Showing posts with label gambling. Show all posts
Showing posts with label gambling. Show all posts
Friday, February 1, 2019
Thursday, August 30, 2018
Online Gambling: Profitable Tricks for Gaining an Edge
When it comes to getting rich quick, it's hard to top the prospect of gambling your way to baller status. This path to paradise is often instead a road to disaster, however, as most bettors with dreams of scoring a fortune from the house are undisciplined, ill-informed and driven by emotion. Rather than improving their financial position, they basically donate their cash to line the pockets of gaming hall owners.
There are ways to tilt the odds in your favor whether you prefer poker, casino games, sports betting, or some other form of wagering. In order to do so, you need to take advantage of every edge available. Fortunately, there are plenty of ways to enhance your chances of booking sizable wins by claiming every benefit from the gaming operators to which you're entitled. Of course, you'll need to be familiar with all the strategies and techniques of proper play too, but the addition of lucrative extras on top of what you collect through straight gambling is indispensible if your aim is to become a true professional gambler.
Keep your eyes open for the following special deals depending on what types of wagering you intend to conduct:
1. Online Poker
Rake races, free tournament entries and mission challenges all have their place in building the bankrolls of aspiring card sharks. However, there's one type of perk that stands head-and-shoulders above all others if you plan on putting in some serious volume at the poker tables: rakeback. Unlike the other promos mentioned above, rakeback is always active, delivering back to you a steady portion of the rake and tournament fees you pay to the poker room.
Rake is how the operators make money, extracting a portion of each pot for themselves. Just like other businesses do, they refund some value back to their frequent and valuable clients. Unlike credit card reward programs or bulk merchandise discounts, though, the percentage of cashback on offer with a good RB deal often exceeds 20%, 30%, 40% or even 50% of the money you pay!
There are any number of internet poker sites that offer rakeback. If rakeback is present at the room you play at but you neglect to take advantage of it, then you're needlessly leaving money on the table.
2. Online Sports Betting
Betting on sports is a time-honored way of securing an income. Just look at Las Vegas-based sports betting king Bill Walters and his reported $100 million net worth to see how profitable this activity can be. It's now even easier to get started in this field due to the proliferation of online sportsbooks.
Of course, you still need to make your picks carefully. You'll want to read up on the latest information and statistics on the matches and players you're going to put money on. Yet, even after conducting all your research on the athletes and teams involved, there's still more to take into account.
You see, each bookie charges a vigorish (“vig” or “juice”), meaning that the odds are shaded a bit from what the bookmaker thinks the true odds are so that the establishment can make money. However, there are frequent reduced juice specials running from time to time, and it behooves you to capitalize on them whenever possible. The less the house takes for itself, the more there is to distribute to winning bettors: a category to which you will hopefully belong. A few internet bookmakers have even earned themselves a reputation for everyday low juice, and it may be in your best interest to make one of these your sports betting home.
3. Online Casinos
It's true that the house always has an advantage in casino games (barring the rare progressive slots jackpot or full-pay video poker machine). Yet, this edge is sometimes miniscule, as it is in blackjack, and you can frequently more than offset the house advantage by claiming promotional offers and using a little bit of common sense.
You may sometimes encounter free casino bets, matched bets and loss-back promos. Each of these forms of complimentary cash adjusts the mathematics of the games in question so that, in many cases, you can gain a positive expectation. Now, there's a lot of variance to these betting opportunities, so you can do everything right and still lose. But by shifting the numbers in your favor, you stand an excellent chance of setting yourself up for enviable results in the long run.
4. Brick-and-Mortar Casinos
We've focused on virtual gaming facilities so far because they're the most convenient for our readers, but plenty of pro gamblers have made their bones in live casino settings. Apart from spotting and exploiting errors in dealing and other subtle casino mistakes, perhaps the most important thing you can do is make sure all your play is tracked.
Casino reward cards exist so that these establishments can treat their VIPs right, but they only work if the customer actually participates. When you sit down at a casino table game, like baccarat, always make sure you present your club card to the dealer. When plowing through the rounds on a slot machine or video poker terminal, don't forget to insert your card into the channel provided for this purpose. In games with a low house edge, the value of the comps you collect can often exceed the casino's expected take from your play.
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| You can't earn comps without a rewards card, fool! |
“Queen of Comps” Jean Scott is well aware of this element of casino play. Over the years, this retired schoolteacher has parlayed her knowledge of correct video poker strategy and the intricacies of casino reward systems to pick up free vacations, top-shelf liquor and food, tickets to popular events and more. You too can achieve similar levels of rewards – but only if you remember to have your bets tracked through your player card!
It is possible to make a living – and a pretty decent one too – by gambling. But you have to ask yourself what kind of bettor you are. Are you one of the millions of chumps who trust in luck and/or prayer to swim against the current and become one of the handful of substantial winners? Or are you someone who engages your intelligence, patience and emotional fortitude to steadily accumulate earnings while always attempting to use every legal means at your disposal to turn the tables on the house? If you're a member of this latter group, then the tactics we've outlined above will undoubtedly help you in attaining your goals.
