5 Qualities All Successful Gamblers Have

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What are all successful gamblers made of? One part luck, one part experience, and two parts strategy. If you’re wanting to learn the tricks of being a prosperous gambler there are some things you need to acquire. Here are 5 qualities of successful gamblers that you can emulate for success.

1. Discipline

All professional gamblers go through a process of learning to weigh the odds. Every game is a psychologically demanding experience. They must always consider risk vs. reward, in order to determine the best and the worst possible outcomes. They know when to bet more, and they learn when to walk away. It is all about discipline, they don’t just go all-in all the time. Every hand is a risk, but some are riskier than others. They keep a clear head, and they constantly analyze everything.

2. Acceptance

Every gambler, no matter how successful, will have losing streaks. Some are devastating, while some are simply an inconvenience. Professional players have to learn to accept the fact that luck isn’t always in their favor. If a losing streak goes on and on, they have to take a step back and analyze what they could be doing wrong. Do they have a positive outlook? Were they pressing too hard too fast? Is there something in their personal lives that could be affecting them at the table?

3. Independent Thinking

Strategies are like good drinks, to each his own. Not everyone enjoys a vodka tonic, and that’s okay. Just like drinks, gamblers have to be able to come up with their own strategies instead of listening to everyone else. What works for Jimmy at table two, may not work for Bob at table six. There is no sure combination to winning, it all depends on the player and, more importantly, the game.

4. Confidence

A gambler can’t make rational decisions if they don’t have the confidence to play the game. When a player sits down at a table, he sits down to win. There is a fine line however, between confidence and a big head. Gamblers need confidence to play successfully, but a big head can be one of the quickest ways to lose. It all goes back to discipline. Have the confidence to call bluffs, but not the egotism to call the wrong bluffs.

5. Financial Management

Successful gamblers know how to manage their finances. Pros are investing in the future, while amateurs are only looking into the present. Gambling in some ways is very similar to owning a business. They need to make a profit in order to stay in business. While losses will happen, pros know when they are losing too much, and they walk away for a little while. They don’t gamble all of their money away, they carefully budget and allot money to lose in order to stay successful.

Gambling is a career for the pros, and like every career, they need to be successful. Build up these qualities within yourself and you’ll be a high roller in no time.

Living the Dream: A Retrospective of the MIT Blackjack Team

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If you saw the movie “21,” you know it’s based on the true story of MIT’s legendary group of card-counting blackjack players. Like all “true story” films, many of the events in the movie version were added as plot devices, but several of the scenes actually happened. Here’s the real story of the MIT players.

Counting Cards

The MIT blackjack team was made up of a group of math whizzes who realized that they could beat the house at blackjack if they could find a way to accurately count cards. Card counting, which refers to keeping track of which cards have been played and which cards remain in the shoe, is not technically illegal. It is, however, considered cheating, an activity that gets players banned from the casinos. So the challenge for the MIT team was to find a way to accurately count cards and discreetly signal the actual players when to bet big.

How They Did It

Bill Kaplan, the Harvard Business School graduate and legendary blackjack champion, recruited players from MIT for his intensive blackjack training program. Training consisted of learning how to count eight-deck shoes with near-perfect play. Members could be spotters (card counters) or big bettors at the blackjack tables, so the team also had to learn a constantly changing set of code words that signaled when high cards were coming up, how “hot” the cards were so the player could bet appropriately, and when the shoe was played out and the bettor should move to another table.
A three-member team played at a table: a spotter, a controller, and a big bettor. The spotter counted cards, and the controller consistently placed small bets, wasting money and verifying the spotter’s card count. When the controller verified a positive card, he signaled the big bettor, who would place a huge bet and win big. This team approach gave the MIT players a two to four percent edge over the house.

How Successful Were They?

Kaplan ran the team like a business, and his first investor offering yielded an $89,000 stake. In his “prospectus” to investors, he expected players to win $170 per hour of play, which would be split equally between the player and investor. After his first 10 week run, players averaged about $165 per hour of play, which worked out to $80 per hour for the players and a return on investment of over 250 percent.

