The Difference between Online Gambling and Online Trading.
Who of Them is the Bad Guy?
At the same time as the US Illegal Internet Gambling Act is broadcasting the news with stories of investments and the world wide web, men are questioning what the real difference between Internet gambling and online commerce is.
Let us take two people hanging in their agencies both of them risk their money online, one is violating the legislative norms, the other is not. One of them is a day trader, and in spite of how you look at this fact, that man is risking his money for the risk to profit from the trade. I suppose that both these men use the Internet for one and the same aim. On the other hand, the person gambling online is at present taking part in a dishonest business. Why illegitimate? Because Government of the US is not getting a single cent of profit from the the army of online gamblers. The Government only levies tax money from the day trader.
Every day residents of the USA lose several million dollars from trading financial credit documents, that are not headquartered in Wall Street business offices, but from their family rooms. These simple men are not highly-qualified stock dealers, and hold no license - yet they have no official blocks to conduct this kind of business.
In reality, the one single actual differing feature between e-commerce and online gambling is the amount of money the US Government makes out of the businesses: Online commerce = lots of money; Online Gambling = not a cent and lots of casino bonuses for gamblers. It is said that the US Congress passed the anti-gambling online ban for the exact reason that they are loose all the possible profits day in day out.
The US Government announces that forbade online gambling to save the American public from a unsafe free-time activity - one that can addict playersruin families by making gamblers go bankrupt. But this will not affect the unlicensed traders, who are free to go on and trade paper holdings, that are not on internet. Perhaps no one can remember now the reason, why large buildings have windows that don't open: it is to prevent all the traders from plummeting to their death after they have lost it all!
Day traders mainly receive tips from a third party, and sometimes they simply guess and place orders as luck would have it. In the past many people were investing and making a lot of money, until this bubble exploded and so many people lost everything they had and were left with just a pile of debts.
If online gamers are famous for something, it's holding an interest in what they do. It seems like nobody gambles on Internet on a permanent basis without studying the games they play, various special ways, the statistics and the art of gambling. As online gamblers improve, they play via others at a higher level in top online casino, but no beginning online player is forced into a poker room with professionals.
Some people in our days are making their living on gambling online. Amateur players earn up to $10,000 a month, and while still they are not the majority, they are the cream of the crop. All poker professionals are now officially out of work due to the new online gambling ban, and negative online casinos review in the web. And gambling professionals are not the only people left aside. So many people around the world are losing their jobs due to cutbacks in the online gambling industry.
If the US Government is willing to save Americans from loosing millions, why do they still let the legal version of gambling called e-commerce break the lives of average people?