Horse Racing: The Secret Of Thinking Big Money And Not Thinking Small Money

The secret of thinking big money and not thinking little money is a frame of mind the player need to have if he or she is to make big money. The mass majority of players that consider Return On Investment (ROI) in racing usually consider making a few hundred dollars in profit over a few wagers spent. Or an ROI of a few cents or nickles on the dollars. There’s another way which is as simple and straight forward but much more powerful. This is the case where you intend to play racing as a job or career and play 1,000’s of races over several or more years and not as a pass time.

An example: in the course of 10 years exact at any major track in the USA when the money is summed for all wager types for such a time period it adds into more than several millions of dollars. If you sum the total for 4-5 major tracks it reaches over $30,000,000 for that same period. $30,000,000: THAT’S REAL NAVY, SON! If you’re thinking about getting 5%-70% of that then you’re thinking big money, big business and not gambling. Why? Because you’ll never see the day when gambling will net you that type of money. You need design and not luck.

Thinking small money will not do so either. And you can put your money down on that and win. The secret of thinking big money and not thinking small money in racing is to think big money in the right way. To repeat: the right way. Of course you can play the pick 6 and get lucky but you can’t repeat it at will. It was just an accident. The money is just as real of course. There’s a way to know statistically and of seeing the game a certain way. There’s a way to create a flexible firm plan.

An example of Return On Investment or ROI. In one year exact you put $500 in A and $600 in B investments. You get back $75 on A and $90 on B in profits. Turn each into a fraction and turn each into a percent. Such as: $75/$500 = 15% and $90/$600 = 15% respectively. Another example: in one year exact you put $1,000 each into investments A and B. You get back $75 and $90 respectively in profit. Turn A and B into fractions and turn each into a percent. Such as: $75/$1,000 = 7.5% and $90/$1,000 = 9% respectively. This is called rate of return.

To obtain a large percent of that money and the way to do that is to know and practice handicapping and profitcapping very well. Handicapping is predicting the order of finish positions of races well. Profitcapping is predicting the profit to be made from the in money positions from wager types and the payouts over months and years while dealing with each race on an individual and personal one on one basis. Don’t seek to make a few hundred dollars but 100’s of 1,000’s of dollars or a few millions of dollars. For this you need a business, a statistical and a thinking big money view-point. This is partially the secret of thinking big money and not thinking small money.

Beginners Guide to Australian Greyhound Racing

Greyhound racing is popular not only in Australia but also in other countries such as the United States, Great Britain, Ireland and New Zealand. These are actually the five main large-scale greyhound-racing countries in the world. Some of the small-scale greyhound racers on the other hand are Argentina, Brazil, Mexico and a whole lot more.

In this sport, the greyhounds race by chasing an artificial hare or rabbit, also known as the lure, around a track until they reach the finish line. Whichever crosses the finish line first is of course the winner of the race. This type of racing has extensively become part of the gambling business, which is why the sport has such a stronghold in the aforementioned countries despite expressed concerns of people regarding the health and well being of the dogs.

The history of this racing can be traced back in the 1870s when an experimental greyhound racing was conducted on a straight track at Hendon, beside the Welsh Harp reservoir. The sport didn’t develop though until year 1912 when Owen Patrick Smith introduced the use of oval tracks for the race and an artificial hare as a lure to campaign for a halt in the killing of jackrabbits. Greyhound race betting then started in the 1920s when the certificates system was developed.

In Australia, the Australian Greyhound Racing Association or AGRA is the governing body that regulates greyhound welfare and living conditions. The said association is further divided into various state governing bodies to help facilitate greyhound welfare regulation. One of their responsibilities is to check the greyhounds for parasites, malnourishment or any medical condition, or basically just an overall examination that will assure that the dogs are healthy and in good condition before they actually compete.

