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Money Magnetics – Online Casino Bankroll Basics

21 Jul

Money magnetics and the online casino

I will not lie to you, in magnetics where money is concerned, the casino has the greatest power. It has a tendency to draw back everything it puts out and more, at the expenditure of losing players and the tears they bare to carry.

The good news for you, is that by even reading an article about gambling, you have entered another realm completely, this realm is the world of gambling casino strategics. Now this does’nt have to be complicated, yes, there are methods of betting that cross the boundaries of numerous calculus, however, we will hit the basics. In this, we mean the bankroll and why its the most powerful tool available to an online player.

The majority of players that hit the casinos do so with little action over consequence, in this we mean their lack of true dedication to the game. Often, players are just happy with the experience, in fact most are just happy with the experience.

This is what now sets you apart from the others, yes we’ll take the experience gladly, yet would’nt some extra money be nice too. If we are to improve our own money magnetics, then we must begin to examine our own behaviour from the very start of the casino cash flow diagram.

The bankroll.

Bankroll management basics – strict and precise self guidance

If online gambling is like a length of rope, then at one end is the resultant and at the other is the bankroll. Your need one to find the other, a relationship that is dependable upon both sides. Therefore, no bankroll, no thriving casino cash making career.

On the other hand, if we can keep a bankroll in position, then the longer it exists, then the more resultants it will produce. These resultants will be of losing and winning consequences to the game, but what is more important, is that the winning ones will produce a greater return, due to the betting principles followed by a correct bankroll management style.

Bankroll management style – Ten percent rule including reduction

One of my favourite sources of bankroll management is the ten percent rule, with some reduction thrown in for good measure. The ten percent value is crucial in that a pyramid structure is created with your peak value at the top, and those slightly lower marginal bets at the bottom.

First of all, top of the pyramid, we have your overall bankroll, this is the total money you have in the casino. Lets say in example, that this value is $200.00, which is a pretty decent bankroll for long term stability.

Next down the pyramid, we have the bet sitting value, which is ten percent of your overall bankroll. Therefore we now have $20.00 as a bet sitting, this is the amount of money we play within any one game at any one time. No more, no less, this discipline must be directly followed to the number, straying will lead to problems within the bankroll later on, and a dwindle in overall profits.

At the bottom of the pyramid, we have the bet value, which is 10 percent of the bet sitting and this will be the amount of cash we are placing down on each bet. So you can see, there is a relationship of division over ten between each stage, this is mathematically proven to be the most stable figure where fluctuation is present, making it perfect for online gambling.

Now, in practice to your management skills of the bankroll. Your next task is to begin getting used to this form of control, it can be tedious and sometimes boring, yet persistence will pay off. You’ll understand, when one day your perhaps running a $2000 bankroll on these same principles.

I also mentioned throwing in reduction, in bankroll discipline, reduction is a method of providing extra support to the bankroll. If our bet sitting is about to run out of bets, then we can reduce the bets further, normally by around half. This is great in gambling and acts like an extra couple of lives, as soon as your bet sitting value increases, then you can go back to the ten percent rule without reduction.

Its almost like a revolving motor, if you manage it properly, it will go on forever and who knows what it might return.

Enjoy your bankroll, its the most powerful thing in the casino.

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Casino Business Basics

09 Jul

Like any other enterprise, casinos focus on profit. However, their undertakings are varied and diverse than any other organization. The various activities in which a casino indulges include gambling, restaurants, hotels. Gambling in itself is quite complex comprising of various card games, machines and table games. The conversion of money to chips, given the large inflow of cash and the threat of thefts, is an art in itself. Apart from all this there is a lot of manpower involved. Being a licensed body, it is subjected to tax as well. To add to all this there is periodical auditing which determines the continuance of the license. Thus, opening and monitoring a casino requires a lot of homework to be done.

Every casino, like any other organization, has a hierarchical structure. The top position in a casino can be of the owner or the Board of Directors. Generally, the casinos have some lower managers to take care of the various operations of the casino. These include the Manager of Finance, Manger of Food and Beverages, Manager of Casino Operations etc. the number of departments and managers depends on the size of the casino and the range of activities undertaken by it. Due to the huge cash flows, the accounting department of the casino is distinct from other departments. It has its own structure comprising of five levels which includes the clerks, cashiers, vault employees, financial managers, accountants and internal auditors.

An important aspect of the gambling world is law. Information regarding controlling bodies and legislations are very important while administering a casino. These enactments and regulations provide licensing procedures, gaming rules etc.

