Is Poker Gambling Or Investing? A Different Outlook on Poker

Well I have put a lot of thought into this question and have asked a lot of people what they thought. I was very surprised that many people seen it as straight up gambling that poker was the same as blackjack or even worse slot machines. When I said I see it as an investment and here is why a very large percentage of people said I was totally crazy. Poker was gambling and the casinos made big money off the game. WOW there it is people for the most part see POKER as a GAME. How you see poker for a big part determines how you play. Do you see poker as an investment or a risk of your cash?

Let’s take a minute and look at the two words RISK and INVESTMENT. For most people RISK means foolishly parting with your money HOPING that you will get a big return on it but not expecting anything back. Your friend comes and says hey I got an idea for a new type of fuel for heating houses I need you to “invest” 10,000 dollars. You on the other hand see it as a huge “RISK” because you don’t fully understand it all and feel you will never get your money back. On the other hand when you invest you feel secure in knowing you will get all your money back plus a profit over the long run. You think of the stock market as investing especially if it were a company like “Google” or Microsoft. But if you follow stocks both were bad investments not long ago because of the economy and everything going on in it. If you did buy Google or Microsoft over the long run you will be OK. But you still were “risking” money weren’t you?

Now go back and interchange the words risk and investing it can be done, BUT it changes the feeling of the sentence… risk is negative and investing is a positive. Now how do I apply this to poker you may ask? First POKER is not a game to me. Poker is a SPORT. By viewing it as a sport I have taking it from a game of chance in my mind where I need luck to win all the time to a positive view where over time with practice I can win much more often then I lose. I may not win every hand or every time I sit down but with practice I will win much more then I lose and I will be investing (see how you can interchange use risk now) my money in something I know will have a nice profit margin at over the long run. Look at a young “PRO” sport team, they have a lot of new players they are redesigning their whole team, young fresh faces, but very talented.

They practice more than any other team, they show they have a wide range of talent, they work together, and this year they are 50/50 for a win lose ratio except for injuries. What do you think their record will be next year? They practice the same every thing is the same next year I am sure you didn’t say 75/25 losing more then they win. Poker with practice and studying of the mathematics you can improve your game to a point where you feel that you made an investment when you sit down and buy the chips where you may feel am willing to risk 200 bucks in a game of poker today… Stop before you buy chips the next time and turn everything positive and see what happens with your playing style. Say I am going to invest this money in a poker match where I know over long term with practice I will get a nice return on my investment. See if it helps keep you more inline when choosing what hands to play, how much to invest in a hand and how you think about poker over all.

Casino Gambling and The Tao

It may seem strange to equate casino gambling with Taoist philosophy, but it may be because gambling is so much a part of and widely accepted in Chinese culture.

The very first recorded history of playing cards date back to 9th century China which makes sense being that they were the inventors of writing paper. The first book written with reference to playing cards dates to the Tang Dynasty (618-907) called Yezi Gexi. By the 11th century playing cards could be found throughout Asia featuring many of the 108 heroes of Lan Shun found in the Chinese classic the “Water Margin.”

In the 16th century playing cards had made their way to France and it is there that they began using the suits of picture cards that we are familiar with today based on figures of French nobility.

Taoist philosophy is said to be nearly 6,000 years old and came to prominence with the teachings of The Yellow Emperor, Huang Ti, the first emperor of China. With many of their scientific discoveries such as mathematics and astronomy, there was also a deep connection to astrology, symbology (a science of symbols and their effects), numerology and many forms of mysticism.

In the 7th Pillar of Taoism, “The Tao of Mastery,” The symbol for water is K’AN and states, “to be successful and fortunate, risk must be taken.” Luck to the ancient Taoists was a form of control and timing.

Clearly in all gambling, timing is an important factor. Regardless of the type of gambling, all of it’s forms tend to run in cycles, both winning and losing ones. It is the skill which one navigates through these cycles that the player conveys their level of control over the outcome.

The first serious studies of gambling in the 20th century were done by economists who expressed their confusion that gambling is a losing proposition and in effect, irrational behavior. In 1945 William Vickery, a noted economist, concluded that gambling should be measured not in expected gains but by the money a gambler doesn’t have that appears to be more valuable to them than what he does have.

The typical view is that gambling is self-destructive, undermines the work ethic and removes money that could be put to better uses in the economy. The notion that most people tend to gamble beyond their means remains unproven and was disputed in research conducted in 1966 in the “Economics of Gambling” published in London, England. In this study it was found to be an affective outlet for frustration, a relief from loneliness and a leveler of inequality among the economic classes.

Many psychologists view gambling as a normal form of recreation and destructive only to the addicted. They stated that the solution lies in treating the gambler, not in the condemnation of gambling as a whole.

The casino patron is courted with opulent surroundings, swimming pools, shops, shows, night life and “comped” amenities. The attraction is undeniable as an escape from tedious and purposeless occupations. Being confronted with the myth of success, when faced with insurmountable economic and social obstacles, makes the whole casino experience much easier to understand.

My own opinion is that people who gamble solely for the thrills and excitement, with no care of the economic results, would do better to find a more fulfilling and less expensive hobby. Gambling is an isolated activity. It will not take the place of a meaningful relationship nor will it counteract feelings of alienation or loneliness. These are not reasons to gamble.

Using any type of gambling to fill a void in ones personal life, something which it cannot do, is the type of gambling that can lead to devastating consequences.

If you’ve ever been in a casino, there is one thing you’ve probably noticed more than anything else… that one thing is seeing people lose money. This happens because the amateur gambler enters into this competition without a basic knowledge of the odds of the games, a playing strategy or even a thought to proper money management. It’s a careless way to handle ones money and does little to change the inevitable outcome.

