Gambling Industry Expanding And Players Who Use Gambling Strategies

What does the word Gamble” mean to you?

For the average player the word gambling” means much more than a risky bet. It can stand for just about anything from vacationing, Las Vegas, and even fun. Devised earlier than 3000 years ago, gambling was well documented to have existed in many civilizations. The games we know today are the incarnations of former ones, with adjusted rules. For the length of time gambling was invented, players have always seemed obsessed with trying to use various gambling strategies for games. However, Casinos have always had the mathematical advantage along with an adamant need for stopping the smart player. It has forever become a vicious cycle of exploitive players vs. casinos catching up.

Today, gambling doesn’t even need to be played at Las Vegas or any other casino chains.

Now for those of you who live under rocks or live in a time warp may say, Wait….outside of Casinos?”

Well you see…

1.In-flight Gambling: Eflyte has been developing in-flight gaming and continues to spread its influence on many airlines. Currently they have the world’s first Multiplayer Poker Tournament along with over 60 games for airplanes. Ceo of Ryanair will also attempt use in-flight gaming by next year. Now casino gambling may be common on cruises, but it’s a breakthrough for airlines.

2.Mobile phones can also be used to buy lotteries and sports betting nowadays. If certain restrictions are lifted, it could even mean much more growth in its use.

3.Internet Casinos are also another medium in which gambling doesn’t seem to stop growing; despite being forced to open offshore from the US. This isn’t necessarily bad of course.

The gambling industry is on a growing trend and it doesn’t seem to stop anywhere in sight. Of course, this naturally means that more and more people will be hooked and continue losing to the casinos.

Even the strategic players are screwed over at times with certain technologies being developed. Some casinos even started to implement tracking devices in chips to catch card counters. Those days of Ken Uston and counting machines are getting harder to come by since casinos already know about the gambling strategies used. New mediums such as electronic gambling can stop card counting dead in it’s track.

Winning through strategy can still be done, just as internet marketing can still make some rich. Yet being particular savvy to news and gambling strategy alike can immensely help the professional gambler. That is, unless gambling is only treated as a simple recreation. Otherwise, the best a player can do is to read up on forums and reference news sources for any changes in their gambling strategy.

Posted in Uncategorized | Comments Off on Gambling Industry Expanding And Players Who Use Gambling Strategies

Setting the Limits to Casino Gambling

Gambling has been around for a very long time and has evolved into different forms depending on the culture it was found in. It has also just recently found its way into the world of cyber space. With the advent of online casino gambling, first timers and frequent gamblers are able to play their favorite pastime with much accessibility. And unfortunately, compulsive gamblers are also able to access their addiction within the tips of their fingers. All that they actually need is a computer, an internet access, and valid credit cards to go casino gambling.

While casino gambling could be used primarily as a form of entertainment, gamblers need to have a certain amount of responsibility in order to go about playing without being lured into the same trap as those who have found themselves to be compulsive gamblers. Of course, there are those people who still deny that they are compulsive gamblers despite the apparent manifestations such as problems with work and family. Among the problems that would definitely arise from an addiction is of course, the financial aspect of it. For those who might want to venture in this “form of entertainment”, they continually have to remain vigilant about their own attitude about the game. For if not, they would probably find themselves in the same situation as compulsive gamblers.

The first sign that one is starting to get addicted to casino gambling is when the player cannot control the amount of money that is being risked. Players have to set a limit to the amount of money they would want to spend. That is, before they actually play at a casino, they need to have a fixed amount of money that they intend or are comfortable to lose. Although it is also good that players think about what they consider to be a definition of winning in a casino, losing is what proves to be more detrimental between the two.

This is probably the most important thing to consider in casino gambling – to know how much money you can actually gamble. Players who do not set specific limits to the amount of money they are willing to lose, usually find themselves taking out more money than they had expected. Usually, this in the hope of winning back what they had just lost. Since gambling is based almost entirely on probability, it is far easier for a person to say that it just wasn’t his day when there is a specified limit. It helps to determine a criteria for one to say that “I have to stop” because by having no criteria at all, there is nothing to cue that person to stop.

Other signs such as borrowing money to pay back losses, absenteeism from work, deteriorating relationships with family and friends, as well as others, already indicate that there already is a problem with the attitude of the person as regards casino gambling in the first place. They do not have to go that far if they did not, would they?

Casino gambling could be so much fun, if only certain limits would be set. Other forms of recreation also need to have limits such as family outings, camping trips, and other vacations. There is a definite limit to the length of the vacation, as much as we would want to continue doing so forever. I think the same goes with casino gambling. Everything is perfectly alright, so long as they all come in moderation.

