How to Make a Profit From Horse Racing or Gambling

There’s no one secret or key to making money as a gambler or by betting on horse races. Both are very risky even if you are a skillful gambler or great horse racing handicapper. There are, however, some things you can do to tip the scales in your favor. Before we talk about getting ahead, though, let’s set the record straight. Making a living as a gambler or horse player is extremely difficult and stressful for most people. In fact, it’s more work than work.

That won’t dissuade most people from putting a little flutter on a horse now and then or from buying a lottery ticket (the latter is probably the worse bet in gambling). It may keep one or two poor souls from wasting a lot of time trying to do something that is almost impossible, though.

What makes gambling so lucrative and keeps the casinos and bookies in business it called churn. Churn simply means that most gamblers just keep recycling the same money over and over again, except for a little that the race track or casino gets to hold onto. While we gamblers tend to think of our losses in terms of the whole amount we lose, the people who make a living separating you from that money think of it much differently.

To them, they don’t win 100% of your money. They only win a few percentage points, but they do it over and over again, whether you win or lose. At the races the vig, or take out is enormous, around 20% on straight bets and even higher on exotic bets. The best bets in casinos are usually only close to break even for the players. If you sit there and keep giving back a little on each hand, toss of the dice, spin of the wheel, you will eventually lose it all.

So then how do you win? At some time or other during their trip to the casino or race track almost everyone is ahead at some point. Setting a realistic goal, a stop limit, if you will, that you will use to know when to quit, will give you a much better chance of winning. On the other hand, the casinos are depending on you to be like most of their patrons and to just keep playing until you eventually lose.

I know one smart woman who plays the horses and sometimes the dogs. She plays trifectas. When she hits a big one, which she does occasionally, she puts most of the money in the bank and pays bills with it and uses it to buy things she needs or wants for her home and family. She might win $700 and put $650 in the bank and use the other $50 to continue gambling. If she loses it she quits for a while.

Eventually, usually a week or two later, when she’s rested and feels fresh, she’ll come up with another $50 and try her luck again. She has a little notebook and she writes her wins and losses in it and she is ahead, or so she tells me. I never asked how far ahead, but something tells me it is healthy margin. I’ve seen her go a month without hitting a big trifecta, but I’ve also seen her cash some very nice tickets. I know other people who go to casinos and play poker, blackjack, and slots, and do the same thing.

The point is, when you make a big score, put the money in the bank and just churn a little of it. Make it last and eventually you’ll hit something else big. Don’t be a sucker and just keep cycling that money through the gambling machine or you’ll wind up losing it all.

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Social Benefits of Online Gambling

Online gambling has many social benefits due to its efficiency and convenience. The first benefit derived from the online betting is the provision of ample family time. In our current lifestyles; we are marred by over stretched schedules leading to having none, or very little time for our families. Online gambling has solved this; rather than spending time in the physically casinos the player can now stay and play at home. When playing in your house you are near your children and wife. In this way they will not feel neglected; you are next to them if they need you.

Online casinos are cheap and convenient in time and finance. The registration and playing charges are minimal; this eliminates family conflicts stemming from overspending on the family budget. For inflation has affected every part of our lives things are costing a lot including the recreation activities. The online gambling will save you on fuel and impulse playing due to incitement by others who are winning while you are losing. Harmony in the family gives the children healthy and excellent atmosphere to grow.

The online gambling business has reduced crimes in the society hence enhancing security. People are earning from the casino winnings thus need not indulge in crime. The new businesses started using the gambling rewards increase the earning opportunities to the owners and creates more employment. People with steady income have no time to engage in criminal acts. The payments options availed are secure in that people need not carry hard cash with them; this has reduced the crime rate.

These online gambling activities have also engaged the people’s time; ‘idle mind are dangerous minds’. When people are busy they will least think of taking part in crime like drug trafficking and drug use, robberies and other crimes.

The rewards offered, the taxes, and the investments done using the online gambling winnings have affected the living standards of the citizens positively. The money has been used to fund community projects as building schools, offering sponsorships and scholarships, building hospitals, rehabilitating the sick, creating more housing facilities, building roads and other infrastructure, improving sports and paying salaries to different people. In the process of accomplishing these projects many people are employed and businesses boom due to consumption of materials needed

Once the living standards of a community are raised you will see good co-existence between the people thus stimulating more development cooperation. The online gambling prizes and the donations from the casinos have frequently been used to care for the environment; trees are planted, water sources, fauna and flora being conserved, garbage removed and other environmental activities.

Lastly, the online gambling ventures have reduced congestion in urban area. Congestion of people contribute to less efficiency, disease transmission and also crime; rather than people running to casinos after work to play they head straight home where they play the online casino games on their computers. This eases the strain on the local governments in provision of the crucial amenities as water, lightning and security in the town centers.

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Online Blackjack Gambling – Winning Has Never Been So Easy!

The game of blackjack is an exciting online blackjack gambling game that is played by millions of people all over the world in live casinos as well as online. The game is played against a dealer and your main goal is to beat the dealer’s hand without going over 21. Black jack is almost always played for real money but playing black jack game for free has benefits as well. Playing online blackjack for free will allow you to practice new blackjack tips and improve your blackjack betting strategies. One of the best ways to improve your strategy is to study blackjack odds. Odds in blackjack are your chances of winning in any situation based on your choice to hit or stay. There is a black jack strategy chart that will give you the best winning chance in any situation. You can get them for free almost everywhere you turn. There is no better online blackjack chart or in person blackjack chart than the one I am currently using. It took me years to develop, but it is by far the best FREE CHART out there!

