“Warriors take chances. Like everyone else, they fear failing, but they refuse to let fear control them.” Ancient Samurai sayingThree really strong interest that I have are Business, Gambling, and Investing. Three unique playing fields but they all have the same goal, to increase income. Business, is the most controllable followed by Investing and then Gambling. I find it interesting how many people use these three words interchangeably. Most people will always tell you that starting a business is a gamble thus you are gambling. Investing is risky therefore you are gambling there too. What a joke! Sure there is a level of chance that occurs in investing and business however, both can be won or earn a positive income consistently over time therefore it is not a gamble. In the following paragraphs I set the record straight regarding risk when it comes to business, investing, and gambling.Business requires skill and building a business can be an art. As with walking across the street business can be associated with risk however, that risk is extremely controllable and can be minimized by knowledge and skill. Obviously, walking across an urban highway can be very risky and that risk can be minimal if walking across a highway in a rural town. Just like we can decide what risk we take on by deciding what type of road we want to cross on foot, we can also control risk in business by deciding what business we want to take on and in what industry. We can minimize risk and increase success by increasing our skill in building businesses. Some people with an employee mentality will feel that they have minimized their risk my not starting a business and instead they will get a job.In actuality all they have done is put the risk in someone else’s hands. They leave the risk of the business they work for in the hands of the business owner they are working for. However, they also leave the risk of their primary earned income in someone else’s hands also. In this situation the employee risks losing their job, due to downsizing, bankruptcy, or any other negative consequence that could occur in business. To the employee who has a family, average household debt, other financial obligations and dependents the consequences of losing a job can be catastrophic. I find it more risky to leave my financial future in the hands of someone else versus taking control of it by starting and building my own business. Therefore, I strive to be a successful business owner and not an employee.Investing once again does involve risk but, that risk can be minimized and sometimes eliminated by understanding your investments. Since you are normally investing in a business of another person there is still some risk associated with your investments because they are less controllable. In other words you are investing in someone else’s skill of running a business and not your own. Actually this type of risk is in some ways is similar to the risk taken on by an employee. Investing can be less risky than employment for several reasons. First, if you have done your research then you have a solid understanding of your investments, the business model they are based on, and the future before them. These are all things that most employees do not research before taking on a job with a company. Also most people don’t earn their primary income from one investment but the vast majority of employees do earn their primary income from their job. Investors can actually take on less risk than most employees by understanding the businesses behind their investments.Gambling is sheer luck and therefore is the riskiest of all of my interest according to most people. However, I submit to you that even this is not completely correct. Now I will agree that gambling is definitely the riskiest but it is not all sheer luck. Gambling is a game of mathematics and understanding the mathematics behind your gambling game of choice will help you to succeed more often or at least make your bankroll last as long as possible. With the exception of Poker there are no legit professional gamblers that last very long as professionals. Poker is different because it is not a game of sheer mathematics and chance; a very large element in poker is the skill of the other players at your table. Most people are truly ignorant when it comes to gambling I often go to the casino watching people gleefully play games with a tremendous amount of odds against them and they have no idea. Just a quick about two casino controlled games that can most often be beat in the short term are Blackjack, as long as you are using basic strategy and yes there is a strategy to that game. If you playing that game just trying to get close to 21 you will lose and usually lose fast. The other game is Craps, this game has some of the best and worst bets in the casino all on one table. As long as you know what are the good bets versus the bad bets you can sometimes play for a very long time on a Craps table with a minimal bankroll. What makes gambling so enjoyable is not the risk that is associated with it but the instant gratification that is experienced when winning.That was just a little bit about my favorite interest of Business, Investing, and Gambling and the risk associated with each. Risk can often be controlled or minimized this is most evident in business and less so with investing. Gambling is most often the riskiest but does offer the quickest gratification at times. Risk can be minimized with gambling as long as your understand the mathematics behind the casino games or you increase your skill compared to others at the Poker table. Hopefully this article help to put the concept of risk in a more proper perspective when associated with starting or building a business, choosing an investment, or walking into the casino.

