Category: Gambling and Casinos

You have heard about it and now you want to make it happen.

Yes indeed, you have better odds playing online compared to the casinos stretched out on the strip. And, you can definitely come up trumps the very first time you lay a wager playing one of your favorite online games.

Anyone can log on to a good online casinos, lay a bet, and get the first glimpse of the ‘e dollar’. But more often than not, chances are, you will end up losing this money if you try your luck the second or the third time. As they say, nothing comes easy in life.

All right, you are playing for fun. But do you plan to always keep it like this? And even if that is the case, are you ready to finish the game like a loser-walking out with that bitter taste, which inevitably creeps in as you end up losing? If you want to avoid the pitfalls of the game of dice, then read on……….

Stop looking for the easy way-it does not work

Who said it is easy to earn money playing online? Get onto any of the respectable online casinos such as club online casino, go through the rules, read some of the tips and tricks, and you will know.

Even if you earn a small amount in the beginning, the law of averages implies that the gains will even out in the long run, that is, if you are lucky enough not to actually run into losses.

While connecting to any of the online casinos, you can either adopt a cavalier attitude, not giving a damn whether you win or lose or you can log on with the attitude of a winner – one who realizes the importance of understanding the game well, and plays like a pro. If you think you belong to the latter category then it makes sense for you to always keep these points in mind, as and when you are out to try your luck on the roll of a dice.

Self-discipline will take you far

Seems like it does not go with betting, but self- discipline and control are the most important qualities for a gamer to cultivate if you aim to earn some serious money. To begin with, you should carve out a daily gambling budget. Divide your total bankroll by the number of gambling days to get at the amount that you can spend daily. Leave tomorrow’s money for tomorrow.

People tend to get rash while betting. Never lose your cool. Do not double up your bets when you are going through a losing streak. In the same manner, do not quit and tempt fate while you have a winning streak.

Save up

You should carry your saving habit along while playing online. For example, you should aim to set aside half your winnings plus the original betting amount every time you win and then continue betting with the rest of the sum.

Always remember the house advantage

House advantage or house edge does not automatically mean that the online casino is out to rip you off, or that you will keep losing money every time you play. House advantage basically stands for the amount you actually get when you win a bet and the amount as per the odds. For example: the odds for a bet may be 1:1, meaning that if you win a $1 bet, you not only get your bet back but also get $1 as the winner’s amount. However, with a house advantage of 5% in place, you will actually end up with 95 cents. Thus everytime you win, the house gets to keep .05 cents.

House edge is the minimum while playing in an online casino. The example given here is a simplistic case. In fact, you will not even notice the house advantage while placing a solitary bet. House edge is a statistical variable and comes into play only in case of a multiple game-multiple player scenario and is designed to enable the online casino stay afloat and provide best of services.

Though it may appear difficult at the outset, you can easily calculate the house advantage as you get along. It is highly recommended to keep the house advantage of a particular online casino is view while calculating or projecting your wins.

Set a goal

As is the case with everything else that you want, it is important to set a goal while betting in online casinos. Setting a goal means that you automatically chalk out a plan to achieve it. Do not ever, try to bet in a game which you do not understand. Remember, luck is not the only factor that counts while betting.

Are you ready to lose all of your money? Of course not. And that’s why money management is so important. So, what’s this alien phrase “money management” anyway? In today’s article, I will get you started down the golden road of managing your money and time better for more casino profits.

The Primer

Before you run for the hills, let me calm you. I won’t be going into serious financial detail in this article. The idea is to explain what money management is and to give you some food for thought. Yes, the field of money management goes well beyond the simple stuff that we’ll talk about today, but let’s save that for later.

In layman’s terms, money management simply means keeping track of what you’re doing and what you planned to do at a casino. It’s like when you go to the grocery store with an idea in mind of how much you want to or can spend and perhaps, to some degree, what you want to accomplish while there.

Set Aside Money

Before engaging in any gaming entertainment you should set aside an amount of money for your fun. This is the maximum amount of money you’re willing to spend. If the moment comes when it’s gone, you’re done.

When you set aside money like this, it’s traditionally called a bankroll. Ideally, your bankroll should be for just gambling and not other activities, such as eating, seeing movies, and so forth.

Betting Within Limits

Now that you have your bankroll, you can clearly see-at any time-how much money you have to play with. Using this new insight, you can bet appropriately.

If your bankroll is $100, you wouldn’t want to walk up to the Blackjack table and play $25 hands. There’s no hard and fast rule for bet sizing off a bankroll. I think you need to think about how long you want to try and play for. If you had $100 and just wanted to play for 5-10 minutes, then maybe $25 hands is fine.

