Online Betting & Fantasy Apps Exposed — Full Transcript & Su

[00:04] Hello friends, in the last few years, the popularity of online betting apps has grown rapidly in India. From big celebrities to YouTubers and even cricketers are now seen promoting them. They are promoted on IPL team jerseys,

[00:18] They are promoted on IPL team jerseys, thing is repeatedly said: how can you earn thousands of rupees, lakhs of rupees, even crores of rupees, all from the comfort of your home? But in reality, the purpose of these apps is the

[00:32] But in reality, the purpose of these apps is the opposite: to rob you of your money, to make you a gaming addict. In this video, friends, I will not discuss these apps by name, otherwise they will get the video removed citing copyright issues. Instead,

[00:44] I will explain their business model to you in a different way. Their traditional and original form is Kanoj Kanoj. What psychological tricks do they use to fool people

[00:56] and steal their money? Let's understand this in today's video. As you understand, you will see that similar tactics are now being used by these online betting apps. Going [music] The

[01:12] [music] The word "casino" actually comes from the word "casa," which is an Italian word meaning "house." If you look at American history, the old gambling establishments were

[01:25] called "saloons." Travelers often visited these saloons, met each other, held social gatherings where food and drinks were served, and people often gambled with each other. This small-scale gambling practiced during social gatherings is

[01:39] also common in India. Playing Tambola, for example, has been a culturally significant, harmless, and fun activity throughout history. Casinos were originally created for this purpose. Although their name remains the same today, their purpose is completely

[01:55] different. Now, their focus is solely on making as much money as possible, and this only happens when people are addicted to gambling. For any casino, its primary income source is its gambling. These gambling games basically fall into

[02:10] three general categories: casino games, gaming machines, table games, and random number games. Gaming machines, such as slot machines, are usually played by a single player at a time, with

[02:27] Table games, such as blackjack or crab, can be played by multiple players, and often these players compete against the house (the house here being the casino itself). These table games are organized by casino employees

[02:40] called dealers. Third, random number games, such as keno or bungo, in which random numbers are generated either by a computer or by an employee. Many casino games may combine aspects of these three categories,

[02:53] for example, roulette, a table game conducted by a dealer. Random numbers are also evolved in these games. You might think that playing these games is a game of luck. If you're lucky,

[03:07] you'll win some money. But looking at things from a casino's perspective, there's no game of luck here. No matter who plays the game, and how much, it's guaranteed that the casino will always win.

[03:20] All games are designed to ensure the expected profit is called the house edge. This is basically a probability

[03:32] that indicates how much the odds are in the casino's favor. Let's take the example of roulette. American-style roulette is essentially a wheel with numbers on the corners, from 1 to 36. Half the numbers are red and

[03:46] half are black. You bet on whether the ball will land on red or black. If your guess is correct, you'll win money. You think your chances of winning are 50-50. Yes, but if that were the case, the casino's chance of making a profit would be

[04:00] zero. If 10 people came to bet, half bet on black and half bet on red. Someone would definitely win that money. The casino wo n't get anything for itself. Therefore, there's a small detail that many people miss.

[04:14] This wheel also has two green zeros, where the number counting begins. A zero on one side and a double zero on the other. If the ball lands on these, the casino wins. So, whether a player chooses red or black, their chance of winning

[04:28] is actually 18 x 38, which is approximately 47.4. The house edge in any game is 2 x 38, which is 5.26. This means that, let's say,

[04:46] by people betting on a single role-playing table in a casino over a one-month period. The management of that casino She expects to earn a profit of around $50,000, approximately 1 % of $1 million. However, it's considered a game where

[05:01] your chances of winning are one of the highest in casinos because the house edge is very low. Generally, the house edge in other casino games can reach 20% or even 40%. Besides roulette, blackjack, video poker, and SicBo are examples of games with a

[05:15] very low house edge, and it's believed that players have the best chance of winning in these games. However, the most dangerous games are those that can be programmed using computers, such as slot machines. The concept of slot machines is

[05:30] quite simple. It looks something like this: you press a button or pull down a lever. The wheels inside move, and you see different symbols. If a winning combination of symbols occurs, you win. A winning combination can be

[05:45] e.g. If a symbol appears five times in a row, you'll win the lottery. Many people think that if they play this game, they have a fair chance of winning. But there couldn't be a more unfair game than this. The actual computer programming is being done

[05:58] behind the scenes. Since the casino is in control, they can manipulate it however they want. One way is to program it in such a way that their profits are maximized and they earn the most money. You might think that this means

[06:11] that whoever plays the slot machine should always lose, only then the casino will make the most money. But if this happens, no one will play the game again. Therefore, another factor is also considered when programming it:

[06:24] programming it: make people as addicted to the machine as possible. The best way to create an addict is to let the them addicted. We maximize our profits.

