Ok,so let's talk about another income stream. If you like to play poker then this post is for you. most people play the game because they enjoy it.
Aside from just enjoying the game, why should anyone play poker for money? The answer is a blank for most people, and in a nutshell that is the reason some other people should play the game. Poker is a game where study, deliberately trying to improve and hard work pay off. There is no poker equivalent of taking golf lessons that make some aspect of your game better but that screw up those few things you currently do well. The only close parallel in the cumulative learning process involved in poker is something like once you learn how to successfully bluff you have to still maintain patience and not try to bluff every single hand.
But beyond the most basic levels, improving as a poker player is usually quite difficult. Evidence of this can be found by observing the mass of players. It is really easy to say "going on tilt is bad, so don't do it." But not one player in ten manages to keep tilt to a trivial level. Somehow in the rest of their lives people are able to handle equally obvious concepts: don't lick frozen lampposts; don't put your hand on a stove burner; don't wear your clothes inside-out. But when it comes to poker, they simply can't prevent their anger, machismo and stubbornness from governing their play.
But more to the point, most players simply refuse to accept that poker is a difficult, complex game that requires much from them.
Believing in ghosts and fairies is easier than doing the hard work needed to win. Saying "change the deck" is easier than studying opponent's tendencies and adapting your play to their strengths and weaknesses. Crying, whining, blaming dealers, flinging cards or saying the game is rigged, these exist in the poker world because they are easier to do than studying and having patience.
Even among somewhat more thoughtful players, the lust for shortcuts overwhelms them. They crave easy answers to complex problems. They want to be told an answer rather than learn it -- despite the fact that phantom knowledge does not bring success.
One common question shortcut players ask about Texas Holdem or Omaha is: "what percentage of hands should I play before the flop?" This is akin to asking: "what should I wear?" Well, for what? Are you going to a wedding or a digging a ditch? Are you in the Amazon or the Antarctic? The question alone isn't just pointless, it's ridiculous.
Some games are loose and aggressive; others are tight and passive. Some games feature seven solid opponents and one looney-tune donator. Then you get to more specific circumstances. The percentage of hands you play third under the gun with a super-tight rock in the big blind will be different that the percentage of hands you play when an outstanding loose-aggressive player is in the big blind.
Don't misunderstand. I'm not talking about "it depends." I'm talking about the process of poker. Each circumstance and judgment you face in a poker game is an opportunity to exercise thoughtful decision-making and data processing.
And so, you should play poker for money if you like to do that!
Players who want to follow the rules or thought-processes set out by others, even outstanding players, are not playing poker so much as pretending to play poker. Poker is a battle of wits, intellects, of nerve. In short, winning poker is a challenge. Play poker to win if you like a challenge (and not coincidentally, money).
Players who seek to avoid challenge do not succeed. Sir Edmund Hillary did not take a helicopter to the top of Mount Everest. Great explorers explore, and so do great poker players. So if you enjoy it then do it.
Tuesday, September 8, 2009
Monday, September 7, 2009
Another way to make money online
If you are like me then you like sports. If you like sports then you either know someone who or you yourself gambles on sports. If you do gamble than why not use the Internet to show your skills and make some money while you are at it.
Now you may already have a bookie you deal with and that is fine but why not get the most for your money after all you have put in the time on research and picking your plays.
That being said let's take a look at the differences between street books and sports books on the Internet.
Online vs. Bookie
Betting Online vs. the Corner Street Bookie
There are MANY reasons for one to choose the online gambling route rather than placing bets through the traditional corner street bookie. Let's take a look at a few:
Convenience!
No busy signals! No "call in between the hours of 9 and 4." Online sports books are open 24 hours a day 7 days a week 365 days a year. Bets can be placed by phone, computer and now one can do so via their mobile/wireless device from anywhere! Even fishing from the lake!
More Options!
Does your book offer action points? Pleasers? Does he let you buy points off of sides and totals? Does he offer props? He surely doesn't offer online poker as most online sports books do.
BET ON SIDES, TOTALS, TEASERS, PARLAYS, PROPS AND MORE USING YOUR CREDIT CARD AND TO GET A 10% SIGN UP BONUS WHEN USING YOUR CREDIT CARD TO DEPOSIT AT SPORTS BOOK
Bonuses!
We've yet to hear of a bookie that gives you 10-20% extra on your first deposit! Almost all offshore sports books offer some sort of incentive whether it be free bets, sign up bonuses or player loyalty programs in which you accrue points based on your play that you can redeem for prizes.
Better Lines/Odds!
