Money Management

Money Management in Online Gambling

Money management is an important aspect of online gambling. Since, there are innumerable risks involved in the field of casino gambling, one needs to be careful. In fact, it has emerged as one of the most bantered term in this domain. Moreover, without money, no matter how indomitable the player is, he does not stand a chance. But then, managing money over here is not that easy as it sounds. One needs to have

* Strategy
* Patience
* Self control

The term “money management” has different interpretations for different gamblers. For some, it means the bankroll management for increasing one’s longevity at the table but for others, it’s a certain kind of betting strategy which decreases the edge of house advantage. Numerous books and articles for casino games have been inked for this subject. But most of the times, all of them reveal the same theories and tactics. At times, for those players who are about to set their first foot forward, these articles act as warnings rather than guides. So, here is a very fundamental revelation of the need of money management and the tricks to adopt for it. Need of money management

“Who cares?” Even those who are filthy rich cannot afford to think so, in terms of online gambling, which has mercilessly devastated thousand of gamblers. No doubt, online gambling is an addiction, but at the same time, intelligence and wise betting aid in extra income.

Unlike lottery, no one transforms into a millionaire within a single night, at online gambling. It’s more similar to stock exchange and sports betting. Luck cannot be the only aid to depend upon. Moreover, defeating the housing advantage is quite tricky. After all, in online gambling there are no opponents who can be scrutinized, followed and tricked. Every game is a new challenge. Ignorance and lack of proper money management have led to stupendous failures for outstanding gamblers. For those, who had adopted online gambling as their only profession, this failure has doomed them to utmost degree of bankruptcy. Generally, gamblers donot indentify the grave consequences, which occur after the incessant losses.

Gamblers might not win a losing bet by having more money but they definitely can play for longer bets, thereby compensating their earlier loses. With money, the online gamblers also have the sense of security and thus, they can delve into more risk cycles.

But before starting with any online casino game, the gamblers should know the following answers.

* The amount that can be spent before calling off the game: The gamblers should only bet as much as they can afford to lose. It takes only a second to transform into a panicked gambler, who is engrossed in recouping losses by taking wild odds.
* The amount that can be accepted before calling off the game: Logging off from the casino site as a winner, too, demands self control. One has to be reasonable enough to prevent oneself from further paroxysms of temptations.

This is the most basic fundamental of money management. Until and unless, these two basic judgments are not made by the gambler, in advance, he might end up losing all his financial assets. Understanding constancy of house edge

The entire concept that betting system can affect the house advantage is mere fallacy. It’s similar to making the payment of mortgage o double basis rather than per month. This will in no way affect the interest. In the same manner, doubling the amount of a single bet and escaping one bet, might not make a lot of difference. The fundamentals of money management

The entire aim of money management strategies and techniques is to enhance the earnings of the online casino player. This also works for lessening the house advantage for the online players, without increasing the risk cycles.

But at the same time, here are a few facts which justify losses in spite of flawless usage of money management.

* The strategy does not make you the indisputable winner of every table or card game. It just maximizes your winnings and reduces your loss.
* Bad play of bad luck cannot be compensated by the usage of flawless management strategies.
* Always remember that the House Advantage has ample strategies to wear out the gamblers who might have been using goal based money management strategies.

Some disastrous additions to managing strategies

* Double after losing bets: Few casino experts believe that this might, somehow, lessen your losses. But then, if main trouble initiates when the number of lost bets increases. No doubt, such big losses cannot be recovered.
* Double after winning bets: This is also known as let-it-ride technique. This strategy confirms that the biggest loss occurs at player’s highest bet, which indeed is not an intelligent decision.

Some important tips for money management are as follows

* Do not invest your entire bank roll for just one session of online gambling. It’s advisable to divide one’s bankroll on the basis of gambling sessions. This

U.S. Gambling Culture

U.S. Gambling Culture Spreads to Wall Street

In 1995 we saw the emergence of internet casino gambling, which includes playing games of chance such as poker, blackjack, and roulette as well as betting on sports events. By the year 2000, nearly 300 companies around the world operated almost 2,000 internet gambling websites. And in 2005, worldwide online gambling revenue is expected to be over $US10 billion for such operators while a total of $US 200 billion is expected to have been wagered.

