Is the Stock Market Legalized Gambling?

A lot of people think twice about getting into the stock market because they believe it is similar to gambling. We are living in hard economic times where everyone is looking for a way to make extra money and secure their financial future. Because of the high standards of living and financial pressure, some people opt for methods such as gambling in order to earn money. While some people believe investing in the stock market cannot be equated to gambling, others believe otherwise. To understand the difference between gambling and whether the stock market is a legalized form of gambling, it is vital to know what each definition involves.

It’s important to mention that both investing and gambling involve putting money into use with a hope of getting back more. The dictionary meaning of gamble is highly associated with games which has no association whatsoever with stock investing. Therefore, it is accurate to conclude that gambling is closely associated with games and entertainment but with the aim of making a better return on the initial investment. On the other hand, investing in the stock market is all about business. It’s good to mention that in some countries, gambling is outlawed and therefore, those found engaging in this practice are reprimanded by the law. On the other hand, stock investing is a business investment practice that is legal across the globe. Based on this explanation, stock investing is purely a business activity and cannot therefore be referred to as legalized gambling.

For gamblers, their ultimate aim is to reap as much money as possible after playing a game. However, for stock investors, they don’t aim for immediate profits but rather, wait until the markets become favorable to allow them make good returns. In other words, it could take months or years before you finally make good financial returns.

The purpose of engaging in gambling and the stock market is totally different. A lot of gamblers engage in this activity in order to make money for leisure activities. However, the stock market is used by investors to grow their investment in order to spend it productively. Investing in stocks is a serious affair and can therefore not be associated with any gambling techniques. Stock market investment is a long-term affair while gamblers do it for short-term excitement by putting their money at risk and hope for a chance that it will turn around their financial fortunes.

However, despite the differences, there are a few things that both gambling and stock investing share in common. To begin with, they both involve the use of money in form of an investment whose return is not known. In other words, they are associated with both the risk of time and money. The stock market shouldn’t be at any one time confused with gambling whether legal or not because the two operate differently. It is important for the difference between the two to be clearly defined to avoid sending out the wrong perceptions.

Cordish Plans to Open Temporary Gambling House In the Garage Early Next Year

David Cordish, the developer of the upcoming largest casino in Maryland said that they have a plan to install 2000 slot machines on the ground floor to run their casino business on a temporary basis. The projected time for the opening of the temporary casino is late 2011.

Joe Weinberg, director of development for the Baltimore-based Cordish Cos told the state’s Video Lottery Facility Location Commission, “To expedite the project, we looked at a lot of different options”. “We’ve been using the word temporary, but this is really a phasing in of the permanent project.”

Though the temporary casino would contain only half of the total proposed slot machines, it would still be the largest gambling house of Maryland. The services that will be provided at the garage parlor will be of high standard.

Cordish Cos. has a plan to construct the building in two phases. The first level is the garage which will hold half of the authorized 4750 slot machines and include a bar and a buffet.

But the more anticipating features like Cheesecake Factory, a Rams Head-brand live music venue and a Bobby Flay restaurant will be available in the final building. The garage will be opened for parking vehicles after the second phase of construction is finished. The estimated time for the construction to be finished is one year after the completion of first phase.

Some people wanted Cordish to build a temporary tent-like facility as they did so in the time of constructing Indiana Live! Casino. But the slot commission said that same plan might not be successful here at Maryland. That’s why they wanted to present the customers with a permanent structure rather than a tent-like short term gambling house.

Rick Abbruzzese, a spokesman for Gov. Martin O’Malley, also sounded upbeat about the Cordish proposal.

The application of the Cordish’s permanent casino is under process and expected to be approved by early next year but they have not submitted the application for their short term garage casino.

Some changes might come in the plan of the Maryland Live! Casino. The initial plan was to build a casino of 200000 square feet area consisting of a six-story garage with 4000 parking spaces.

