Currently, she writes for a number of horse racing and betting websites, as well as relying on her friends in the multiple facets of the equine industry for writing inspiration. In addition to being a fan of horse racing, she has also had a chance to get to know jockeys, horse groomers, and betting clerks as an ESL instructor.
Maryam Louise is a longtime resident of the Bluegrass State and has lived in the shadows of Churchill Downs in Louisville, Kentucky over the past two decades. You may contact Maryam with your comments and questions.
When it happens, you will NOT BELIEVE that the roulette wheel could have possibly landed on “Red” 12 times in a row. You are HOOKED on this now. It has to do with the fact that YOU WERE PLAYING ROULETTE!!! You WILL LOSE all that money eventually! It is inevitable.. It worked once, so it must work for everyone all the time!
The fact that you ended up “only” winning $10 has nothing to do with the on-line program being rigged. I promise you that it’s only a matter of time before you go broke. IT HAPPENS!
FANTASTIC! My system works, too!!!
I take my entire bankroll – EVERYTHING I’ve got! I walk up to the roulette wheel and slap it all down on BLACK!
Try to beat roulette at your peril.
I’ve only done it once, and it worked.
As huckleb…..uh….DividedByZero and JackAce alluded to – ANY system can work on ANY given day! That doesn’t mean you have a system that “works”.
Bank Management: Managing banks is not just staking, it also involves listing every bet on a spreadsheet so you can monitor things like average odds, strike rate, losing runs, etc. If you cannot profit with 10c bets, how the hell will you profit with $100 bets?
This advice goes for betting in any country, on horseracing, greyhounds, soccer, NFL, poker, etc.
4. If you do not list every bet, you will have no idea where you stand, and no way of having data to look back and learn from.
2. That may not sound much but you have to learn to walk before you can run. Staking: You see betting plans for sale on EBay, most of them may make you a few dollars quickly, but it is 100% guaranteed they will bust your bank as these are designed by amateurs who have no understanding of gambling maths in the real world. Once you have proven over a few months you can turn a profit with level stakes, and then you can switch to each bet being between 1%-3% of the bank. The best way to treat fun bets is to handle them as you would any pro bets. Patience: If you want big profits now, try the lottery. It is as simple as that. You may have a spare $10,000 available, but prove you can profit with a $1000 bank maiden, and then add to the bank monthly.
Most folk are under the opinion that professional gamblers have one bet, play one game of poker, or some other form of gambling, and then collect the winnings and go back to their big mansion for a few months rest, before having another gamble!!
I pray it was like that, but in valid life it is vastly different. Alcohol: NEVER drink while betting, you will bet more than you should, you will bust banks, you will play bets you would never do when sober.
So here are the 8 tips you need to learn, and stick to religiously if you want to stand a chance of ever making money from gambling.
1. Anyone who tells you otherwise is possibly lying just to receive your hard cash.. Always onset with levels, if you cannot make hard cash with that simple staking plan you will not make bankroll with anything more complicated. Yes it can pay well, very well, but you need to put in a lot of work, and it can be 2-3 years before you are making any meaningful hard cash. Forums: Join a forum where you can bite ideas, this can prove a powerful aid, but make sure it is a decent one, and not full of idiots just spouting off how good they are!
8 Top Tips for Becoming a Professional Gambler in Horse Racing, Poker and Other Sports
by: Keith Driscoll
When you see tipping advertisers stating things like “We made $26,000 to $100 stakes in the last 12 months”, it looks sensational. This is because they have such a considerable turnover; they need to keep replenishing the customer base. They spread it around, and so should you. And ensure you have a separate betting bank for each (you can use the same betting account, as the spreadsheets you keep will tell you the amount which is in each bank).
So if you are looking for a relaxing life, do not take up betting as a profession. Fun Bets: You are often told not to do any ‘fun bets’ if you wish to turn professional, but this will not happen, as it is hard to break old habits at first. Wow!! If you are just starting off you are likely to only be using a realistic $5, so that is $25 a week average. Use a number of systems, proven tipsters, method bets, etc. And how innumerable average gamblers have $100 to bet, especially when you need a betting bank, and with $100 stakes, the cash you need before you even place one bet is around $3,500, any less and you can easily blow it all. Also think why various tipsters advertise every day. However, they need to receive your attention as a 1/8th ad in a paper costs around $500, and they need that money back before turning a profit. Do not do that, be truthful.
