Luck And Gambling – Not Always A Matter Of Luck

Gambling has been quite dominating as an industry for quite a while now. Many people are taking it as a form of business rather than a form of entertainment.

There have been about four hundred and forty five casinos in the United States and the number has still been growing. No wonder you find many people taking to gambling as a business as it gives more opportunity to make money. Many business minded people take to it as it is the trend now.

Like any other sort of business, gambling also needs careful management and also needs to make use of methods which are strategic to increase the potential of earning money.

Skill or Luck?

Most people think that if you are operating a business you will need a lot of luck and also be skillful in business.

The same thing applies to gambling as a business also. Gambling relies on luck, but the people in this business should make sure they are not relying on it totally. Determination and skill are what is important and not luck in this sort of a business.

In business also you may not always make profits. There are chances of losing money. but however, you need to make sure you are managing it well and also taking the right measures to be successful.

Things to be considered

A gambling business also involves a huge amount of money. if there is no money you can not continue to run a gambling business.

Running a gambling business is in no way a scheme to get rich as fast as possible. Therefore, you need to make sure that things are going rightfully with the law.

Good planning is a key to success in this business. With no good planning you can not be sure to succeed. Planning also gets the business on the right track. It also helps the owner in making decisions the right way.

Dogged determination is what is required. Surveys have been showing that about 65% of the businesses are not being able to succeed mainly due to a few trials.

Good accounting skills are also needed if you want to go on with a gambling game. This is because gambling does involve huge amounts of money and hence you need to make sure you have good accounting systems.

The conclusion is that running a gambling business is not as simple as any other sort of business. It needs good combination of a lot of things. Most importantly luck is not the main criteria.

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The IRS and Gambling Winnings – Don’t Let Your Big Prize Turn Into an Even Bigger Tax Debt

Jackpot! If you’ve got a gambling spirit, chances are you’ve probably invested a good amount of time into casinos. But if you win big in Vegas, don’t let the thrill of victory cloud your head. If you’ve won money from gambling and you didn’t report your winnings to the IRS, you could be in for a disturbing wake up call.

Beating the House: Whenever you win money through gambling, you must report it to the IRS. The IRS wants to know everything about your finances. Not only do you have to report money won through a casino, but also raffles, lottery, and even bingo. The reason these winnings have to be reported is because the IRS considers them a form of income.

Snake Eyes! What happens if you owe the IRS money because you didn’t report the winnings, or if you can’t afford to pay them what you owe? Well, as an IRS Hitman I can tell you it’s not going to be pretty. Soon, you may even be regretting your winnings. It will be you against the IRS and unless you have a good arsenal, they’ll take you for everything you’ve got!

Stealing the Pot…The IRS has several ways of collecting on your tax debt and the most effective by far is the wage garnishment. This means the IRS can start taking money from your paycheck. And guess what? Neither you, nor your employer can do anything about it. The IRS can actually garnish up to 75% of your gross pay and that can put in a large financial hardship.

Play it Safe: If you’re already in this unfortunate situation, there are still ways of getting help. You can speak with a reliable tax professional who will give you the facts on how to resolve your tax debt once for all. The House may be a scary thing when it comes to the gambling industry, but the IRS’ House is even bigger. So remember, the next time you’re in Vegas, don’t go all in.

Now you have the smoking gun…Use it!

Richard Close was an IRS-Hitman. He worked as a revenue officer for the IRS and his father was the head of the collections branch for 30 years; so it runs in the family. He left that behind and now he’s partnered with Tax Defense Network to help thousands of Americans with their tax problems. He gives the tips and tricks for you to fight the IRS and win! Visit him at: http://irs-hitman.blogspot.com or http://www.taxdefensenetwork.com, or contact: email irs-hitman@taxdefensenetwork.com or 1-888-248-9058.

