Gambling and Taking a Risk – Do You Know the Difference?

Learning how to take risks in your life is a key skill in achieving success throughout your entire life. Every successful person in all areas of life has taken some risk at some point in time. There is a big difference between taking a risk and gambling. Many people are not able to distinguish a significant difference between the two. We are going to talk about the difference between each of these things so you can understand them in detail. From now on, make a commitment to yourself that you only take calculated risks and not gamble with your life or your money.

We all have heard stories about people who go to casinos while they’re on vacation, mainly in Las Vegas. Las Vegas is known for the millions and millions of dollars that people lose each and every year because they have an addiction problem. This addiction problem comes in the form of gambling with money that they really do not have to spend or lose. It is sad and unfortunate, but many family members gamble with their life savings or their child’s college tuition money. Gambling has become a serious an addict of the problem in our country today.

A personal friend of mine that I have known for a few years now has always been a saver and a diligently hard worker since the first day I met them. It was only six months ago that I heard a story about my friend losing all of his money at the racetrack. Deep down, the person had an addictive personality that led them to continually gamble, and eventually lose all of their money. This is something you do not ever want to have happen to you.

Taking a calculated risk is completely different than gambling. When you take a calculated risk, you are making an educated guess based off of a set of rules and information that you follow. For example, professional stock traders go buy a set of rules whenever they are placing a trade. They know exactly when they will get out to if the trade goes wrong and they stick to their rules. They have a calculated amount of money that they are willing to put at risk and lose that will not damage their portfolio. This is called taking a risk, but it is a calculated risk. Emotions do not have anything to do with taking this calculated risk, it is all based off of logical data.

Many people who gamble are emotionally addicted to the process. People who take calculated risks only use their logical thinking part of their brain. Daniel Goldman calls this emotional intelligence. This is a key skill and learning what the differences between gambling and taking a risk.

5 Successful Lottery Winning Tips

Winning the lottery is a dream many people desire. As such there are quite a lot of people who make a good living playing the lottery. These people have researched many different methods for winning the lottery, and there is a common strategy among these people.

5 Successful Lottery Winning Tips.

  1. Research lottery winning techniques. From doing a little research on the internet it is not hard to find winning systems with proof of success with people using such a system. There are many people out there who make a good living with the lottery. It is not impossible as it may seem to be.
  2. You should play more then one line per ticket. Spending hundreds of dollars on a ticket is not necessary, but about 20 dollars should do the trick. Buying a ticket with 1 line is not the best idea as you have horrible odds with just one chance at a win. Some people though spend hundreds of dollars at a time to increase their odds. This may be true but you will most likely be spending more then you are winning with that type of strategy. With a proper method 20 dollars should be more then enough to give you good odds.
  3. Play the smaller games that have more winners and better odds of winning. A 7 ball game with a multimillion dollar jackpot may be tempting, but the odds of winning are not good even with a good lottery strategy. It is best to stick with lottery games with 5 balls and a lower jackpot. These games have a lot better odds of winning and there are many winners for these games. This is really one of the most important lottery winning strategies.
  4. When you start to make some money from smaller wins, do not throw all your winnings into one game. Granted you may get lucky and get a big win, but most likely you will just get a small win after you just spent all your previous winnings for that win. This is where many people fail at playing the lottery. It is a good idea to just save these winnings and slowly feed it into the games you play.
  5. Most people these days want instant gratification. So what happens is people put 5 dollars on every game in hopes of winning at least one of them. This may sound like a good idea but you will end up spending a lot of money this way and you are not really increasing your odds of winning. It is best to save up your winnings and play 20 dollars in one lottery game every couple of weeks. You could play more if you are making good wins, but it’s best to start off smart instead of wasting all of your hard earned money!

These are just a few useful tips for increasing your odds of winning the lottery. There are many strategies for winning the lottery. Like I have stated previously, research a successful how to win lottery method and remember these tips. When your making good money from wins from the lottery you won’t regret it!

Living in the Philippines – Most Popular Beach Resort Retirement Areas of Foreigners

When it comes to retirement locations in the Philippines, one has many options – major urban cities, larger rural cities, beach resorts, mountain retreats. Each has its own unique and attractive features. The major advantage of retirement in a beach resort is are (i) exciting beach activities, (ii) ongoing “vacation” atmosphere, (iii) great entertainment and night life, (iv) continuous influx of foreign travelers, (v) numerous upscale hotels and related resort facilities, (vi) great airport accessibility, and (vi) yet small populations. In this category of retirement spots, the most popular are (i) Boracay Island, (ii) Mactan Island, (iii) Panglao Island, (iv) Subic Bay, (v) and Puerto Galera.

