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Online Betting – 5 Things You Should ... Multi-Level Marketing Online – 5 Thin...

Online Gambling – 5 Things You Should Know

What is online gambling?

Gambling is playing games of chance for money. You can’t influence the results; they’re totally random. (As opposed to betting, where you do have some influence.)

Online gambling is done via the internet. You pay to play and get paid if you win.

Gambling is one of 19 types of online business and considered a Level X online business, according to our framework.

6 Levels and 19 Types of Online Business
Level 1 = Novice

Okay for side income or beer money, but hard to earn a living.

GetPaidTo
Contests

Level 2 = Intermediate

Best for earning a living online when you’re starting out, but hard to scale.

Remote Job
Freelance

Level 3 = Advanced

Easier to scale and higher income potential, but you usually need significant investment of time and/or money upfront.

Agency
Referral
Resale

Level 4 = Superior

Even more scalable and even higher income potential, but also more complex / difficult / expensive.

Authority
Digital Product

Level 5 = Distinguished

Most complex / difficult / expensive, but the rewards here can be massive.

Physical Product
Cloud Service
Marketplace
Social Network

Level X = Wildcard

These are the misfits. Many aren’t even considered businesses in the traditional sense, but they are all ways to make money online. You typically need a lot of time, money, or luck to succeed with anything here.