Casinos love this type of gambler and spend a fortune attracting their business. With the odds squarely in their favor, the casino operators know that even though there are highly effective methods of playing that can shift those odds to the player, very few of them will invest the time or effort to use them.

Common sense tells us that if everyone that gambles in casinos lost, they would cease to exist. In order to attract losers you must have winners and it is just as easy to win at many casino games as it is to lose.

I do not write for the weekend gamblers who are looking desperately to have a good time at any cost. Winning is not even in their vocabulary. They consider the possibility of winning to be remote as if being left completely to chance.

It is the individual who is determined to win at any cost that I feel are most like myself. It is to these individuals that I offer the following. There does exist many ways to achieve your goal. Resolve that you will learn everything you have to in order to win consistently when risking your hard earned money gambling in casinos. To me, nothing else makes sense.

In the words of the ancient Taoist, Lao Tse

“Fortune favors the prepared.”

Overview of Online Casino Software

The most common form of the online casino is obtaining downloadable software usually for free once the gambler surfs to any online casino on the internet. In fact, many sites offer the download as an automatic process to encourage gamblers to play for fun or money, besides bonuses and other incentives.

An online casino offers as the main advantage, to allow you to take the gambling room to the comfort of your home by just installing the software that connects to the online casino service, which handles all contact without any browser support. This makes any game easy and faster to play. Audio, video and graphics reside inside the application and there you will not have any waiting time for the games to load as you do when you are playing through the web browser.

Downloadable software offered by an online casino may include a single game or a number of popular games including poker, video poker, blackjack, baccarat, slot machines, roulette, and craps, among the most popular casino games, also available outside many land-based casinos where they are playable on simulation machines.

As soon as the first online casinos started to operate, online casino software began its development. One of the first companies producing casino games was Random Logic, founded in 1996 and currently licensing its software consisting of 6 video poker games, 5 progressive jackpots and 15 new slots, to Cassava Enterprises with exclusive rights.

This company also implements and develops online transaction processing systems and other tools for tracking and analyzing internet-marketing campaigns, including but not limited to the gambling industry. This is another branch of online casino software for gamblers seeking to analyze their chances to win.

Casino software generally provides a predictable long-term advantage to the house, but offering the gambler possibilities of a large short-term payout. The advantage of online casino software is the way gamblers get an illusion of control with the given choices, although such choices do not eliminate the long-term disadvantage risk, or in other words the house advantage.

Some gambling companies are developers of their own software, for example, CTXM a software company with roots in the Insurance financial area and owner of gaming related domains operating since 1997. CTXM not only develops internet payment systems for several of the biggest online gaming companies but also online casino software including sportsbooks, race books, and casino platforms, system maintenance and other projects including security consulting and game application development with a Microsoft Xbox Division.

At the present, the gambling industry has listed a large number of online casino software developers including companies like Dynamite Idea, WagerLogic, NetEnt, Sunfish, Digital Gaming Solutions, Parlay Entertainment, Gamesys, Dobrosoft, IGW Software, Eclipse Gaming, Boss Media, IQ-Ludorum, SkillJam Technologies Corporation, World Gaming, Ongame, vsGaming, RealTime Gaming, Chartwell Technology, Microgaming, Orbis Technology, Finsoft, Wirex and Electracade just to name a few.

Addiction, The Silent Killer

The word “addiction” is derived from a Latin term for “enslaved by” or “bound to.” Anyone who has struggled to overcome an addiction or has tried to help someone else to do so understands why.

Addiction exerts a long and powerful influence on the brain that manifests in three distinct ways: craving for the object of addiction, loss of control over its use, and continuing involvement with it despite adverse consequences.

Addiction is a condition that results when a person ingests a substance (e.g., alcohol, cocaine, nicotine) or engages in an activity (e.g., gambling, sex, shopping) that can be pleasurable, but the continued use/act of which becomes compulsive and interferes with ordinary life responsibilities, such as work, relationships, or health. Users may not be aware that their behavior is out of control and causing problems for themselves and others.

The word addiction is used in several different ways. One definition describes physical addiction. This is a biological state in which the body adapts to the presence of a drug so that drug no longer has the same effect, otherwise known as a tolerance. Another form of physical addiction is the phenomenon of overreaction by the brain to drugs (or to cues associated with the drugs). An alcoholic walking into a bar, for instance, will feel an extra pull to have a drink because of these cues.

People with an addiction do not have control over what they are doing, taking or using. Their addiction may reach a point at which it is harmful.

Addictions do not only include physical things we consume, such as drugs or alcohol, but may include virtually anything, such abstract things as gambling to seemingly harmless products, such as chocolate – in other words, addiction may refer to a substance dependence (e.g. drug addiction) or behavioral addiction (e.g. gambling addiction).

However, most addictive behavior is not related to either physical tolerance or exposure to cues. People compulsively use drugs, gamble, or shop nearly always in reaction to being emotionally stressed, whether or not they have a physical addiction. Since these psychologically based addictions are not based on drug or brain effects, they can account for why people frequently switch addictive actions from one drug to a completely different kind of drug, or even to a non-drug behavior.

Addiction, often referred to as dependency often leads to tolerance – the addicted person needs larger and more regular amounts of whatever they are addicted to in order to receive the same effect. Often, the initial reward is no longer felt, and the addiction continues because withdrawal is so unpleasant.

When referring to any kind of addiction, it is important to recognize that its cause is not simply a search for pleasure and that addiction has nothing to do with one’s morality or strength of character.

Experts debate whether addiction is a “disease” or a true mental illness, whether drug dependence and addiction mean the same thing, and many other aspects of addiction. Such debates are not likely to be resolved soon.