The sport is extremely popular to male working-class audiences, especially when it comes to the art of betting. If you are new to the world of betting for this sport, you should first do your homework of researching for reliable greyhound racing tips before you finally place your bet. Greyhound racing tips actually emphasize that race betting is not really a game of chance but a game of analysis and careful scrutiny.

One of the top greyhound racing tips you’d most likely find helpful is to study the dogs. This is important when placing a bet. You don’t just place your bet on any dog without considering its qualities and racing capabilities. Although you can’t know all the dogs too well right away, it would help if you try to find out first the greyhound’s age and track record. In the event that you do win, it is a sound decision to not immediately replay your winnings. Although winning a bet gives you that incredible feeling and assumption that luck is on your side, getting too carried away might just reverse the table. Keeping your winnings with you after a bet instead of betting again immediately will decrease the chances of eventually losing all your winnings.

Identifying Risks to Software Projects

Threats to software development projects are often minimized or overlooked altogether because they are not as tangible as risks to projects in other industries. The risks are there though and just as capable of derailing the software development project as a project in any other industry.

Most project managers in the information field have had the experience of planning a software development project down to the last detail, planning the effort for each of the tasks in the plan down to the last hour and then having some unforeseen issue come along that derails the project and makes it impossible to deliver on time, or with the feature set originally envisioned.

Successful project managers in any industry must also be skillful risk managers. Indeed, the insurance industry has formalized the position of risk manager. To successfully manage the risks to your software development project, you first must identify those risks. This article was written to provide you with some tips and techniques to help you do that. There are a few terms that are not directly applicable to the activity of identifying risks that are helpful to understand before studying risk identification. These are some of those definitions:

  • Risk event – This is the event that will affect the project if it should happen.
  • Threat – A risk event that will have a negative impact on the scope, quality, schedule, or budget of the project should it happen.
  • Opportunity – Not all risks are threats, some are opportunities which will have a positive impact on scope, quality, schedule, or budget should they happen. Threats should be avoided, or their impacts diminished and opportunities encouraged, or their impacts enhanced.
  • Probability – The likelihood that a risk event will happen. This is what people in the gambling business call odds.
  • Impact – Usually refers to a comparative cardinal or ordinal rank assigned to a risk event. It may also refer to an absolute monetary value, period of time, feature set, or quality level.
  • Risk Tolerance – This refers to your organization’s approach to taking risks. Is it conservative? Does your organization welcome calculated risks?
  • Risk Threshold – Your organization’s risk tolerance will usually be expressed as a cardinal or ordinal comparator using the risk events probability and impact to produce the comparator. Risks whose Probability/Impact score exceed this threshold will be avoided or mitigated. Risks whose score is below the threshold are acceptable.
  • Risk Contingency – This is a sum allotted to the project for the purpose of managing risks. It should be split into two sums: one for managing identified risks and one for managing unidentified risks, or unknown unknowns. The sum can be either a monetary amount or an amount of time.

The project manager of a software development project can look to several sources for help in identifying risks: common risks (risks common to every software development project), risks identified with the performing organization, risks identified with the SDLC methodology chosen for the project, risks specific to a development activity, Subject Matter Experts, risk workshops, and surveys.

Common Risks

There are a number of risks that are common to every software development project regardless of size, complexity, technical components, tools, skill sets, and customers. The following list contains most of these:

  • Missing requirements – Requirements needed by the software system to be developed to meet the business goals and objectives of the project.
  • Misstated requirements – Requirements that have been captured but the original intent has been lost or misconstrued in the process of capturing them.
  • Key or critical resources are lost to the project – These resources are usually single contributors, or team members with skill sets in scarce supply for which there is a strong demand in the performing organization. The potential impact of losing the resource for any period of time will be increased if they are assigned tasks on the critical path.
  • Bad estimation – The estimations for effort required for developing the software are either significantly understated (bad) or overstated (also bad). Underestimation is the most common event. Work tends to be prolonged until it takes up all the time allotted by an overestimation.
  • Missing or incomplete skill sets – The results of this risk event will be the same as the results of bad estimation, but the risk will be mitigated differently. The result of a junior programmer being identified as an intermediate programmer may be a significant increase in the amount of effort required to produce their deliverables, or a complete inability to produce them.