Article Source: http://EzineArticles.com/expert/Richard_Close/159875

 

The Venetian Macau – World’s Largest Casino and a Mecca of Shopping and Entertainment

The Venetian Macau is one of Macau best known landmarks, and while many people know it accommodates the world’s most sizable casino, less than a few are aware it also has a lot to offer in terms of shopping, dining and entertainment…

This article will take you on a short tour through Venetian Macau, showing you what is there to see and do.

1) A few facts and figures you might want to know…

Owned by Sheldon Adelson’s Las Vegas Sands corporation, the colossal Venetian Macau spans across an area of almost one million square meters (more than ten million square foot) and occupies the largest single structure hotel building in Asia and the fifth-largest building in the world, by area.

The largest casino on earth, which is the main reason why people come here, is modeled after its sister casino in Vegas and boasts more than half a million square foot of gambling space, as well as 3,400 slot machines and almost a thousand gaming tables.

The investment in this enormous casino-resort came to almost two and a half billion dollars.

2) The main attractions

The casino is, obviously, the Venetian’s main draw… Consisting of four gaming halls, namely Golden Fish, Imperial House, Red Dragon and Phoenix, this mighty gambling shrine is open 24/7 and overshadows anything in Vegas, or elsewhere.

Next in line is “The Grand Canal Shoppes” – The biggest and swankiest shopping mall in the region, with more than three hundred stylish shops, selling mainly international brand names, and some superb restaurants and caf├ęs, like Fogo Samba (Brazilian churrascaria), McSorley’s Ale House, Morton’s of Chicago (one of the world’s most reputable chains of steakhouse restaurants), Edo Japanese Restaurant and, of course, Imperial House Dim Sum and Red Dragon Noodles, where you can indulge on a variety of fresh dim-sums, or noodle specialties, 24 hours a day.

As its name suggests, the Grand Canal Shoppes is designed like the city of Venice, in northern Italy, with cobblestone walkways, Venetian houses and even Gondola rides, on the mall’s three manmade canals…

Quite expectedly, the Venetian Macau is not short of entertainment too… Bellini Lounge, on the casino floor, features live music nightly and is open until 4am, while the Diplomat Lounge, in the Plaza Casino at The Four Seasons Hotel Macao, is open 24 hours a day but focuses, mainly, on Chinese style entertainment.

The main entertainment attraction, however, is ZAIA, which is one of the best permanent shows in Macau. Performed by Cirque du Soleil – An internationally known group from Canada, this nightly staged spectacle integrates dance, movement and aerial acrobatics and is well worth watching.

Whether you are visiting Macau for a few days, or whether you are here for only a day trip, spending a few hours at the Venetian Macau is something you should do. What’s more, there are overnight ferries from the nearby Taipa Ferry Terminal, so getting back to your hotel in Hong Kong before dawn is really a piece of cake.

To know more about Macau’s attractions and sightseeing spots, including full details and suggested day trip itineraries, visit Macau Attractions and Sightseeing Guide, where a special section is wholly dedicated to The Venetian Macau.

Roni Shwartz is a certified travel consultant and an expert to the cities of Hong Kong, Macau and Singapore. He writes for Metropolasia.com: The ultimate online-guide for travel, dining and lifestyle in the metropolitan cities of East Asia.

Article Source: http://EzineArticles.com/expert/Roni_Shwartz/90823

 

Money Management And Gambling

In this article we’re going to cover the art of money management as it applies to gambling.

Money management is important in all walks of life, where any type of investing or spending is involved. Because of the risks involved in gambling, especially in casino gambling, money management is more important than even knowledge of the game itself. Unfortunately, most novice gamblers don’t understand how important this is or even that they should do it. Hopefully, this article will help the novice gambler understand how to better manage their funds when hitting the casinos.

So what exactly is money management? Well, it’s what it sounds like. It’s managing your money in such a way while at the gaming tables so that you minimize the possibility of loss. This is in direct opposition to those who go to the gaming tables for the sole purpose of winning as much money as they can, money management be damned.

