Prevent Trading From Turning Into Gambling

A common view of trading is that it’s the same as gambling.

While gambling itself can be harmless when done is small doses and for harmless excitement, it becomes a problem when it’s an addiction, and causes grievous harm to a person and/or other people involved.

As a result, gambling has negative social connotations.

The actual definition of gambling is:

“Betting or staking of something of value on the outcome of a game or event.”
Trading in essence is betting or staking something of value on the outcome of a trade, but the difference is that we can take trades that place the probability of winning in our favor.

Trading for profit is a skill, and should be approached as a business in order to turn a profit from the markets. When one is trading and gets caught up in the emotional highs and lows, it’s very difficult to keep composed and rational when making decisions.

While gambling is essentially a game of chance, we can turn trading into a business by placing the odds in our favor. Having a trading system that returns us a profit after a series of both winning and losing trades is literally the license to print money.

Of course, it’s easier said than done, but there are people who understand this and have mastered the art and science of trading for profits. And if someone in the world has done it, it means that we know it’s possible to make trading a business.

Trading and Casinos

Why do casino’s make so much money? They are involved in the gambling business, right?

They win because they’re the house, and they get to change the rules so that the games favor them. If you’re the casino, the more money being gambled at your tables, the more money you make at the end of the year.

The thing with trading is that you can put the odds on your side. That’s your trading edge.

If you look at an individual trade, essentially yes, the outcome is uncertain. But if you have a system that generates profit after a series of trades, are you still a gambler?

And the point is this, whether trading is gambling or not isn’t the main issue. It’s just a psychological trick that traders allow other people to play on them.

Thinking that trading = gambling isn’t going to help you become a more successful trader one bit. If you know you have no chance for success, then why even attempt it? Give it up, and find something better to do with your life. Unless you’re trading (or gambling) for the thrill of the highs and lows!

The best way to prevent trading from turning into gambling is to start treating it like a business. Don’t plunk your money into just any trade. Have a trade selection criteria, eg. if you have 10 trades that meet your trading set-up, take only those that have the best risk:reward ratio, for example.

Stop looking at hitting that home run with one trade, but look at the long term picture of what it’s most likely going to be after a series of trades, or after a length of time.

If you approach trading as you would starting a business, then it’s much easier to prevent trading from turning into gambling.

Targeting Bingo Players to Grow Your Affiliate Gambling Business

The best online traffic is perfectly targeted traffic. By this I mean getting your advert or link directly in-front of your target niche instead of to the public at large. This much is obvious but how do you go about targeting potential bingo players? First we need to find out who really plays bingo.

Until now most people associated bingo with groups of old ladies at their local bingo hall, cup of tea and a biscuit in one hand and bingo card in the other. Today, bingo is played all across the world, online and in modern bingo halls – with players from every race logging on and having a go. It’s cheaper, faster and more exciting – with loads of huge jackpots and special prizes on offer around the clock and quick-fire games with lively enough chat rooms to keep everyone entertained.

Recent studies have shown that there are over 100 million bingo players worldwide, but roughly 80% of these players are actually women that are aged between 30 and 50 years old. The spare 20% are men of the same age range.

OK so we know who the bingo payers are so how do we target them? Most bingo players are stay at home parents, usually female and the game allows them to chat with new friends and have fun while still being able to keep an eye on the kids. This has lead to the social networking, forums, communities and chat rooms of a bingo site being seen as just as important as the big games and jackpots for many – and having ‘bingo buddies’ one of the biggest perks of the game.

So far so good so how do we draw them in, any ideas? Each bingo site online is different – with some catering to each bingo demographic individually (usually focussing on community spirit), while others use celebrity gossip, flirting and exclusive red-carpet offers and prizes to lure in the younger players – a percentage of bingo players that has sky-rocketed in recent years. In the UK, the proportion of players that are under 45 years of age has shot up from 46% to 62% in the last decade, with players between the ages of 18 and 24 now making up 700,000 of the 3.5 million players in Britain.