– These risk events should be captured by the project manager at the outset of any risk identification exercise, even though they will probably be identified by someone else on the team. Making them visible to the team in advance of any risk identification exercises will avoid time wasted in calling them out and may stimulate thinking about associated risks (“…..what if Jane were to be called away to a higher priority project, might that also cause Fred to be lost to the project?”).

Organizational Risks

These are risks that are unique to the organization performing the project. They may include some of the risks in the list of common risks, and other sources, but will also include risks that have no other sources.

The project manager should consult the archives of previous software development projects for the common risks, where project records have been archived. Gather the risk registers of all the previous projects (or at least enough to provide you with a representative selection of risk registers) and try to match risks in each register. It is highly unlikely that a risk will be common across all projects where there is a good selection of registers but you should closely examine risks that appear in two or more registers for applicability to your project.

Survey the project managers responsible for past software development projects in your organization where archives are not available. It is possible that these project managers may have archived project artifacts including their risk registers, in their personal space even if the organization does not have a structured approach to archival. Getting the benefit of seasoned project manager’s experience from past projects will also be beneficial for deciphering the risk captured in archived risk registers.

Risks will not be stated in duplicate language across different registers (or across different project managers for that matter). You will need to analyze the risk event statement to determine where two or more risk events are identical, despite different descriptions.

SDLC Specific Risks

Your software development project will be exposed to some risks and shielded from others depending on which SDLC (Software Development Life Cycle) methodology you choose to use for your project. Risk avoidance is a significant consideration when choosing an SDLC for the project and your project should choose the SDLC which avoids or reduces the impact of the risks most probable in your case. To that end the identification of risks and the choice of an SDLC are like the chicken and the egg: it is difficult to determine which comes first. Here’s a tip for sequencing the two. Choose your SDLC based on the type of software system being developed and the organization you are developing it in (How experienced is the organization with the tools and components involved? How experienced are they with each SDLC? What are the project priorities?, etc.). Once you’ve decided on an SDLC you can identify the risks associated with it and if the level of risk associated with it exceeds your organization’s risk tolerance, you can re-visit your choice.

There are risks inherent with each different type or category of SDLC. We will talk about a few of the most common risks for the most popular types or categories of SDLC.

Waterfall

Projects using the Waterfall methodology for development will be most prone to any risk event impacting the schedule and that is because there are no intermediate checkpoints in the method to catch problems early on in the build phase. Delays to any activity from requirements gathering to User Acceptance Testing will delay the final delivery for the project. Risk events which fall into the “delay” category will include: delays due to unfamiliarity with tools or components (e.g. programming languages, test tools), delays due to underestimation of effort, delays due to inexperience, and delays due to requirements contributors missing deadlines.

Delays are not the only risk events a waterfall project is susceptible to. Waterfall projects are not well designed to propagate learning across the project so a mistake made in one area of development could be repeated across other areas and would not come to light until the end of the project. These mistakes could mean that development could take longer than necessary or planned, that more re-work is necessary than was initially allowed for, that scope is reduced as a result of discarding bad code, or that product quality suffers.

The Waterfall method tends to be used on larger projects which have a greater duration than other development methodologies making them prone to change. It is the job of the Change Management process to handle all requested changes in an orderly fashion but as the duration of the project increases so too do the chances that the project will be overwhelmed with requests for change and buffers for analysis, etc. will be used up. This will lead to project delays and budget overruns.

Rapid Application Development (RAD)

The intent of Rapid Application Development is to shorten the time required to develop the software application. The primary benefit from this approach is the elimination of change requests – the theory being that if you provide a quick enough turn-around there will be no necessity for changes. This is a double edged sword though. The fact that the method relies on the absence of change requests will severely limit the project’s ability to accommodate them.

