Who's the Bad Guy?
As the US's Unlawful Internet Gambling Act takes over the news on finances and the WWW, many wonder what the real difference between online gambling and internet commerce is.
Let us take two people sitting in their bureaus both of them risk their money online, while one of them is breaking the law, the other is not. One of these two businessmen is a day dealer, and with no respect to how you take that, that man is venturing his funds for the chance to get back more money. I think that both these men use the Internet for one and the same reason. Though, the person gambling online is at present participating in an illegitimate industry. Why illicit? As Government of the US doesn't get a cent of the revenues from the online gambler. It only gets tax money from the day online trader.
Daily residents of the USA lose several million dollars on trading papers, which are not based in Wall Street offices, but from their lounges. This kind of normal people are not professionally trained stock dealers, and hold no license - anyway they do not have any legal problems to conduct this kind of business.
In truth, the single factual difference between online commerce and online gaming is the amount of revenues the US Government receives from the industries: Trading on internet = huge money; Gambling Online = not a cent and lots of casino bonus for gamblers. It is rumored that the US Congress passed the anti-online gambling forbidding law for the exact reason that the country is not profiting from millions of dollars spent day in day out.
The US Government announces that banned gambling on Internet to keep Americans away from a risky activity - and ruin families by causing gambling-addicts lose all their money. However they continue to allow unlicensed persons to trade capital issues, that are not on internet. It is very likely that no one can remember now for which reason large buildings have windows that can not be pulled up or opened: it was made on purpose to prevent all the day traders from plummeting to their death after they have lost it all!
Day traders mainly receive tips from a third party, and from time to time they merely guess at random. In the past everyone was investing and making a fortune, until this bubble exploded and many were left with nothing but a pile of debts.
If online gamers are famous for one thing, it's holding an interest in what they do. Almost nobody gambles online on a permanent basis without learning the rules of the games they play, the strategies, the statistics and the art of gambling. As online players improve their skills, they play against others at a higher level in top online casino, but no beginner is forced into a poker room with professionals.
There are real people today are making their living on gambling online. Amateur gamblers earn up to $10,000 a month, and while still they do not form the major part, they are the ace of aces. All of these professionals are at the moment officially out of work because of the new online gambling ban, and negative online casino 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 the people from loosing millions of dollars, why do they still let the legalized version of gambling called online commerce ruin the lives of regular people?
This entry was posted on Saturday, December 1st, 2007 at 7:33 am and is filed under Gambling. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.