Stock market legalized gambling
Gambling is a zero-sum game. The winner takes money from the loser, and no net value is ever created. The stock market, on the other hand, increases wealth for the entire economy. Jun 01, · 4 Stocks to Bet on as Sports Betting Is Legalized Investors can buy these stocks to gain from the legalization of sports betting By Larry Ramer, Author: Larry Ramer. Jul 20, · FanDuel’s 50% sports betting market share in New Jersey, where online gambling is legal, was a key driver of growth. Chief executive Jeremy Peter .
Gambling in China
Regarding stocks exchange I'm not sure. I have drained all my savings and my health has deteriorated due to the stress. I blew up my account again today made extremely risky bets and now I cannot live like this anymore. The region has a history of gambling on traditional Chinese games. I realized my mistake and decided to trade conservatively. In , The Daily Telegraph UK reported that an estimated one trillion yuan are wagered in illegal gambling every year in China. Since I had told my parents about my addiction, they kept warning me.
I made a mistake- Stock market addiction
Gambling in China is illegal under Chinese law  and has been officially outlawed since the Communist Party took power in The Chinese government operates two lotteries : the Welfare Lottery and the Sports Lottery set up in and respectively.
The Chinese government does not legally consider the lotteries a form of gambling. In , The Daily Telegraph UK reported that an estimated one trillion yuan are wagered in illegal gambling every year in China. Problem gambling exists in the country, and may be more prevalent than in countries with legalized gambling. Various attempts have been made to establish legal casinos in mainland China, although these have been unsuccessful.
In June , the Chinese Government banned all online poker applications. App stores had to remove all poker related applications, and the promotion of poker in general via all social media channels in China Wechat, Weibo became forbidden. While some aspects of mainland Chinese law apply in Hong Kong, certain forms of gambling are legal and regulated in Hong Kong. Gambling in Hong Kong has been regulated since Gambling in Macau has been legal since the s, when it was a Portuguese colony.
The region has a history of gambling on traditional Chinese games. Gambling in Macau now primarily takes place in Western-style casinos ; in , Macau overtook the Las Vegas Strip in gaming revenues. Legal restrictions on onshore gambling in Mainland China have contributed to the growth of overseas and online gambling sites that cater to Chinese nationals. Integrated gaming resorts in Singapore , Australia , Korea , Vietnam and the Philippines welcome growing numbers of Chinese tourists.
Hello dear internet friends. I have drained all my savings and my health has deteriorated due to the stress. I keep throwing good money over bad and keep trying to regain it all only to lose it all again. This is a fairly less recognized form of addiction but I do suffer with this quite a lot. I blew up my account again today made extremely risky bets and now I cannot live like this anymore. I made a thorough assessment and made it a point to seek help.
I came across this forum and read some posts. I can relate to many of you here and I seek your friendship and support to tide through this horrible addiction. Over the course of last couple of years, I also had to take some personal loans to feed my addiction margin calls and it is hurting me bad now as I am still paying them. I am scared that I may lose whatever is left if I keep at it. As of today, thank God, I have a job and can still pay my bills, buy essentials and pay the monthly balances on personal loans.
I must be gamble free to recover my life and my future and I know I have the courage and determination to do it. Good for reaching out for help. I had a teacher in my study who told me that all sorts of options, margin calls , futures ect are just the same as gambling.
It is a zero-sum game. Either you win all or you lose all. Regarding stocks exchange I'm not sure. I feel like the buying and the selling are spread over a long time so not an instant result. At least a stock keeps it value over a long time. Either way great to have you here. My advice would be to cut the losses. You have tried to win in back for the last couple of years , but that did not work out and you always want more.
The people making those videos have one purpose, make money off of you. They are probably affliates of certain sites that you used. Thanks for the kind words joerdj. Yes, it is indeed a zero sum game.
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