The risks that will be the most likely to occur on a project using this methodology will have to do with the software applications fitness for use. The market or business could change during the project and not be able to respond to a resulting change request within the original schedule. Either the schedule will be delayed while the change is made, or the change will not be made resulting in the build of a system that does not meet the client’s needs.

The RAD method requires a relatively small team and a relatively small feature set to support a quick turn-around. One possible result of having a small team is a failure to have a needed skill set on the team. Another will be the lack of redundancy in the skill sets which means that the illness of a team member cannot be absorbed without delaying the schedule or getting outside help.

Scrum

The distinguishing characteristic of this development method is the lack of a project manager. This role is replaced by a team lead. The team lead may be a project manager, but it is unlikely that the performing organization will seek out and engage an experienced project manager to fulfill this role. The method avoids management by a project manager to avoid some of the rigors of project management best practices in an effort to streamline development. The risk introduced by this approach is that there will be a lack of necessary discipline on the team: change management, requirements management, schedule management, quality management, cost management, human resources management, procurement management, and risk management.

The lack of project management discipline could leave the project open to an inability to accommodate change properly resulting in changes being ignored or changes being incorrectly implemented. Lack of experience in human resources management could result in an unresolved conflict, or inappropriate work assignments.

Iterative Methods

The main iterative methods are RUP (Rational Unified Process) and Agile. These methods take an iterative approach to design and development so are lumped together here. This method is intended to accommodate the changes to a project that a dynamic business requires. The cycle of requirements definition, design, build, and test is done iteratively with each cycle spanning a matter of weeks (how long the cycles are will depend on the methodology). Iterative development allows the project team to learn from past mistakes and incorporate changes efficiently.

Iterative methods all rely on dividing the system up into components that can be designed, built, tested, and deployed. One of the advantages of this method is its ability to deliver a working model early on in the project. One risk inherent in this method is the risk that the architecture does not support the separation of the system into components that can be demonstrated on their own. This introduces the risk of not learning from a mistake that won’t be found until the users test the system.

There is a trade off implied in iterative development: develop a core functionality that can be demonstrated first vs. develop the component that will yield the most learning. Choosing core functionality to develop may introduce the risk of failing to learn enough about the system being developed to help future iterations. Choosing the most complex or difficult component may introduce the risk of failing to produce the system the client needs.

Activity Specific Risks

Each activity in a development cycle has its own set of risks, regardless of the methodology chosen. The requirements gathering activity has the following risks: the requirements gathered may be incomplete, the requirements gathered may be misstated, or the requirements gathering exercise may take too much time.

The design portion of the cycle will have the following risks: the design may not interpret the requirements correctly so that the functionality built will not meet the customer’s needs. The design could be done in a way that calls for more complexity in the code than necessary. The design may be written in such a way that it is impossible for a programmer to develop code that will function properly. The design could be written in a way that is ambiguous or difficult to follow, requiring a lot of follow up questions or risking bad implementation. There may be several stages of design from a Commercial Specification all the way to a Detail Design Document. The interpretation of requirements through each stage exposes the stated requirements to misinterpretation.

Programmers may misinterpret the specifications, even when those are perfectly written, risking the development of an application that does not satisfy requirements. The unit, function, and system testing may be slipshod, releasing errors into the QA environment that consume extra time to resolve. Different programmers may interpret the same specification differently when developing modules or functions that must work together. For example, a section of functional specification may deal with both the input of one module and the output of another that are given to two different programmers to develop. The risk is that the discrepancy will not be found until the software is integrated and system tested.

Testing here refers to Quality Assurance testing and User Acceptance testing. While these two activities are different from a tester perspective, they are similar enough to lump together for our purposes. Actual testing effort may exceed the planned effort because of the number of errors found. An excessive number of errors found during testing will cause excessive rework and retesting. Test script writers may interpret the specifications they are working from differently than analysts, programmers, or the clients. User Acceptance Testers come from the business community so are susceptible to the risk of business demands reducing or eliminating their availability.