Widely an issue of intense debate since its inception, the criminality of online gambling has been argued at the U.S. Department of Justice as well as in the halls of the U.S. Congress. But since internet gaming sites are primarily offshore, U.S. residents are presently not held accountable for breaking federal law in the absence of such precedent. However, individual states may mandate such practices illegal, going after banking institutions to prevent such transactions, for example, but individuals have not been prosecuted.

The prevalence of online gaming and the large revenues enjoyed from it has however prompted major U.S. brokerage firms to claim their piece of the pie. At stake is whether or not the Department of Justice will apply the Wire Act of 1961 in enforcing the law and how long it will be before the Congress can agree on passing new legislation which will help strengthen the Wire Act. The main dispute is that the Wire Act was intended exclusively for placing bets on the phone to bookmakers for sports events, and was largely put in place by then Attorney General, Robert F. Kennedy, in order to discourage organized crime and bookmaking. Whether the law now applies to communication between a home computer and an establishment or casino not located in the U.S. still remains a gray area.

But in the era of industrial globalization, it appears that firms such as Goldman Sachs & Co., Merrill Lynch & Co. and Fidelity Investments are willing to risk the vagueness of the law in order to make investments on behalf of their clients by way of stocks and mutual funds. By providing financing for offshore casinos the question remains whether they are skirting the law as well as whether they are making reliable investments for their clients, for whom most have no idea that their mutual funds are involved in such ventures.

It is now commonplace for American firms to invest in overseas corporations, even those which may be considered illegal under U.S. federal law, such as those manufacturers utilizing sweatshops and child labor or by outsourcing business to countries which do business with other countries sanctioned by the U.S. government. However, the issue of online gaming is perhaps just the latest industry in worldwide commerce in which laws and customs have not yet caught up to it, given the sophistication of the technology involved.

The argument is whether someone who generates a gambling transaction from their living room to a country outside of the U.S. qualifies as an illegal U.S. transaction and whether or not it can be reasonably policed beyond U.S. shores. In addition to the Wire Act, the Professional and Amateur Sports Protection Act was enacted in 1992, which banned all wagering on sports events in all states except those with pre-existing operations in the states of Nevada, Oregon and Delaware. That was followed by both President Clinton’s administration as well as the present President Bush’s administration both of which conveyed that the Wire Act applied to all forms of internet gambling and therefore illegal under existing law.

Yet the U.S. Court of Appeals for the Fifth Circuit in 2002 interpreted the Wire Act in another way. In Thompson v. MasterCard International et. al., the court affirmed a lower court ruling that according to federal statutes sports betting conducted over the internet is illegal, but casino games are legal. As such, since the Wire Act was specifically enacted to prevent sports betting, it would seem that the court got it right, with the gambling industry arguing that banning online gaming would require additional legislation.

And in 2004 the World Trade Organization got their say when the Caribbean Island nation of Antigua sued the U.S. government in 2003 in an effort to block U.S. actions to prohibit online gaming. The WTO ruled that the U.S. government was in violation of commercial services accords, and that the U.S. could be subject to trade sanctions. But Elliott Spitzer, New York State Attorney General, through his Internet Bureau Office lodged an investigation against national banking institutions based out of New York such as Citibank, N.A., Bank of America, N.A., JP Morgan Chase & Co. and MBNA America Bank, N.A., that process credit card transactions online. They as well as Visa and MasterCard agreed to voluntarily block transactions to online gambling sites with respect to the laws of the state of New York. However, other states must set up their own mechanisms in preve

Women’s Gambling

Women’s Gambling

There is a major difference in the way women and men gamble. Gambling is no longer just the favorite pastime for men; it is also one of the most famous activities for women. With women becoming financially independent today, they have taken to gambling in quite a big way. Gambling means different things to men and women. A woman’s perspective to the game is different because they are quite subjective while men are more precise and stick to the facts.

Game play of men/women

Men play the game for winning and money is the focal point of gambling for them. While women too play for winning, it is the way they play that makes all the difference. In most cases, men stick to the facts and make use of statistics to win at the game. Women give more importance to emotions and feelings and they are good at reading the emotions and expressions of their opponents, which they then use for their advantage.