By playing online, you have more choices which means you can shop for the best value. No more being locked into one line. No more inflated homer lines involving the team which is based in the city you live in. Better yet, keep your corner street bookie the hell out of it. That's what he gets for offering some shaded local game lines!
Reduced Juice Offerings!
Does your man give you -104 on NFL sides like Pinnacle Sports does? Stability!
If your man gets crushed, there's a good chance he's underfunded and is going to disappear with everybody's winnings. Online bookies are enormous in size and are real corporations. Some are even publicly traded. No stiff jobs here!
I know this post may ruffle some feathers around the cyberspace world but hey, are we not here to try and make money? I am not promoting just letting everyone know there is more out there.
Now you may already have a bookie you deal with and that is fine but why not get the most for your money after all you have put in the time on research and picking your plays.
That being said let's take a look at the differences between street books and sports books on the Internet.
Online vs. Bookie
Betting Online vs. the Corner Street Bookie
There are MANY reasons for one to choose the online gambling route rather than placing bets through the traditional corner street bookie. Let's take a look at a few:
Convenience!
No busy signals! No "call in between the hours of 9 and 4." Online sports books are open 24 hours a day 7 days a week 365 days a year. Bets can be placed by phone, computer and now one can do so via their mobile/wireless device from anywhere! Even fishing from the lake!
More Options!
Does your book offer action points? Pleasers? Does he let you buy points off of sides and totals? Does he offer props? He surely doesn't offer online poker as most online sports books do.
BET ON SIDES, TOTALS, TEASERS, PARLAYS, PROPS AND MORE USING YOUR CREDIT CARD AND TO GET A 10% SIGN UP BONUS WHEN USING YOUR CREDIT CARD TO DEPOSIT AT SPORTS BOOK
Bonuses!
We've yet to hear of a bookie that gives you 10-20% extra on your first deposit! Almost all offshore sports books offer some sort of incentive whether it be free bets, sign up bonuses or player loyalty programs in which you accrue points based on your play that you can redeem for prizes.
Better Lines/Odds!
By playing online, you have more choices which means you can shop for the best value. No more being locked into one line. No more inflated homer lines involving the team which is based in the city you live in. Better yet, keep your corner street bookie the hell out of it. That's what he gets for offering some shaded local game lines!
Reduced Juice Offerings!
Does your man give you -104 on NFL sides like Pinnacle Sports does? Stability!
If your man gets crushed, there's a good chance he's underfunded and is going to disappear with everybody's winnings. Online bookies are enormous in size and are real corporations. Some are even publicly traded. No stiff jobs here!
I know this post may ruffle some feathers around the cyberspace world but hey, are we not here to try and make money? I am not promoting just letting everyone know there is more out there.
Labels:
bookies,
online bookies,
online gambling,
sport books,
sports betting
More Than One Way To Have Success On The Internet
Well it's been a while since I posted. So, I am back and ready to supply some of the knowledge and insight that I have learned while away. The big thing that I have learned is that while I have focused on Home based businesses, there is a whole lot more out there than just that.
The first that I would like to talk about is Forex. This is the buying and selling of currencies in order to produce a profit. The overview of the Foreign exchange, Forex or just FX is the trading of the world's many currencies. The Forex market is the largest market in the world, with trades amounting to more than USD 3 trillion every day. Most Forex trading is speculative, with only a low percentage of market activity representing governments' and companies' fundamental currency conversion needs.
Unlike trading on the stock market, the Forex market is not conducted by a central exchange, but on the “interbank” market, which is thought of as an OTC (over the counter) market. Trading takes place directly between the two counterparts necessary to make a trade, whether over the telephone or on electronic networks all over the world. The main centres for trading are Sydney, Tokyo, London, Frankfurt and New York. This worldwide distribution of trading centres means that the Forex market is a 24-hour market.
So, you might be asking what is a currency trade? A currency trade is the simultaneous buying of one currency and selling of another one. The currency combination used in the trade is called a cross (for example, the euro/US dollar, or the GB pound/Japanese yen.). The most commonly traded currencies are the so-called “majors” – EURUSD, USDJPY, USDCHF and GBPUSD.
Why Trade Forex?
•24 hour trading
One of the major advantages of trading Forex is the opportunity to trade 24 hours a day from Sunday evening (20:00 GMT) to Friday evening (22:00 GMT). This gives you a unique opportunity to react instantly to breaking news that is affecting the markets.