Commissioner Linda Read asked the number of workers needed during the construction process of the first phase.

The country council approved the zone for casino a year ago and fifty six percent country voters approved the referendum on November 02, 2010. But before approval people who were against the casino did a petition.

Compulsive Gambler’s Guilt Affects Their Gambling Addiction Recovery

When a compulsive gambler is in recovery, feeling guilty is one of the toughest areas to resolve for some people. When a gambler finally makes the conscious decision to stop gambling, reality sets in for the first time in a long time. When they take finally take stock in themselves they see all the damage they caused. Some people stop right before it’s too late and they have a few assets left. Then the compulsive gambler thinks they’re in control and once again go back to gambling. The next time the destruction is twice as worse. The feelings of guilt increase until they finally are willing to face they have a gambling problem.

Through various discussions with compulsive gamblers, I found a majority felt guilty and ashamed about the following:

* Feeling guilty you lied to your family and friends

* Feeling ashamed that your family and friends know you have a problem gambling

* Feeling guilty that friends and family may never trust you again

* Feeling guilty and ashamed knowing how much money you lost that could have been better spent.

* Feeling guilty you didn’t spend enough time with your children.

* Feeling guilty about your self destructive behavior

* Feeling guilty you didn’t go to relatives and friends events (birthdays, graduations etc.)

In time people will forgive the compulsive gambler, but can the compulsive gambler forgive them selves?

Friends and family will come around if the compulsive gambler keeps their word from now on. Once the gambler tells you they stop gambling, they must stick to it. If not they will lose credibility. Trust is very important both for the compulsive gambler and for the family and friends. People have to learn to trust compulsive gamblers all over again. In time they will if the compulsive gambler is willing to stop gambling.

Even though a compulsive gambler made numerous mistakes, they can recover and they can move forward. It’s human nature to learn from your mistakes. No one is going to give the compulsive gambler the death penalty for gambling. A lot of gamblers feel this way when their world comes crumbling down.

Take the time to improve your quality of life and the compulsive gambler’s feelings of guilt will diminish over time.

Learn About Casino Gambling

Casino gambling is one of the most common words of today’s world, which is composed of two different words “Casino” and “Gambling”. Casino was originated from the Italian word “Casa”, which means house, villa, or summerhouse. Gambling means betting money or any other material that has monetary value to win any event with uncertain outcomes. So, when we connect those two words, it suggests us of any place where people usually risk their money to win any unpredictable event.

In modern casinos, generally casino owners make arrangements for many games to play. People usually play and gamble money to win that game or to win any uncertain outcome in different phases of the game. It is actually judging your luck by investing a lot of money. Keno, Bingo, Baccarat, Roulette, Black Jack, Slots, Poker, Craps are examples of gambling games for which people risk their money.

Irreversible bet, chance dependent outcomes, and gambling money or valuable things for those outcomes are some common and primary rules for any casino gambling game apart from its’ playing rules.

As a new person in this gambling arena, it is very much usual to ask about the revenue of casino gambling, winning rate, and tips necessary to win. Tips for winning any casino gambling game varies from game to game due to their rules of playing. Winning rate can’t be predicted and there is no certain data on this and no such sources are available to verify the existing data. It is obvious to have a little winning rate due to its’ uncertain nature.

One can find a lively environment in a casino as the first intention of any casino owner is to attract people there. A lot of money is spent for its’ interior decoration that draws people there to enjoy and play. You will find dazzling lights, expensive carpets, hot and sizzling waitresses all around you to feel something very appealing.

When it comes to know about the revenue of casino gambling, you will definitely be amazed to know the numeric value. About $37 billion was the revenue of US based casinos in 2012, which is 4.8% more than the revenue of 2011.

This numerical value suggests something very big for the future and with the advancement of technology, gambling is no more bounded to casinos. Online gambling is the future of this growing industry, and we hope many things have yet to come to make us thrilled about this industry.