While men enjoy poker and blackjack, casual women gamblers stick to slot machines since these are easier to play and a lot of fun too. However, when it comes to professional play women too prefer blackjack and poker. Women are in fact quite good at card games, especially poker, since they understand the psyche of other players and are amazingly good at reading expressions and can easily manipulate their opponents by being able to hide their own tells.

Reasons why women gamble

There are plenty of reasons why women turn to gambling. The first and the most basic reason is that gambling provides them a way to escape from everyday troubles. When they are gambling, women are care free and they enjoy the game without thinking about home, work or anything else. Also, most women gamble since it provides them with a lot of entertainment.

The third reason why women gamble is to make money at it. There are plenty of women who gamble part time or even full time to make additional money from it. Casinos are the perfect place for women to gamble since it allows them to interact with the other players and a venue where they can make the best use of their abilities. Online gambling is also quite popular for women since it allows them to play whenever they want from the comfort of their home. With so many online gambling sites on the internet today, women have plenty of choices.

As is the case with men, addiction is also not uncommon in case of women especially when it comes to online gambling. With the amount of money that they can win in the process, it is not surprising that women do get addicted to gambling.

Gambling can be the perfect way for women to have some fun and win money too. The only thing that women need is a little support and some knowledge on playing the game right. There are plenty of stories of women who have made an admirable career at gambling to give them inspiration.

Online Gambling Sites

From Chips to Clicks – The Emergence of Online Gambling Sites

Shortly after the appearance of the Internet, gambling was transformed into a leisure at-home activity in the form of online gambling sites. These websites have revolutionized the casino industry, allowing for gamblers to experience the thrills and excitement of being in a casino from the luxury of their own home. People no longer have to travel to the nearest casino; gambling websites have brought casinos to the people.

Online casinos feature the same popular games as the live casinos. They offer everything from the classics, like blackjack and roulette, to the games that have just recently gained popularity. However, casinos are notorious for offering an unforgettable experience, so it is essential that internet websites offer an additional competitive aspect. What sets the them apart from the live casinos?

Internet casinos are not able to provide the same boisterous atmosphere as live casinos, yet they continue to grow in popularity. One obvious advantage is the ability to gamble from the luxury of home; however, this is certainly not the only benefit. For example, casinos can be extremely intimidating, especially if you’re looking to try a new game. Websites allow you to practice your skills at games without the fear of embarrassment. Many sites also offer free play, another excellent way to practice new casino games.

In addition to the ease of playing at home and a less intimidating atmosphere, online websites offer another extremely important advantage over live casinos. They do not have to pay for the flashy machines, the experienced dealers, or the top-of-the-line vaults and are therefore much more cost effective. This allows for many sites to offer smaller house edges, which means you have a better chance of winning. All of these benefits allow for a competitive gambling experience for their customers.

Online gambling sites are taking the world by storm. If you’re looking to gamble but do not want to travel to the closest casino, these internet casinos may be for you. Not only do they offer convenience, but a less threatening environment and a cost effective budget allow for a potentially superior gambling experience to that of live casinos.

Gambling Addition

How Will A Gambling Addition Effect You?

Gambling addiction is a growing problem for people all across the world. Whether it is gambling on sporting events, horse races, table games, or the increasingly popular poker games, the result can be the same. Certain people can gamble all day and it will never affect them. They will never feel like they are losing control no matter how much money is won or lost. Then there are the problem gamblers. They are usually good people, but they turn into degenerates when it comes to gambling. Most of their issues are either competition based or money based and their problems can become extremely large if problem gambling is not checked.

Compulsive gamblers who suffer from gambling addiction have as difficult a time with their condition as people with smoking, alcohol, or drug addictions. It doesn’t matter if they are winning or losing, either. Gambling addiction can make people feel just as terrible when they are up as when they are down. It is when those gamblers hit rock bottom that the real problems occur, though. When money is owed to different sources, people will do just about anything to get it. This can lead to crime, dishonesty, and a whole host of social problems that will simply compound the problem gambler’s awful set of circumstances.

There are not a whole lot of cures for gambling addiction. One cannot just go into the store and purchase a pill to kill gambling addiction. Instead, mental issues must be worked out in order for a person to shake the habit. Hypnosis has been proven to be a good remedy for gambling addiction. Hypnotherapy is not just something that they portray in the movies. It is a real treatment for many problems that people experience such as addictions.

