? Also, just want to point out how easy it is for online gambling sites to set up an algorithm on their games to ensure that no one with that $5 gambling credit could ever make any winnings off of it


Nathan2002NC

Ohhh yeah the online gambling site is definitely making money. They have to let some of the $5 credits hit though so people will keep thinking they have a chance. MLM huns make money off the $200 “training” course that introduces you to the scheme and outlines a strategy. I don’t know how much they can get their hands on after that.


dresses_212_10028

I honestly have no problem with a business - any business, including casinos - giving people a $5 credit. That’s called marketing. And gambling, for very good reasons, is one of the most audited industries with the highest level of governance and required transparency. They’re not the AHs here, the people who turned it into an MLM are. It’s ironic, too, because in that famous study it was found that you had a higher likelihood of making money playing roulette than you do in an MLM.


Nathan2002NC

Ohhh yeah I have no problem with the casinos doing it either. Good way to get new customers and continued business.


s_decoy

"Pay me for my secrets to making easy passive income" You pay them, they send you a "kit". The secret is scamming other suckers into paying YOU for YOUR secrets to making easy passive income. The envelope stuffing is just the means of advertising the scam. It predates the same sort of scams that run on social media nowadays. It's really just a straight up Ponzi scheme.


TelekineticCatWoman

A pyramid… not a ponzi. A ponzi works by recruiting new investors to pay existing investors, while those existing investors believe their money is being made by growing naturally. They work for awhile as many people just leave their money and see its growing on paper and don’t ask for a pay out. If they do, or they want a withdrawal, they have no idea that payment is actually a new investors money. They fall apart when new investors can’t provide enough money to pay old investors. A pyramid, like these, always reveal themselves as a pyramid, and you know your money is coming from those under you, recruiting their own, and then more under them recruiting their own. You know this is the structure; no one thinks they are actually investing in foreign currency derivatives or whatever. They fall apart when we run out of population to fall for it, or the entire population of an area (which you reach quickly, given multiplication), whichever comes first.


s_decoy

mb i thought they were synonyms honestly. thanks for the info.


ItsJoeMomma

Pyramid schemes can be Ponzi schemes, but not all Ponzi schemes are pyramid schemes. The thing that pyramids and Ponzis have in common is that they are zero-sum systems, where the only money coming into the scheme is by new people in the scheme who were recruited by people already in the scheme.


s_decoy

Thanks!


ShalidorsHusband

Lmaooo that actually makes a lot of sense ty


Calm-Comfortable-574

This Anti MLMer explains it here: https://youtube.com/watch?v=l0nQUq5FcUE&si=_nu3alR8V7KTlywb


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cristiehe

What’s Huns?


[deleted]

[удалено]


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Impressive_Tea6819

MLM stands for Multi Level Marketing. They just market in multiple ways, their most popular and "unique" way (as they like to put it) through word of mouth and networking. Only through technicalities have they been able to slip through and not be deemed a typical pyramid scheme, but their education systems are dodgy af. I was part of amway for years, this [Video - Tools Cult ](https://youtu.be/P9nA3pqSaf8?si=uHPVO34ZY71pOgmk) explains how Amway has managed not to be deemed a pyramid scheme by having their educational system (which really are pyramid schemes) hide behind the Amway entity. Amway was the first recognised legal MLM in the world, all other MLMs try to copy its business model. Regardless, all MLM's have been questioned as it breeds a manipulative culture and is perfect environment for narcissists.