When Luck Matters in a Gambling Business

For over a quarter of a century now, gambling has dominated as an industry. More and more people do not just see this as a form of recreational activity but as a lucrative business opportunity as well.

Nowadays, there are almost 445 casinos in the United States and still growing more. No wonder why many business people are opting to start a gambling business of their own because it seems to be the in-thing today. And wherever trends come, business-minded people would surely dominate the scene.

However, like any businesses, operating a gambling business also entails careful management and makes use of strategic methods so as to increase the business’ money-earning potential.

Luck or Skill?

Most people say that operating a business needs dogged determination, skills in all aspects of the business, and luck.

Hence, it applies the same thing in gambling business. But where gambling mostly relies in the stroke of luck, gambling business owners should not do so. This is because operating a business, in whatever form, should not merely rely on luck but on one’s skills and determination.

Indeed, businesses also have the risk of losing or winning in the end, just like gambling. But nevertheless, it still needs the proper management and operative measures so as to have a successful gambling business.

Things to consider

Just like any kind of business, running a gambling business also entails money. A person can never continue running a gambling business if it no longer has money.

People should keep in mind that running a gambling business is not a “get-rich-quick_ scheme. Therefore, things that will be employed should be in conformity with the law.

It also needs good planning. Of course, there is nothing in this world that will be successful if not with good planning. Planning keeps the business right on track. It gives the owner a special guide in order to make decisions properly.

Moreover, dogged determination is required. Surveys show that almost 65% of the businesses, which were not able to succeed, had instantly given up their businesses just because of some trials.

And lastly, good accounting skill is needed in order to run a gambling game. After all, gambling entails lots of money, so it is just proper to keep track of whatever comes in and out of the business.

The bottom line here is that running a gambling business, like any other business, is not an easy job. What’s more, it needs a good combination of everything so as to get the business going, whether it includes luck or not.

The Secrets to Avoiding Addictive Gambling

Narcotic drugs aren’t the only things that are addictive in this world. Gambling is also addictive. There have been a lot of incidences of people stealing, getting too indebted sometimes even committing suicide just because of gambling problems. In addition Gambling happens legally in 27 states in the US.

Some people say it’s hard not to get addicted to gambling. Actually, it is only a matter of self control and knowing when to stop. Gambling need not be addictive if you don’t view it as that.

Off course, gambling is all around us, simple bingo nights for charity, bets with friends, these are all a gamble, but why doesn’t everybody get addicted if it’s this widespread? The answer is everyone that’s not addicted knew when to quit.

Most compulsive gamblers lose their rationality and actually believe that they are “lucky”, that there’s no way that they can lose.

First of all you must know that eventually, everybody loses in gambling. The only party that wins is the company. Gambling was designed to produce net profits for the owners.

If you are gambling for recreation and not for winning, it may only be a matter of time before you become a professional gambler. These are the people who live off betting and risking. A large win might be the single trigger to make you believe that you’ll always win. And this isn’t the correct mindset.

If you catch yourself finding the urge to gamble, why not ask your family or friends to play with you in a low-risk game, like bet tonight’s dessert or who gets to take out the garbage. As much as possible, never bet with money.

If you’re starting to have gambling impulses, better stay off casinos or any place that focuses on gambling. Ask the help of family or friends so that you won’t’ be tempted.

When the addiction is really starting to get hold, it’s probably best to find an organization or a share group in your community that deals with these types of addiction. Like Alcoholism, Gambling addiction is curable, and what better cure than prevention.

Remember, gambling is your choice, you’re not being forced into it; you don’t have to do it to have a good time. If you’re starting to think of borrowing money just to finance your gambling, tell someone close to you about it and with their help, discuss the disadvantages and probable problems that could come out of too much gambling.

Why Senior Gambling Exists?

In the United States, gambling is a prevalent activity. In 2002 alone, surveys show that almost 65% of the American population is hooked up with gambling.

In fact, there are professional analyzers that insist on their findings that there are more people who spend more money in gambling than they would do with the other nonsense items such video games, theme parks, and movie tickets, even if all of these things are combined all together.

Since then, there have been numerous reports about how gambling is penetrated in the society. There are still studies that lack evidence and conclusions about senior gambling.

These should pose an alarming case. This can be attributed to the recent survey done on almost 7,000 seniors, wherein, bingo had ranked as the second most-played gambling game by seniors.

Moreover, the number of senior people who are into gambling have increased from 20% in 1974 to 50% in 1988. These figures can be very alarming in spite of the long gap between 1974 and 1988. Also, this only goes to show that senior gambling is gradually but steadily growing in number.

Because most of the seniors have already gotten their “nest eggs,” they have more tendencies to get involved in gambling because of their money.

So, for people who want to know why senior gambling is so rampant these days, here’s a list of some facts that could be of great help.

