Live Casino Reviews

Live Casino Bonuses, Best online live casino uk - If you're confused about how each is different from the other, you need not be because they are similar in almost every way; except for the simple fact that the European roulette has a single zero (0) while the American roulette has a double zero(00). These games are done in the same manner despite the one difference they have. They also follow the same rules except for the fact that the odds or house advantages are different (2. 7 for the European roulette and 5.

Best Online Live Casino Uk

Some might counter that with investing the money is put to productive use and that in gambling it is simply put at risk using some randomizing mechanism (cards, a wheel, dice), but I really don't think that's the most important distinction to the risk taker as both instances involve equally uncertain outcomes regardless of the mechanism. To a would be investor there is a very important distinction to be made Best online live casino uk you absolutely can use the stock market or other investment vehicles exactly like a gambler uses a casino. This runs you into the hard reality that like anyone that gambles against a casino long enough, if you do this you will lose money over time.

Not probably, Best online live casino uk with the near certainty of a statistical law. It is also easy to accidentally go from being an investor to being a gambler if you are not conscious of the difference, and this is something every investor needs to guard against, especially when first learning finance. I believe the difference comes down to expected return. If Best online live casino uk have a negative expected return, you're gambling. If you have a known positive expected return, you will make money, the odds are in your favor, with enough trials (time) you can predict your profits with reasonable accuracy and precision, and you are investing.

Investing can reliably be part of a plan for achieving goals like how to retire, gambling cannot. The expected return of an investment or a bet is the risk adjusted return. So for example, if you bet 1 on the flip of a coin and you will lose your dollar if you get it wrong (50) or win a dollar if you get it right (50) your expected return is zero or (. 5(1))(. 5(-1)). If you make this bet a few times, you may come out ahead or lose. If you make this bet 1000 times it is staggeringly likely that you will be very very close to even when all is said and done. Now change the above scenario slightly. Say you have a magic coin that has a 10 chance of landing on it's side, and when this happens you lose. Now you have an expected return per flip of -10 cents.

Again, if you make this bet a few times, you may come out ahead or lose. If you make this bet 1000 times it is staggeringly likely that you will be very very close to Best online live casino uk lost a total Best online live casino uk 10. Every single bet in a Casino where you bet against the house (a game like Poker which is against other players and has an element of skill can have a positive expected return, which is why some people can consistently make money at it) has a negative expected return.

If you put money down with a negative expected return, by my definition I'd say you are gambling not investing. This is also why casino are NOT gambling when they allow you to play against them. Like a casino, some investing behaviors have a negative expected return. Over time "playing" futures, options, shorting the market and frequent stock trading all have negative expected returns. This is due to bidask spreads, expenses and fees and tax implications, the same things that cause actively traded mutual funds to typically under-perform the market.

For a more detailed discussion of this reality there is an excellent book by Burton Malkiel called A Random Walk Down Wall Street that is an essential read for anyone interested in investing vs. gambling. The problem is that the return on investments with a positive expected return tends to be modest. For example the real return on the stock market overall after inflation and over long periods of time has run in the 4 to 5 per year range (compounded and with much higher volatility in the short term) before taxes pretty much since the start of it.

The investor that becomes a gambler usually does so trying to exceed these return rates substantially by capitalizing on short term volatility. looking to multiply their money quickly rather than grow it consistently over time. And often they do. At least for a while. There is also a completely indefensible assumption in our society that brains and savvy can overcome the odds and that people can be investing geniuses, lending a prestige and Best online live casino uk boost to the successful "stock market gambler" that the craps winner lacks. So what does this tell us. If you select a diversified portfolio (equities, bonds and real estate and a diverse mix of each balanced to achieve the degree of volatility you can tolerate and the corresponding expected returns) of investments in such a manner as to minimize expenses and hold it over time looking for real returns (after inflation) in the 3 to 4 per year range, you are probably investing and are likely to achieve your goals.

If you think you can dramatically improve on these results by trading more frequently or engaging in more exotic strategies (much like a gambler with "a system"), you have probably and perhaps inadvertently becomes a gambler and gamblers are almost certain to lose if they play long enough. These geniuses perhaps do exist. They have PHds in Math and Physics, access to extremely powerful computers and they excel at writing sophisticated programs on these computers to execute trades automatically, work in buildings directly adjacent to major exchanges and pay to have their transactions executed faster than yours or mine.

They also have privileged access to people with in depth expertise in various pertinent industries and specific companies. If this describes you, please disregard everything I wrote. Visit and try our Budget Driven Forecast Centered Personal Financial Planning Software. We offer easy to use, secure cloud-based software that lets you Budget in the context of a living, visual Lifetime Viability Forecast. Enjoy the peace of mind that comes with knowing that all of your financial decisions today Best online live casino uk part of a sound plan for the future.

Keep Your Home Budget Or Budget Spreadsheet From Floundering in the Wake of an Un-Attended Checkbook Getting Your Finances Straight - 5 Reasons to Set a Personal Home Budget Does Your Home Budget Or Budget Spreadsheet Fight Against Your LTG Achievements in Life. Using a Budget Calculator for Financial Planning Financial Planning - Is Your Budgeting Allowing You to Thrive. Home Inventory - A Piece of Your Financial Planning Budgeting Tips - Paying Off Debts to Save Money Budget Tips - Things You Can Do at Home to Save Money Why Budget.

The First Step to Wealth Management and Financial Freedom Tracking Your Monthly Expenses - Effective Best online live casino uk and Budget Tracking For Your Home Do you love the excitement of an intense game of bingo, but don't like looking at other peoples bingo wings every time they win the jackpot. Would you rather find somewhere else where you can relax and win a jackpot or two. If this sounds like you, you can start playing quick games like scratch cards but if you love the long bingo game then online bingo is the perfect solution.


Review Date:
Reviewed Item: Best Online Live Casino Uk
Author Rating: 9/10 starstarstarstarstar