Okay, so how is this money management accomplished? It starts with understanding the odds of the game you are playing.

Let’s take the game of roulette. A roulette wheel consists of 38 numbers; 18 black, 18 red and 2 green. Trying to gain the best chance of winning at this game you want the odds to be as close to your favor as possible. In this case betting either red or black or for that matter odd or even will give you the best odds. What exactly are those odds? By dividing 18 black, red, odd, or even numbers (they’re all the same) by the total numbers on the wheel, which are 38, you get a percentage of 47.36%. Those are your chances of winning on any one spin of the wheel.

So what does this have to do with money management? Everything.

For every 100 spins of the wheel, on average, you are only going to win 47 of those spins. So if you were to bet, say, $10 on each spin of the wheel eventually you would be on the minus side. Why? Because you would win 47 times for a profit of $470 and lost 53 times for a loss of $530. Adding those numbers together you come up with a net loss of $60. So in this case you did not manage your money properly given the odds of the game.

So then the question becomes, how DO you manage your money even though in the long run you are going to lose more than you are going to win?

By realizing that after a win you are most likely going to have a loss. Therefore, after the win, betting $10, you want to bet less than $10 on your next wheel spin. That can be anywhere from $9 down to the table minimum, which in most cases will be about $5.

Let’s take a look at what happens now. Let’s say after each $10 win we drop down to $5 and then we lose the next spin. If this pattern continues for 100 spins taking into consideration that will are going to have 3 wins less than the 50 we would like since it’s not exactly 50-50, we come away with a profit of about $225. Quite a big difference from the $60 loss we experienced betting $10 on each spin. By managing our money we took the same odds with the same number of wins and losses and turned a negative into a positive.

That is money management as it applies to gambling. Take the same principal, figure out the odds for the game and that will determine how much to bet for each spin, roll, or deal at the table.

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Michael Russell
Your Independent guide to Money Management
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Article Source: http://EzineArticles.com/expert/Michael_Russell/12389

 

Casino Poker Chips and Gambling

Casino is a place where addictive games like gambling and poker take place. It is immensely popular in Western countries, particularly in the United States. Casino games involve a large amount of money. According to some people, casinos in some areas are associated with various crimes and criminals. Nevertheless, the popularity and the crowd, which is the absolute measure of the popularity, have been always on the rise. Cities in the United States like Las Vegas and California are famous for the casinos there.

Casinos usually function in association with hotels and restaurants. In almost all types of casino games, big sums of money are changed hands during each round of the games. In casinos, a particular token or chips are used to represent money, that means currency notes, and players exchange these tokens or chips in the place of actual money. At the end of the day or when a player finishes his or her day at the casino, he or she can get cash of equivalent amount by producing these tokens at the specified counter in the casino. These tokens are known as casino chips or casino checks. Players have to get these tokens from the casino by paying cash in the counter before the start of a game. These types of tokens encourage people to play more and spend more at casinos. It is said that people may not realize the actual pinch of losing money when such fancy tokens are used.

Casino chips are made of a variety of materials. These are not some common accessories that are made everywhere. Making of casino poker chips is considered as a trade secret. These chips are made of clay, plastic, ceramic, and a combination of these materials and certain metals. There are even chips made of pearls. Such chips are particularly popular in Europe. The average weight of these chips is between 8 and 10 grams. The surface of these chips is covered by what is known as an inlay. An inlay is a colorfully designed paper sheet, which can be strongly and permanently affixed to a chip. These chips come in several colors. In casinos, each color specifies a particular amount of money. Commonly used colors for these chips are red, white, blue, green, and black.

Casinos take elaborate security measures for protecting casino chips. Loosing these chips is equivalent to losing money. Each casino has a unique and distinctive design inlaid on the chips, which cannot be easily copied. Some casinos use special sizes and designs for the chips used in their game floor. More popular casinos use advanced technologies like UV technology and RFID technologies to protect their chips and prevent counterfeit chips from entering their playing arena.

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