If you are going to gamble to profit, then for the inaugural few months this should be your conditioning were you will be doing a lot of work for little return, but you will also learn how to handle losing runs, how to cope with mistakes, and if it does all go improper and you lose the betting bank, you should have learnt a lot from it for as little loss as possible, as you should only ever bet what you can afford to lose, especially while proving to yourself you can profit. I personally work 10-12 hours a day, 360 days a year, and still do a bit on the days off, including Christmas day. Betting Banks: If you do not have a betting bank to emergence with, and you are just betting from whatever is in your pocket, you will never make a profit. This is usually suicide, you do not see the big boys in the city markets investing everything in one stock do you? No. Risk Management: Most people follow one tipster, or one system. Search the web for reviews on every product before parting with any money; ask people on forums which software is the best.
5. This does not always mean the tipster is rubbish, in some cases they may be profitable long term, but the average Joe Punter always wants profit NOW and every day, and average Joe points more than 5 points per week, whereas a full time professional would be happy with that.
6. When you see professional poker players they are spending 3-5 days at a table in a game every week, sometimes sitting for 12 hours, and when they are not doing that, they are at home playing poker on the computer.
You can also find innumerable free horse racing systems, staking systems, poker systems, on the internet, ignore them, they are only free for a reason, as they lose hard cash.
3. Most professionals will emergence at 3%, but get it down to 1% as the bank grows.
These days it is possible to receive horseracing software, poker software, etc that can facilitate you, they will only make you hard cash if you are already doing so, they just enhance your skills, not make them. Then divide the $26,000 by the $100 to work out how many points you make a year, and that is 260, then divide by 52 to see how numerous points profit a week, and that comes to 5pts a week. Most punters lie to themselves that they are breaking even. Building up you betting banks takes time a lot of time.
8. Separate betting bank, list all bets, and it will not be long before you lose the bank and realise how wonderful your own tipping is!
Furthermore, you can incorporate your own betting system to techniques that you are able to locate online and as result, you can get pleasure from a trusted strategy that will grow your likelihood of winning possibly at the same time reduce all the risks you must take.
With the new approaches to predicting an upshot of the horse race, a lot of risks are eliminated successfully.
You’ll locate many software on horse racing betting systems by basically browsing the on the web world. It might be then a couple of who uses the most efficient horse racing betting systems to establish the winner in a really horse race betting game.
The strength of information technology has indeed affected a lot of fields and appropriate this moment, which includes the way you predict your luck in horse race betting can be done conveniently by way of on line horse racing betting systems. . When you discover it anything suspicious, then there is absolutely no reason for that you pursue that option. In selecting the most suitable one, you basically need to have to make particular that you’re looking at a realistic web site. Most methods that you’ll find can provide an alternative result than you are expecting but choosing the proper horse racing betting systems on the web can make a gambling game in to a profitable investment.
To any extent further, it is possible to be confident a lot of things additionally to about the usual factors. You only need some kind of pc, and Connection to the web, and you will conveniently pick qualified strategies fitting your betting personality. Also, be positive that you’re checking each 1 of the conditions and terms to obtain a great price. Provided are going to be limited to the conditions of race although entering into tedious evaluation and preliminary work only to be as near as you possibly can towards the winning outcome. It to handicap a horse racing event is made to think about all the aspects involved and that means you don’t should about you missing anything. The only problem is that they are likely to being reduced since a huge quantity of men and women operate in the exact same recognized approach. Perhaps the biggest great thing about online horse racing betting systems would be the reduction of human error
Punta Cana is a popular coastal resort and top tourist beach spot home to an array of luxurious Dominican Republic hotels and resorts, world-class golf courses, shops, stunning palm-fringed beaches, and plenty of watersports and activities such as snorkelling, scuba diving, sailing, fishing and boat excursions.
The Barcelo Bavaro Beach on the Caribbean island of the Dominican Republic has now become an adult-only five-star resort following extensive renovations recently carried out throughout the deluxe five-star beach property.
Tourists over 18 years of age will able to enjoy all inclusive Dominican Republic holidays at the luxury resort in Punta Cana from 24th December, 2011 when it re-opens to guests as an exclusive adults-only property.
The hotel is perfect for romantic holidays in the Dominican Republic with breathtaking natural landscapes, beautifully-appointed guest rooms with modern amenities, the lavish U Spa, and a choice of gourmet restaurants including the Caribbean Buffet restaurant, La Brisa, and the a la carte Chez Gourmet restaurant.
Barcelo Bavaro Beach resort has plenty of evening activities to entertain guests going on holidays in Punta Cana such as a disco with VIP lounge; a 1,400 seat Las Vegas-influenced theatre split over two levels; and a 24-hour casino where guests can play games of roulette, blackjack, Caribbean Poker and Texas Holdem.
During Punta Cana holidays guests can play games of tennis, football and golf, thanks to the resorts seven tennis courts, four multi-sports courts, a full size football pitch and an 18-hole mini golf course designed by the renowned P. Dye.
