Casino Gambling Betting

Ever fancied trying your hand at financial spread betting but haven’t really known what it’s about, or where to get started? In this article we take a very basic look at financial spread betting and ask what it’s all about.

Financial spread betting is a commonly used retail derivative employ to speculate which direction the share price of a stock/commodity/index will take without actually owning or purchasing any of the shares. It is now one of the United Kingdom’s most popular methods of trading, and this is not surprising given that any profits are 100% free from stamp duty and Capital Gains and Income Tax. A spread bet is a contract between the client and spread betting company where the bet is based on an underlying financial instrument. Actual ownership of that financial instrument never takes place.

One of the principle reasons for using this tool is to profit from markets such as stocks and shares, bonds, foreign exchange, and commodities such as crude oil and gold, be they on the UK or international markets. Financial spread betting is a great way for smaller investors to trade without committing to a large financial investment.

Unlike bets in bookmakers, there are no fixed odds in spread betting, but instead a stake is betted (pound s per point) on the direction of the market. If the trader bets that the price will rise, this is called ‘going long’, and if the better predicts the price will fall, this is called ‘going short’. So rather than direct ownership of equities in a company, the trader is betting on which direction he thinks the price will go. Any profit or loss made is determined by the difference in buy and sell (bid and offer) prices.

Another advantage of financial spread betting is that it is also possible to make money if the price falls, unlike the more traditional methods of trading. And making profits here is as simple as making profits in a rising market, it simply depends on how far (how many points) the price has fallen against the price the time the bet is executed.

There are principally two types of spread bets at present. The first is a bet which closes once the markets close, and the second is a bet which will close at the end of a quarterly cycle. Daily spread bets do have expire at the end of each day but for a small ‘interest’ charge you can roll over these bets into the next trading day or trading cycle.

Benefits of financial spread betting include access to most markets 24 hours a day, all markets traded through just one account, and the use of smaller bets. This is attractive for traders who are looking to get in and out of a trade quickly. Another benefit is that there is no commission or fees involved and all of the costs are included in the bid-offer agreement. With financial spread betting your financial products are all in the same place and under the currency of your choice, pound sterling, US dollar, or euro. This saves you the inconvenience and costs involved in exchanging currencies.

As with all trading and investment, there is an element of risk involved and if the market moves in the opposite direction to your bet, you may lose your money. Research your market and only bet what you can realistically afford. Stop-loss facilities are offered by most financial spread betting companies to help you monitor your funds. These facilities are set up to suit your individual financial requirements but they may not be guaranteed and money can still be lost.

Stuart Smith writes extensively on Financial Spread Betting subjects and is the owner of leading website http://www.spreadbettingftse.co.uk

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]

Horse betting is one of the most challenging activities for someone with a penchant for gambling. Those addicted to this activity spend hours betting on the horses, handicapping the races, and researching the race methods. However, if you are a newbie, you will find getting into horse stakes quite perplexing. But once you get familiar with the system, wagering on horses is simple fun.

Here are some basics on Horse Bets that will help you make a start.

Starting A Horse Bet

Starting a bet and knowing how much money to place is the initial challenge that a newbie faces. First, it is important to know the type of wagers that go around.

Win – The word ‘win’ means picking the horse that you expect to win the race. If the horse wins, you win the bet.

Place – When you place a bet to ‘place’, the horse must finish either first or second. Though your stakes are lesser than ‘win’, it is still a good Horse Bet.

Show – ‘Show’ is a conservative bet when the horse finishes either first, second, or third. That’s a profitable wager, if chosen wisely.

Across the board – Here you place the bet in all the three positions. You are lucky, if the horse wins, because you collect the booty of all the three bets. If the charger finishes second, you show the bet and collect ‘place’. If the stallion finishes third, the rules permit you to collect only the show bet.

Once you are familiar with the above, it is up to you to decide your risk appetite. Nevertheless, it is prudent to keep aside a fixed amount for Horse Betting, and not wager on the money that you want to take home.

Some Exotic Online Betting Stakes

There are many forms of exotic bets that are more complex than the basic ‘win’, ‘place’, and ’show’. Here are some examples.

Exacta – Here you pick the first and the second places in that order. Playing in multiple combinations is a very popular mode.

Quinella – The rules of Quinella are that you must pick horses that finish first and second. You win the bet if one of the horses finishes either first, or second.

Daily double – Here you must pick the winning horse in two successive races. The rules allow multiple combinations. That is, you win if each of the horses wins either of the successive races.

Superfecta – In Horse Betting, superfecta means that you select the horses that finish first, second, third, and fourth, in that order.

Some people believe that understanding the horse racing system is a pushover, and some magical formula exists for making a quick buck by handicapping and Horse Betting. The fact is, wagering on horses is complex and needs some practice, and a bit of intuition. There is an axiom that says – all systems work well for a period, and then profits start falling. You may spend a good part of your life betting on horses, and yet remain in the red. The keyword for success is to master the mental game to be a winner in Horse Betting.

Horse Betting is a website that provides you with links of bookies and betting operators in the horse racing arena, in addition to the latest news and analysis on various horse bets.

Going on a cruise and gambling both are a form of enjoying the extreme luxuries of life. When joined together they can create an atmosphere of ultimate amusement. The waves in water always enhance the excitement of any journey and the atmosphere of any cruise enhances delightful experiences of touring. Added to that the enjoyment created by playing games at casino while on a journey to some port provides an experience of lifetime. People usually have ample free time while on any cruise they can do not more than watch the scenic beauties around the waters or just wait for the destination to arrive. Well, all this is fine as long as the trip is short but with the increase in time span of the journey there’s a need for some time pass. What better way than having a casino on the cruise to have an enjoyable journey.

One of the most popular games Poker was invented on the waters of Mississippi river. Boatmen while on their way towards the destination developed a card game that later became the most favorite among all other games in the casino. While governments of most countries and states have their own governing the existence of casinos on board yet most governments now legally allow having gambling centers floating on water. Well this is far from truth that only long journey luxury cruises have casinos on them also short trips of about four to five hours and a day long trip are also dedicated to casino lovers. At many times people board on ships just to enjoy the game while on water and they come back after having an experience of a pleasurable journey.

Some of the short boat trips having casinos in them also offer free service to its passengers as the revenue earned by the cruise from the gambling games makes for the cost of ferrying. This is a preferred choice for many as it solves dual purpose of traveling and enjoyment together. The desire of winning games and making lots of instant cash may not be the only motive for having casinos on cruises. Here the major motivation is of having a fun filled journey. People are not in the cruise casino to hit a jackpot but yet the money involved in the game is of considerable amount.

Apart from the gambling games in the casinos there is also variety food for the travelers. Other than the most popular games of poker and Blackjet several additional playoffs like that of slot machines and roulette are also available. One does not need very high amounts of cash when inside a cruise or riverboat casino as contradicted to while playing on land. Many travel agencies also provide a day trip of cruise with a casino as an included activity in their travel plan. Cruises in the Mississippi waters are world famous for their hospitality and excellent facilities they provide. If anyone is willing to enjoy gambling for fun or go for a cruise on vacation they can choose either of the two from the numerous options available. And the best option may well be to enjoy the best of both events by going on a cruise that has a casino in it.

Mansi aggarwal writes about cruise gambling. Learn more at http://www.cruiseandgamble.com

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