Well to begin this discussion let me open up and say that no matter what you have heard, offshore gambling is going strong and will continue to be so. This issue will be debated, chewed up and perhaps new laws revised for years to come on whether online gambling is illegal or not. The simple fact of the matter still remains that about 75% of worldwide offshore gambling audience is credited to Americans meaning that at this writing no regulations are being strictly enforced.For the past few years there has been many overnight internet casinos that get the website owners rich and then leaving you with no money to be had on earnings won, not so much anymore a thing of the past now. This is something you no doubt already know if you already enjoy the benefits of internet gambling as a good player is always cautious with their money and will learn and study the adversary first before continuing. That’s why I cannot stress enough to learn about the casino you plan on investing in first as still to this day there is only a handful or so of casinos online that can really call themselves offshore gambling centers.The key to dealing with offshore gambling outfits is to find a reputable online casino with a proven history of paying and a huge client list showing long-term commitment. Though it is true that online betting is not legal in some countries, many companies have adapted to this by bringing their games offshore to countries that are more encouraging to this style of play. What happened here was a lot of these offshore gambling companies would not let US based players join their online casino anymore and from there it was like a domino effect as most other internet gambling companies followed suit, no pun intended, somewhat scared there could be some illegal ties to that country because of their laws so proprietors abandoned the whole idea.How did offshore gambling all start, you may ask? The efforts of American land based casinos along with the government to fight vigorously to keep more money in their pockets by keeping online gambling illegal was only going to last so long. In November 2002, the United States Court of Appeals for the Fifth Circuit judged that the 1961 Federal Wire Act does not prohibit Internet gambling on a game of chance. And with that ruling and the emergence of the Internet in recent years has made the offshore gambling community explode exponentially. With the enormous opportunities and life-like atmospheres that Internet gambling gives, you can understand how it’s become so trendy.To be continued…

Online gambling is gaining popularity amongst peoples from all over the globe. Gamblers are now doubting whether they can gamble online due to laws about online gambling that are cropping up as the phenomenon spreads. Should everyone have the right to gamble online regardless of their country’s laws towards physical gambling? This question is posed to players because there are different laws for different countries. There are certain legalities to follow with respect to gambling online as the industry now deals with huge amounts of money. However despite this no government should have the right to tell its citizens whether they should gamble online or not.As it stands now rights to play depend on the country where you live and the different laws that apply to your country. Europe is one of the biggest bases of online casino users in the world since European governments allows its people to gamble online. However, Europe is not the only place that allows online gambling, the Asian bloc is growing at an even faster rate than any other region in the world.The United States of America has recently banned online gambling or rather banned the processing of transactions for online gambling activities. The United States banks do not allow transfer of money to online gambling companies as the state law does not permit them to do so. But the United States law is broad in the way it is written and there are ways for Americans to still gamble online. One such way is the use of the special prepaid credit card that permits the gamblers to bypass all restrictions given by the Government to limit US citizens from participating. These prepaid credit cards allow the US gamblers to play online and at the same time not break any state laws. But the majority of gamblers feel their government should not impose laws on online gambling and view using online casinos for gambling as not a crime but rather a game.Nevertheless a lot of non-gamblers view gambling in a negative light. The reason behind this is children who are under age are using their parent’s credit cards to gamble online. The fact is that most online casinos do everything to check the age of the account holder before allowing them to gamble online. But this does not stop children from circumventing all restrictions and still gambling online. Also gamblers can get into the habit of gambling online for 24 hours a day and get addicted to it. For these reasons, governments pass laws to control online gambling. What is needed though is more investment in technology to improve the detection and prevention of underage gambling.Online gambling is a popular gaming activity; it gives pleasure and enjoyment to many people the world over. This is the reason why no government should have the right to tell them whether they should gamble online or not.