[06:40] used here. Let's take a look at it one by one. First, as I told you, the First, as I told you, the use a term for this: time-on-device. Their purpose is to

[06:53] maximize time-on-device and maximize profits. First, it's important to ensure that people do n't face any interruptions while playing, so they remain engrossed in their game and are not distracted in any way.

[07:06] For this, slot machines are designed to be very fast. You can sense the response within seconds, and the machine is instantly ready for a second spin. In second spin. In fact, a slot machine can spin 500 times in an hour.

[07:18] Other card games often take time to shuffle. People are distracted here and there, which can cause people to lose focus. Second, a perception is created that you're in control because you're pulling down that lever

[07:32] or pressing that button. You feel like you've played the game, and the result is yours. It will come because of your action. This creates the illusion of control. People most enjoy playing games where they feel

[07:45] they are in control of things. Third, when these symbols stop spinning and come to a halt, you feel excited because you see that they are arranged in such a way that you just won. This one symbol here is starting to form a pattern of three above. If it had been

[07:58] just a little more here, you would have won completely. This is a psychological trick to make you addicted. The machine asks for your knowledge and stops in such a way that you always feel that you were just about to win, you had almost won. This feeling creates

[08:12] excitement within you. You feel that this was not a coincidence, you were in control, you were just about to win. So you ignore the loss you have suffered, make four or five more tries, and then you see - ding ding ding - you actually

[08:26] won. The dopamine hormone floods your body, making you very happy, so happy from within, but this The next psychological trick was to deceive you. The winnings you are being offered are a small win. Overall, if

[08:42] you bet 000 here and win 600 here after losing previous games, you think you have won, but this is called loss disguised as a win. This is the method to keep you addicted. Keep giving people small rewards from time to time in an unpredictable manner

[08:56] so that people keep coming back to play. Another interesting psychological phenomenon here is called gamblers' fear. This is basically a if they are losing so many times one after the other, then they will definitely

[09:12] win the next game. After all, how many times can they lose in one go? For example, suppose if you toss a coin 10 times and it comes up tails 10 times out of 10, then you think that the next time will definitely come up heads. This is very unlikely that it will

[09:26] come up tails 11 times, but in reality, every time The chances of a toss are 50-50. The chances of winning or losing have not changed. This famous spread is also called the Monte Carlo Spread also called the Monte Carlo Spread because on August 18, 1913,

[09:41] a roulette game was played at the Monte Carlo Casino, in which the ball landed on the black spot 26 times in a row. The gamblers playing there lost millions of francs because they thought that black had appeared 20 times and 21 times, and

[09:56] now the next one would definitely be red. The is related to the senses. You will not find a clock in any casino, nor will there be

[10:08] any windows, because no casino owner wants you to be distracted by looking outside the window. You become so addicted to it that you lose the perception of time. Who knows, you have

[10:24] spent hours there, day or night outside. You should not realize it. By the way, this same tactic is used on many streaming and social media platforms. People also use these on any OTT app. If you are watching a TV show, after the episode ends, it immediately

[10:36] appears 'Next episode starting in 5 4 3 2 1' because they do n't want to give you any time to think whether it has been too long for me to watch TV, now I should turn off the TV and sit down to do some work. No, the

[10:49] next episode will automatically start before you click on it. Not only this,

[11:01] next episode is automatically shown to you. Their purpose is to keep you addicted and not give you even a little time to think because if you get even a second or two to think, you will probably stop using this app right away.

[11:14] in my time management course. You should also design your environment in such a way that you for important notifications. Make a place in your house to keep your phone and

[11:29] always keep it in that place so that if you get distracted by the phone while working, you will not be able to hear anything from the phone. You have to go for a distraction. Those few seconds you get to think are so crucial, and all these apps and companies

[11:43] n't taken my time management course yet, then I've explained many similar techniques on how you can avoid such distractions and procrastination, create a success plan for yourself, and make

[11:56] time for whatever you want to do in life. Thousands of people who have useful. You can find the link in the description below. There's a special coupon code for the first 400 of you: TECH 40 TAKE 40 to get 40% off.