Throughout the 80s and 90s, the team, which at some points numbered 80 players, won millions and millions of dollars for its members and investors, with earnings often exceeding $400,000 on a single Vegas trip.

Where Are They Now?

Of the team members portrayed in the film, Jeff Ma went on to start a number of successful tech startups. Jane Willis studied law, and is a partner at the prestigious Boston firm Ropes & Gray. Mike Aponte won the 2004 Blackjack World Series, and then founded the Blackjack Institute. John Chang is still playing blackjack, although he has to remain heavily disguised in Vegas. Bill Kaplan, the man who started it all, retired from blackjack and founded a successful email marketing company.

Although these players won big with card counting, there are plenty of other ways to increase your earnings at the casino. Do you have a favorite game to win big on? Leave a comment below.

3 Ways to Not Blow Your Bank in One Go

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There’s a reason it’s called gambling. No matter how good or how lucky you may be, there’s no guarantee you’re going to win. A lot of people go into a game thinking they can’t be beat and before they know it, their bank account is empty. Here are a few ways you can enjoy your gambling experience without blowing your entire bank in one go.

Pace Yourself

Pacing yourself is the key to keeping money in the bank. With all of the game options, risk levels, and rules, gambling can be very overwhelming. Before you do anything, take a deep breath and make an action plan. Ask yourself which games you’d like to play the most, and which ones you’re the most comfortable playing.

By starting off with a simple game, or one you’re most familiar with, you can ease yourself into the gaming process, and maybe build up a little confidence too.

It can be very easy to lose track of time while gambling, so make sure you set a time limit for yourself. Prioritize your day and see where your gaming lands in that list of priorities. Once your time limit for the day has been reached, force yourself to walk away, no matter what.

Set a Spending Limit

This one is very important because a lot of things can happen during a game to make you lose track of your money. If you set a spending limit before you start playing, you’ll be more likely to stop once your limit has been reached.
A good way to work within in your spending limit is to pocket any money you win and set it aside. Don’t spend any of your winnings; only use the money you set aside for that day’s gaming. Once your spending limit has been reached, you’ll still be able to walk away with money in your pocket.

Make sure your spending limit is an amount you’re comfortable losing. Remind yourself of bills or expensive occasions coming up, don’t set too high of a limit for yourself and assume everything will work out.

Don’t Let Your Emotions Get in the Way

Winning and losing both incite emotion. When you’re winning, you’re excited and you don’t want to stop. When you’re losing, you panic and keep throwing money in to try and save yourself. Bringing outside emotions to a game can also have the same effect. If you play during a heightened emotional state, you’re more likely to make poor money choices. So make sure you approach each game with a clear head and conscience.

The best away to keep emotions out of your game is to keep your spending limit in mind, and pocket your winnings. If you hit a losing streak, have the common sense to walk away and stop throwing out money after a bad hand. Some days just aren’t as lucky as others, and that’s ok.

By being thoughtful with your money, and having a game plan before you sit down, you can keep your money in the bank, and have an enjoyable experience every time. How do you keep from blowing your bank roll when you play?

4 Reasons States Should Legalize Online Gambling

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Currently, there are only three states that permit online gambling – Delaware, Nevada, and New Jersey. More are expected to jump on board in 2014 as the federal government loosens its rules and regulations. Some people debate whether this is a good thing or not, but there definitely are significant benefits to legalizing online gambling. Take a look at these four reasons why states are starting to consider the move.

Online Gambling Would Boost the Economy

Online gambling in the United States is currently in a state of limbo as the government tries to decide how to handle the matter. There are two bills currently being discussed in congress that would move to legalize online gambling on a state level. Bloomberg Industries projects that online gambling will reach $23 billion in revenue nationwide by 2023 once it is legalized in more states.

The biggest incentive states have for legalizing gambling is the potential revenue in taxes that would boost the economy. Up until recently, all online gambling websites were based overseas. The United States was losing out on a huge stream of revenue. By allowing online gambling in the United States, the economy would recover much faster. Online gambling would also create more jobs, which is always good for the economy.

