Online Gambling Has become a Hot Craze
A few decades ago, a land based casino was the only choice to go for people who want to play casino games and going to one can be a very demanding experience. People who only want to experience the thrill of games of chance had to 안전놀이터 drive their way to the nearest casino, which could be miles and miles away from home and they would even have to brace themselves against street traffic before arriving at a brick and mortar casino–and the inconvenience does not end there. When they have successfully arrived at the casino and managed through the tough traffic because they would have to jostle their way to find a decent spot, and this could take quite a time. This is usually an irksome experience that could consume much time when you should only be conveniently finding your place; after all you’re paying for your stay.
But it is good to let you know that this is a rather old story because there is more than one way to get to your fave casino without having to exhaust much effort. Today, the best way to play your games of chance is over the internet as there are online gaming sites and all you need to do is go to the internet and find a good site. There is so much opportunity in the world wide web and the possibility of enjoying your favorite games at casinos had become a reality as they were brought online for your utmost convenience. In the following years since the inception of online games, much has changed with the addition of latest software technology like Playtech and Microgaming, which have made online gaming experience at home or in one’s private place quite a spectacular one.
The media have been an important aspect in the proliferation of these games with promotions and ads being tossed on television, papers, and internet to make them more known to people who are part of the gaming community. Players always want new stuff to keep their interest boosted, and they are well treated by online venues which bring out top class entertainment with just a few clicks. The favorite casino games online like roulette have now become a sensation because they are not only accessible but are also facile. The market of such venues has increased dramatically and with such growing number of followers, online gaming sites only want each of their clients to feel the top quality service and high class entertainment to either meet or exceed expectations. Right now there are a lot of gaming sites making the competition tough, and these sites gather gaming clients by advertising the best features for fun and thrill. Binary Options are the hottest new game in online trading. No experience necessary, step right up and place your wager! A quick Google search reveals thousands of ‘brokers’ offering hundreds of dollars in sign up bonuses and promises of 70%-85% returns in minutes! If this sounds familiar, you may be remembering the explosion of offshore online casinos that sprung up all over the net a few years back before the federal government began enforcing the UIGEA (Unlawful Internet Gaming Enforcement Act) in 2010.
Being an avid sports bettor and market enthusiast, I couldn’t ignore the correlation that binary options has with gambling. In this form of trading you are given two options to choose from: up or down. Is the particular security, currency, or commodity going to move up or down in the respective time period that you have chosen. Kind of like: are the Patriots going to win by 3 or not? Is the score going to be higher or lower than 43? You can see where this is going right?
Most legitimate brokers I have spoken with consider binary options to be a straight gamble, but still a legitimate trading vehicle. The problem with binary options that are being offered online right now isn’t with the system itself, it is with the ‘brokers’ that are offering it. As one trader put it: “they are straight snakes. Who offers 100% match bonuses with a trading account? ” In full disclosure, legitimate brokerage houses do offer bonuses to new customers of up to $2500 (for a million dollar deposit), and most binary options sites have a limit as to the bonuses, but some do not. So how do these options houses stay in business?
To answer that question, we need only look at their ads and do some real math. These sites offer 70%-85% and sometimes higher returns on your investments, so you automatically assume that for every dollar you invest, you will get $1. 85 in return. And this is true, if you win every option that you place. That would be perfect if these sites were in Fantasy Land, but we all know that you are not going to win every time. The small print tells you that you will lose 100% of your investment when that option doesn’t come in. In essence you are risking $1 for $0. 85 on what is essentially a 50/50 proposition. Those my friends are terrible odds.
At these odds, you need to win 58. 8% of your options just to break even. To put these numbers in perspective, let’s take a look at the entertainment capital of the world. The average $1 slot machine in a casino on the Las vegas Strip pays out at 94. 67%. This means that for every $1 you play, you will be paid out around $0. 95. That’s almost ten percentage points better than these ‘investment brokers’. The question you really need to ask yourself is: would I pour my investment money into a slot machine? At least in Vegas you can get free cocktails!