Like most hypnotherapists, I have been using hypnosis to stop a bunch of different problems. Most commonly, people come into my clinic in search of help for different addictions like smoking and alcoholism. Recently, I have been taking on more cases for gambling addiction, though. With the raging popularity of poker on television and gambling in general, there are more people who struggle with gambling addiction. When it seems like all hope is lost, that is when hypnotherapy can work the best. If you are struggling with a gambling problem or any other issue and you think hypnosis could help, then you need to get information on the process and begin to change your life, today! It’s the best decision you can make in getting rid of your gambling addiction.

Avoid Gambling

Top 10 Reasons To Avoid Gambling

10. The cause of indolence

Gambling affects your life negatively. If you are a regular, you might have missed your work occasionally because of a late night games at the casino. On the other hand, if in case, after a major loss you make an attempt to work you won’t be able to concentrate for your mind will be preoccupied with the depressing thoughts from the loss. Many of the gamblers depend on the “luck factor” and start day dreaming ultimately losing interest in their job.

9. Results in depression and anxiety

Gambling addiction can be the reason of anxiety, depression and a host of other mental problems. The pressure of gambling addiction can generate terrific emotional pain which can only get worse over time. If you are a gambler and you feel anxious or depressed, it is suggested that you seek help right away. Gambling addiction has the highest number of suicide rates. Individuals are overwhelmed by this obsession and become despondent and hopeless, believing suicide is the only way out of the pain.

8. Deteriorates your physical health

If you have been gambling on a regular basis your physical health is at stake. People who gamble impulsively start neglecting their health. Additionally, the stress of the gambling obsession can even cause stress on your heart, particularly after shocking monetary losses. The emotional fall can in fact have an effect on your physical body in negative ways. A sheer game of luck, it will only cause you pain and nothing else. Is it not one of the big reasons to avoid gambling?

7. Makes you selfish, moody and rude

I have witnessed a lot of individuals who underwent a moral transformation to the worse after they got into gambling. The habit destroys the person ethically and makes him moody and rude. The greediness keeps his mind engrossed in the imaginary money, ultimately making him selfish. Inveterate gamblers don’t think about other people. Their only aim of life is to finance their addiction and to win back their lost money.

6. Will make you lose your friends

You might be wondering how this habit of yours will make you lose friends. Well, if you are in a habit of gambling then it is more likely that if not today maybe later you’ll borrow money from them. Chances are you’ll not be able to pay them in time due to frequent losses. This will really cause strain in your relations. In addition, your addiction will make you ignore your friends as you will be preoccupied with gambling. You may then even miss social outings and some very important events.

5. Ruins your family

Gamblers are too tough to reform ultimately turning out to be a loser and having no family. Not a soul wants to be in this world with a gambler who is grumpy, unstable and squanders funds. So the outcome is the spouse filing a case of divorce or just leaving the partner. Many families have been torn apart by this disastrous obsession.

4. Induces crime

Fascination of gambling compels people to commit crimes to support their game. An impulsive gambler never leaves this addiction even when he is left with no money and instead takes on crime to finance his very basic need of gambling. Some people even turn towards domestic violence and torture their spouse on a daily basis.

3. Diverts you from your aim

When your life is all about gambling and just gambling, it then becomes your primary activity. All of your vigor, motivation, energy and inspiration are only gambling related and you tend to lose focus on the main aspects of your life. If you have any special talents or hobbies, it is most likely that these hobbies will not be given priority and you’ll choose to ignore them.

2. Puts on hold all your future goals and aspirations

When you are addicted to gambling, it is obvious to stop thinking about the future. A gambler always lives for the moment and desires only instant gratification to feel what is known as the “gamblers high”. It becomes very hard then to focus on any of the future prospects as they tend to live in a world of fantasy, placing bets and dreaming that big jackpot. Neglecting aspirations and all future goals is living a worthless life and therefore this is one of the prime reasons to avoid gambling.