Identity Verification Is Easier to Monitor

Underage gambling will always be a problem at casinos and online. However, online gambling is a lot easier to monitor in terms of identity verification because minors don’t have credit cards. At casinos, minors can sometimes get away with gambling because they have cash. Yes, a minor can always steal their parent’s credit card, but the same is also true at a casino.

Regulations Are Easier to Enforce

Casinos get a bad rap because of the types of people that like to gamble. Some people get addicted to it and that creates a whole slew of problems, including a variety of crimes. Gambling at a casino allows people to retain some anonymity, but this isn’t possible with online gambling. That’s why it’s easier to catch problem gamblers online. Online casinos can set betting limits and catch crooks that would typically slip through the cracks at a physical casino.

U.S. Citizens Have a Right to Privacy

On top of all the other reasons already mentioned, people should be allowed to gamble online because it’s a form of recreation. There is also the argument that people are entitled to privacy and so they should be allowed to do anything they want in the privacy of their own home, unless it jeopardizes the freedoms and rights of others. People clearly enjoy gambling. Letting them do so without physically going to a casino would make them even happier. As long as the proper regulations are in place, there shouldn’t be a problem.

These are just a few reasons why online gambling should be legalized on a state level. However, the government has to carefully consider all the problems that could arise. That’s why it’s been such a slow process. There will come a time when it’s not hard to gamble online in the United States.

4 Cities Battle it Out to be the Top Gambling City in the World

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If you’re looking for a good place to gamble, there are several options. While not all states or even all countries allow gambling, there are many casinos and cities that love the revenue gamblers bring in. When you want to explore a new destination, consider one of these top cities for casinos.

4. Atlantic City, New Jersey

Atlantic City is one of America’s largest gambling destinations. In fact, it is the second largest casino destination within the United States. The city offers a total of 12 casinos and has an approximate yearly gaming revenue of $5 billion. In addition, the city has 25,987 slot machines and 1,279 tables between these casinos. This ensures that anyone who comes to gamble has ample opportunity to participate in their favorite games. In just January of 2014, Atlantic City had 14,525 hotel room bookings, offering a look into the number of people who visit the city.

3. Monte Carlo, Monaco

If you’re looking for luxury and opulence along with your gambling, you should head to Monte Carlo. The city is well-known around the world for the lavish casino and all the gambling that takes place. However, many are surprised to find that it is actually illegal for residents to gamble. Only visitors are allowed to hit the casino. Monte Carlo only has one casino, but it is one of the biggest in the world. You can find tables and slots of any game you like.

The city also only has five hotels, making it a difficult competition to get a room because of the small size. However, since Monte Carlo offers an easy place to gamble and feels luxuriant to many European citizens, it’s no shock that this city is one of the best places to gamble.

2. Las Vegas, Nevada

Las Vegas is the most well-known spot for gambling in the United States. It is also known the world over as a spot to place your bets on nearly anything. There are about 36 million tourists coming to the city each year. On top of that, there are approximately 75 casinos just in the city itself. These casinos offer everything a visitor could want, with nearly 200,000 slot machines and any other game you could imagine.

1. Macau

Many people looking for a great place to gamble may not have even heard of Macau. This is a beautiful area is one of the two Special Administrative Regions of the People’s Republic of China. The city offers some of the largest and most opulent casinos in the world. Because of this, Macau has a yearly revenue of nearly $38 billion. The wealthy in China head to Macau frequently for gaming and to get away. In addition, the city brings in visitors from all over the world.

There are many places to gamble around the world. However, if you want to go somewhere that is well-known and well-loved, select one of the cities above. With so much to do and see in each city, it’s no surprise that they each get thousands, or even millions, of visitors per year.

4 Best Casino Movies of All Time

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There’s something charming about Vegas. Perhaps it’s the glitz and glamor magnified by the barren Mojave Desert. Or maybe it’s the rush of adrenaline when a gambler sees “7-7-7” or a 21 at the Blackjack table. Also, if what happens in Vegas stays in Vegas, that’s bound to attract people looking for a hall pass for a weekend of debauchery. Hollywood has encapsulated the mystique of Vegas with these four films.