Subject Matter Experts (SMEs)

Subject Matter Experts are key to the success of the project because of their knowledge. Subject Matter Experts can contribute to all areas of the project but are especially important to requirements gathering, analysis of change requests, business analysis, risk identification, risk analysis, and testing. The key risk for SMEs is that the SMEs key to your project may not be available when they are promised. This will be especially harmful when the SME is responsible for a deliverable on the critical path.

Risk Workshops

Risk workshops are an excellent tool for identifying risks. The workshops have the advantage of gathering a group of Subject Matter Experts in a room so that their knowledge is shared. The result should be the identification of risks that would not have been discovered by polling the SMEs individually and the identification of mitigation strategies that can address multiple risk events.

Advice on how to conduct productive workshops is outside the scope of this article but there are a few tips I’ll give you that may help you get started:

  1. Invite the right SMEs – you need to cover all phases and all activities of the project.
  2. Communicate all the details of the project you are aware of. These include deliverables, milestones, priorities, etc.
  3. Get the project sponsor’s active backing. This should include attendance at the workshop where feasible.
  4. Invite at least one SME for each area or phase.
  5. Split the group into sub-groups by area of expertise, or project phase where you have large numbers of SMEs.
  6. Make certain the different groups or SMEs communicate their risks to each other to encourage new ways of looking at their areas.

The risk workshop does not end with the identification of risks. They must be analyzed, collated, assessed for probability and impact, and mitigation or avoidance strategies devised for them.

Surveys

Surveys or polls are an acceptable alternative to risk workshops where your Subject Matter Experts are not collocated. The lack of synergy that you get with a workshop must be made up by you, however. You’ll need to communicate all the information that could be helpful to the Subject Matter Experts you identify at the outset of the exercise. Once that is done, you can send out forms for the SMEs to complete which will capture the risk events, the source of the risk, the way the risk event might impact the project objectives, etc.

Collate the risks after you receive them, and look for risk events which are either different approaches to describing the same risk, which allow you to combine the two risk events into one, or can be addressed by the same mitigation strategy.

Lack of participation is another disadvantage of the survey or poll method. You may be able to get by with a single SME in one project phase or area of expertise but will have to follow up on reluctant contributors. Don’t hesitate to ask for your project sponsor’s help in getting the level of participation you need. You may even get them to send the invitation and survey forms out initially.

Team Meetings

So far all the sources of identified risks we have discussed have been associated with the planning phase of the project. Executing properly during the planning phase will allow you to gather a comprehensive list of risks, but they will tend to more accurately reflect risks to the earlier project phases than to later phases. Once you’ve created your initial risk register you must keep that document current as you learn more about the project by doing the work and risks become obsolete because the work exposed to the risk has been completed.

Team meetings are the ideal place to update your risk register. The issues that will be brought forward as the team discusses its progress towards completing its deliverables are often related to the risks of meeting the deadlines for the deliverable. You may want to set apart a segment of your meeting for reviewing the impact and probability scores of existing risks to determine the impact the passage of one week has had on them. You should also monitor the team for any new risks they can identify. Risks that went unnoticed when the work was first planned may become visible as the start date for the work gets closer, or more is learned about the work. The project may identify new work as the planned work is done which was not contemplated when risks were initially identified.

You may want to conduct separate risk strategy meetings with your SMEs in cases where the team is insufficiently acquainted with project risks to make them active contributors to an up to date risk register. You should use this approach in addition to your team meetings when your software development project is large enough to require sub-projects. Review each active risk in the register and analyze it for the impact the passage of time has had on it. Typically as work approaches the likelihood of the risk event and/or the impact will increase. As more of the work is done, the likelihood and impact will tend to decrease.

