The Casino Wave

When I visited Monte Carlo, Monaco a few weeks ago I ran into an old colleague, we had been in the same card counting team almost twenty years ago, we sat down at Havana Café and we discussed old memories, she had spent all the time since we met the last time at the Blackjack tables in Atlantic City, US, while I had spent my time at the European casinos. After half an hour of old memories we slided in to how the casino world has developed since it went online.

A business, a world going online usually make things easier, but the question is if it really has with the online gambling business. For starters it is not that easy to protect yourself against credit card fraud and rigged games and to kill a myth, when I’m writing this (December 2005) it doesn’t exist any kind of authority to control the online casinos.

But that’s not the most important. What you really should ask yourself is if gambling really is more available than it was fifteen years ago, when the online casino world began to develop. More people then ever are of course gambling, but is that really because of the dotcom industry? What I mean is that gambling has always been available to every one and that regardsless of the fact that there are really few “real” casinos in Europe, there have always been exceptions to the non-gambling laws, everything from the restaurant casinos in Germany to the Jack Vegas slot machines in Sweden, and Monte Carlo is never to far away.

I’m referring to the fact that you can always, and always could gamble, but it’s first when the online gambling business came that people are doing it. Politician all over the world explains this with that the easier it is to gamble, the more people are gambling.

I who have been in this business for twenty years, know that that isn’t the answer. I would say that this actually a proof of how easy manipulated we humans are. The reason I disagree with the politicians is of course because the online gambling business actually never did that well until the beginning of 2003, 13 years after the first casino went online. There for, the reason more people are gambling than ever is not because of the availability, it’s because of the online marketing methods they are using.

And then the press should have it’s piece of the criticism, when it suddenly became cool to make your living out of poker then every kid sat behind the computer for hours, trying to become a pro.

But the ones who cannot be blamed enough is the politicians all over the world with their disgusting moral. If the casinos had not been forbidden world wide there wouldn’t be any online casinos, a censureship of these casinos would of course be restrictions in our democracy, but something has to be done, and since politicians refuse to give people the right to gamble on a real casino without the risk of getting your credit card stolen or without the risk of rigged games, they all refuse to let the casinos in, but if you want to get poor and manipulated, please do as every one else, go with the casino wave.

Casino Gambling and The Tao

It may seem strange to equate casino gambling with Taoist philosophy, but it may be because gambling is so much a part of and widely accepted in Chinese culture.

The very first recorded history of playing cards date back to 9th century China which makes sense being that they were the inventors of writing paper. The first book written with reference to playing cards dates to the Tang Dynasty (618-907) called Yezi Gexi. By the 11th century playing cards could be found throughout Asia featuring many of the 108 heroes of Lan Shun found in the Chinese classic the “Water Margin.”

In the 16th century playing cards had made their way to France and it is there that they began using the suits of picture cards that we are familiar with today based on figures of French nobility.

Taoist philosophy is said to be nearly 6,000 years old and came to prominence with the teachings of The Yellow Emperor, Huang Ti, the first emperor of China. With many of their scientific discoveries such as mathematics and astronomy, there was also a deep connection to astrology, symbology (a science of symbols and their effects), numerology and many forms of mysticism.

In the 7th Pillar of Taoism, “The Tao of Mastery,” The symbol for water is K’AN and states, “to be successful and fortunate, risk must be taken.” Luck to the ancient Taoists was a form of control and timing.

Clearly in all gambling, timing is an important factor. Regardless of the type of gambling, all of it’s forms tend to run in cycles, both winning and losing ones. It is the skill which one navigates through these cycles that the player conveys their level of control over the outcome.

The first serious studies of gambling in the 20th century were done by economists who expressed their confusion that gambling is a losing proposition and in effect, irrational behavior. In 1945 William Vickery, a noted economist, concluded that gambling should be measured not in expected gains but by the money a gambler doesn’t have that appears to be more valuable to them than what he does have.

The typical view is that gambling is self-destructive, undermines the work ethic and removes money that could be put to better uses in the economy. The notion that most people tend to gamble beyond their means remains unproven and was disputed in research conducted in 1966 in the “Economics of Gambling” published in London, England. In this study it was found to be an affective outlet for frustration, a relief from loneliness and a leveler of inequality among the economic classes.

