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The Difference Between Online Gambling and Online Trading. Whos The Bad Guy?
By Mike
As the US's Unlawful Internet Gambling Act takes over the news with stories of finances
and the Internet, many are starting to wonder what the real difference is between
online gambling and online trading?
Two people are sitting in their offices risking money online, one is breaking the
law, the other is not. One of these men is a day trader, and no matter how you look
at it, this man is risking his money for the chance to get back more money. It seems
to me that both men are using the Internet for the same reason. However the one
that is gambling online is now participating in an illegal industry. Why illegal?
Because the US government doesn't get a nickel in income from the online gambler.
It only gets tax money from the day trader.
Every day Americans lose millions of dollars from trading stocks, not based in Wall
Street offices, but from their living rooms. These normal people are not professionally
trained stock brokers, and hold no license - yet they face no legal obstacles to
risking their money online.
In fact the only real difference between day trading and online gambling is the
amount of money the US government makes out of the industries: Day Trading online
= lots of money; Online Gambling = no money. There is much speculation that the
US Congress passed the anti-online gambling ban for the exact reason that they are
not getting any revenue off the millions spent each day.
The US Government is saying that they outlawed online gambling to save the American
public from a dangerous pastime - one that can addict players and destroy families
by causing players to lose all their money. Yet they continue to allow unlicensed
persons to trade stocks online. Perhaps no one remembers the reason that large buildings
have windows that don't open: it is tp prevent all the day traders from plummeting
to their death after losing it all!
Day traders generally get tips from a third party, and sometimes they simply guess
at random. There was a time when everyone was investing and making a fortune, until
the bubble burst and many were left with nothing but a pile of debts.
If online gamers are famous for one thing, it's taking an interest in what they
do. Almost nobody gambles online on a consistent basis without studying the games
they play, the strategies, the statistics and the art of gambling. As online players
improve,e they play against others at a harder level, but no beginning online player
is forced into a poker room with professionals.
There are real people today making a living off online gambling. Amateur players
have earned up to $10,000 a month, and although they are not the majority, they
are the cream of the crop. All of these professionals are now officially out of
work thanks to the new online gambling ban. And gambling professionals aren't the
only ones suffering. Many people around the world are losing their jobs due to cutbacks
in the online gambling industry.
If the US Government wants to save Americans from losing millions, why are they
still letting the legalized form of gambling called day trading ruin the lives of
regular people?
For more information about the latest news about the gambling world and the top-rated online casinos, visit http://www.gamblux.com
The Gamblux online gambling portal offers a wealth of specially-written content and features to interest both the casual and serious player. It presents its information in a clearly understood way that gives gaming players all the facts that they need.
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