There is one thing and one thing only that will take any gambler from constantly losing to any hope of making a profit. It's not lady luck; it's not any magic trick, and it's not a mystical ritual.
Gambling has been around in various forms for hundreds of years and is an enormous source of revenue for a multitude of casinos, government agencies, bars, clubs and other organizations. The reason that these organizations make such a lucrative income is not so much the huge numbers of people gambling as it is the high percentage of these people who fail to learn the one secret they need to know to have any chance of making a profit at all.
The usual gambling approach goes something like this: You go to the race track and overhear a stranger telling a friend that a particular horse is ready to win so you put ten bucks on it. Result - the horse loses. Or you go to the casino and put fifty bucks into a slot machine because you believe it is your "lucky" machine. Result - you walk out fifty bucks lighter if you're lucky. In most cases you'll have blown even more because you have the extra cost of drinks, and you may have been so caught-up in your attempts to win that you actually put more like sixty or seventy bucks into the slot machine.
So what is the secret that you need to change your gambling situation? The secret is this, "Education". While ever there are people who make no attempt to educate themselves to a point where they can make informed choices then the casinos and bookmakers will always make very lucrative profits from the suckers who walk through their doors day and night.
As an example, let's say we play heads-or-tails with a coin and I offer to pay you $1.80 per dollar bet every-time you pick the correct outcome. A typical gambler might think that's pretty good and try to pick more winning picks than they lose in the mistaken belief that they can make a profit. An educated gambler on the other hand would see the truth, which is that the odds of picking any one outcome here is 50/50; so over one hundred spins on average you would win fifty times. The reality is that with a 50/50 game if you outlay one hundred dollars and win fifty of those at $1.80 your total return is $90 or a loss of 10%.
The above situation is not uncommon in many casino games. Slots for instance has a house advantage of up to twenty percent (meaning that the casino always makes up to a twenty percent profit on all money that is put through the slot machine), and yet gamblers continue to throw their money into the slots despite the fact that the longer they play the more they'll lose.
To improve your overall chances of coming out in-front when gambling start with a few of these tips:
Successful stock market investors never buy stocks based on a tip or because they like the name of a particular company, otherwise they would go broke very quickly. They learn all they can and make informed decisions when choosing what to invest in. Stop gambling now until you educate yourself enough to make gambling choices that are likely to return a profit, rather than lining the pockets of the casinos.
Copyright © 2006 Colin L Wolfenden
Japanese people love gambling and all kinds of games of chance, and although Japan casinos are not plentiful due to governmental regulation, gambling is very popular with Japanese and foreigners alike. The Japanese have a long history of gambling, often involving traditional games that are not known outside its borders, and furthermore, they love to bet on sporting events such as horseracing and baseball. Consequently, current political moves to liberalize the Japan casino industry are likely to place Japan at the forefront of the Asian gambling market.
One of the most popular games of chance in Japan is called pachinko, a game like pinball, which is played by millions of Japanese in “pachinko parlors” all through the country. Pachinko machines offer lucky winners the chance to exchange their tokens for goods or money on the premises, and trillions of yen are spent every year on this most popular of pastimes. Indeed, it is estimated that more money is generated by this game than several of Japan’s top car manufacturers combined.
Due to tight government legislation prohibiting casinos as such, Japan casinos are currently obliged to operate online, an industry which is fast growing into one of Asia’s biggest, and also on cruise ships and boats operating in international waters, thus circumventing the restrictions on land-based gambling. There are moves afoot to change the rules on gambling to allow Japan casinos to be established throughout the country, offering not just basic gambling facilities, but also operating as entertainment and retail malls in their own right. This will generate extra revenue and provide customers with a more satisfying leisure experience. Furthermore, many proponents of casino reform in Japan feel that liberalizing the rules on gambling would make the country even more attractive to tourists, especially considering the number of casinos operating in other countries in the Far East.
In addition to traditional forms of gambling, Japanese people love to wager on sporting events, and in particular on horse racing; big races can regularly attract huge crowds, sometimes in excess of 100,000. The Japanese also gamble on cycling and other sports such as soccer, and in addition, there is a government lottery that offers maximum prizes of around a billion yen. Consequently, there is already a thriving gambling scene in Japan, and with the anticipated changes in the rules, it is surely not long before Japan casinos find themselves at the forefront of the Asian gambling industry.