You can even take these niches further. Many newspapers also have set up their own online bingo division, so you can play with bingo players with similar political leanings to yourself and some high-street shops have even created their own bingo sideline – with cheeky bingo and interesting prizes offered by the bingo site of a certain high-street lingerie and toy chain (now closed). A classic example is Littlewoods bingo.

With 100 million bingo players out there you can afford to narrow your niches. The UK currently has over 80 bingo sites so each with their own niche games and chat rooms.

How To Start Your Own Online Casino and Poker Gaming Business

Did you know that online gambling business is currently one of the fastest growing business categories in the world? The popularity of online gaming is increasing rapidly and this year has seen significant growth in Europe and Asia. In China and Malaysia, there are twice as many online gamers as there are Internet shoppers. Around 43% of Chinese Internet users play games online, while just 16% report that they shop online.

Revenues in online gaming business rose from only $800 million to over $2 billion in 1999! By year 2010, it is estimated that online gambling industry will top over $16 billion in revenues! London-based Merrill Lynch analyst Andrew Burnett says online gambling could generate more than $150 billion in revenues by 2015.

Until recently small entrepreneurs had no chance of getting into the gambling industry, because of huge capital investments, gaming license acquisitions and legal red tape. The internet eliminated all the obstacles. You can now own and promote your own online casino, sportsbook and multiplayer poker room gaming business and generate revenues you’ve only dreamt about.

There are 3 ways to start an online gaming business:

1) Most Expensive – Design and implement all gambling software for an online casino, sportsbook and multiplayer poker room which could cost you millions of US Dollars. You will also need to obtain a gaming license to run your online gaming business, which requires approval from most governments. However, you will have full control of your gambling site, and full knowledge of the source code of your gambling software. In addition, no royalties are paid out to a gambling software development company.

2) Average – Become a Licensee of an Online Gambling Software Provider. This is a far less expensive option to start an online gambling business and you will receive all the gambling software and sometimes even the equipment necessary. It is also the most popular option for both licensed land-based establishments as well as entrepreneurs. Costs range from $30,000 to $350,000. The average licensing fees are around $150,000 (this usually includes marketing costs). In most cases a royalty is paid to the gambling software provider as a percentage of the monthly “take” or “drop” (gross profit). Usually the gambling software provider has payment processing (merchant account providers) already set up for a fully turnkey operation.

3) Most Affordable – Become a Sublicensee of an existing Licensee. This is the least expensive option to start an online gambling business. Costs range from $5,000 to $60,000. The sublicensee is responsible for all the marketing and receives a smaller percentage than a full licensee (2), because royalties paid to the licensee are much higher.

To legally operate online gambling businesses, online casino and poker room owners turn to sovereign governments in countries that permit online gambling and duly issue licenses for gambling operations. The casinos and poker rooms are registered as offshore gambling operations and in turn, the respective countries gain significant licensing fees and tax-generated revenues.

As Internet use spreads across the globe, online gambling business will continue to be one of most profitable online business opportunities of the 21st century.

How to Find Cheap Console Games Online

Do you own an Xbox 360 or PlayStation 3? How about a Wii or Nintendo NDS? Do you want to buy the latest games for your consoles? Do you want to buy cheap console games but quality ones? If your answer is yes then you’re in the right place. This article will talk about how you can find games for your consoles at a cheap price.

There are many ways on how you can find a cheap console game. One is to ask your friends if they have the game you are looking for and willing to sell it. The price can be lowered to half since the game has already been played or used by your friends.

Another way on how to find console games at a cheap price is to post on certain ad networks online. You can post the name of the game you want and how much are you willing to pay for it. You can then receive offers and check if the price the owner wants coincides with you budget.

You can also buy from online stores which sells second hand game consoles. They are cheaper than the original price but have already been used or worst abused by the previous owner.

The problem with buying second hand game consoles is that the game can have a problem or has already been damaged since the owner is willing to sell it on a cheap price. The best way for you to avoid regretting the purchase is to test the game first or ask the owner any defects of the game you are buying.

