Credit Cards and Bankruptcy

The inevitable trap of credit cards and the preying by banks on their victims may lead many to bankruptcy. There is no easy way out of financial situations when income simply does not match expenditure. We all want the latest and best things on the market and many acquire them through loans on those pieces of plastic. The facts are, however, that the interest charged may mean that repaying such loans quickly puts it out of reach of meeting it.

Banks are not so honourable that they will surrender their biggest money earners, namely the credit cards. The ones who use them are ‘cash cows’ supplying their lenders with huge incomes and vast annual profits. It’s like gambling when one puts money in and gets little back in return.

In times past I too was hooked on credit and then some valuable lessons came to hand. The goods I was buying during sales, and so forth, were costing twice as much as they would if the same items were bought for cash. Not only that but much of the stuff filling my cupboards was unnecessary and likely would never be used.

Banks and sales go together. One often sees stores offering extra discounts for using a Visa card. It does not take a genius to know how much the business receives back for this slight-of-hand deal. Nor does one need a calculator to check on where the institutions are making most of their money.

At the moment in Australia interest loans on property have never been lower. One can get a mortgage for something like 1.5 percent or even less. That is because the banks know that people will be forced to sell that property at a great loss if they go bankrupt through using their credit cards. With that in mind the offer of extended credit is given to the mortgagee.

There is a move afoot here to force banks to disclose the source of their income while the Opposition wants a Royal Commission into banking practices. With the focus on the ongoing links between credit cards and bankruptcy prominent in the media it is long overdue.

The best way to avoid the trap is to tear up the cards and have nothing to do with them. Bargains are only such when there is a genuine saving to be had from the purchase. If money is correctly managed then buying things for cash will quickly become a priority.

Lay Back and Think of Winning

Horse Racing Information no longer means trying to find which horse is going to win. With the introduction of the betting exchanges and more notably ‘Betfair,’ finding horses that will lose is now the name of the game. Of course this does not just apply horse racing, name virtually any major sport and you can now lay, back or trade on the outcome of your chosen event.

Betfair has recently set up an operations centre in San Francisco with the imminent change in gambling laws set to boost the flagging US economy. This will revolutionize gambling in the US the way it has in Europe and the rest of the world. Betfair used correctly has the potential to be your very own money tree as you learn the market fluctuations and trends.

I have using various different methods on Betfair since it’s inception over 10 years ago and after around 5 or 6 years of trial and error I have now got 6 systems which I use on a daily basis to produce jaw dropping results. Having invested in various horse racing information services and systems over the years of which most simply do not work, in 2006 put my own systems into operation and have never looked back.

It takes me around 1 hour every morning to check the racing press on and offline to gather the required information, a few clicks of the mouse on Betfair or a similar exchange and 80%+ of my days trading are successful, Occasionally I will need to check price changes during the afternoon but the bulk of my systems take just a few seconds to execute.

Many times the outcome of the event is irrelevant as I have traded in such a way that whatever the outcome I am guaranteed to be in profit, though 95% of my bets are straight ‘back or lay’ as this is by far the most profitable way to succeed on betfair and that which my systems are geared too.

Betfair will take a 5% commission on your winning transactions however that can fall as low as 3% the more successful you are. Unlike a traditional bookmaker you betting against your fellow gamblers so there is never any danger of have your account closed for consistent winning, winners are welcome! For just a small monthly payment I will show you how trade on the exchanges like a pro and make massive profits on a daily basis.

Matched Betting for Absolute Beginners

Matched Betting Guide

Matched betting is the term given to the process of extracting guaranteed profit from the bonuses offered by online bookmakers. For example, at the time of writing this article, Skybet are offering £20 if you sign up and stake £5. The ‘qualifying bet’ of £5 is then followed up by placing the ‘free bet’ of £20. By ‘matching’ both of these bets at a betting exchange (Betfair), we can guarantee to extract a profit. At the time of writing this article, there are over £715 worth of offers from UK Bookmakers.

The matching process is simply placing two separate bets. The first one is what is known as a ‘back’ bet. This is placed at Skybet. The second is known as a ‘lay’ bet. This is placed at Betfair. This process involves no gambling because we are covering all outcomes.