Posted in Uncategorized | Comments Off on Setting the Limits to Casino Gambling

Are You an Investor, a Speculator or a Gambler?

What exactly is an Investor, a Speculator or a Gambler in the
context of the Stock Exchange Market or for that matter, any markets?

The Public as well as the Media have often loosely and interchangeably
used these three terms. Comparisons are often made between their activities,
but the terms are never explicitly defined.

You might ask if there is a need to be distinct on these terms.
Well, there is definitely such a need simply because, if you want to profit
from the market consistently, it is crucial to first, know who you are and how
you are going to participate in the market. In fact, the mindset and methods
employed by an investor, speculator or gambler differs extensively and greatly
affect the profitability of participating in the market. How perilous it is
to venture into the markets blindly!

The Public often called themselves Investors, perhaps, influenced
by the Media. But how many of them are really Investors or even Speculators.
Think about it, many of the self- acclaim Investors are actually habitual Gamblers,
betting on the market on the slightest rumours, insider news, company news or
fluctuations, hoping to get rich quick by chance. This is not a debate on whether
gambling is good or bad, but if you’re going to gamble; don’t you think you
have a better chance at the Casino, which is there for this purpose?

So, what are the differences between an Investor, Speculator and
Gambler? In order to differentiate between them, we should start by defining
them. If you’re sufficiently motivated, I encourage you to try to define the
terms ‘speculating’, ‘gambling’ and ‘investing’ before you continue reading
this article… you may surprise yourself.

Consider the following.


An investor is an individual whose primary concerns in the purchase
of a security are regular dividend income, safety of the original investment,
and if possible, capital appreciation.

A person whose principal concern in the purchase of a security
is the minimizing of risk, compared to the speculator who is prepared to accept
calculated risk in the hope of making better-than-average profits, or the “gambler”
who is prepared to take even greater risks.

In 1934, Graham and David Dodd addressed the issue and offered
a definition of “investment” in their classic text book Security Analysis

“An investment operation is one which, upon thorough analysis
promises safety of principal and an adequate return.

Operations not meeting these requirements are speculative.”

– Graham and Dodd’s Security Analysis (original 1934 edition)


Speculation is the buying, holding, and selling of stocks, commodities, futures,
currencies, collectibles, real estate, or any valuable thing to profit from
fluctuations in its price as opposed to buying it for use or for income – dividends,
rent etc.

A speculator is one who is prepared to accept calculated risks in the marketplace
for attractive potential returns.

Speculation: The activity of forecasting the psychology of the market.

Speculative motive: The object of securing profit from knowing better
than the market what the future will bring forth.

John Maynard Keynes in The General Theory of Employment, Interest, and Money


Gambling (or betting) is any behaviour involving the risk of money or valuables
on the outcome of a game, contest, or other event in which the outcome of that
activity is partially or totally dependent upon chance or on one’s ability to
do something.

“A gamble is the assumption of risk for no purpose but enjoyment of the
risk itself, whereas speculation is undertaken in spite of the risk involved
because one perceives a favorable risk-return trade-off. To turn a gamble into
a speculative prospect requires an adequate risk premium for compensation to
risk-averse investors for the risks that they bear.”

– Investments by Zvi Bodie, Alex Kane, and Alan J. Marcus

Regardless of how you define the terms, it is likely to be a worthwhile activity
to estimate your expected returns on both an absolute basis as well as relative
to an appropriate benchmark. And if you find yourself enjoying the activity
of investing or if you find yourself addicted to the speed and excitement of
the trading game, perhaps you should seriously consider whether you’ve crossed
the line between investing and speculation, or worse yet, maybe you are really
gambling with your money.

Posted in Uncategorized | Comments Off on Are You an Investor, a Speculator or a Gambler?

Is the Stock Market Legalized Gambling?

A lot of people think twice about getting into the stock market because they believe it is similar to gambling. We are living in hard economic times where everyone is looking for a way to make extra money and secure their financial future. Because of the high standards of living and financial pressure, some people opt for methods such as gambling in order to earn money. While some people believe investing in the stock market cannot be equated to gambling, others believe otherwise. To understand the difference between gambling and whether the stock market is a legalized form of gambling, it is vital to know what each definition involves.