Many psychologists view gambling as a normal form of recreation and destructive only to the addicted. They stated that the solution lies in treating the gambler, not in the condemnation of gambling as a whole.

The casino patron is courted with opulent surroundings, swimming pools, shops, shows, night life and “comped” amenities. The attraction is undeniable as an escape from tedious and purposeless occupations. Being confronted with the myth of success, when faced with insurmountable economic and social obstacles, makes the whole casino experience much easier to understand.

My own opinion is that people who gamble solely for the thrills and excitement, with no care of the economic results, would do better to find a more fulfilling and less expensive hobby. Gambling is an isolated activity. It will not take the place of a meaningful relationship nor will it counteract feelings of alienation or loneliness. These are not reasons to gamble.

Using any type of gambling to fill a void in ones personal life, something which it cannot do, is the type of gambling that can lead to devastating consequences.

If you’ve ever been in a casino, there is one thing you’ve probably noticed more than anything else… that one thing is seeing people lose money. This happens because the amateur gambler enters into this competition without a basic knowledge of the odds of the games, a playing strategy or even a thought to proper money management. It’s a careless way to handle ones money and does little to change the inevitable outcome.

Casinos love this type of gambler and spend a fortune attracting their business. With the odds squarely in their favor, the casino operators know that even though there are highly effective methods of playing that can shift those odds to the player, very few of them will invest the time or effort to use them.

Common sense tells us that if everyone that gambles in casinos lost, they would cease to exist. In order to attract losers you must have winners and it is just as easy to win at many casino games as it is to lose.

I do not write for the weekend gamblers who are looking desperately to have a good time at any cost. Winning is not even in their vocabulary. They consider the possibility of winning to be remote as if being left completely to chance.

It is the individual who is determined to win at any cost that I feel are most like myself. It is to these individuals that I offer the following. There does exist many ways to achieve your goal. Resolve that you will learn everything you have to in order to win consistently when risking your hard earned money gambling in casinos. To me, nothing else makes sense.

In the words of the ancient Taoist, Lao Tse

“Fortune favors the prepared.”

Are You Fascinated By Online Poker Casino Gambling? Know More!

It is late and no one else is awake. What you really want is a rousing game of poker. Happily, there are a number of chances to play poker at your online casino. Just sit down and log in to your favorite site, or possibly check out that new online casino poker gambling site that just started.

Online casino poker gambling is no longer available in the U.S. due to a ban passed by the government in 2006, called the Unlawful Internet Enforcement Gaming Act (UIGEA). A few of the casinos in other parts of the world declined to accept players from the U. S. for a bit, until they could be assured that money would still be securely obtained. That is changing now that money can securely change hands.

There are several payment options available for online gamblers; credit cards, Neteller, Firepay, Paypal and wire transfers.

Online casino poker gambling is very popular. One site, Bodog, advertises that they will soon deal their one billionth poker hand. That is very exciting. To increase the excitement, Bodog is offering more and more incentives and prizes from the 980,000,000 hand on. This illustrates how some of the older sites are so successful for so long. Some of the online casino pokers’ gambling rooms have famous players’ fresh from the latest televised tournament, as hosts. There are many versions of poker tournaments, with the best being offered by the more experienced older casinos.

Some of the benefits of newly opened online poker casinos are; awesome sign up deals, superior software designed for the game, and a more entertaining site. For instance, the player can select an icon that uniquely represents themselves at the playing table. The better sites will have excellent customer support and are licensed in the area where they originate. They will also ensure the players privacy and refuse to sell information to third parties.

All online casinos are aware that if they do not operate fairly, they could be blacklisted. There are several opportunities for players to provide reviews of the online casino they frequent.

Some words of caution are appropriate here. As with any game, educating yourself about the rules, strategies and how much money you are willing to lose are of paramount importance. Remember, Poker is a game of skill. The elements of chance that are sure to surprise the player are what provide the excitement of the game. There a number of books and online sites that will provide the education needed to be a successful poker player. Not only will you learn what to bid and what to fold, you can even learn how to cheat. Casinos are on the look out for cheaters and will banish them at the outset. It is poor business to tolerate cheating. By studying how to cheat, you can learn to recognize when it is happening at your table and beat a hasty retreat. It is also imperative to report cheating if you suspect that it is happening.

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.