[12:12] This will be applicable to the first 400 of you, so hurry up and try it. Now, back to the topic, let's understand more psychological tricks of this gambling industry. The smell is also often used here,

[12:24] which is sprayed with perfume. Dr. Allen in Kanoj Hish, founder and director of the Smell and Taste Management and Research Foundation, conducted a study and found that study and found that when a special scent was

[12:36] placed in the slot machine area in Las Vegas, casinos made 50% more money. The smell want to spend more time. Your sense of sound is also used in casinos to

[12:48] seduce you. The sounds made by slot machines are in the C note of music, which is considered universal. Not only this, every detail is taken into consideration. The colors used in the machines, the

[13:01] shape and size of the buttons, all have been chosen in such a way that people become more addicted to gambling. You will always see that gold is used extensively in slot machines. The colorful colors should create a feeling that this is a

[13:14] treasure, people are lured by the idea that you can win so much money, come and play. A study by Robert Breen, a psychiatrist at Brown University, found that people who Those who play slot machines become addicted three to four times faster. Their

[13:29] gambling age is approximately 65 to 80 percent compared to people who play cards in the US. Most of the money a casino earns comes solely from slot machines. However, it's not just about individual games; the entire casino

[13:43] is designed to inspire you to enter and become addicted to gambling. often offered free drinks. Management often gives them some

[13:56] free coins, saying, "Take these 10, you can play for free. Try with $10. Play whatever game you want, and all the money you win is yours." People think, "This is great! I won't lose any money. I'll just

[14:09] play here." When they start winning, greed sets in, thinking, " I've won so much with free money, meaning I have so much skill and good luck that I can win more." Then people invest their money, and before long,

[14:22] some people become addicted. People often become addicted. Casinos have found another way to make money: immerse themselves in hotels. When people come to stay, they'll want to visit and bet. The When people come to stay, they'll want to visit and bet. The

[14:37] in GX9. In 2019, it had annual revenues of $8 billion. This casino is n't isolated, but rather part of an integrated casino resort, an area with over 3,000 hotel rooms, 120

[14:50] restaurants, and over 200 luxury retail brands. Now you might be wondering, retail brands. Now you might be wondering, plenty of them. All these same psychological tricks are being applied in a similar way.

[15:05] Like slot machines, these online betting apps are also computer-programmed, and you can guess that these computer programs are trying to maximize the same two variables: profit programs are trying to maximize the same two variables: profit

[15:19] spent. To achieve this, the entire design of these apps is designed in such a way that the user interface of these apps is very bright and engaging. Visual cues are added whenever you win, flashing lights or full

[15:33] sounds come on, which bring you joy. If you've ever noticed, many of these betting apps do n't have their own dark mode. Even when you activate their dark mode on your phone, their interface remains white and bright. Perhaps the same

[15:47] logic can be compared to a casino, where there are no windows. Second, notifications are used to create a sense of urgency, which triggers impulsive betting. You'll get real-time updates of cricket games

[16:00] or bets that are being placed frequently on these apps, so you don't have the fear of missing out ( FOMO). Third, casinos offer free drinks or free bonuses when you first enter. These apps also offer sign-up bonuses and free

[16:15] bets. When you first join these apps, people who have never bet before get an incentive to try them out. They're Fourth, just like in slot machines, an illusion of control is created through levers and buttons. By providing

[16:30] control is created through levers and buttons. By providing see that the game you're playing is a game of skill, not luck. If you want, you can analyze all this data.

[16:44] You can use different tools for these cricket matches to analyze which team is performing better and increase your chances of winning. All this is giving you the illusion of control. You feel you have the power to decide

[16:57] whether you'll win or not. It's true that skill is evolved to some extent, but more or less, it's still a game of luck, and more than luck, a pre-programmed game.

[17:14] house edge is being maximized here. You don't know how you're being You don't know how you're being recognize it. There are a lot of betting apps. All of these apps have different types of games,

[17:28] and these same tricks are used in different ways in each game. Another method is to give people social validation. You'll often find leaderboards on these betting apps, saying, " Look, this guy is at the top. He's won the most rounds so far.

[17:42] He's got so many points. You're currently ranked at this number. You can also move up. You can share it with your friends to show them what a big winning bet you placed." This creates a sense of competition, and the validation you get from it encourages you to continue

[17:56] competition, and the validation you get from it encourages you to continue I can't name these apps, I think I've Now that we've explained it to you thoroughly, you can observe for yourself the various psychological

[18:10] tricks different betting apps are using to rob you and turn you into a gambling addict. Remember one thing: if you want to earn money, it's impossible to do so without value exchange. Money is a means of value exchange.

[18:24] You can only earn money when you provide value to someone—either in the form of your work, your skills, your knowledge, or any other way. If you expect money to

[18:37] flow automatically from the comfort of your home without this value exchange, forget it. Yes, there are some one-in-a- million people who win the lottery without doing anything, but even those people are n't very happy. Search news articles online about

[18:50] lottery winners who lost it all. You'll find so many stories. People who win the lottery without doing anything You'll find so many stories. People who win the lottery without doing anything n't realize the true value of money. I hope this You can find the video

[19:03] hope this You can find the video watch more business model videos by clicking here. Thank you very much