It’s important to mention that both investing and gambling involve putting money into use with a hope of getting back more. The dictionary meaning of gamble is highly associated with games which has no association whatsoever with stock investing. Therefore, it is accurate to conclude that gambling is closely associated with games and entertainment but with the aim of making a better return on the initial investment. On the other hand, investing in the stock market is all about business. It’s good to mention that in some countries, gambling is outlawed and therefore, those found engaging in this practice are reprimanded by the law. On the other hand, stock investing is a business investment practice that is legal across the globe. Based on this explanation, stock investing is purely a business activity and cannot therefore be referred to as legalized gambling.

For gamblers, their ultimate aim is to reap as much money as possible after playing a game. However, for stock investors, they don’t aim for immediate profits but rather, wait until the markets become favorable to allow them make good returns. In other words, it could take months or years before you finally make good financial returns.

The purpose of engaging in gambling and the stock market is totally different. A lot of gamblers engage in this activity in order to make money for leisure activities. However, the stock market is used by investors to grow their investment in order to spend it productively. Investing in stocks is a serious affair and can therefore not be associated with any gambling techniques. Stock market investment is a long-term affair while gamblers do it for short-term excitement by putting their money at risk and hope for a chance that it will turn around their financial fortunes.

However, despite the differences, there are a few things that both gambling and stock investing share in common. To begin with, they both involve the use of money in form of an investment whose return is not known. In other words, they are associated with both the risk of time and money. The stock market shouldn’t be at any one time confused with gambling whether legal or not because the two operate differently. It is important for the difference between the two to be clearly defined to avoid sending out the wrong perceptions.

Posted in Uncategorized | Comments Off on Is the Stock Market Legalized Gambling?

How to Profit From Sports Gambling

The goal for sports punters is to earn a profit whilst enjoying our favourite sport. The sad truth is that for the majority of gamblers, this is an elusive dream. However by developing and carefully following a stratagem anyone can make this dream a reality.

There are two factors to consider to profit from sports gambling:

Bet Selection
Staking Plan

Bet Selection

The first, Bet Selection, is obvious – we need to back winners at least some of the time. Let’s consider Horse Racing, anecdotally there are many professional punters who earn a comfortable living from picking horses, but the key word here is professional. Research and analysis of each horse in the 59 racecourses across the UK takes a sizeable amount of time and experience. If you want to be successful then it’s a full time job! For the majority of us this means we have to use the advice of experts to do some of the legwork for us.

Horse Racing Tipsters

UK horse racing has no end of self-proclaimed “experts” on the Internet charging up to £100 per month. When selecting a horse racing tipster the most important factor we need to consider is long term results.

The Internet is awash with tipsters who have had one good month but then go on to post a loss for the next six – but you will only see this one month on their home page! Never follow any tips without first checking the tipster’s full result history. Choose a tipster who publishes all their horse racing tips history, ideally where the results of the tips are published the next day along with a complete history of all their tips.

Take a look at a Tipster Proofing site such as Racing-Index who grades the results for a number of tipsters. Consider which tipster gives you gave for money and fits with your own betting profile – can you actually place the 100s of tips each month some tipsters require?

Following tipsters alone is not likely to earn us riches – the best tipsters are locked out for new members or charge such high rates that any profits are lost immediately. The solution is to develop our own system using tips from expert sources combined with our own research. This is the strategy successfully used in greyhound racing by followers of the site. As with most things; the more you put into your system the more you will get out.

Staking Plan

Once we have a betting strategy in place it is time to look at a staking plan. The simplest is Fixed or Level Stakes where we simply bet the same amount, for instance 2% of our initial betting bank, each time on our selected horse, however we would want to increase our wagers as our betting bank grows. This leads to Percentage Staking where a percentage of the current betting bank is wagered each time. This means as we win our stakes are larger and conversely the stakes shrink when the betting bank decreases.

However, intuitively we know these staking plans to be overly naive as we would be putting the same amount of money on a horse with low odds compared to a horse with high odds. As we are looking to maximise our profits we should be putting a larger stake on a low odds bet as the return will be less.

To find the optimal staking plan we could take a correspondence course in statistics and dedicate several years into research. Fortunately we live in age where this research is at our fingertips. From probability theory we have the Kelly Strategy where the optimal percentage of our betting bank is calculated from the odds of the bet and our own estimate of the probability of the horse winning.

Using an online Kelly Strategy Calculator just feed in the values to get the percentage of the betting bank to put on each horse. Now the Kelly Strategy can give us some scary percentage stakes if we have an initial run of high odds horses so we could adapt it to a Half Kelly Staking Plan where we wager half the percentage advised by the Kelly Strategy. This would result in a slower accumulation of gambling profits but a less hair-raising ride.

Posted in Uncategorized | Comments Off on How to Profit From Sports Gambling