For the typical player that’s looking for up to a couple hours of fun, try to divide your bankroll by 20 for table games. So, if you have a $100 bankroll, bet $5 per hand. As your bankroll increases, bet more if you wish.

The Overall Goal

Managing your money in this fashion will help you enjoy your experience more and you’ll be more fiscally responsible. Most people who walk away big losers do so because they didn’t know when to stop.

By setting your bankroll ahead of time, you know when to stop. And if you want to go further, you can initiate a stop loss on your money. Confused by this? We’ll go deeper into money management in other articles.

Just remember this. Every professional gambler in the world knows about money management and uses it to some degree. Even if you only gamble once in a blue moon, it’s good for you to at least know the basics.

Poker is a fantastic game. You can have fun and make money playing poker. Despite the general opinion, luck isn’t all, in poker the thing that matters the most is the skill of the player. The ones that rely on luck and only on luck will surely have problems when playing poker. To play it right you need to learn, to practice and you need inspiration.

When it comes to online poker, the thing that makes it better than real life poker is the fact that you will really play against real players and not against the bank. Also, you don’t need sunglasses so the other players can’t read your cards, you can choose a table and start playing in a couple of minutes and why not, sometime there are promotional offers that need to be seen.

The problem of online poker has been debated and categorized many times, and there are ups and downs as in any game. If we look we can find two reasons why online poker is worse that live poker. Firstly, you cannot see your opponents. If you are an addict player and have spent many many hours at the playing table, then you might prefer to be able to look into you opponents’ eyes, to analyze them and to take decisions accordingly, or simply to intimidate them this way.

Secondly, the money won can’t be spent immediately. You have to wait a couple of days to actually see them because withdrawals are not done instantly.

But, next to these two downs of online poker we can find so many other good things that we can even forget about these two. For example, no matter the time you feel like playing poker, be it in the middle of the night or early morning, you can always find a game to join. You can find even tournaments ready to start, like they were waiting for you or maybe you don’t have so much time to waste and then you can enter a ring online for no more than an hour or so.

Online poker can be played as a practice, as lessons to beginners or to people with low limits and it is also perfect for shy people, which would clearly be in disadvantage on a live paying table. People don’t have to dress up to go and play poker anymore, they can play from their house at any time, even dressed in pajamas or while having breakfast.

Online poker can be played at several tables at a time, if the player is experimented this could bring him much more money. No one has to tip the dealer when winning, because there is no dealer here. If you won enough or on the contrary you lost enough for the day, you can leave the table at any time, without having to worry about your reputation, as in real life poker.

If you find it hard to distinguish the cards and often fail to see possible flushes, when playing online poker this problem disappears because you have the option to play four color card decks, some colors becoming blue and green, so every suit has now its own color.

In days gone by the game of poker was reserved for dimly lit barrooms, and back rooms filled with smoke. Times have changed. Poker has become nationally recognized as a game, not a bar-brawling excuse for fighting. Millions follow the world series of poker.

Initially the world series of poker was an event held in Las Vegas mainly to draw publicity. Now the world series of poker is nationally televised, and has huge crowds as the games progress. There’s even been best-selling books written about the world series of poker.

No longer an evil, threatening type, the world series of poker attracts the interest of everyone. Men and women alike are mesmerized by people like Mike “The Mouth” Matusow, who recently won $1,000,000.00 at the tournament of champions in Las Vegas. This tournament began with 114 players. The final table lasted more than eleven hours. Phil Hellmuth, gave Mike a close run being the second highest chip beginning the second day of the tournament.

There’s a wide variety of influences and personalities of those who play the world series of poker. Everything from the cowboy type, to Rene Angelil, who is the manager of the international diva, Celine Dion has made it to the world series of poker. The variety of the kinds of people who make it to the world series of poker isn’t limited to the old time evil perception of those who play.

One of the oldest and most well know poker legends who playing in the 2005 world series of poker was Doyle Brunson Brunson with a 50 year poker career, is perhaps the most widely known professional poker player. Unfortunately and surprisingly Brunson was eliminated on the second day of play at the tournament of Champions.

Steve Dannenmann a modest 39-year-old CPA and mortgage broker from Severn, Maryland got the attention of the poker world by outlasting 5,617 players in the main event at the 2005 World Series of Poker (WSOP). He was within one hand of achieving championship, but ended up as the second place finisher to Joseph Hachem. When asked about his achievement and winning $4,250,000 in prize money, Dannemann is reserved. He says he is just lucky to be playing with so many great players. Yet, as witnessed by his participation in the 2005 Wolrd Series of Poker, Dannemann’s mild manner hides a tremendous talent in tournament poker.

The World Series of Poker is a fascinating event and the 2006 World Series of Poker promises to show-case world-class talent and excitement. Be sure to check it out.