There are also online stores that sell brand new games at a cheap price. Yes, they are selling cheap consoles games but with high quality. The reason for this is that they are directly getting the copies to the manufacturer which cuts down the fees of middlemen.

Just make sure you do a thorough research if the site is legit or not. There are also a dozen of sites which offer very cheap price but in the end will just ran away with your money. It is also advisable to compare prices first before making any purchase since there are some online stores that offer a lesser price than other stores. Some online stores also offer promos or discounts like when you buy 3 console games you will receive a freebie.

5 Reasons Console Gaming Is Dead

It’s fair to say I’m not a big fan of consoles. They’re expensive, require too big of a time commitment to play, are hard to learn, and give me wicked motion sickness.

But I do respect that millions of people out there absolutely love them. Facts are facts right? In 2010 video console sales totaled 52.3 million units, and that’s a lot of units. And that’s just for one year. It’s estimated there are over 160 million consoles out there.

And that’s great business!

But think about this. In 2010 when video game console sales hit 52 million units, game ready cell phones skyrocketed at over 1.27 BILLION units. Analysts expect over 1.8 billion by 2014, or about 8 billion game ready cell phones on the planet by 2016.

That’s massively formidable.

When I do the math it just makes sense: 160 million units versus 8 billion units.

Here are the 5 reasons I think console gaming is dead:

Development costs are prohibitively expensive
Indie game developers find the development costs of dev stations, licensing, certification and more to be a major barrier to entry
Dev kits can cost as much as $50k each
Console games typically cost $1 million or more to make
Gatekeepers are restrictive about what gets out
The Big 3 (Nintendo, Sony, Microsoft) are restrictive about what they’ll allow on their consoles
Rejection or delays can be very expensive
Player time commitment is expensive
Console games are about time commitment
In a tough economy, leisure time is a luxury
Pick up and play is a growing trend
Game consoles and games are pricey
Console units typically cost $300 and up
New games cost $60 with older titles priced between $20 and $50
Mobile gaming is far more accessible
Development costs are low
No need for licensing or certification
Dev kits are typically free
No restrictions on what can be produced and released
Low time commitment from players
Inexpensive to buy games, ranging from free to $2.99
By 2016, everyone on the planet will have a game ready phone
As consumers migrate to new platforms like iOS (iPhone, iPad, iPod touch) and Android (both tablet and phone) and these devices become more and more powerful, the consumer demand for content increases. Console developers clutch their devices tightly and seemingly ignore the coming wave, giving way to these new mobile platforms as the game development format of choice.

Its Now Easy to Backup Console Games Thanks to This Clever Software

Computer and console games are now big business. As the hardware has become more sophisticated, so gamers have come to expect more and more from their video games. If you want any proof just look at how the graphics compare on the latest Xbox 360 or PS3 games compared to say Pacman or Frogger – there’s really no comparison. The latest games all use video, high def surround sound and photo realistic graphics to make the gaming experience more like a major Hollywood blockbuster than a simple game. Unfortunately, all of this is not cheap to produce, and console games now cost hundreds of thousands of dollars to produce. The knock on effect of this is that the major games producers just cannot allow people to make copies of these games and pass them around their friends – they need to sell every copy they can in order to make profits and keep on producing the next line of blockbusters. That’s why, in recent years, copy protection measures on all of the major consoles have become so sophisticated that its virtually impossible to crack them.

However, notice that I did say virtually impossible. That’s because, thanks to some very clever software programming its now easy to backup console games – in fact it takes only 3 steps to make a copy of any game you want.

All you have to do to backup console games is get the original disc and place it into your PC DVD burner. Then get a copy of this game copying software, install and run it and follow the on-screen instructions. It takes a few minutes to transfer the entire content of the original game disc to your PC’s hard drive, software protection and encryption included. When this is done, remove the original game disc, and replace it with blank VD (or CD if its an older console like a PlayStation 1) Then, just click the big green button and wait while the games data is transferred from your hard drive onto the backup disc. After about 20-30 minutes you are done, and you have just successfully backed up your game for safekeeping.

