Tuesday, May 20, 2008

Alternatives to losing at gambling

Alternatives to losing at gambling
My brother-in-law has a system. He says it works on a
regular basis, and it must do, because every time he comes
to visit us, he goes into the local casino and comes out
with some small amount of winnings. 'Small'? Yes, that's
part of his system. "Most people are just too greedy," he
says. "They imagine they'll win millions and end up losing
everything they have." If you're not greedy, he says, you
can count on winning small amounts regularly. That helps to
pay the rent, it might even buy you a bottle of champagne,
so isn't that worth having? Well, no, not for most people.
They buy Lottery tickets in order to win the million pound
prize. If they got a letter saying they'd won three hundred
thousand, they'd probably be disappointed. That's part of
the problem of gambling: it inspires a level of complete
unreality. But that's the point, isn't it? The casinos in
Las Vegas provide an adventure in a fantasy world. They'd
don't sell 'reality'. If they did, people wouldn't part
with their money so easily. In fact, they'd win more often.
Like my brother-in-law.

The second part of the system kicks in when he sits down.
He plays Blackjack, starts slowly and relaxed, and looks
round the table to see who else is in the game. He spots
the losers, the high-rollers, the emotional types, and
distances himself from all of them. Because that's another
way to lose. If you get influenced by the other players,
you can't watch your own game. Of course, in the real
world, it happens all the time. Why else did thousands of
people invest in 'dot com' companies in the '90s? They were
copying other people. Why else have so many people in
Britain invested in housing and renting homes, even though
the market has peaked and is now slipping down? They've
listened to other people, they've followed what everyone
else is doing. You want to win at gambling? Look at your
own hand first and consider the odds you're facing. Then
compare yourself to everyone else later, after you've got
some idea what your chances are.

The next consideration is luck. Successful gamblers know
it's all about luck, but they work with it, play along with
it, coax it and cajole it. They never, ever work against
it. My brother-in-law says that Blackjack is a game where
the cards seem to go in runs. For a while they might be
with you and then they'll turn against you. At that point
you need to back off and wait for the good run to come
round again. It always does, he says. So he plays with his
luck, not against it. He's placing small bets and if the
cards seem to be going his way, he'll slowly increase his
bets, planning on building up winnings. If the hands are
going against him, he'll slow down, minimise the bets and
conserve his stake. Why would that work for him? Because
most people do the opposite, he says. If they see they're
losing, they'll panic and increase their bets enormously,
trying to win back all the chips they've lost. That's
crazy, he says. If the run is not going your way, you need
to calm down and minimise, not maximise bets. Above all,
don't panic and wait for your luck to turn, as it always
does. If you bet high while the cards are running against
you, then all you'll do is lose bigger. That's his
philosophy and it seems to work.

That might be for two reasons. One is that 'runs' do exist.
Try it. If you flip a coin and record the results you won't
get a list that says 'head, tails, head, tails'. Sure, it's
random and there's an even chance that it will come up
heads or tails each time. But it won't alternate. Instead,
you'll get a list that says 'heads, heads, heads, tails,
tails, heads' and in that sequence you'll see runs going
one way or the other. In fact, this is a complex point, and
fools a lot of people. When the first computer programmers
tried to build a Random Number Generator a few years ago
they were disappointed at their first results. They kept
getting runs. To the untutored eye, it didn't look 'random'
enough! But it was. Randomness produces runs. You just have
to be conservative enough to see it.

That's the main point. My brother-in-law is cautious. It's
the way he plays and the way he wins. Because he's aware of
the dangers of following other players; because he's only
aiming to win limited amounts; because he knows the cards
could turn against him and produce a losing streak; he's
always reserved and waiting. He never makes snap judgements
and takes absurd risks. In the end, he walks out of the
casino with money in his pocket not because he's a great
winner, but because most of the other players are big-time
losers. They follow other players; they risk high bets; and
they compound a losing streak by betting amounts they can't
afford. In the end, that's why he wins. All he has to do is
keep his cool and win some money, standing by while
everyone else loses theirs. He watches the cards, places
small bets and increases only when he's feeling safe. But
that's okay. The system works and will continue to work.
Because? We know that out of all the people reading this
article, most have never set foot in a gambling house, so
they're not rivals. Of those who do, most don't go
regularly and have never thought about applying a system.
Of those who have a system, most are still prone to
emotional and panicky responses. That leaves, well, how
many? Not many. At the end of the day my brother-in-law is
a regular winner, but then, how many real competitors has
he got?


----------------------------------------------------
Mike Scantlebury is an Internet Author and no gambler. He
takes no risks with his many websites, hosting books,
stories and articles. He lives in Manchester, England, but
communicates to the world through the internet. Try his
pithy comments and animated thoughts. Enjoy and learn.
http://www.mikescantlebury.com

Modern Cars Confusing Consumers Says Study

Modern Cars Confusing Consumers Says Study
New research suggests that fancy additions to today's
vehicles are leaving many Britons bewildered.