1. Senior gambling is prevalent because of the fact that they do not have anything to do and that gambling is the only activity they find lucrative and at the same time gratifying.

2. Lack of attention and deteriorating opportunities made available for their social interaction, older people are more vulnerable to gambling these days. They find gambling as one way of escaping the hard realities of life that they could not bear. In turn, they gamble a lot so as to forget life’s problems.

3. Another reason why a lot of senior people are so much into gambling is that they have money, usually from their nest eggs or retirement funds. The more money they have, the more chances of gambling more.

4. In reality, senior gambling does not delve more on winning but more on the entertainment and satisfaction that they get whenever senior people gamble.

5. More privileges are available for senior gamblers, thus, seniors find it more convenient and more pleasurable to play gambling.

How to Deal with a Gambling Problem

A gambling problem usually occurs when a person over indulges in gambling, ending up being indebted and having dysfunctional relationships with loved ones.

First of all, Gambling is addictive. The risk and the winning can have a psychological effect on a person, making him unreasonable and irrational.

The first step to solving a gambling problem is acknowledging it. Gamblers Anonymous have the following set of questions to test if you indeed have gambling problems.

1. Did you ever lose time from work or school due to gambling?

2. Has gambling ever made your home life unhappy?

3. Did gambling affect your reputation?

4. Have you ever felt remorse after gambling?

5. Did you ever gamble to get money with which to pay debts or otherwise solve financial difficulties?

6. Did gambling cause a decrease in your ambition or efficiency?

7. After losing did you feel you must return as soon as possible and win back your losses?

8. After a win did you have a strong urge to return and win more?

9. Did you often gamble until your last dollar was gone?

10. Did you ever borrow to finance your gambling?

11. Have you ever sold anything to finance gambling?

12. Were you reluctant to use "gambling money" for normal expenditures?

13. Did gambling make you careless of the welfare of yourself or your family?

14. Did you ever gamble longer than you had planned?

15. Have you ever gambled to escape worry or trouble?

16. Have you ever committed, or considered committing, an illegal act to finance gambling?

17. Did gambling cause you to have difficulty in sleeping?

18. Do arguments, disappointments or frustrations create within you an urge to gamble?

19. Did you ever have an urge to celebrate any good fortune by a few hours of gambling?

20. Have you ever considered self destruction or suicide as a result of your gambling?

A problem Gambler would answer Yes to at least seven of these questions.

If you are indeed a problem gambler, the following tips should help you out of your gambling ditch:

* Never take credit cards or an ATM card with you when you gamble, just take the amount that you intend to spend that day.

* Limit the time you gamble.

* Remember, there are more chances of you losing than winning.

* When you win, keep the money and have an agreement with yourself not to use it.

* When you run out of money, give up, never borrow cash for gambling.

* Never hesitate to ask help from a buddy. Bring a gambling buddy who’s not addicted and ask him to keep you in check.

Know which form of gambling is for you

Gambling has evolved into different forms. Gambling, primarily, is a form of entertainment. It is a sport involving money, or whatever is at stake, in a game of chance. Gambling or betting began as early as 2300 B.C. Gambling artifacts, like dice, had been found in countries like Egypt, China, India and Rome. In a recent poll, 63% of Americans support legalized gambling. Another 22% agree that it must be expanded. From dice to roulettes and to computer mouse, which form of gambling is for you? Here are some choices:

*Casino games

These are gambling games usually played inside the casino. A player can win with the right tactic and optimistic mathematical probability. Here are some examples:

Poker

Poker is the most popular casino game. It is believed to have been originated from the game ‘as nas’, which is a Persian game. It uses a deck of cards for a series of betting rounds. The player with the best hand wins the pot. Poker is also regarded as a game of strategy and skill.

Online Casino

These are virtual casinos that are played on the internet. The rules are similar with actual casino games but players can either be a real or computer- generated players.

Slot machines

A betting machine that uses a coin to rotate a set of reels usually pulled by a lever. You have to get identical patterns to win.

Roulette

Roulettes were invented by Blaise Pascal, a French mathematician, in 1842. It is a simple gambling game where in you have to bet on which number a small ball will hit.

*Gambling with fixed- odds

These are certain types of game where in you have to bet on a specific outcome of a given situation. These include horse racing, baseball, motor racing, jai alai and ice hockey, among others.

*Sports betting

Even though illegal in most countries, sports betting have boomed in the gambling industry. Bets are based on a point system of sports, like baseball or football. Common sports bets are: against the spread, against odds and against a combination of spread and odds.

*Arbitrage betting

You might often see this on the web tagged as risk- free gambling. The concept is to put a bet on a particular result with varied betting groups. Being an investment procedure, it involves a bigger amount of money compared to normal gambling.

Be sure to treat gambling as a pastime, and not a source of money. When engaged in one, set a maximum spending limit. Practice gambling in moderation and don’t let it interfere with your set priorities in life.