BORACAY ISLAND

This is the most famous of all the beach resort areas in the Philippines. There are many 5 star resorts on this island and numerous bars and restaurants owned by foreigners. The sand is some of the best in the whole world, and the night life is supreme. However, it is crowded and overdeveloped like Waikiki and Miami Beach. It has a small permanent population of around 15,000 but a large daily population of tourists from around the world. It attracts travelers of all sorts – international sophisticates, Manila urbanites getting away, serious water enthusiasts, backpackers, and late night party animals. The downside of Boracay is that housing costs tend to run on the high side, more like the costs of housing in Manila. However, for a retiree looking for beach resort action, Boracay Island is the place to be.

MACTAN ISLAND

This island is just adjacent to Cebu City, across a bridge, and in fact where the Cebu international and domestic airports are located. Like Boracay, Mactan too has sandy beaches, but not near the quality of those at Boracay. It also is packed with upscale 5 star hotels and resorts. Yet, whereas Boracay is more remote, accessibility is excellent and Mactan Island due to its proximity to Cebu. Additionally, there is a casino on Mactan Island for those who enjoy the addition of gambling to their retirement lifestyle.

Lliving on Mactan Island provides that resort atmosphere, due to all the resort hotels, yet it is close to great medical facilities and upscale shopping malls across the bridge in Cebu City. Housing costs are lower on Mactan than on Boracay.

PANGLAO ISLAND

This island is across a short bridge from the much larger island of Bohol, which is approximately a 1/12 hour fast-boat ferry ride from Cebu City, or a short airport ride from the Cebu domestic airport. Panglao Island has a population of around 60,000 and is generally associated with Alona Beach, a strip of resorts and dive centres on the southern side of the island. Diving is what draws tourists and retirees to Panglao Island.

There are many resorts and the cost of living is substantially less than on Mactan Island. On the down side of course is that the island is more remote and requires a boat or air trip to get to the medical and shopping facilities of Cebu City.

SUBIC BAY

This area has rapidly become a favorite retirement area, especially for retired US military personnel and for Koreans. Until 1992, Subic Bay was the base for the huge 7th Fleet of the US Navy. These days it is in the process of being remolded into a tax free foreign trade zone and a modern tourist destination. A modern new superhighway was completed in 2008 which has cut the travel time from Manila by an hour. This provides great access to all that Manila has to offer, yet permits retirement in a smaller resort oriented community with all that has to offer. The population is now in excess of 200,000. The presence of Koreans is largely due to the construction in 2006 in Subic Bay of a large Korean shipbuilding plant. Housing costs have risen considerably in 2008 and 2009, yet they are significantly below Manila costs. There are lots of retired military people living in this location.

PUERTO GALERA

Puerto Galera, located just a few hours drive south of Manila, has a small population of around 30,000, and is one of the top tourist destinations in the Philippines. Divers especially visit there in droves. Diving is king at Puerto Galera, with drinking close second. Beaches are numerous, but they lack the real resort style white-sand. The area is known for its great diving and its great night life. Watering holes, music and all kinds of nightlife are everywhere in Puerto Galera. Cost of living and housing is on the low end in Puerto Galera, as compared to the other beach resort retirement areas.

How to Consistently Win at Roulette

Supposedly, Einstein once said that the only way to beat roulette is to steal from the table. I don’t know if this is true or not, either way, I disagree. I may not know rocket science, but I do know roulette. If you play it smart, you CAN make a living off of roulette. A much better one might I add, than your standard 9 – 5 job will ever pay.

First off I want to address Einstein’s quote. If it is true (not that it matters), I believe Einstein was trying to say that there is no one roulette strategy that is unbeatable, which is true. There is no flawless way to win 100% of the time at roulette. There is no flawless way of winning any game 100% of the time. Even if you’re cheating, there’s a chance you could lose. From poker to monopoly, eventually you have to lose once and a while. That doesn’t mean though, that you can’t be extremely successful at any particular game (without cheating). Roulette is no different.

In my opinion, beating roulette doesn’t mean winning 100% of the time and never losing even once. Beating roulette simply means consistently keeping your winnings substantially higher than your losses when playing. If you use strategy wisely, this can be done very easily.

Statistically, roulette is a game of chance. There is no way to determine where the ball is going to land. However, by using strategy, you can manipulate the system to increase the odds of the ball landing where you want it to. The ball doesn’t have to land where you want all the time, just most of the time. This is the key to beating roulette.

Now, when applying strategy, you can’t go with just one. You need multiple strategies on multiple levels to beat roulette. Not only do you need to strategize how to bet and where to bet, you need to strategize where to play, when to play, when to stop playing, how much to play with, how much you can lose, and more. This is all very easy to apply, and once applied properly, you will be a force to be reckoned with at the roulette table.

Beating roulette is possible. You simply need to wisely, and properly apply strategy to win consistently. For a list of strategies that myself and others have used to make a living from roulette, go to my website: Free Roulette Strategies. There you’ll find everything you need to beat roulette, from an explanation of the rules, to my best strategies. It’s all 100% free and easy to apply.

Theory of relativity? More like the theory of roulettivity…. Ha, ha, ha! Take that Einstein. (Sorry about the bad joke.)