According to insurance services provider LV=, more than a
third (37 per cent) of those interviewed in a recent study
admitted that they did not understand the function of
elaborate icons displayed on their dashboards. Furthermore,
nearly three-quarters (74 per cent) of people said that
they would be unable to fix their car in the event of a
breakdown. An additional 47 per cent said that they had no
understanding of how engines function, with just five per
cent of respondents to the study believing their
understanding of how a vehicle operates is excellent.

It seems that Britain is a nation reliant on breakdown and
repair services, with only four per cent of car-owners
asserting that they would feel confident undertaking
repairs to their vehicle if it broke down, while 18 per
cent said that they would be happy to carry out basic
repairs without assistance.

For those looking to fund expensive repairs to their
vehicle, a cheap personal loan may allow car-owners to get
their vehicle back on the road quickly providing the extra
cash flow needed to cover maintenance costs.

Confusion about the varied functions of today's vehicles
were said to be compounded by a multitude of acronyms used
to describe already obscure features. More than a quarter
(28 per cent), said that they were unaware that the acronym
MPV stood for multi person vehicle, while 63 per cent of
respondents were found to hold the false belief that FWD
stands for four wheel drive. In fact, the term is used to
denote front wheel drive vehicles.

The LV= report also examined male and female perceptions to
their own understanding of how vehicles work, with men said
to be reluctant to admit their bafflement at the
complexities of modern cars, the company states. Despite
not knowing how to undertake basic repairs or fix their
cars in the event of a breakdown, 71 per cent of men said
that their understanding of automobiles was average or
above. Only one in ten men admitted to knowing nothing
about modern cars, compared to 30 per cent of women.

Emma Holyer, spokesperson for breakdown service Britannia
Rescue, said: "There is little doubt that innovation has
made driving a far more pleasurable experience, but it has
made part-time weekend mechanics a thing of the past. With
many cars relying on complex electronics or technology,
many problems now require specialist equipment, as well as
specialist knowledge, to get the problem fixed. This means
it is even more vital that motorists take out breakdown
cover, so if something does go wrong with their car they
are able to get back on the road as easily and quickly as
possible."

The research follows reports last month by motor services
group the AA suggesting that car insurance costs are
becoming an increasingly prohibitive item of expenditure
for many UK vehicle owners. Citing statistics from
MoneyExpert, the group states that the average annual
insurance policy costs 629 pounds and four pence. For those
looking to fund the additional costs of keeping a car on
the road, obtaining a personal loan quote may be advisable.


----------------------------------------------------
Abbi Rouse writes for AllAboutLoans.co.uk, an online loans
comparison site, visit us today for information on all loan
topics including cheap loans applications and loans
sourcing from all leading UK providers. Our Site:
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Repair Your Own Credit

Repair Your Own Credit
Believe it or not, it is possible to repair your own
credit. Do not pay attention to those commercials you see
on television that tell you the only way to clear your
credit report or raise your score is to use a professional
company. Those companies are only out to make a profit off
of you. Now, you might think that repairing your own credit
is a complicated process, but it isn't. It just takes some
time and attention.

The first step you need to take to repair your own credit
is to get a copy of your current credit report from each of
the three major credit reporting agencies, Equifax,
Experian and TransUnion. You are, by law, allowed to get
one free copy of your credit report from each of the three
major reporting agencies per year. You can get your report
in one of two ways, either by contacting each reporting
agency individually (they each have websites) or by going
to freecreditreport.com, which is endorsed by the federal
government. At freecreditreport.com, you can get your
reports from all three agencies at the same time. Most of
these companies will allow you to access your reports for
anywhere from a week to a month without incurring any
further charges. Make sure you keep your information for
this on file somewhere, because you might end up needing it.

Print out your credit reports. Now, sit down and go over
them. Go over them very carefully. Make sure that all of
the information contained in the report is accurate. Make
sure the account numbers are correct, that your billing
information is right and that each account listed in the
report matches your records. Mark down any mistakes you
find, no matter how trivial they might seem.

The next step to repair your own credit is to challenge
each and every one of the mistakes you have found in your
credit reports. The easiest way to do this is through the
websites for each of the major credit reporting agencies.
The best way is to send your disputes in writing. Most of
the websites will have a form you can print out and use.
When you send it in, make sure that you send it via
certified mail with delivery confirmation. Keep the
postcards with the recipients' signatures. By law, the
credit reporting agencies must respond to you within thirty
days to let you know where your disputes stand and they
will send you written confirmation of any corrections that
have been made. They are also required to tell you why
corrections do not get made, in the event that an account
is not corrected. Repeat this step until your credit report
is one hundred percent accurate.

Sometimes the agencies get their information confused and
sometimes there are glitches in the computer. The time it
takes to repair your own credit will vary, but if you are
diligent, you will get your credit score up to where it
should be.


----------------------------------------------------
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Lower Tax Bills And Bookkeeping For Small Business

Lower Tax Bills And Bookkeeping For Small Business
Tax authorities are often relaxed about the need for small
business to prepare and produce formal accounting records.
Often the requirement is simply that each business retains
sufficient financial records to support the accounts
submitted.

