Five Ways To Gamble Effectively


The question I get asked the most when I tell people my profession is, how do you gamble for a living? Gambling has a huge amount of stigma because the losses far outweigh the gains in some circumstances. For every person who wins big in Las Vegas, there is a guy who loses everything down their local bookies. Obviously, it is scary to a lot of people, but not if you gamble properly and take the necessary precautions. Here are a few things I like to do to maximise my earnings.

Setting a budget is essential. A lot of professional gamblers might tell you that they like to work on instinct, but I am not one of them. My whole motto is why gamble when you can win and you can’t win if you go chasing the money every time you lose. You have to know when to walk away. Otherwise, you are not a professional; you are addicted. Set an amount that you are comfortable with and stick to it as much as you can.



Knowledge and research go a long way when it comes to a flutter. Regardless of what you like to gamble on, if you want to win you have to treat it like a science rather than what you fancy. You might win once or twice by trusting your gut, but over the long term stats and data will by your trusty friend. Have areas in the industry that you know inside out and use your encyclopaedic knowledge to help you hit the jackpot.

Although your budget may be strict, the games you play should be varied and flexible. Yes, you need to have a certain amount of knowledge to enhance your chances of winning big. But, you shouldn’t be afraid to act on a tip if you get it from a source you know and trust. For example, the Grand National or the World Cup are major sporting events that you might not know too much about, but if a peer who does passes on a bit of knowledge use it wisely.

Knowing your options is what makes the difference between a professional and an amateur. A professional can take advantage of any sporting arena and make money from it because they know when best to put money on it and stay away. For example, the statistics show that you are better off playing the Irish Lotto than the British version. There is ten percent more chance of winning and the prizes are just as big. Even if the percentages are minute, it still pays to know them because they can make the difference.

Like anything in life, practise makes perfect. Gambling is no different and there are ways to practise without spending a fortune. Whatever you like to play, there are always free versions available that you can try before you have to put any money down.

Gambling isn’t as immoral as people make it out. By following tips like the ones above, I am continuing to make a career out of it.


The Pros and Cons of Short-Term Loans

What Are Short Term Loans?

Short-term loans or payday loans are loans that give people money at high interest rates for short periods of time. The money is secured by a guarantee of employment, and the money is supposed to be paid back upon the payment of your next pay cheque.

They are much talked about these days. Some people think they’re a valuable lifeline and others believe that they’re exploitative. So, what are the pros and cons?


Image Source


Instant Access to Money

Payday loans allow you to get access to money quickly with little fuss. Usually, when you borrow money from a lender, you’re expected to jump through a hundred hoops before you get your money. But with payday loans, you get your money as soon as the application has been processed.

That’s why it’s so appealing for people who need money quickly. From time to time, we all find ourselves in situations where we need instant cash. It can be very stressful when you are in a situation like this. It can seem like you have nowhere else to turn, so payday loans can be valuable when people are desperate.

Easy to Apply

It’s in the interests of the customer and the lender to make the borrowing process as easy and quick as possible. Payday lenders realise this, it’s also great for customers who don’t have the time to spend on waiting for a lender to complete the application process with you. Most payday loan applications can be done in less than an hour online from the comfort of your own home.

As soon as the application as has been processed, you’ll get a reply telling you whether you qualified for the loan or not. If you find a payday loans direct lender that is verified and trusted, you won’t need to worry about the process being too easy. Some people think that because the process is so easy there must be a catch, but that’s not necessarily the case.

Most People Are Successful

Not many people get rejected by payday loan lenders. This is largely because the loan is secured against your next work payment, so most people are able to repay the debt as soon as they get paid. So, lenders have less to worry about in terms of getting their money back, giving them more flexibility and confidence in lending.

No matter what your situation or borrowing history is, as long as you have a regular wage, you should have your application approved. This breaks down a lot of barriers for people who would most likely be rejected by mainstreams banks and lenders if they tried to borrow from them instead.

No Need for Good Credit

Some lenders will only give loans to people who have a good credit rating, but this is something that’s not so important when you’re looking for a payday loan. Most lenders will still probably do a credit check on you, but it won’t be taken as a major setback if you do have a bad credit history. Payday lenders are more concerned with other things like your current employment situation.

Some payday lenders offer specific loans to people with particularly bad credit ratings. These are called bad credit loans and offer an extra layer of protection for the lender. So, this is an option if your credit score is very bad, but there’s usually a price to pay in the way of higher interest rates and other fees.


Image Source


High Interest Rates

Because payday loans are short-term, the interest rates have to be kept very high so that the lenders can make any money from them. The loans are usually relatively small too, pushing the interest rates up even higher. This is something that ordinary people need to be very careful about. Never take out a payday loan until you fully understand the interest rates and the repayment schedule.

Some lenders will charge up to 40% interest rates. Those kinds of rates will mean you pay back a lot more than you borrow. This is why you should only take out a payday loans once you know what you’re getting into and are confident that you will be able to pay back the loan in full and meet the deadlines.

Late Payment Fees

One of the big dangers of payday loans is the consequences of missing payment deadlines. It’s not just the interest that piles up over time either; there are also the late payment fees to think about. For every payment you miss, the lender will add a little extra money onto what you owe to them in the form of late fees. The late fees might not be very large, but these fees do add up over time.

People often don’t think about the consequences of these late payment fees. They realise that the interest rates are quite high, but once you combine the late fees with the interest rates, you could have a recipe for disaster. Do your calculations and work out how much you will have to repay if the worst happens before taking out the loan.

All the Power is with the Lender

As the previous 2 points have pointed towards the fact that the lender holds all the power in this lending relationship. There is very little the borrower can do once they get themselves into trouble. Whereas the lender can keep piling on the late fees as the interest rate keeps bringing up the money owed too.

The lenders can even seize your property if the debt piles up and there’s no chance of you paying the money owed back to the lender. This is not a pleasant experience, but it is a reality, and you need to be fully aware of this risk before making your decision.

Payday loans are very good options in certain circumstances. For example, if you need money and know that you have income coming your way in a couple of weeks, a payday loan can tide you over.

Can going it alone pay off?

In 2015, it is increasingly easy to live a life devoid of almost any human interaction. This is not suggesting that is a good idea, but when you can shop, bank, interact and even play online, the potential is there. A lack of interaction often brings with it negative associations. Recently studies have shown that loneliness and social isolation can contribute negatively to health and ultimately lifespan. However, that’s the extreme end of the spectrum and we can still socialise and achieve whilst going it alone. In fact, other researchers have found that regular use of social networks online can also be a good indicator of social attitudes offline

Continue reading…