When you play online blackjack for free you have the opportunity to learn how to play blackjack and learn all basic blackjack strategies for free before you take them to a real live table for real money. If you master the blackjack basic strategy card, you can take it to the next level and earn a killing online and in real live when you finally start playing for real money. Blackjack rules are very simple. The dealer will give you two cards and than deal themselves two cards. One of your cards will be face up and the other will be face down. Using your black jack strategy sheet and taking the dealer’s card that is showing into consideration, it is time to decide if you hit, stand, double down, etc…Your hand values are as follows: Any face card is worth 10 points, and any ace is worth 1 or 11 based on your choice. Please note that the dealer MUST stop on 17. This is a great advantage to any black jack player. Most people never realize how valuable this actually is that the dealer MUST stop on 17.

I started playing blackjack online by practicing card counting. I thought a blackjack card counting strategy would be the best strategy out there by far. This went on for a few months; I lost tons and tons of money when I jumped into playing blackjack for real money both online and in person. Trust me from experience, card counting does not work! The only proven system that works is one that I have developed. It has won me thousands and thousands of dollars a week playing black jack both online and in person. It blows the black jack strategy trainer out of the water. It is so simple to use, yet so profitable. Once you see this strategy you will never use anything again! I wish you the best of luck finding your blackjack strategy for consistently beating the house!

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Recover Your Casino Gambling Winnings

As per the US-Canada Tax Treaty, Canadians and International patrons* can offset their gambling losses against their winnings. Jackpot winners who have had their gambling winnings taxed can benefit from this treaty.

A win in the US casinos can be exhilarating but soon that excitement will fade when you realize that a 30% withholding tax that has been deducted from your gambling winning. However, there are several casino games and lotteries on which you can obtain a gambling tax refunds.

As outlined by the IRS, these are:

• Bingo
• Keno
• Slot machines
• Blackjack
• Poker
• State Lotteries

To obtain a casino tax rebate you need to keep in mind that the refund process normally takes 12-16 weeks. An ITIN application will be filled out and submitted on your behalf to the IRS. This ITIN number will become your permanent number which you can use as often as you need to file for a gambling refund. Finally a 1040NR will be filed on your behalf.

A 1040NR is a tax return, non-us resident must file to obtain a casino tax refund. Keep in mind these simple rules.

• If you are a winner for the taxable game that has been considered as an eligible gaming activity in the last three years.
• If you are a holder of the IRS Form 1042-S and the casino has offered that.
• If you are offset winnings with losses within the same tax year.

*Apart from Canadians, In addition to Canada the following other listed countries qualify: Austria, Czech Republic, Denmark, Finland, France, Germany, Hungary, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, Netherlands, Russian Federation, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Tunisia, Turkey, Ukraine, and the United Kingdom. These listed countries do not have to establish gambling losses in order to claim a full refund

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6 Winning Strategies in Online Casinos

The Internet has offered a number of reliable options that an individual can turn to. Today, people are no longer required to get to the crowded land based casinos to play their favorite gambling games. All that one need is a computer connected to the Internet and an account with reputable online casinos. There are many benefits that one gets with this option over the land based casinos. Nonetheless, to reap the most from the online play, one has to be well versed with a few winning strategies.

Get Educated
To make money in gambling, a player has to win the given game. This is what calls for the need to learn as much as possible about the game. It is not easy for a player to win a game that is not known to him. To be able to increase the chances of winning, one has to learn the rules of the game. This will help device plans on how to manipulate the requirements to personal benefit. Learning more about a game is the key to succeeding in online play.

Compare Casinos
The amount of money earned in online casinos is determined by the bonuses and games offered. Some people end up performing poorly as a result of confining themselves to a single casino. This is highly advised against. With the competition among casinos increasing with each passing day, there are many casinos that offer better deals for their clients. This is done to lure more guests. Through comparison, a player can get the most favorable deals in the market.

Select a Game
The number of games available today is huge. Some of them are an advancement of the classic games. To reap the most from online gambling, a player has to select the game that he is good at. Choosing a complex game will definitely lead to poor performance since one does not understand the rules well. Additionally, the selected games have to be perfected on. This is done through practice.

Set Playing Schedule
Casino games are addictive. Some people find themselves glued behind their computer screens for hours. This is not a great thing since it locks one from doing other things. To avoid such problems, it is highly recommended that one sets a playing schedule. This is a timetable stipulating the time and duration that one should be playing in casinos. This will help avoid the neglect problem.

Don’t Be Greedy
This is a problem among many gambles. After winning a game, some people end up investing more money careless. It is important to understand that gambling is all about chances and one might end up losing more than he can afford. To avoid such problems, the players should have a budget to monitor their spending.

Read the Terms
Finally, to reap the most from online casinos, one has to be well versed with the terms and conditions. This will help avoid bending the rules in any way. Additionally, with the terms and conditions at the finger tips, the player is able to know his rights.

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