Ocean’s Eleven (2001)

Building on an already classic film from the golden era of mid-20th century cinema, the reboot of Ocean’s Eleven is definitely a casino movie for the ages. Featuring a modern-day Rat Pack with the likes of George Clooney, Matt Damon, Brad Pitt and Don Cheadle, Ocean’s Eleven plays on a fantasy many casino fans have-getting the upper hand on the house. Instead of trying fancy tricks at the card tables, Danny Ocean’s crew takes matters into their own hands and rob the Bellagio for millions. Instant fortune through devious con is what gamblers look for in a casino, right?

Casino Royale (1967)

Just like Vegas, the original Casino Royale is different things to many people. It’s been described as “psychedelic, absurd,” and a postmodern “momentary vision.” The movie might have been polarized among critics, but what else embodies the essence of Vegas more than a group of critics simultaneously praising and decrying a bizarre experience? The film itself is ultimately a zany hybrid of the spy and casino genres, featuring the oddly appropriate placement of Peter Sellers as a baccarat whiz, David Neven as the “real” James Bond, and even Woody Allen in another one of his signature roles. If the casino is an honest extension of human desire, then Casino Royale is a brilliant and satisfying parody.

National Lampoon’s Vegas Vacation (1997)

The folks responsible for National Lampoon made some of the most hilarious films in American history, ranking Vegas Vacation among some of the best comedies and casino films of all time. Vegas doesn’t present itself as the most family-friendly destination in America, so when the Griswolds head to Sin City, everything bad that could happen, does. The dad gets turned into a tiger for a Siegfried & Roy show, the daughter runs off to play with a stripper, the mother has a near love affair with Wayne Newton, and the entire family loses every penny-you know, the typical casino experience.

Casino (1995)

Based on the true tale of Frank “Lefty” Rosenthal and Tony “The Ant” Spilotro, Martin Scorsese’s Casino is a testament to the destructive nature of human greed exacerbated by a casino environment. Saturated with blood and cursing, the film is a wild ride of intrigue, romance and tax evasion, illustrating how high-level players use gambling as a business. The true story is based off the “Stardust Skim” incident in the mid-1970s, where an organized crime group took millions through rigged scales in casino games.

These four films illustrate the best and worst qualities of the casino lifestyle, and are best watched with cigars and martinis.

Gambling at Home: 5 Benefits of Online Casinos

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Going into a real casino is fun and exciting, but sometimes it’s not always possible or convenient. That’s where online casinos come in, giving you all the benefits of going to a casino in the comfort of your own home, and even extra perks you can’t get in a brick-and-mortar casino.

1. Game Selection

Playing online, you have the opportunities to play all of your favorite games without worrying a casino won’t have them. If you’re new to gambling, playing online is a great way to test drive games to see what you like. This will save you time and money wasted by going to a real casino. You can take games on test drives because there’s no obligation to play with real money, although you can if you wish. You can download games, or play them on a website, so they will always be there.

2. Family Fun Night

With online casinos, you can involve all the adult members in your family for a fun-filled night of quality time. You can play against each other or work as a team to beat other online players. Online game playing is the perfect alternative if you’re tired of the board games gathering dust on your shelves. Start new holiday traditions if you’re not into watching sports on TV. All games are easy to learn and most come with instructions. If you ever get caught in a sticky situation, simply look up advice in your search engine with a few simple clicks of a mouse.

3. Authentic Casino Feel

If you’re a more serious player but want the convenience of playing in your living room, there are websites that turn your whole desktop into a game playing table. You’ll be able to see other player’s avatars and create one of your own, betting with real money. Setting up a PayPal account will allow you to collect your winnings with all the privacy and security associated with not having to give out your personal banking account number.

4. Anonymity

Whatever your reasons for wanting to remain anonymous, you can play online without anyone knowing who you really are. Simply create an online avatar that looks however you want it to and choose a screen name. If you truly want to be unidentifiable, create a profile as the opposite sex, and pick a screen name no one could link to you.