1. A curse that destroys you financially

It doesn’t take a lot of time to dig up a huge financial hole if you have an impulsive gambling obsession. Gambling can take away hundreds or perhaps even thousands of dollars in no time and add up to your debts. I have seen that people take lots of years to clear the debt and in their endeavor they even become bankrupt, ultimately devastating financial as well as personal life. Money is the reason why we all live and therefore the biggest of all reasons to avoid gambling is to save money.

Casino Gambling

Casino Gambling – Recent Developments

The concept of casino gambling is a recent development and it is to be noted that gambling has been existing for thousands of years in different civilizations. What is the definition of gambling then? Well, it happens to be the wagering of money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods. In general, the outcome of the wager is evident within a short period.

It should be kept in mind that gambling is regarded as one of the most primitive professions of human beings (other one being prostitution) and for this reason lots of references and also evidences, regarding its dominant position in an assortment of civilizations, are found. There is no doubt that human beings, irrespective of differences of sex, class, region, are inclined to take the risks or gamble and hope to achieve victory in return. This led to the growth of gambling’s popularity considerably and has been unabated so far. While people, in earlier days, used to apply coins and dices to decide on their fate, there is the presence of casino gambling nowadays.

As per researchers, casino gambling is the result of the notions of using coins and dices in the past. It is also true that casino gambling is very popular in this day and age and the popularity of the game is taking its toll for several decades now. The introduction of Internet has made casino gambling more popular and people are becoming its ardent admirers to a greater extent.

The idea of online casino gambling did originate from a small island in Antigua and Barbuda in 1994 and it was the same year when the legalization of online gambling was passed in Antigua. In the history of online casino gambling Antigua and Barbuda holds an exceedingly important position since owing to it, internet gambling has moved forward to the next generation and continues to rise high up to this present date. It is worthwhile to mention Microgaming and Cryptologic, in this context. While Microgaming is the first gaming software provider that was used to power online casinos, Cryptologic is an online security software company that made the necessary steps to make online gaming safe and secure.

How is casino gambling performing now? In this respect, credit must be given to internet since its application and presence in day-to-day life has made casino gambling popular than ever before. This enables one to play the game any time and anywhere. However there are oppositions to online casino gambling as well. The foremost of them are US officials who seriously find the legalization of online gambling repugnant. But this has failed to check the rising number of admirers and now, according to records, online gambling industry is definitely on the threshold of becoming one of the biggest profitable industries in the global arena.

Stop Gambling

Stop Gambling Addiction For The Compulsive Gambler

Compulsive gamblers search for a solution to their gambling addiction though new innovative websites and local community resources, As they begin their search they have more and more questions and less and less hope that they will succeed.

The following is the process some compulsive gamblers have gone through as they attempt to stop their gambling addiction:

1) Compulsive gambler tells either one family member or friend they have a problem

2) Compulsive gamblers ask either their family member or friend to tell no one.

3) Compulsive gambler no longer has the ability to focus or see reality for what it is.

4) Compulsive gambler knows they have a gambling addiction and search the web for a solution.

5) Compulsive gambler really does not want to stop gambling but believes they have no choice.

6) Compulsive gambler misunderstands what people are trying to tall them.

7) Compulsive gambler continues their search as their belligerent behavior escalates.

8) Compulsive gambler attacks stop gambling websites because they charge $19.95 per year even though they use to lose over one hundred dollars and hour gambling.

9) Compulsive gamblers by now have lost all rational thought.

10) Compulsive gambler isolates themselves from loved ones as they search for a solution.

11) Compulsive gambler finds a stop gambling addiction website/

12) Compulsive gambler tries to control their recovery with negative results.

13) Compulsive gambler makes excuses not to continue with the stop gambling addiction website.

14) Compulsive gambler still believes there is no way out and goes back to gambling.

15) Compulsive gambler runs out of resources to gamble again

16) Compulsive gambler has no choice but to stop their gambling addiction

17) Compulsive gambler admits there is a problem gambling and is ready to try anything that will work for them.

18) Compulsive gambler’s stress increases as this process continues.

19) Compulsive gambler rationalizes that gambling reduces their stress.

The compulsive gambler repeats the above over and over until they find a recovery program that is really able to stop their gambling addition.

There are wonderful stop gambling programs available to meet the needs of every compulsive gambler. The compulsive gambler will stop gambling when they are ready to stop. Once they are ready their self destructive lives will change and through time their debt will be paid off.