Such advice from tax authorities places a burden upon small
business in that the vast majority are honest hard working
people who are meticulous about keeping accounting records
of sales made during the financial year. Unfortunately many
small businesses are not so meticulous about keeping
financial records of business expenses in their accounts.

A typical taxi driver may for instance keep a diary and
record the daily receipts from his fares. If those recorded
receipts are accurate then the total sales turnover for the
year will show the correct total. The same may not be true
of expenses and the accounts thereby overstated.

The total business expenses of the taxi driver would mainly
include the fuel receipts plus the other running costs of
the business. Typically a receipt for fuel will be obtained
and kept in a file or shoe box. Some may get mislaid and
lost and be missing from the final accounts preparation.

Other receipts for miscellaneous items may not even be
retained as forgotten, lost or not thought of at the time
of purchase. Examples may be purchase of the diary in which
sales records are kept, business cards, other stationery,
and cash payments for a whole variety of miscellaneous
items.

The same practise is also often applicable to not just taxi
drivers but many small businesses. A small business owner
may visit a supermarket for groceries and also buy an item
of stationery for business use the cost of which is lost
when the grocery receipt is discarded. If close attention
is paid then the stationery item could have been obtained
on a separate receipt and the cost of the journey to
purchase it also included in the business expenses.

The stationery item is just one example which could be
multiplied hundreds of times with hundreds of different
items during the financial year. While each item missed and
unrecorded may not be significant the total could well be
sufficient to significantly reduce the year end tax burden
by lowering the net taxable accounting profit.

Having retained a separate receipt for everything it is
useful if the receipts are filed and the bookkeeping system
employed updated at least once a month and preferably each
week. By updating the accounting records on a regular basis
more expenses will be recorded as the memory will remember
recent expenses more clearly and accurately.

Another useful method to ensure all business expenses are
maximised is to keep a daily diary of all expenses
incurred. Use the entries in the diary when updating the
bookkeeping records to ensure nothing has been missed in
the accounts.

The essential message is to be meticulous about keeping
receipts for everything, no matter how small, and recording
both income and expenditure on a regular basis so that
items are not lost or forgotten and included in the
bookkeeping records. By also keeping a diary of financial
records even if a receipt has been mislaid the amount
should still be included in the accounts. It could be
disallowed later if the tax records are enquired into but
that is a matter of negotiation with the tax authority from
a standpoint where the financial records are correct.

In addition all small business should take some time to
review all potential expenditure which can be claimed under
the tax rules. Many valid expense items can be missed
having been dismissed as ordinary expenses which may be
business related and therefore claimable in the financial
accounts.


----------------------------------------------------
Terry Cartwright, accountant and CEO at DIY Accounting,
designs accounting software
http://www.diyaccounting.co.uk/smallbusinessaccounting.htm
on excel spreadsheets providing complete single and double
entry bookkeeping systems
http://www.diyaccounting.co.uk/bookkeeping.htm

Tips on Consolidating Credit Card Debt

Tips on Consolidating Credit Card Debt
Let's face it, no one even want to be caught having a lot
of debts. However, if you are caught in credit card debt,
do you know what to do?

Well, I know I do. However, if you think you are caught in
so much credit card debt and you think that you do not have
a way out, don't worry. Read this article and you should
know what to do.

Firstly, we need to know what debt is. Debt is that which
is owed; usually referencing assets owed, but the term can
cover other obligations. In the case of assets, debt is a
means of using future purchasing power in the present
before a summation has been earned.

Learning how to consolidate a credit card debt is essential
and of the best things a cardholder can do. There are many
advantages to consolidating your credit card debt.

Firstly, you should know that debt consolidation entails
taking out one loan to pay off many others. This is often
done to secure a lower interest rate, secure a fixed
interest rate or for the convenience of servicing only one
loan.

So, that answers why you should consolidate your debt. Let
me just give you the reason on why you should consolidate
your debt.

- You get lower interest rates
- Make your life simpler
- Lower monthly payments
- Get your credit improved
- Lower your chances of default payment
- Teach you a lesson not to play with credit again :)

Consolidating your credit card debts can make your life
simpler because you can just pay monthly to only one
creditor. This way you can get out of the mess of paying
other debtors.

Should you ever make a decision to consolidate your debt,
you should first consult a professional. There are many
great credit card companies and banks that would love to
assist you.

You should also make sure you do your research before
settling on the creditor. You should make sure it is
genuine and also you should only take a loan only when you
need to and only the amount that you need.

And beware! There are also companies out to scam you. In
order to counter this problem, you should make sure that
there are no hidden costs. By doing your research, you can
save yourself money and avoid getting cheated and land
yourself with greater problems.

There you have it. All the things you need to know about
consolidating your credit card debt. By doing this you can
get better rates, have lower monthly payments and thus
makes your life easier.


----------------------------------------------------
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make sense to Consolidating Credit Card Debt. This is
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