Binary Option Gambling Caution Required

Published Wednesday, September 21, 2016 -
Binary Option Gambling Caution Required

Scams are everywhere and they include the online gambling industry and the stock market and pyramid schemes and the list continues. Upon learning about the ruthless nature of the wolves in sheep’s clothing there are moves anyone can make to stay clear of these immoral people. The scammers stalk and prey on the elderly the young and the vulnerable, taking the victim’s pride personal information and money. A extra cautious approach is necessary to keep ahead of the curve when it comes to online gambling.  

There are many reputable gambling locations and there are web locations such as that provide information about the various casinos and sports books available. The governments in many jurisdictions have been instrumental in maintaining order in the online gambling industry some to an extreme and yet there are others that do little to discourage corruption.

Gambling and betting on binary options has been a controversial subject for some time with binary option gambling typed into the Google search engine three million plus choices comes up. Binary options are not gambling simply because there are regularities one can exploit in order to make money say some experts.

On the other hand the UK Gambling Commission says,’ Binary options are a form of bet where a customer tries to predict the outcome of events in financial markets. For example, whether a company's stock price, or a foreign exchange rate, will rise or fall over a defined period (sometimes as short as 60 seconds). The use of the word 'binary' refers to the fact that there can only be two outcomes to the bet. If the customer's prediction is right they win the bet; if the prediction is wrong the customer loses the bet.’

In the UK the Gambling Commission licenses and regulates the activity but people are still scammed in this particular type of trading/gambling platform so anyone placing an online wager should be vigilant of cold calls and other predatory techniques used by the wolves.

Related news

Return to Latest News