You should monitor the project plan for work that has been completed. Risks to the work just completed will be obsolete and should no longer form part of the discussion of risk probability and impact.

Casino Link Building – Tools For Online Casino Advertising

To be able to reach to the highest possible number of viewers and to make them better acquainted with the opportunities and propositions of the online casino, is a personal goal of almost all the proprietors of online casino houses. The goal is a rejoinder of the significance of valuable marketing and propagandizing schemes. The crucial role they have in the popularization of an online casino cannot be refuted. A wise way to handle the marketing and promotion of the online casino is by availing the casino SEO services, which in their turn will come up with scores of useful tools and options to expand your horizons about the intricacies of advertising, promotion and marketing.

Casino Link building is a means to create a network of promotional contents and links in the internet that will direct people to the intentioned website. It is done through various methods such as purchase of links on other websites, promotion through articles and net contents, blogging, posting and commenting about the website, so on and so forth. Obtaining casino links on payment perhaps will be the first to grab your attention among the many. The format of the scheme is such that it allows you to reserve links for your own online casino, in other websites. One has to follow a small set of steps in order to purchase the link on the particular website, which will be displaying the casino link. The websites chosen for the purpose are quintessentially those, which are associated with online gaming, gambling, online casinos, and virtual games.

This promises a good audience from people who are more likely to be interested in your website attending to the wishes of online gambling and casinos. It is an inclusive strategy that clearly concerns with those who crave for virtual gambling, thus, highly profitable in the long run for your online business.

Publishing of website related content on other popular gambling and gaming destinations in the internet also vouchsafe good response, however, they might be difficult to cope up with. The articles written for the promotion of the online casino, and the posting, blogging and commenting should not only be adept in arousing interest among the viewer, but at the same time should be brief, steady, and relevant for the purpose.

Apart from this, the general qualifications such as sound language and clear sense also matter. Besides, the search engines should be able to direct to the content matter easily when someone applies for it. All proficient casino SEO service providers will be ready to render their facilities in this matter, however,at a certain charge for the content materials. These are nonetheless, relatively small investments when compared to the necessary boost with which it will supplicate an advantageous position to your business. A spread of good name and sound marketing can have huge positive impacts. Whereas, the tough rat race that is the feature of today’s business practices especially the ones pertaining to online businesses makes it imperative, and calls for immediate attention and deployment.

Casino’s Popping Up Leads To Negative Impact on Economy

Casinos and other forms of gambling are popping up in almost every state. Every other day you hear of a new Indian Tribe that is looking for recognition. Once they receive their recognition, investors look to back these people up and in turn a new Casino is born. People all over the United States are using their paychecks for a chance to win big. In turn all of the local businesses are suffering to the point where they are now starting to file bankruptcy. Eventually, someone in political power will finally admit that the amount of money taken in from taxes on gambling is significantly less than the hardship created with the economy. Most states take in millions of dollars from their casinos, scratch tickets and lotto, but they don’t want to deal with the negative impact on the local businesses. Everyone knows there is a problem, but no one wants to face it.

People have no problem in spending hundreds and thousands of dollars at the Casino’s but will quickly get upset when gas rises ten cents per gallon or their child needs more school supplies. One mother told me she was very upset that the school system did not completely cover a field trip and that it would cost her $15.00 for each of her two children. She called the school and complained. This same person had no problem the night before losing $1,300.00 at the local casino. There’s no logic to this situation. In another situation, a person would steal sweet and low, butter and rolls from her local diner. She had money in her wallet but that was reserved for gambling. In both of these situations family members knew they had a gambling problem only after they noticed their quality of life was changing.

Everyone now knows someone who has a gambling problem. They don’t understand how this has happed to a loved one, but they know something has to change. The same situation occurs when you find out your brother is an alcoholic. You can’t close down every bar and you can’t bring back prohibition. You have to face it head on and look for alternatives to help your brother.