Like all other enterprises, accounting forms an integral part of the Casinos. Accounting, here aims at proper and exhaustive recording of all cash flows, prevention of theft while recording these transactions and analyzing the data for decision making. Fulfillment of all the above objectives is quite difficult as all the transactions are reported once a day and the bulk of this transaction is enormous. Fair accounting helps in an effective cost profit analyses of the casino, thus leading to better decision making. The revenue generated through the casino is an important source of income for the government. Tax acts as, both, a deterrent for gambling a source of income. Tax is imposed at the federal as well as the state level.

The accounting process of the casino is evaluated by means of auditing. While regular internal audits are important, statutory audits are also conducted by gaming control agencies. Internal audits primarily help the casino to prevent cheating. Fraudulent activities can cost a casino its license, not to mention the goodwill and customers. independent auditors check the functioning of the casinos, especially when the casino trades publicly in stock. Most of the financial activities of the casino involves certified public accountants.

Casinos are nowadays diversifying and evolving. Nevada and New Jersey are now becoming famous holiday spots for all and are no more mere gambling hubs. This diversification can prove to be profitable for the business only when the owners and proprietors are well aware of their decisions and their implications. Hence, thorough knowledge and information is a pre requisite for any profitable casino.

Mansi aggarwal writes about. casino business Learn more at http://www.casinobusinessnotes.com

 
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Blackjack Basics and More

30 May

Online blackjack, sometimes known as twenty-one, is the most popular table game in online casinos. This is because of a combination of factors. The basic game is easy to learn, the player has a certain amount control and the odds can actually move to the players favor.

The goal in online blackjack is to have the value of the cards in your hand come closer to twenty one than the dealer’s hand without going over. The other players at the table are also playing against the dealer. They are not playing against each other. The fact that they do not play against each other makes the game more fun. Everyone is on the same team trying to beat the dealer. Players can choose to take more cards when it is their turn. They make their decision depending on their own cards as well as the dealers cards. There is a basic strategy card that defines when a player should hit, stand, double down or split. While this card is mathematically correct for a single deck, the past history of the shoe should be taken into account.

The dealers decisions are strictly laid out and they cannot deviate. This means that the dealer does not make any decisions regarding his strategy. There are many variations on the basic game of blackjack, but in the most common casino version dealers have to hit when their hand totals sixteen or less. They have to stand when their hand totals seventeen or more. This is described as Dealer stands on seventeen. Make sure to check that you check the table rules before playing. These are normally posted on the table or available as a popup window at an online casino.

You will need to understand the value of the cards. In blackjack an ace counts as either one or eleven. The numbered cards between two and ten are valued as shown. This means that a two is worth two, a three is worth three and so on. Jacks, Queens and Kings are all worth ten. If your hand is closer to twenty one than the dealers without going over you win. A winning hand pays even money unless it is a blackjack. Even money means that for every dollar that you bet you win the same amount. So, a ten dollar bet would pay you ten dollars. Blackjack is when your first two cards equal twenty one. This can be any face card or ten and an ace. A blackjack pays one and a half to one. In this case a ten dollar bet would pay you fifteen dollars. The exception to this rule is if the dealer also gets blackjack.

When both the player and the dealer get blackjack, it is a push. On a push the player gets back his original bet and does not receive any payout on the hand. Both land based casinos and online casinos will offer insurance to the players when the dealer shows an ace. Insurance is a side bet of up to one half of the original bet and pays two to one. If we use the example of a ten dollar bet again, you will be able to take insurance for five dollars. If the dealer gets blackjack the insurance bet will pay you ten dollars. The chances of the dealer getting blackjack once they show and ace is one in three. Since the odds are three to one and the bet only pays out two to one this is considered a sucker bet and should be avoided.

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Asian Gambling Basics

26 May

Gambling became popular in China in the last phase of the imperial dynasty i.e. from 1644 to 1912. Canton, Macao, Shanghai and Hong Kong became the famous for their liquor and gambling. These areas inhabited foreigners, usually Americans, who were known to be rough. Moreover, majority of these inhabitants were males. Chinese natives indulged in gambling along with the foreigners.

Famous gambling games in China include Mah Jongg and Pai Gow.

Pia Gow consists of a bank having one woodpile. The banking duties are entrusted to one of the players. Other players are given four tiles of the woodpile, which they have to group in pairs of two such that the player’s pair should have a greater value than the bank. If the player succeeds then he wins the bet. A lot of money can exchange hands over this game.

