Gambling Without Going Bankrupt
Online casino gambling, in the past few years, has become a multi billion dollar industry. Online casino gambling has literally changed the face of gambling and no longer is it required that players visit a brick and mortar casino. With the popularity of internet gaming enthusiasts can now enjoy their favorite casino games in the comfort of their home. As the overall view of the casino has changed so has the availability of coaching and learning material for guidelines to play these games. Some people think that the investment of money in casinos on the Internet is not safe and in some cases they may be cheated. But the fact is most casino sites are monitored by various gambling associations in order to ensure their honesty. Payouts must meet acceptable levels by various gaming commissions. If not met, these suspect casinos are quickly noted as ‘not to be trusted’ and with the speed of the internet they are even more quickly out of business. Customers are advised to stick to reputable online casinos to ensure a fair game.
No player can succeed in the money making process directly without becoming familiar with specific methods to win the game. Knowing the basics of the game you intend to play will go a long way in determining your chances to become a winner. One should never commit to common mistakes as they will most certainly lead to greater loss. One should always approach their game of choice with the casino’s money. This will reduce the risk of losing what one already has.
You can easily learn your game of choice, whether it be blackjack, poker, craps or slots simply by downloading the casino software for that game and practicing. Most software will offer you the opportunity to play your game FREE. Also, many of the games have accompanying rules and strategies that you can reference as you go. Once you get the hang of it and learn the various techniques you can then register and become a ‘real money player’. Then, just like any brick and mortar casino, you play against the house competing for cash prizes and jackpots.
You may think you are investing but could it be more like gambling? A lot of people spend more time looking for shoes or clothes to buy than researching which stock to invest in. I’m not sure why this is so, but what I will try to do is to allow you to gauge for yourself whether you are investing or gambling.
It is entirely possible that you have made some good money in the stock market. You might have made $20,000 on Stock X and $10,000 on Stock Y. But was this just luck or was it because you had intimate knowledge of a particular industry? Was it because you understood the metrics that drove the economics of the business and knew how this company was better than its competitors? Perhaps you had also read the latest annual reports and filings with the Securities Commissions, listened in on recent conference calls and analyzed the last five or ten years of financial statements? If this was the case, then you are most certainly a prudent investor. If not, I think you just got lucky. Let’s say you gambled and won!
The “due-diligence” steps outlined above are but a few of the things professional money managers do before investing in a stock. Unless you are willing to do that, you could be taking a very big risk with your hard-earned money, you are taking a gamble!
Professional investing is just too time consuming, too specialized and too complex to do successfully on a consistent basis by yourself. If you don’t have time to read Annual Reports, SEC filings, latest analyst reports, analyze financial statements and… the list goes on, If you are not going to be your own investment advisor then what are the alternatives? One alternative is to listen to Warren Buffett, the second richest man in the world and probably the world’s greatest investor who will tell you to simply invest in an index fund. This is a fund which owns a portfolio of investments that are weighted บาคาร่า the same as a stock-exchange index (such as the S&P 500) in order to mirror its performance. This effectively means that your returns will be similar to the overall stock market. Remember, a majority of mutual funds, which are managed by full-time professional investment managers, fail to consistently beat broad indexes such as the S&P 500.
If you are serious about your hard earned money and seek consistent returns on it, then a little bit of legwork is in order. Go back to your investment statements and figure out how much you have invested, over what period of time and how much you have earned or lost over the same time period. This information will allow you to calculate the rate of return you have earned. You could then compare it to the overall market return of an Index such as the DOW or the S&P 500 and see if you have out-performed the market or not. Be a savvy investor – figure out what rates of return you have been earning on your investments and then take appropriate action.
Myths and rumors come with every gambling game. However undesirable, they can be a good source of recreation. The major cause of these beliefs and tales is the uncertainty related with gambling.
Slot machines were first played in the late nineteenth century. Since then the machines have changed with more reels and increased number columns and slots, however, the basic concept of operating them remains the same. Players seem to devise various strategies to be a winner. The most common strategy advocated is to play safe with one’s money. Play the machine till a pre-decided sum of money and if the trend of losing does not change save the rest of the money. Another advice given by the experts is to prefer casino cards to casino meters. Other self proclaimed ‘experts’ boast to beat slot odds. This can hardly be true as the slot results are generated randomly through electronic number generators.
Blackjack is a pro-player game. The techniques and strategies suggested by some cannot be claimed to be foolproof. Playing with a single deck is believed to be easiest. With the increase in the number of cards the house advantage also increases and the out come of the game becomes highly unpredictable. Card counting requires skill and one needs to be a master of blackjack to carry out this technique. Though it involves simple mathematics, it can take hours to judge other player’s hands to play a safe bet. Another technique is shuffle tracking. It is believed that mostly shuffles do not lead to random arrangement of cards and there is probability that certain sequences go unshuffled. This technique can be quite unreliable. Another argument is that the seating arrangement can affect the outcome of the game. This appears to be a myth and is discarded by most strategists.
Lotteries have the worst odd than any other gambling game. The most common myth suffered by the player is that “I can Win”. This myth forces millions to participate and can also lead to ha\heavy losses for a few. Another myth is playing one’s lucky numbers. This number can be the birth date, wedding date, or any other anniversary. Some people may also refer to numerologists.
Horse racing is one of the most popular and expensive forms of betting. The technique most people employ while betting on a horse is ‘Handicapping’. This involves studying the horse’s history – its performance, pedigree, medical history etc before betting on it. A rather fashionable practice to bring good luck is to wear fancy hats. The ladies wear colorful hats at the Kentucky Derby traditionally as a good omen.
While myths can be quite harmless and funny at times, a more unethical technique desperate players employ is cheating. The various methods used include the us of a tampered dice, commonly called a ‘loaded dice’, marking the cards with juice or special ink, or resorting to tricky shuffles. Cheating is essentially antisocial and should eb curbed.
Myths and folklores related to the games are good as long as they are healthy. However, if the player looses his rationality completely, they can be dangerous as well, leading to heavy financial losses. Myths are a mixture of hidden facts and lots of speculation and one should treat them as a part of the game.