People now are beginning to speak out as the epidemic continues. A lot of people don’t even realize they have this addiction until their resources run out. Gamblers tell their friends I won $2000.00 at the Casino on Saturday, but they neglect to tell them they lost $5000.00 and the week before. Bad information is being spread in turn the recipients of this information head to the casino in an attempt to win big. If everyone won Casino’s would be out of business.

I have seen thousands of gambler’s lives destroyed because they do not know how to quit. Through education we can succeed at finding alternatives to help these people.

You may find the following websites helpful:

I Stopped Gambling So Can You

http://www.istoppedgambling.com/

Stop Gambling Books

[http://www.stopgamblinginformation.com/][http://www.stop-gambling-books.com/]

Compulsive Gambling Addiction

[http://www.compulsive-gambling-addiction.org/][http://www.compulsive-gambling-addiction.org/]

Online Bingo Blogs – Importance of Blogging in Bingo Game Business

As the popularity of Online Bingo Games increases, different people from varied diversities are coming forward to play bingo online. Due to the huge popularity it is getting, the number of sites that provide bingo is also increased, resulting in huge competition among the service providers. So the providers are choosing different ways to promote their sites in which the blogs play a major role in driving people to their bingo networking sites at the same time building back-links to their websites.

The main motto of blogging is to share the valuable information to users and guide them in a right way. This became an advantage to the service providers by building the blogs and thus giving a back link to their sites. The user will have the option to choose from different bingo sites by providing reviews on popular bingo sites. So the users can read the review and if they like it, they can visit the website to play bingo online.

So blogs play a vital role in the success of bingo game business. These bingo online blogs contain all the information related to bingo like history, game options, promotions, reviews, bonuses, jackpots, how to play, rules & regulations etc. The users/players will get a clear idea reading these blogs, which helps them in playing bingo effectively. These blogs also offer special coupons to play which make their users re-visit them.

These service providers are hiring Professional content writers to write effective content in their blogs. Now a days, some bingo blogs have come up with the concept of “live support” where users can get the help from experts.

Sports Betting Sucks – Why Do I Keep Losing?

If you find yourself saying that sports betting sucks, then you really need to learn sports betting secret #3.

Sports Betting Secret #3: Keep Your Emotions In Check

Like I said above, this is something that is much easier said than done. This is the part that kills most sports bettors. Sports betting, in theory, should be 100% logical. You set up some rules and you follow them 100% of the time. However, it can be very difficult to not get upset if you are losing; especially if you are betting a lot of money.

But if you understand the law of averages, you will know that losing streaks sometimes happen just like winning streaks happen. Losing money can be a very emotional thing for people. As much as I advise people not to, they often bet money that they cannot afford to lose. NEVER DO THAT. Then they start making panic bets hoping to get lucky, and that almost never works out.

You have to set up your betting system so that you will not let your emotions get the best of you. This includes proper money management so that you are not betting with money that you cannot afford to lose. This also includes sticking to the system and commit to only taking the bets that the system tells you to take. That way you will be able to set your emotions about the games aside. You want to run your sports betting as if it was a business, not entertainment.

I have found that merely starting to view my sports betting objectively as a business, has helped me completely detach my emotions from the betting. And right at the time that I was able to realize this, I really started having a lot more success as a sports bettor. I firmly believe that mastering your emotions so that you can effectively handle the ups and downs really separates the sports bettors that make big bucks and those that do not.

Article Marketing, Online Submission Sites and Gambling, Bingo and Casino Categories

Should online article submission websites have gambling categories? Well some advertisers do not like them much or care to be associated with them. Why you ask? Well for many reasons really one reason is that many of the Online Gambling Websites are illegal and operating outside the law. Some have set up servers in foreign lands and allow illegal gambling on the Internet to people in states who have outlawed gambling for the citizens of that state.

But that aside should online article submission sites have Casino, Gambling and Bingo Categories? If they broke up the sector they could indeed separate out the various elements of the Industry Sector. You know it seems to me that Bingo Night and bingo supplies is not really the type of Gambling that any Advertiser would care about anyway.