About the Author:
Ive been a writer for The Holiday Place Place http://www.theholidayplace.co.uk/dom_rep for 5 years and during this time as news editor for the prestigious UK-based tour operator, I have been able to travel around all the Caribbean islands and give my news a more genuine and authentic angle. Now I consider myself to be a true Caribbean expert and the news that I write reflect my love and keen interest on all things Caribbean.
Situated on the eastern coast of the island nation, just 15 kilometres from Punta Cana International Airport, Barcelo Bavaro Beach is one of the most luxurious Punta Cana hotels in the region with five Master Front Ocean View Suites, 46 Superior Front Ocean View Club rooms and 340 Superior rooms, plus a collection of upscale facilities.
The luxury resort is located on the original Bavaro Beach, one of the worlds top ten beaches, and tourists planning holidays to the Dominican Republic this winter season will be able to relax amid tranquil surroundings on the soft white sand while admiring spectacular views of the sparkling turquoise ocean.. B
A bill awaiting consideration in the New Jersey legislature would create a new class of licensing to permit interstate and foreign bets to be taken by the Atlantic City casinos.
The report holds out little hope for a national bill legalizing Internet poker, noting that it is a midterm election year where anything politically risky is unlikely to be enacted. 19, 2013. The state will release January revenue figures next week.
It predicts Delaware, where Internet gambling is off to a slow start, will seek cross-border agreements with other states to expand the pool of bettors, a tactic New Jersey also is considering. The report said a bill is likely to be acted upon before an Aug. This material may not be published, broadcast, rewritten, or redistributed.
“In 2013, 10 states considered legislation that would legalize online casino-style gambling, which was a historic high,” said Chris Krafcik, the group’s research director. AP Photo
The report also predicted a handful of other states will consider joining Georgia, Illinois and Minnesota in permitting lottery tickets or games to be purchased or played online.
Gambling Compliance also says Nevada may consider expanding online gambling, which is currently limited to poker.
New Jersey’s 15 Internet gambling sites took in nearly $8.4 million between their late November launch and the end of last year. states are considering bills to legalize or expand Internet gambling this year, according to a group that tracks gambling-related legislation worldwide.. Senate, which is considering a blanket prohibition on Internet gambling.
That is the goal of Las Vegas billionaire Sheldon Adelson, who is funding a campaign to ban online gambling.
In California, one of the largest potential markets, Indian tribes are trying to agree on how to legalize Internet poker.
But the Gambling Compliance survey also finds slim chances for a national law to regulate Internet poker, predicting a major effort by online gambling opponents to block it in Congress.
A computer screen in Atlantic City, N.J., shows a game of online poker in progress on the global partypoker.com sitenbsp;Nov. The report says proposals for new or expanded Internet betting could be considered in California, Colorado, Hawaii, Illinois, Iowa, Louisiana, Massachusetts, Mississippi, New Jersey and Pennsylvania.
A bill in Mississippi that would have legalized Internet gambling died Tuesday when the state legislature failed to act on it.
On the pro-Internet gambling side, Caesars Entertainment lobbied more heavily last year than any other group to legalize Internet gambling at the federal level, according to the report.
ATLANTIC CITY, N.J. All Rights Reserved. In fact, it said proponents and opponents of Internet gambling are jockeying for position in the U.S. – At least 10 U.S. 31 deadline.
So far, three states allow Internet gambling: New Jersey, Nevada and Delaware. Tribal leaders from two coalitions met last month and said they made progress but still need more time to work out an accord
government, according to figures from the Depository Trust and Clearing Corp.
A credit default swap, or CDS, is basically an insurance contract against a default, and in this case, $4.8 billion is quite meager in comparison to what those on the other side of the bet are putting down.
That board currently includes 15 of the world’s largest financial firms, including Bank of America, Goldman Sachs, JPMorgan Chase, Deutsche Bank and others — which don’t exactly have an interest in a U.S. default.
Some investors have put $4.8 billion worth of chips on the table, in the form of credit default swaps, betting that the U.S. default next week, at least a few financial players are looking to cash in on such a bleak turn of events.
Kennedy also points out that even if a major ratings agency declared that a default had occurred, various criteria would still have to be met before what’s known as a “credit event” occurred under the CDS terms.
First Published: July 26, 2011: 3:57 PM ET
If a default actually happened, these banks would be dealing with bigger problems of their own — including a financial crisis so massive it could quite possibly bring them down, said Dean Baker, co-director of the Center for Economic and Policy Research.
In contrast, the small group of CDS investors could demand payment from the investment banks that sold them their “insurance” contracts.
Even then, CDS holders would still have to jump through hoops to get paid. were to stop paying principal and interest to its bondholders, refuse to acknowledge its bond contracts or restructure its debt.