Saturday, June 11, 2016
Wednesday, January 20, 2016
MONEY MANAGEMENT in Gambling and Investing
The most important in Gambling and Investing is Money Management, otherwise said 'How you manage your Bankroll.'
Proctecting your capital.
Bankroll: Money
No Bankroll = no Money
No Money = no opportunities to make Money
Since you should never "play" with Money.
The 5% Money Management Rule
Gamble no more than 5% of your Bankroll.
I can make 20 Bets with my personnal Bankroll.
It isn't dramatic if I lose a few bets in a row.
I have the same philosophy for investing in the stock market.
In the long-run,
Discipline is better than good picking.
Since you can't always pick the winner.
Nothing is 100% safe.
Nothing is 100% sure.
Not even fixed fights and inside trading.
Everything is possible!
So you should NEVER dedicate more than 5% of your Bankroll / Capital on a single bet, investment or poker game.
BETTING ON WRESTLING
Sound like easy Money! Doesn't it!
Did you know that you can bet on WWE Pro Wrestling?
Just as you can bet on the American political elections.
Both are classified in the entertainment section.
Friday, January 15, 2016
Gambling Betting Odds Format Explained
Understanding the odds is the precondition of betting.
Most online sportsbooks give their odds the American way that will usually confuse the non-initiated. However, once you have sighed-up, the sportbook will let you choose between decimal, fractional, or American odds.
My favorite, and by far the easier to understand and most logical, are the Decimal odds.
Here below are some basic explanations of the three types of odds.
1. Decimal Odds
This is probably the most popular and simpler format. Decimal odds are favoured in continental Europe, Canada and Australia.
Formula: stake x odd = payout
If you put $100 on 1.50 odd, possible payout would be $150. including the $50 profit
These odds are considered to be best for parlay betting (accumulators), since the payout is simply the product of the odds for each outcome wagered on. Also, decimal odds are favoured by betting exchanges because they are most suitable for trading.
2. Fractional Odds
If the decimal odds are the most popular, fractional is definitely the oldest format.
Differently from decimal format, they show the possible profit (stake is excluded). Odds of 2/1 (the way to say is “two to one”, or less commonly “two to one against”) imply that the bettor would have $200 profit on a $100 stake. If the odd is 1/2 (“one to two”, or “two to one on”), the bettor would have $50 profit on a $100 stake. Odds of 1/1 are also known as evens or even money.
Converting this format into decimal is very easy, just divide fraction and add 1 (1/2+1=1.50)
Fractional odds are also used in horse racing.
3. American Odds
American odds are, of course, the most popular at US bookmakers but are offered by most online sportsbooks as well. They’re also known as “money line odds” or “lines” and are different for favorites and underdogs.
If the odd is worse than even, the figure is negative and it shows how much money must be wagered to win $100. If the quoted odd is -200 (1.50 in decimal format and 1/2 in fractional), it means you have to put $200 to win $100.
If the odd is better than even, the figure is positive and it shows how much money will be won on a wager of $100. If the quoted odd is 300 (4.00 in decimal format and 3/1 in fractional), it means you will win $300 with a stake of $100.
Conversion American odd to decimal depends on whether it is negative or positive. If it is negative, take -100, divide it by US odd and add 1. (-200 will be -100/-200+1=1.50). If it is positive, just divide it by 100 and add 1 (300 will be 300/100+1=4.00). Same principle is with conversion to fractional format. If US odd is negative, take -100, divide it by the odd and then convert to fraction (-200 will be -100/-200=1/2). If it is positive, divide it by 100 and convert to fraction (300 will be 300/100=3/1).
Monday, January 11, 2016
Casino magnate against online poker
Billionaire casino owner Sheldon Adelson is against online gambling in America?!?
Just like Pablo Escobar would be against drugs legalization.
Sunday, February 15, 2015
Biff Tannen sports betting picks secret
Even Warren Buffett wants a piece of Biff Tannen and his sports betting picks.
Back to the Future Part II
His Game: Sports Betting
Accomplishments: Becoming one of the richest and most powerful men in the world by using a sports almanac giving him 25 years of the upcoming sports' results in the future. The dream of everyone!
Biff Tannen ALWAYS picks the winners!
Back to the Future 's bully, Biff Tannen, was given the best thing a human being can receive. A sports almanac with the results of the next 50 years of sports. Which mean an endless source of Money since you always bet on the winners!
The Precious One
“ You see this book? This book tells the future. It tells the outcome of every major sports event till the end of the century...football, baseball, basketball, horse races, boxing... the records in this book is worth millions, and I'm giving it to you. „ "
~ Old Biff Tannen to his younger self about Gray's Sports Almanac.
“ I told you, it's all in this book. All you got to do is bet on the winner and you'll never lose. „ "
~ Old Biff telling his younger self about the Grays Sports Almanac before giving it to him.
Following his winning streak, Biff Tannen was nicknamed "the Luckiest Man on Earth" by the medias.
Then Biff Tannen quickly became one of the richest and most powerful men in America, if not the world.
Having several notable Hollywood starlets / sex symbols like Marilyn Monroe on his fuck list and an endless source of income, Biff Tannen lived the American Dream to the fullest.