Both the ‘back’ and the ‘lay’ are placed on the same game and on the same outcome. For example, the ‘back’ is placed on Southampton to win at odds of 2.1 (only use decimal odds, not fractional odds). The ‘lay’ is also placed on Southampton. By backing Southampton, we are betting that they will ‘win’. By ‘laying’ Southampton, we are betting that they will ‘not win’. The ‘back’ and the ‘lay’ cancel each other out.

Qualifier

Let’s have a look at a practical example of a qualifying bet (from here referred to as a ‘Qualifier’. We will take the Southampton v Swansea game in the English Premier League:

Back:

  • Back Southampton with a stake of £5
  • Odds of 2.1

Lay:

  • Lay Southampton with a stake of £5.02
  • Odds of 2.14

The reason why we stake a little bit more on the ‘lay’ side is because Betfair charges a commission of 5% on any winnings, so that has to be taken into account. Don’t worry too much about the maths just now.

Result of the Qualifier:

If Southampton win:

  • We would win £10.50 at Skybet
  • We would lose £5.73 at Betfair

Because £5 of the Skybet winnings was our initial stake, our profit at Skybet is £5.50, so:

  • £5.50 – £5.73 = – £0.23

If Southampton draw:

  • We would lose £5 at Skybet
  • We would win £4.77 at Betfair

So again, we’ve lost 23 pence:

  • £4.77 – £5 = – £0.23

If Southampton lose:

  • We would lose £5 at Skybet
  • We would win £4.77 at Betfair

So again, we’ve lost 23 pence:

  • £4.77 – £5 = – £0.23

So whatever happens in the Southampton game, regardless of the result, we’ve lost 23 pence on the Qualifier. However, we have unlocked a £20 bonus.

Free Bet

We now have a £20 in our Skybet account as a bonus. This part is slightly more tricky. Here is an example of how we would use the matching process to extract the profit:

Let’s take Southport v Grimsby

Back:

  • Back Southport to win with your £20
  • Odds of 6.5

Lay:

  • Lay Southport with a stake of £19.26
  • Odds of 6.8

Result of the Free Bet:

If Southport win:

  • We would win £130 at Skybet
  • We would lose £111.70 at Betfair

Because it was a free bonus, £130 is pure profit, so:

  • £130 – £111.70 = £18.30

If Southport draw:

  • We would lose £0 at Skybet (because it was a free bonus)
  • We would win £18.30 at Betfair

So again, we’ve won £18.30

If Southport lose:

  • We would lose £0 at Skybet (because it was a free bonus)
  • We would win £18.30 at Betfair

So again, we’ve won £18.30

So whatever happens in the Southport game, regardless of the result, we’ve won £18.30 by covering all possible outcomes of the game.

Here are the results of both our ‘Qualifier’ and our ‘Free Bet’:

  • Qualifier = – £0.23
  • Free bet = £18.30
  • Total profit: £18.30 -£0.23 = £18.07

That means you have made a profit of £18.07 without risking a penny.

Important – Do Not Bet on Betfair In-Play Blackjack Game Until You Read This

Blackjack is the world most famous casino game and you can find this game at any of the online casinos. The innovative betting exchange does have its unique blackjack system, for punters to back and lay according to their decision.

The in play blackjack games are automated and it run 24 hours per day. Each round takes about 40 sec to round over. . It has both standard and turbo version, which the latter run about 25% faster than the standard version. And they both played at the same set of rules.

The objective of the game is to get closest to 21. And the game is following strictly to the “perfect strategy” which pre-determined by the system.

Punters do not have to decide whether to draw cards or stand. Instead, punters just need to decide whether to lay and back the players or the banker. Winning hands will get the winning less 2.5% of the commission. Otherwise the hand will be eliminated.

For every card dealt out, it will affect the probabilities and hence the odds will be changing based on the chances of winning. Card counting in this game is not possible because the betting exchange blackjack game uses infinite deck. It is to make the game as randomize as possible.

Knowing the rules of the betting exchange blackjack game is very important. Because some of then are different from the normal casino blackjack:

-Infinite deck of cards,

-No splitting or doubling

-No surrender is allowed

-The ranking of the hands are as such

1.)Five card Charlie ( five cards total must be lower than 21, otherwise consider burst or eliminated

2.)Blackjack (The combination of one picture or ten value card plus an ace)

3.)The highest points value.

It offer other unique betting exchange selections. You can either lay or back the following selections:

1.)Banker’s hand “Win or ties” with all the 4 players

2.)One or more of the hands (banker plus 4 players ) hit a 5 cards Charlie

3.)All cards are unique of both suit and value

4.)Only one hand has a point value exactly 21 points

The banker will stand on soft 17 or greater up to a maximum of 5 cards. If the banker stands or is bust then the game is over and all bets are immediately settled.