5. Bonuses

One of the best benefits of playing online is the very generous and consistent bonus offers that online gamblers get. Websites offer registering bonuses, deposit bonuses, and of course promotional bonuses. You’ll be hard pressed to find a website that doesn’t offer perks to their players. These bonuses range from free game play to prizes, and sometimes even real money.
If you’ve ever been curious about whether online casinos are for you, try it out and see. You’ll have all the great things casinos offer and more.

4 Gambling Mistakes to Avoid

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Americans love the thrill of gambling. Eighty-five percent of adults in the United States have tried it at least once, and three in five have gambled in the last year. Games of chance can be a great form of entertainment, so long as you don’t make these common mistakes.

1. Not Knowing the Rules

Gambling might involve games of chance, but that doesn’t mean you should leave your fortune all up to fate. The most successful gamblers are the ones who know the rules of the games they play and the odds of the bets they make. Failing to do so could see you making silly, costly errors. Talk to a friend familiar with the games you’re interested in, or consult one of the many online gaming guides to sharpen your knowledge.
If you prefer to gamble from home, it’s worth noting that rules can vary from site to site. Some websites use American playing rules while others follow European guidelines. Online customer service staff can offer assistance if you’re unsure of a gaming site’s playing rules.

2. Chasing Losses

A wise man once said “You win some, you lose some.” The most successful gamblers make peace with this philosophy instead of chasing any losses they incur. It’s tempting to bet more money in the hopes of winning it all back, but you might just find yourself with a greater deficit.
Before you start to play, it’s a good idea to decide how much you feel you can afford to lose. Once you reach the limit you’ve set for yourself, stop. This simple strategy makes sure you continue to enjoy the games and finish with a smile on your face, no matter what the outcome.

3. Playing with Your Heart

If you want the best chance of winning, you need to play with your head and not your heart. If hunches were reliable, then psychics would clean up at the casinos. You’re much better trusting in the odds than any gut instincts you have. Games of chance remain games of chance whether you believe fortune’s smiling favorably on you or not. Playing with your heart also puts you at risk of making mistake number two.

4. Playing Drunk

Most casinos are happy to let the free alcoholic drinks flow while you’re gambling, but indulging in too many beverages can be a big mistake. Alcohol affects a range of regions in the brain, but few are impacted as dramatically as the prefrontal cortex, the area responsible for rational thought and decision-making. When you drink there’s much less activity in this area, which explains why excessive alcohol tends to make us act first and ask questions later.

If you’re seeing the game through beer goggles, you might fail to notice when the odds aren’t in your favor. You’ll likely to have much more success if you pace your drinks, and save the real celebrating for after you’ve won big.
Gambling can be a real rush, but don’t lose your head. Keeping your wits about you is one of the best ways to avoid making these gambling mistakes.

5 Things to Buy With Your Casino Winnings

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Everyone rolls the dice with dreams of hitting the jackpot. They know there’s every chance that they might be like Peter who won more than $38 million, the biggest ever progressive jackpot, playing online slots. They could be the next Archie Karas, who turned just $50 into $40 million during a lucky streak in Vegas. What would you buy if you enjoyed that type of windfall? These luxury items deserve a place on any wish list.

1. A McLaren P1 Supercar Sets the Standard

Most instant millionaires want to park a sports car in their garages. A Ferrari perhaps or a Lamborghini? But these vehicles pale in comparison with the McLaren P1 supercar, a high-speed sportster which comes with a hefty $1.15 million price tag.
You get serious guts for your money though because this powerhouse reaches 62 mph in less than three seconds and tops 124 mph in less than seven. With just 375 made, you’ll enjoy knowing you’ve got the only one in your neighborhood.

2. Wear Wealth on your Wrist with Hublot BB Watch

You can keep your Rolexes. For real luxury you’ll want to wear this Hublot BB watch. BB stands for Big Bang, a fitting moniker considering the impact of this diamond-encrusted timepiece.
Its 1282 gemstones were hand selected from all four corners of the world for their quality and clarity. Together they total more than 100 carats, which is just the right amount of bling for a big winner to wear. It’ll set you back a cool $5 million.

