If anyone bashes Gambling, here is what they should know - page 2.

Stunna

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Quote from: grue on June 07, 2014, 03:02:55 PM

Quote from: StockBet.com on June 07, 2014, 01:09:57 PM

Most People Gamble all the time (Without Knowing It)

what's logic behind this?

Quote from: StockBet.com on June 07, 2014, 01:09:57 PM

According to the Boston University Law Review:
Gambling and investing are identical

no it's not. the expected value of almost all gambling games is negative, whereas the expected value of investments is positive (see: stock markets).

Quote from: StockBet.com on June 07, 2014, 01:09:57 PM

The government discriminates, as it lets the rich gamble, but ban it from the lower class

clarification needed

Quote from: StockBet.com on June 07, 2014, 01:09:57 PM

Extremely important activities are gambling activities

clarification needed

Quote from: StockBet.com on June 07, 2014, 01:09:57 PM

Americans have lost way more to gambling on houses and stocks, than to Las Vegas. Housing bubbles in the U.S., Canada, Australia and UK are partially or mostly created by their governments, luring millions to gamble on it.

maybe because the amount of money spent on stocks is much greater than on las vegas?
[/list]

Agree with grue, investing is not "gambling" in my opinion. OP is trying to compare real life risk taking with negative EV gameplay.

The right argument to make is simply the fact that gambling is a fun activity that people should have the right to partake in if they please. Gambling for any reason other than entertainment is not a good idea.

Benjig

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Quote from: StockBet.com on June 07, 2014, 01:09:57 PM

You might see a campaign in the media against online gambling. If supposed moral authorities attack gambling, here is what they and you should know:

Most People Gamble all the time (Without Knowing It)
According to the Boston University Law Review:
- Gambling and investing are identical
- regulations on online gambling is mainly about money and blocking competition, not about morals or protecting consumers
- The government discriminates, as it lets the rich gamble, but ban it from the lower class
Extremely important activities are gambling activities
Governments have "Do As I Say, Not As I Do" mantras, as they are the world's biggest operators and pushers of gambling
Americans have lost way more to gambling on houses and stocks, than to Las Vegas. Housing bubbles in the U.S., Canada, Australia and UK are partially or mostly created by their governments, luring millions to gamble on it.
The filthy rich, such as Sheldon Adelson, is reversing the legalization trend in the U.S., in order to fend off competition. Don't believe his employed and richly paid lobbyists, who claim that they are trying to protect consumers. (The UIGEA helped fend off competition.)

For explanations of the above, read:

http://stockbet.com/#/support/gambling

As grue said it would be good if you clarify, anyway i think that the people sometimes bashes gambling because as it can be like an investment activity, it is more easy for almost all the people to fall into the addiction pathway and start to gamble just for the "adrenaline" not bringing attention to their pockets and time. (see hitler lost money to marklye) Cheesy

grue

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Activity: 2058

Merit: 1452

Quote from: StockBet.com on June 07, 2014, 01:09:57 PM

Most People Gamble all the time (Without Knowing It)

what's logic behind this?

Quote from: StockBet.com on June 07, 2014, 01:09:57 PM

According to the Boston University Law Review:
Gambling and investing are identical

no it's not. the expected value of almost all gambling games is negative, whereas the expected value of investments is positive (see: stock markets).

Quote from: StockBet.com on June 07, 2014, 01:09:57 PM

The government discriminates, as it lets the rich gamble, but ban it from the lower class

clarification needed

Quote from: StockBet.com on June 07, 2014, 01:09:57 PM

Extremely important activities are gambling activities

clarification needed

Quote from: StockBet.com on June 07, 2014, 01:09:57 PM

Americans have lost way more to gambling on houses and stocks, than to Las Vegas. Housing bubbles in the U.S., Canada, Australia and UK are partially or mostly created by their governments, luring millions to gamble on it.

maybe because the amount of money spent on stocks is much greater than on las vegas?
[/list]

StockBet.com

sr. member

Activity: 322

Merit: 250

Make A Bet on WORKING SOFTWARE

You might see a campaign in the media against online gambling. If supposed moral authorities attack gambling, here is what they and you should know:

Most People Gamble all the time (Without Knowing It)
According to the Boston University Law Review:
- Gambling and investing are identical
- regulations on online gambling is mainly about money and blocking competition, not about morals or protecting consumers
- The government discriminates, as it lets the rich gamble, but ban it from the lower class
Extremely important activities are gambling activities
Governments have "Do As I Say, Not As I Do" mantras, as they are the world's biggest operators and pushers of gambling
Americans have lost way more to gambling on houses and stocks, than to Las Vegas. Housing bubbles in the U.S., Canada, Australia and UK are partially or mostly created by their governments, luring millions to gamble on it.
The filthy rich, such as Sheldon Adelson, is reversing the legalization trend in the U.S., in order to fend off competition. Don't believe his employed and richly paid lobbyists, who claim that they are trying to protect consumers. (The UIGEA helped fend off competition.)

For explanations of the above, read:

http://stockbet.com/#/support/gambling

Topic: If anyone bashes Gambling, here is what they should know - page 2. (Read 1320 times)