•Superior liquidity
The Forex market is so liquid that there are always buyers and sellers to trade with. The liquidity of this market, especially that of the major currencies, helps ensure price stability and narrow spreads. The liquidity comes mainly from banks that provide liquidity to investors, companies, institutions and other currency market players.
•No commissions
The fact that Forex is often traded without commissions makes it very attractive as an investment opportunity for investors who want to deal on a frequent basis.
Trading the “majors” is also cheaper than trading other cross because of the high level of liquidity. For more information on the trading conditions of Saxo Bank, go to the Account Summary on your SaxoTrader and open the section entitled “Trading Conditions” found in the top right-hand corner of the Account Summary.
•100:1 Leverage
Leverage (gearing) enables you to hold a position worth up to 100 times more than your margin deposit. For example, a USD 10,000 deposit can command positions of up to USD 1,000,000 through leverage. You can leverage the first USD 25,000 of your investment up to 100 times and additional collateral up to 50 times.
•Profit potential in falling markets
Since the market is constantly moving, there are always trading opportunities, whether a currency is strengthening or weakening in relation to another currency. When you trade currencies, they literally work against each other. If the EURUSD declines, for example, it is because the US dollar gets stronger against the euro and vice versa. So, if you think the EURUSD will decline (that is, that the euro will weaken versus the dollar), you would sell EUR now and then later you buy euro back at a lower price. In case that the EURUSD indeed declines, then you can take your profit. The opposite trading scenario would occur if the EURUSD appreciates.
So as you can see this is just another way to have success in cyberspace. Stay tuned for more ways to profit from this thing we call the Internet.
The first that I would like to talk about is Forex. This is the buying and selling of currencies in order to produce a profit. The overview of the Foreign exchange, Forex or just FX is the trading of the world's many currencies. The Forex market is the largest market in the world, with trades amounting to more than USD 3 trillion every day. Most Forex trading is speculative, with only a low percentage of market activity representing governments' and companies' fundamental currency conversion needs.
Unlike trading on the stock market, the Forex market is not conducted by a central exchange, but on the “interbank” market, which is thought of as an OTC (over the counter) market. Trading takes place directly between the two counterparts necessary to make a trade, whether over the telephone or on electronic networks all over the world. The main centres for trading are Sydney, Tokyo, London, Frankfurt and New York. This worldwide distribution of trading centres means that the Forex market is a 24-hour market.
So, you might be asking what is a currency trade? A currency trade is the simultaneous buying of one currency and selling of another one. The currency combination used in the trade is called a cross (for example, the euro/US dollar, or the GB pound/Japanese yen.). The most commonly traded currencies are the so-called “majors” – EURUSD, USDJPY, USDCHF and GBPUSD.
Why Trade Forex?
•24 hour trading
One of the major advantages of trading Forex is the opportunity to trade 24 hours a day from Sunday evening (20:00 GMT) to Friday evening (22:00 GMT). This gives you a unique opportunity to react instantly to breaking news that is affecting the markets.
•Superior liquidity
The Forex market is so liquid that there are always buyers and sellers to trade with. The liquidity of this market, especially that of the major currencies, helps ensure price stability and narrow spreads. The liquidity comes mainly from banks that provide liquidity to investors, companies, institutions and other currency market players.
•No commissions
The fact that Forex is often traded without commissions makes it very attractive as an investment opportunity for investors who want to deal on a frequent basis.
Trading the “majors” is also cheaper than trading other cross because of the high level of liquidity. For more information on the trading conditions of Saxo Bank, go to the Account Summary on your SaxoTrader and open the section entitled “Trading Conditions” found in the top right-hand corner of the Account Summary.
•100:1 Leverage
Leverage (gearing) enables you to hold a position worth up to 100 times more than your margin deposit. For example, a USD 10,000 deposit can command positions of up to USD 1,000,000 through leverage. You can leverage the first USD 25,000 of your investment up to 100 times and additional collateral up to 50 times.
•Profit potential in falling markets
Since the market is constantly moving, there are always trading opportunities, whether a currency is strengthening or weakening in relation to another currency. When you trade currencies, they literally work against each other. If the EURUSD declines, for example, it is because the US dollar gets stronger against the euro and vice versa. So, if you think the EURUSD will decline (that is, that the euro will weaken versus the dollar), you would sell EUR now and then later you buy euro back at a lower price. In case that the EURUSD indeed declines, then you can take your profit. The opposite trading scenario would occur if the EURUSD appreciates.
So as you can see this is just another way to have success in cyberspace. Stay tuned for more ways to profit from this thing we call the Internet.
Labels:
currency trading,
forex,
forex market,
fx,
investing,
otc
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