With only a week to go until the government breaches its debt ceiling, are these few investors likely to come away with the winnings of a lifetime?
A small camp of investors are betting that the U.S. (CDS contracts typically cover a 5-year period.)
When considering CDS, a default happens only if the U.S. would have at least three days to make up for missed debt payments before banks would have to pay out to CDS holders, said Steven Kennedy, spokesman for the International Swaps and Derivatives Association.
The definitions of default by the rating agencies and under the CDS contracts are “two different animals” he said.
“I think we’re a long way away from considering this hypothetical [case],” said Otis Casey, director of credit research at Markit.
In contrast, it costs a 16.45% premium to insure against Greece’s junk-rated debt.
Private investors — including everyone from individual consumers to hedge funds to the Chinese government — currently hold $9.3 trillion (with a T!) in Treasury bonds, and they’re counting on Uncle Sam paying up when those contracts mature.
The cost of buying a CDS swap protecting against a U.S. default was at a 0.6% premium Tuesday.
CDS contracts typically have a three-day grace period, he said. They would have to file for an official review from the ISDA Determinations Committee to determine whether a credit event has in fact occurred.
Probably not, experts say.
In the event of a default, that’s how much financial firms will have to pay out to investors who bought credit default swaps against the U.S. stops paying bondholders principal and interest, Treasury investors could lose some of those funds.
Even then, the U.S. Treasuries that we would certainly see a Lehman-type freeze-up or even much worse,” he said, likening credit default swaps against the U.S. government will default on its debt, and they’re putting $4.8 billion of their chips on the table.. Plus, even though 1,037 CDS contracts are currently held against the U.S. And even when it comes to a possible U.S. government” and the U.S. government to taking out insurance against a nuclear bomb.
“Only a fool would think that this covered his financial bases,” Baker said in a blog post.
NEW YORK (CNNMoney) — With its winners and losers, Wall Street is often likened to a big casino for obvious reasons. will default.
While that price has risen from 0.52% premium at the beginning of the month, it’s still at a level that shows traders view Treasuries as a very safe bet, Casey said.
But if they’re wrong to count on the “full faith and credit of the U.S.
“Everyone is so heavily dependent on U.S. government, they all expire at varying deadlines
They’ll jump off a bridge without checking the water’s depth. Meanwhile, kids who develop their poker skills one day may have a leg up landing a job in finance.
Learn to consider risks. Playing poker offers a discourse in probabilities and it reinforces the perils of going all-in with any endeavor.
Strengthen their memory. Here’s one that can bring you together in a way that is both fun and stimulating, and will open up an easy conversation.
Kids don’t have to play for money. To win in poker, as in life, you must preserve your assets so that they are available when the best opportunities arise.
Some of the greatest minds on Wall Street play poker — Bill Miller and Bill Gross, to name two — and they say the game makes them better investors. But with a little practice by then they’ll have become seasoned enough to know how to stay within their means — and will have gotten an education in math and interpersonal skills for free.
And Ole Bill ended up doing pretty well for himself.
As Bill Gates says of his college-age poker exploits: “In poker, a player collects different pieces of information — who’s betting boldly, what cards are showing, what this guy’s pattern of betting and bluffing is — and then crunches all that data together to devise a plan for his own hand. Games of a chance like the lottery, slots, and roulette are a sucker’s bet. Most adults have a pretty good idea of the relationship between risk and reward. All Rights Reserved.
Photo by JoeLogon from Flickr
Last Updated Jul 27, 2010 4:06 PM EDT
The classroom is great for reading, ‘riting and ‘rithmetic. Not so teens. Eventually they’ll want to, of course. But when played well, poker is a game of skill. Finding activities that you can enjoy with your teen is always a challenge. Kids should not be allowed near them with real money. But for a dose of street savvy, get your kids to a poker table.
The well-known benefits of a regular poker game for adults apply to kids as well: cementing friendships, acquiring social skills, developing critical thinking and honing interpretive and analytical skills.
Practice money management. That’s one of the arguments behind mounting efforts to legalize online poker in the States; it’s also the view of the Global Poker Strategic Thinking Society, which is headed by notable educators who want to use poker in the classroom as a teaching tool.
There’s even more in the game for youngsters. Memory plays a large part in learning the rules of poker, the ranks and suits of the cards and the order of hands, and recalling how players have played certain hands in the past.
Should teens gamble? No. A lot of future poker champs are cutting their card-playing teeth while in their teens.. It has a cool new image and the average age of successful players is coming down — to 26.2 years old at the final table of the 2010 World Series of Poker’s Main Event. They will:
Poker is on a roll, as I reported in TIME magazine. I got pretty good at this kind of information processing.”