Money, Power, Fame, $eX
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| Marty McFly was too stupid to use it. |
Friday, September 13, 2013
Chess and Gambling
I've found a very interesting article about the parallele that exist between being a good chess player and a good gambler.
Gambling: You do not need to be Einstein to be a successful gambler. The key to success is understanding your niche and what is possible within that area. Specialise in honing those skills.
Gambling: You don't need the memory of an elephant to win at gambling but understand which pieces of information are crucial to you in making that winning selection.
Gambling: Use your past successes to identify winning patterns. The realisation of the importance of this factor is of paramount importance . Train yourself to use this winning format time after time until it becomes second nature. You will instantly recognise both strength and weakness and the opportunities both may bring.
Gambling: A disciplined approach will lead to consistency even when under pressure. This can best be achieved by appreciating familiar gambling patterns/analysis.
Gambling: without appreciation of winning patterns will lead to persistent mistakes and 'embarrassing loses'. These are familiar mistakes and it is important to take time to understand why they happen. When you understand the foundation to these errors, you will avoid them. 'Familiar patterns of information are processed more efficiently than unfamiliar ones'.
Gambling: Whatever your approach to gambling your advantage comes from making the right decision for a given circumstance.
Gambling: The use of parallel processing and understanding of familiar winning patterns/analysis is more effective that even the most advanced computer programs. To be a successful gambler is not related to a test of memory but how to recognise patterns and use your strengths.
Gambling: We can all learn to improve as gamblers but be careful not to try and learn too much too quickly. Take small steps and appreciate what is behind your decision making. Learn what works and what doesn't and eradicate basic mistakes.
Gambling: Evaluate your understanding and how you implement this to your gambling. Learn how to make the most of opportunities and avoid poor outcomes. Improvement can be gained from these exercises but once again do not push yourself too far. Small steps are the key to success.
Gambling: To be a successful you need to be focused and passionate about your goals - both improvement and honing that winning formula. Improvement takes time and cannot be rushed and you may stay at that level for some time. Learning from the insight of others is particularly important. Continue to use what has been effective in your winning ways and through repetition it will become second nature.
Read the entire post on:
http://gamblerspsychologykit.blogspot.ca/2012/11/can-psychology-of-chess-improve-your.html
http://www.32redpoker.com/blog/2012/07/30/poker-chess/
http://en.chessbase.com/home/TabId/211/PostId/4008263
http://www.chessblog.com/2011/06/why-chess-players-good-at-poker.html
Thursday, July 25, 2013
How to Become a Billionaire Gambler
How to Become a Billionaire Gambler
As I said, this site is not about being a recreational gambler (loser). I will give you the tools and the inspiration to become a professional gambler, a professional investor, a professional speculator. By professional, I mean a winning gambler, investor, speculator. It is extremely difficult to achieve success in these three very similar domains. Like all activities, whether it's sports, arts, businesses, professions, you will need complete dedication to be successful. You must be passionated about it! You must live for it!
By this site, I will give you informations, inspiration, and the best places to do business with.
For me, the words investor, speculator, and gambler are all about the same.
Here are the most lucrative forms of gambling/investing with notable high rollers and their net worths.
1- Stock Market (Warren Buffett, $62 Billion)
2- Forex (George Soros, $9 Billion)
3- Horse Betting (Alan Woods, $670 million)
4- Sports Betting (Billy Walters)
5- Poker (Phil Ivey, $100 million)
6- Golf Hustling (Titanic Thompson)
7- Blackjack (Zeljko Ranogajec)
8- Backgammon (Falafel Natanzon)
You can even add...
9- Tennis (Bobby Riggs)
10- Pool (Minnesota Fats)
Always remember that Time is Money, Money is Power, and Power is the ultimate Aphrodisiac!
Wednesday, January 23, 2013
Millionaire Sports Betting Theory
I was checking one of my backlink when I've found this very interesting post:
My theory to becoming a millionaire by sports betting
- Have at least a bank roll of $1000 to start (every rich person didn't get rich from not investing)
- Bet 5% of your bank roll ($1000) on 20 games (so you have played your whole bank roll on 20 different games
- On average, I have calculated in order to break even you need to win 54% of the games
- So imagine taking 20 games in a season of your favourite sport and only having to guess 54% of them correct, easy huh?
- Gain anything over 54% and you can make a profit
- Average percentage increase in bank roll each week is 7% from going over the 54% thresh hold
- Each week your bank roll increases by 7%
- Week 1= $1070 week 2= $1144 week 3= $1224 and so forth
- 7% may not sound like much but once your bank roll gets bigger, 7% increase becomes more noticeable
- Repeat this for a few months
- Include interest rates from saving which will further increase your bank roll
- Eventually you will reach a million
Tip:
Don't spend any of your bank roll untill you reach a million or unless you get into extreme financial hardship. Spending your bank roll will slow down the process.
Never bet more than 5% of your bank roll on any 1 game.
Don't be greedy.
EDIT: The figures are averages that have been calculated by myself and various other betting bloggers and experts alike.
Thankx to calvesbrahhhh from bodybuilding.com forum
http://forum.bodybuilding.com/showthread.php?t=148331683
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