Could it be its own special category? Bingo although I guess is gambling could just as well go into the Business Category of Fundraising? Since so many non-profits use this a way to make money. I wonder if such Bingo Articles belong along side online gambling sites?

Bingo is certainly not the same as online offshore gambling or Casinos. Of course some Indian Casinos do in fact have Bingo because maybe their states do not allow full on gambling. Interesting the sub-category issues.

State Lotteries are also gambling and I am sure the Advertiser would not mind about that either. And it is legal gambling and the profits from State Run Lotteries often go towards education too. Apparently this subject has so many various sides too it. Well, knowing the entrepreneurs in the online article submission Internet sector, well I’ll just bet that new sites pop up to handle such gambling categories. Perhaps we should consider this in 2006.

Do You Need to Purchase Registered Agent Service for Your Business?

Registered Agent services aren’t cheap. Many companies charge $100-125 per year to act as your agent. So it’s important for you to know 1. Do you need a Registered Agent and 2. Should you pay for one.

What is a Registered Agent

Every state requires that an LLC organized under its laws have a registered (or resident, in some states) agent at a physical location within the state. The purpose is for the government to be able to deliver official documents to the LLC. The most likely documents are tax forms and notice of lawsuits.

Basically, the Registered Agent is the place and person within the State’s physical jurisdiction on whom service of process can be done. The State wants a physical person and place within their borders whom they can go to with taxes and lawsuits.

If you are forming an LLC in the state where your business operates, you can simply use your business office address. In this case, you are your own Registered Agent. This is the most common arrangement. Even if you operate your business out of your home, you can use you home address for official service.

When do you need to pay for a Registered Agent service?

If you don’t have a physical location in the state where you formed your LLC, then you’ll need to appoint a registered/resident agent within that state to receive official documents.

Example: You live in Missouri, but you formed your LLC in Nevada (there’ll be another post later about why this may or may not be a good idea). Nevada is going to want a registered agent that is located in Nevada to be able to serve with official papers–a.k.a. lawsuits and tax notices (while Nevada has no state income tax, they do have business taxes, for example on gambling). If you don’t have a house or office in Nevada to receive these papers, you’ll need to hire someone who does to accept these papers on your behalf. This person is a registered agent.

Many incorporation companies will, for a fee, act as your registered or resident agent.

Small Business Debt Collection

Debt collection is important for all businesses, but it is much more important for small businesses.  A large business or corporation can better weather the ups and downs of economic cycles, because they have more financing options.  A small business on the other hand may not have as many options and one bad debt can send the company into bankruptcy.

It is extremely important that small businesses have an action plan for debt collection.  Without a written out plan, you are gambling with your business and its ability to stay out of bankruptcy.  Many businesses could have foregone bankruptcy during the financial crisis with a proper plan of action.

How do you decide what is the proper plan of action for collecting your old accounts receivables?  When is the time to start collecting and stop extending the terms?  This can depend on what type of business you have, but a general rule of thumb is the earlier you start, the better your chances of collecting the debt.  Take a look at the chart below to see the chances of collecting versus the age of the debt.

As you can see, the earlier you are to act, the better your chances for collecting the account.  The crucial time for debt collection is at 90 days past due.  The percentages drop by almost 25% and the debt becomes very hard to collect.

You should do all you can as a company to collect the debt before the 90 day mark, but make sure to turn the debt over for collections before the 90 day mark.  This will allow the collection agency to do their research and act on the debt before it gets to the 6 month time period.  It is very difficult to collect a debt if it goes past 6 months.  Most collection agencies will not waste their time with a debt this old.  It is hard for a collection agency to stay in business, because the odds of collecting are so low.

I wish you well in your small business affairs and I hope that you are able to collect all of your bad debts.  If there is one thing that you take from this article, make sure you act sooner than later, your business success might depend on it.