The Best Ways to Profit From Gambling Or Day Trading

While I am a theoretical physicist by training, my first job offer after graduation was not in physics. It was in gambling. Less than a couple of months after defending my dissertation I was headed to Los Angeles. Here, in the heart of the southern part of the Golden State was to be my first job. More precisely, it was to be for a gaming company in Beverly Hills. The company was founded by two gamblers who had happened to make a fortune playing Blackjack in Las Vegas. Now they had other people play for them in local Southern California casinos.

But they were not playing against the house. They were playing for the house which always has an edge. My company would simply employ these people to work as prop players. As such, they were trained to play various casino games (Blackjack, Pan Nine, Pai Gow Poker) and were paid an hourly wage for that which was certainly very competitive compared to the minimum wage. I was in charge of developing training software for these players based on optimal strategies that I was also responsible to work out.

For these people it was really a risk free job in gambling. There are more players like that out there. Because of the huge popularity of poker (especially Texas Holdem), some casinos employ prop players to keep the poker tables running and make money off “the fish”: inexperienced players, frequently tourists.

There are also prop daytraders who trade using the capital of a firm that employs and trains them in their proprietary strategies. However, often prop traders are required to put in some deposit, a small capital of their own. Yet, this is also pretty much a risk free job save for the deposit that may not be returned.

And there is yet another good way to profit from gambling or daytrading. Who do you think made more money during the California Gold Rush in the mid 19th century: those mining gold or those who were supplying shovels to them? And whose job was easier? While some people did strike gold and became rich, it’s probably safe to say that many more ended up rich by selling tools to the miners. And there is nothing wrong with that: virtually every human activity requires tools, that’s what separates humans from the rest of animal world, and before you develop your own, if necessary at all, it only makes senses to start with what is already available on the market.

Yes, it is certainly possible to make money as a vendor, a developer of systems, strategies, or other tools, without actually gambling or daytrading, although a respectable vendor is expected to have some practical experience in the field in which he operates. These days, with the Internet becoming the most ubiquitous and versatile form of communication ever, it is very easy to sell tools for gamblers and daytraders via one’s own website.

All you need to know, except for the expert knowledge of gambling or daytrading, is how to go about it. How to create your own eBook or software, how to create a website for its online presence, and how to market it. While all this may seem a bit daunting at first, for first steps in virtually anything tend to be particularly challenging, many have done this already and many more will certainly follow in their footsteps. In fact, it is much easier to do so these days than it was a few years back as now there is more information and more tools dedicated to helping new authors publish and market their expert work.

Recently I have come across some excellent work that specifically addresses the job of creating and marketing betting systems on the Internet and makes it particularly easy through the tools it provides. This work can be also of use to those who would like to know how to market trading systems and strategies.

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Reduce Your Online Gambling Losses to Make Money

For centuries, people were trying to beat the odds by trying out their luck in gambling. The ancient Romans did it, the ancient Chinese did it, and up until today, gambling is still part of human culture. The concept of gambling has never changed up until today. You bet money on a particular game, and if you win, or the person you bet on wins, you get to win more money or sometimes double the amount that you originally wagered. Today, you will see that people from all over the world are now having a lot of fun with online gambling.

Online gambling has a lot of advantages. Because of this fact alone, people from all over the world visit online gambling websites and try out their luck. Here, you will be able to find different kinds of gambling. You can play casino games, such as black jack, different versions of poker, baccarat, and even slot machines and roulette. Whatever games you can find in a casino, you can be sure that you will be able to find it on some of the largest online gambling websites today.

In fact, there can even be games here that you can never find in any physical casinos. There are even sports betting websites available where you will be able to bet on your favorite sports teams in the NHL, NFL, NBA, MLB, and even in the NCAA. Horse racing is also very popular and betting can now be done through the internet.

Whatever type of games you like to gamble in, you can be sure that these games can provide you with a lot of fun and also a way to double or even triple the money you have.

However, there is still the question on whether there is a strategy in winning on gambling. In gambling, you have to remember that this is a game of chance. There is no guarantee that you will win and unless you can see the future, you will experience losing in gambling. There are theories existing on how to win in different gambling games. But, the real strategy in gambling is that you should never expect to win every time.

Gambling basically means risking something in order to gain something. If you want to win in gambling, you have to remember that the best thing that you can do is minimize losses and maximize your chances of winning. So, how can you do that?

First of all, you should never set a goal on how much money to win. If you do this, then you are always expecting to win. Instead of doing this, you should set a limit on how much money that you can afford to lose. This way, you will be able to know when to stop.

You have to remember that some people don’t know when enough is enough. When they lose, they try betting more and more money in order to win back what they lost. In the end, they tend to lose a lot of money while gaining little. People also do this because of desperation. Maybe they wagered their children’s college money? Or, that they wagered money that should be used for paying for the mortgage? Whatever it is, you should never wager something that you cannot afford to lose.

If you have some extra cash, then this is what you should only use for gambling. Also, don’t think that because you are on a roll, you will never lose. It really is a good feeling to win one after the other. However, if your winning streak breaks, it’s time for you to stop.

If you win, stop gambling and treat your winnings as a bonus. Buy yourself something nice for a change. However, if you lose, then you should stop and treat it as losing some of your extra cash that you can always get back on your next salary. And, most importantly, you had fun.