Be sure you know the rules of the game before you place your first bet on in play exchange blackjack game.

Craps, a Table Game That’s So Mis-Understood Is Easy to Learn and Play – Here’s How

Many players avoid the casino game of craps at first because the large oval shaped table with numerous betting options seems a bit intimidating to table game players. Craps is actually easy to learn and fun to play, and here’s how:

Start at a five dollar minimum table. You’ll usually find them during non-peak hours. I recommend a buy-in at least 20X the table minimum. A button on the table will read ON or OFF. When it is in the OFF position, place your money on the table and ask the dealer for $5 chips. You will see seasoned players making various wagers. The most popular is the PASS LINE bet. Place a chip(s) in that area in front of you. When you hear the dealer shout “COMMIN’ OUT” that’s when the excitement starts and the designated SHOOTER will toss two dice. Here are the wagering choices:

Pass Line

If the shooter rolls a 7 or 11 on the first roll, you win even money. If a 2, 3, or 12 appear, you lose. Any other number, 4, 5, 6, 8, 9, or 10 becomes your POINT. A dealer will mark the point number with the ON button indicating game in progress. In order for you to win, the shooter must roll the point number before he or she rolls a 7. If a 7 appears before the point, the house wins. No other numbers matter on this wager, no matter how long it takes. The game will end only if a point or 7 is rolled.

Odds Bet

This is a wager every pass line bettor should take advantage of because it pays off in TRUE ODDS and has no house edge. If a point number is rolled, you will have the opportunity to take odds on that bet by placing an additional wager behind your pass line bet. Most casinos allow a double odds bet. For example, let’s say 4 is the point. There are three ways to win with the 4: 3 and 1, 2 and 2, or 1 and 3. However there are six ways to lose with a 7: 4 and 3, 5 and 2, 6 and 1, 3 and 4, 2 and 5, 1 and 6.Thus, 6/3 is a two to one payout. Your $10 double odds wager will earn you $20 plus your pass line bet if you win.

Don’t Pass

A very small percentage of players use this option. It works the exact opposite of the pass line. Here you are betting that the shooter will lose the roll. A wager on the don’t pass line will win if the come out shooter rolls a 2 or 3, push (no win/no loss) with a 12, lose if a 7 or 11 is rolled. Odds bets are available however your chances of winning are greater than losing, so you have to lay the odds instead of taking them. If a point is rolled such as 4, you win if a 7 is rolled first. This time 3/6 is a one to two payout so you would have to put up $20 to win $10 plus the don’t pass wager.

Be forewarned that only about 2% of players play the don’t pass, AKA wrong bettor. You will not have many friends at the table when betting wrong.

Come Bets

Come bets work the same way as a pass line bet but can only be made after a point is established. A 7 or 11 wins, a 2, 3, or 12 loses. Any other number becomes your come point and must be rolled before a 7 for you to win. You can also take true odds on your come point after the dealer moves your chip(s) to the appropriate number box. This wager is independent of the pass line wager and your come point may be other than your pass line point. Thus, if the shooter makes his or her pass line point, the game ends but your come point wagers remain active. If a 7 is rolled during the next come out roll, you lose the come bet but your odds are returned to you.

Don’t Come Bets

This play works the same way as a don’t pass wager after a point is established. You may also lay true odds. You want the 7 to be rolled before the don’t come point. Here is the one big exception on a don’t come bet: should the shooter win his or her pass line wager, and the don’t come point is made on the next come out roll, You not only lose your wager but your odds bet as well.

Place Bets

A wager on one or more point numbers (4, 5, 6, 8, 9, and 10). The bet(s) win if the number repeats before a 7 is rolled and lose if a 7 appears first. Payoffs are: 6, 8- pays 7/6, 5, 9- pays 7/5, 4, and 10- pay 9/5.

Buy and Lay Bets

A buy bet is the same as a place bet except you pay a five percent commission to the house when you make the bet but you are paid in true odds if you win. Payoffs are: 6, 8 pays 6/5, 5, 9 pays 3/2, 4, and 10 pay 2/1. A lay bet is the exact opposite of the buy bet. You must bet more to win less because your chances of winning are greater than losing.

Good Luck!