It really cant get any simpler to backup console games thanks to this amazing new software. Make sure you get a copy now and protect the valuable investment that you have made in your console games collection.

History of the Video Console Gaming Systems Through Seven Generations

A video gaming system is an interactive electronic device which is used for playing video games on a personal computer.

The honor of being the first video console game lies with the Magnavox Odyssey which was invented by Ralph H. Baer in 1972. This game met with only moderate success and was soon succeeded in popularity by ‘Pong’ which was an arcade game which was released by Atari. Therefore, these two games along with their close successors like Odyssey 100, Odyssey 200, Smash and Sears which formed the first generation of video console gaming systems in the world. This was followed by the second generation games in 1976 and these were equipped with the Video Entertainment System (VES) which comprised of cartridges along with ROM to store instructions.

The third generation of the video console gaming systems emerged after a long hiatus in 1983 after having witnessed two major crashes. This generation marked the advent of the Japanese company Nintendo into the market in form of NES, Nintendo entertainment system in 1985 as well as its hit game the Super Mario Bros. The fourth generation did not witness the release of any particular game but saw an improvement in the storage capacity as well as technology with regards to the video console games. The fifth generation video console games were the Atari Jaguar, 3DO, the Nintendo 64, PlayStation by Sony as well as the Sega Saturn.

The sixth generation was probably the most revolutionary generation with regards to the video console gaming industry as it was during this generation that the DVDs were used for storage for the first time in the game media. It was also during this generation that three of the most popular video console games were released namely PS2 by Sony, Xbox by Microsoft and GameCube by Nintendo. These video console games were further advanced in the current generation namely the seventh generation but have still retained their popularity as the most sought-after gaming consoles in the world. The prominent gaming consoles in the seventh, which also happens to be the latest, generation are the PS3 by Sony, the Xbox 360 by Microsoft and the Wii by Nintendo.

The Popularity and Risks of Online Gambling

People have gambled from ancient times, like China and Rome, to the current day. You see gambling everywhere you go. People seem to enjoy their chance at lotto, sweepstakes, horse racing, poker, to name a few. If you are not in, you can not win. In today’s age of the computer, gambling has taken an added direction of being online. The method of online gambling is very popular but it can have some risks.

Here are two reasons on the Popularity of Online Gambling.

1. You can gamble from the comfort of your own home. All you need is a computer, an active internet connection and a credit card. You do not need to go out to a casino or the horse races, which is great if it is freezing outside. For casino type gambling all you have to do is open an account and try your luck.

2. Online gambling provides the same thrill and excitement as you get with traditional gambling. And it can provide every type of gambling there is.

For example:

a. betting on the National Basketball Association (NBA ) or Major League Baseball (MLB) or National Football League (NFL ) finals if you like sports. In fact for sports betting you should find a lot of professional tips to help you make a decision on which team to bet on.

b. horse racing

c. online casino websites where you can get a buzz from playing blackjack, roulette, poker or slot machines, if you are keen on casino type gambling. If you like poker, there are some online casinos that let you play poker against other online players. The good thing about this is that you can practise with virtual or fake money to get a feel of the card game first. That is the “try before you buy” thought.

Here are two Risks of Online Gambling

1. Losing a great amount of money: Online gambling is gambling and if you are not sensible then you could potentially lose lots of money. A good idea would be to set a limit of money you are prepared to lose.

2. Becoming Addicted: When you win, it feels great and the urge to bet more money is tempting. Therefore you need to pace yourself so you do not go deep into debt.

So when you are home on that wet Friday night and have the urge to gamble, online be sensible. Give yourself a limit of money you are prepared to lose and enjoy the adrenaline of your heart pumping faster as you watch that horse race, sports team or have that flutter at the roulette wheel. Just imagine you win… or your loss.

What Countries Allow Online Gambling

The world of internet gambling is strictly regulated and it is important to first be aware of what countries allow online gambling before you start. Online casinos have experienced a steady growth in popularity over the past few years, with more and more people registering with sites in order to enjoy their favorite casino games.