With this kind of mentality, you can be sure that you will increase your chances of winning and keeping your winnings as well as minimize losses. Online gambling can be a lot of fun. This is also what you should look out for. Even if it is online, it can still be addicting. Never take gambling seriously and only gamble for entertainment and never as a way to make a living.

Gambling Tips For Major Casino Games

Casinos offer a variety of games for their patrons to play. This isn’t just a way to expand their profits; it’s also a way to provide those patrons with a diversified gaming experience.

If you are out and about in casinos and are just looking to have fun, maybe try your hand at a few different games, you will want tips on the major games so that you’re ready when you walk up to these games. Knowing even a little will allow you to be better prepared for the variety of games offered for your gambling amusement.

Baccarat:

– Do not use the scorecard. Scorecards are used by players to track the results of previous rounds. Players believe that they will be able to spot patterns and can adjust their wagering accordingly; and casinos will encourage this. The reason you do not want to track the outcomes of previous rounds is because each round is independent of the last. In other words, the round that just finished has no impact on the next. Casinos would like you to believe that you can spot patterns in hopes that you will give yourself false confidence, raise your wagers and over time lose more money to them.

Blackjack:

– Use a basic strategy chart, especially if this is not a game you play often. A basic strategy chart tells you the best statistical play for each hand total that you can have versus each dealer’s up card. This chart is legal to use in casinos, and some will hand them out. They perpetuate the belief that this chart will allow you to win every hand, when in reality it will not; they are hoping that you will lose a couple hands and toss the chart aside. The reality of the basic strategy chart is that, while you won’t win every hand, you will win more over time; and if you play each one of your hands according to the chart’s plays, you can lower the house edge from 2%-5% down to 0.5%. This is the best strategy tool for any blackjack player, whether you are a strong player or a novice.

– Do not take insurance. Insurance is only offered when the dealer’s up card is an Ace. The casino’s guise for this is that you are insuring your bet in case the dealer has a natural blackjack so that you won’t lose your entire bet. But this is really a side bet on whether or not the hole card is a ten value card. In the long run you will lose more money by taking insurance since you are actually placing two bets: one on whether or not you will bet the dealer and another on what the hole card is. Save your money, turn down the insurance and take the gamble.

Craps:

– If you are looking to make place bets, the two with the best paybacks are the 6 and the 8. Place bets offer more solid means of making a return on your bets. But there is a difference between the 6 and 8 place bets and the Big 6 and Big 8 bets. Casinos are banking on players who are just stopping by to play one of the games with a glamorous image and won’t know the difference between the two. They are hoping that in ignorance you will make bets on the Big 6 and 8 rather than the place bets.

– One other thing not to get confused at the Craps table: buying the 4 and 10 will be less costly than trying to place them. However, trying to place the other numbers is cheaper than buying them. So. Buy 4 and 10, and place the other numbers. This will also help increase your chances of making a return on your wagers.

Keno:

– The one thing that you must remember in regards to Keno is that it is a true game of chance. There is no way to predict what numbers will be drawn. And the previous round will not influence the next. This game is meant as pure gambling entertainment. The best thing that you can do is to pick a set of numbers and not change them. Eventually you might win. Keno can be likened to state lotteries: you buy in and maybe your numbers are drawn and maybe not.

Roulette:

– There are usually two types of roulette in most casinos, each with their own wheel. They are American Roulette and European Roulette. The difference is that the American wheel has a 00 pocket whereas the European wheel does not. This dramatically changes the odds. American Roulette has a house edge of 5.26% while European Roulette’s house edge is only 2.7%. Always play European Roulette because it has the lower house edge-its house edge is lower than slot machines.

– When it comes to the many betting options that you have on the roulette table, stick with the outside bets with the 2-1 payout: the Column bets and the sets of 12. They don’t have as high of a payout as the bets inside the number grid, but it is a safer bet. The numbers inside the number grid offer higher payouts but you stand a better chance of losing your money. The betting spaces that offer 2-1 payouts cover a third of the numbers apiece. This gives you a reasonable shot at winning where you can still make a return on your bet.

– If you just want to play for fun, place your wagers on the even money bets: Odd, Even, Red, Black, 1-18, 19-36. Each of these betting spaces will cover half of the numbers on the wheel. These betting spaces are the least risky but offer the lowest payouts. Wagering on those will give you the thrill of roulette without breaking your bankroll.

Slots:

– First understand that slots are random. Some do have better odds than others. Don’t run up to any slot machine and start feeding it money. Stand back and watch. If you notice a section of slot machines that nobody seems to be playing at, it could be because locals know that those machines are cold and won’t play them. You should avoid them too.

– If you want to hang on to your bankroll, do not bet large amounts of money for each spin of the reels. Slot machines can run through your money faster than you might think. Once you hit a decent payout, walk away. Don’t risk losing the payout you’ve won by being greedy.

– About the signs posted over the banks of slot machines-it applies to the entire bank, not just one machine. For example, you might see a sign over a bank of slots that offers a 99% payout. That doesn’t mean that every machine in that bank has that payout-it means that only one machine in the whole bank is required to have that payout. The other machines could have any payout.

– With the technology of slot machines changing, you will find that more and more are electronic. Coins are no longer being fed into the machines. Instead you are playing for credits using a ticket or a card that you insert into the machine that reads your player data. These aren’t password protected. When you get up to leave, make sure you take your ticket or card with you. If another player finds it they can use it.

Gambling isn’t just about making money; it is also about having fun. And having a few gambling tips in your pocket can only help to improve your casino experience.