Mah Jongg, meaning ’sparrow’ is an ancient game which was developed primarily for the rich class of China. The game is said to have been invented by a fisherman to prevent sea sickness. It is said that the fisherman invented this game to distract the other fishermen from the surroundings, so that they do not feel sea sick in the middle of the sea. Later, a Chinese general heard of the game and engaged his soldiers in it at night to prevent them from falling asleep. The game underwent a lot of variations and every region called it with a different name. Finally, the game was standardized in early 1990s. the game consists of 136 to 144 tiles depending on the whether the players choose to play with flowers or seasons. The play resembles rummy except for the fact that the game is played with tiles. The game also uses a pair of dice and chips to keep the score. It requires four players, the aim of each being to obtain a set of tiles. The set types that are permitted are “kong”, “pung” and “chow”. A complete hand contains four sets and a pair of similar tiles. The fist one to have this combination of fourteen tiles wins.

Another game is Sci Bo, meaning ‘two dice’. This game is a betting game with players betting on the total of their dice. It is played with three dice. The bets include small bets that is the total may fall; between the range of four to ten, or big bets i.e. the total may fall between eleven to seventeen. The players shake the dice in a cup and keep the cup upside down with the dice hidden in the cup. Wagers are then made on the outcome. The player guessing the total can earn hugs sums. It is rumored that skilful players can predict the total by hearing the clanking of dice in the cup. In casinos the entire game is mechanized. Bets are placed on the number marked on the table. The dice are then shaken using a vibrating platform. The results are displayed on a screen. Other famous gambling games include Keno and Pachinko.

Despite the popularity of these gambling games, not all Chinese states are ready to legalize it. While Macao has legalized gambling, Shanghai carries it on illegally. In Hong Kong, only horse raising is legalized and The Hong Kong Jockey Club earns huge revenue.

Mansi aggarwal writes about. asian gambling. Learn more at http://www.asiangamblinggames.com.

 
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Gambling Addiction Basics

21 May

The coming age has brought with it numerous new pathological addictions, one of them being addiction to gambling. Pathological gambling was conferred with the status of a disease by the American Psychiatric Association back in 1980s. Robert L. Custer, M.D., is a pioneer in this field of problem gambling.

People who fall prey to this addiction are usually those who secure an income by means of blackjack, poker or other gambling activities. They are professional players who visit casinos not for fun sake, but to employ their skills and earn.

Based on their way of playing and the driving force behind it, gamblers can be categorized. For example, while professional gamblers are skillful and good in their game a casual gamblers plays merely for recreation.

The symptoms of gambling addiction are usually hard to identify. Since this disease is different from other substance related addictions like drug or alcohol abuse, the indications of this sickness are subtle. The nearest possible way in which the symptoms of this addiction can be stated is through the “Custer three Phase Model”. According tot his model, the gambling addiction can be characterized by three phases: the wining phase, the losing phase and the desperation phase.

In the wining stage, the compulsive gambler is ecstatic and overexcited with this earnings and is unwilling to quit gambling. Therefore, the addict usually increases his intensity of gambling . However, losing being the other half of gambling, his wining streak is short-lived. Nonetheless, recurrent losses do not deter him as he wants to win again and get his money back. Addicted gamblers suffer from financial stress, loss of sleep, and mental fatigue in this phase. They face problems at the family front. The patient also tends to borrow huge amounts or avail some money making schemes. As the gambler continues to face loss on every alternate day, he finds it difficult to stay away from gambling. Compulsive gamblers may resort to any means to raise funds for their obsession. They become desperate, with their debts becoming unmanageable. Loss of jobs, fight with friends and family, committing crimes or suicidal tendencies define this phase.

The question as to why does one gamble, can not be answered in definitive terms. One of the dominant reasons is the mental health of the gambler. For some people gambling serves as a n escape route from their lives. A compulsive gambler plays for kicks. He is just unable to stay away from it. Many researchers also blame the easy accessibility to casinos. The government and its lottery fund is also widely condemned.

Treatment programs and centers exist to treat this disease. Regular therapy and counseling is an effective and a widely used technique to cure this disease. Various support groups have also cropped up, where the addicts share their experiences and strengthen each others desire to quit gambling. Some groups that fund such programs include casinos and state lotteries. Some casinos lay stress on responsible gambling and have taken steps to make the people aware about his addiction.

However the first step, before undertaking nay treatment would be to acknowledge this disease. With very slight symptoms and effects this addiction is difficult to catch and acknowledge. Hence it helps to be aware to act wisely.

Mansi Aggarwal writes about gambling addiction. Learn more at [http://www.gamblingaddictinfo.com]

 
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