You will find a few countries around the world where this practice is legal and many of them house servers that are accessible to people residing in countries where it is not. This means that if you live in a country where gambling online is banned, you might still be able to play by dialing into a server that is hosted outside of your country.

The United States of America

It is true that more and more countries are realizing the benefits of legalizing internet gambling and are actively taking steps toward this. However, the law governing the prohibition of internet gambling in America is somewhat unclear. The estimate is that approximately 70 percent of US citizens make up the internet gambling population and suffer little consequences because of it. It may be that the situation is difficult to monitor and regulate because gambling online happens in the privacy of your home and not in the public eye.

Online Gambling Around The World

You can do a simple search online to find out what countries allow online gambling. The list below reflects a few of these where online gambling is legal:

Australia
Belgium
Canada
France
Germany
Gibraltar
Hungary
Ireland
Italy
Liechtenstein
Macau
Malta
New Zealand
Panama
Philippines
Poland
Russia
Scandinavia
Singapore
Spain
Switzerland
Countries like Argentina, Mexico and a few Asian countries have all started the process of legalizing online gambling.

Enforcement and Regulation

Although the internet gambling industry is heavily regulated, experts admit that it is difficult to monitor because of its fairly anonymous nature. This poses a problem where online gambling is banned because it is virtually impossible to pinpoint players in the country who sign on from their homes. This begs the argument that why ban online gambling at all if it is so easily accessible and difficult to monitor? Regulation remains easier than prohibition in most cases and the trend seems to show that more and more countries are realizing this.

It is best to properly investigate what countries allow online gambling to ensure that you are on the right side of the law when enjoying your favorite casino games. This will also guarantee that you get to keep whatever winnings you make online.

How Online Gambling is Seen in the World

There are a lot of important reasons to recognize the state of online gambling in the world. Similarly, it can consume you plenty of time and money, for you will have to do an exhaustive inquiry about the topic. Knowing the advantages will differ from reason to reason, because it relies on your main objective. It is capable, for instance, of updating you on the latest about gambling, but your country not included. It is also capable, depending on the country’s pro or con provisions, in updating you where you can run into more gamblers. It is essential for you to know what’s new about the online gambling world, if you are declaring yourself to be a real online gambler.

General View of the Online Gambling World

The UIGEA (Unlawful Internet Gambling Enforcement Act), which is currently perhaps the worst and most glaring issue, will catch your attention when viewing the online gambling world in general. The issue really only pertains directly to the US. On the other hand, this act extends its fangs as well to the international community. Basically, UIGEA makes hard the task of transferring money to gambling sites through certain banking options. It has been valid, even though in a very unclear and ineffective way, as of 2007.

What’s the result? The closing down of online gambling sites since the stock market investments’ drastic reduction, the prohibition of a large number of players (particularly in the US) to play in online gambling sites, and having lesser places to gamble in for players in various countries. The effect of UIGEA, is seemingly, far beyond of certain US players being banned on online gambling. The community has also been affected by it in general and several sites has ended.

Specifying the Online Gambling World

You are most likely wondering what’s going-on in some countries, after a having an idea of what exactly is going on in the online gambling world. To make matters clear, the UIGEA has not stopped US players from gambling online. Truly, persistent activity exists since several US states do not prohibit people from it.

To make up for the strict measures employed by countries like the US are places that even encourage and use it as a shooting point for its prosperity. These places include Barbuda and Antigua, both in Caribbean. Online gambling has been booming on both places, for a long time already. In fact, there are many online casinos that have been licensed in Caribbean. This is because of their breezy transactions and low taxes.

Online gambling is not prohibited in several other countries along with Antigua and Barbuda. The following countries which allow this form of gambling are South Korea, Germany, Australia, and several other countries. Maybe they know its inherent potential to enhance the welfare of their countries.

Future of Online Gambling

A lot of debates about the stability of the industry have been created. The proof, nevertheless, of what is real and true already emphasizes it. In spite of the few obstructions it is now undergoing, online gambling will surely prosper and thrive. Should it come out of these trials, it will be an even stronger and more lucrative industry.