3. Buy Tropical Bermuda Private Island

Most people dream of taking a tropical vacation with their winnings, but if you win big, you need not ever come home. Perot’s Island, on Bermuda’s beautiful Riddell’s Bay, is one of many Caribbean islands for sale.
The 8.16-acre isle features a lavish seven-bedroom stone manor house with two swimming pools, a tennis court, private beach, a jetty for your yacht and parking space for six cars. You could live there and enjoy a permanent island getaway for $15 million.

4. Have Fun with a JetLev Water-Propelled Jetpack

The tropical waters of Bermuda seem like the perfect place to put a JetLev water-propelled jetpack. Most people couldn’t justify dropping $68,500 on a toy like this, but a big casino win allows you to be a little frivolous. Its creators insist it’s so easy to get the hang of their R200x that you’ll be able to fly solo in mere minutes.

The Jetlev R200x’s 255 hp engine helps it generate more than 500 lbf of thrust, which is more than enough to satisfy thrill seekers. Its fuel capacity of 26 U.S. gallons lets you zoom around for an hour at full throttle, or two to three if you take things a little easier.

5. Fly Into Outer Space

If Bermuda doesn’t seem far enough away from your everyday existence, perhaps a trip on Richard Branson’s Virgin Galactic is in order. The British tycoon will commence flights into outer space later this year. The two-hour trip will take you more than 62 miles above the earth, where you’ll experience the wonder of weightlessness. You can reserve your seat in space alongside celebs like Tom Hanks and Angelina Jolie for $250,000.

So don’t be afraid to dream big, because you never know when Lady Luck will smile on you!

5 Ways to Keep Your Information Safe When Gambling Online

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There are a lot of perks to online gambling like ease of access, playing from the comfort of your own home, and the ability to play games for free. Unfortunately, there are a few things you need to be careful with, like keeping your personal information safe from thieves. Here are a few ways to keep your information safe when you gamble online.

Check the Fine Print First

There are a lot of online casino gaming sites available, but not all of them are safe or even legal. When you find a site you’re interested in, make sure there is a terms and conditions page to look at. It may take some time to read through it all, but it could save you a lot of trouble in the long run.

If the site doesn’t have a terms and conditions page, that’s a red flag. Another thing to look for is a license. Not only are licensed sites more reliable than the others, they can usually offer you a bigger payout as well.

When checking the credentials of a site, be sure you understand their payout system as well. Money is usually transferred via PayPal, bank transactions, or money transfers. If a site charges you for these transactions or limits the amount you can withdrawal, it’s best to avoid them all together.

Be Careful With What You Say

If you’re playing in a room with people you’ve never met, small talk is likely to happen. In the heat of the game you may not notice what information, or how much of it you’re giving out. Try to avoid talking about anything too personal, this includes your full name, where you live, or where you work.

There are a lot of very clever thieves out there who can gain access to your credit cards, bank information, and personal information from a few minor details about your life.

Never Connect to Unknown Wi-Fi Hotspots

One of the best parts of online gambling is the freedom to play anywhere with your phone or mobile device. But if you’re going to play in public, be sure your connection is secure. If you’re in a caf

café, ask an employee for the Wi-Fi name. People can sometimes set up fake hotspots with a variation on the name of the café you’re in and get into your information once you connect.

Make sure your firewall and virus protection software are up to date before venturing out with your mobile device. And if you want to be extremely secure, invest in a personal Wi-Fi hotspot, or get a hot spot app for your phone.

Don’t Give Out Your Digits

Before you enter any personal information like a credit card or bank account number, be sure the site you’re on is a legitimately licensed site. If you’ve read the terms and conditions page but you’re still not sure, do a quick Google search about the site and see if they’ve had any reports of misconduct. If someone has been scammed in the past, you’ll probably be able to find something about it.

Gambling online can be a really relaxing and fun experience as long as you do it safely. Take the extra time to be a bit more cautious, and you’ll have a safer and more enjoyable gaming experience.