Online Roulette – a game of chance?

roulette wheelAs I may have mentioned, I’m not a big gambler and previously I have stuck with blackjack at UK casino online as I feel like I have an impact on whether I win or not – after all I get to choose when to take a card and when to stick with what I have. However, thinking about it logically makes it clear that blackjack is still mostly luck, even though I feel like I have a little control over the outcome. A friend of mine plays roulette online and says there is a system if you are patient and stick to it, and you can guarantee a win. Really? I found this unlikely but heard him out and gave it a go.

The strategy

Some of you may have heard about this system before; start with a single pound (or stake unit of your choice), bet on red or black and away you go. If you lose then you double your bet and play again, continuing to double each time you lose until you win, at which point you return to the original stake unit and repeat. For each cycle of betting you will profit by your original stake. I did the maths, and this is indeed true, as long as you follow the rules religiously you will win your stake unit each time; great in theory as it sounds like a guaranteed way to win, but would it work in practice?

Playing the game

I decided to give it a go. Playing with a stake unit of one pound I placed it on red and span the wheel and I won. Great, a one pound profit quickly and easily. The next spin was not so great, I had to keep doubling up to 16 pounds before I got the win, and this gets a bit scary as it feels like a lot to risk for a single pound of profit; theoretically you would potentially need unlimited funds and be willing to risk a lot for a pound of profit, and I am not willing to do this so get quickly disillusioned with the theory and return to the blackjack table.

This is a fail safe way to make money in theory, but in practice it is not quite that straightforward; you can be up to the point of risking 16 pounds in just 5 losing spins, and each spin is totally independent so losing 5 times in a row does not make you any more likely to win the next spin. It is also possible that you will get to the maximum stake on a table and have to stop, which will lose you a whole lot in one go.

I wouldn’t say I’ll never play roulette again, but this guaranteed win strategy is too good to be true, as is the case with most failsafe gambling theories.

Take a gamble on Forex

Now stock trading is a gamble in reality, and so is the Forex market, but are there systems out there that can help you to choose the right trades to make?  I’ve had a look into it and it seems pretty straightforward, until you really look properly …

On the face of it, Forex trading is just buying and selling foreign currency, the same as you do at the foreign exchange when you go on holiday.  It’s easy, right?  Well, as it turns out, no.

Trading stocks and share can only be done when the relevant market is open, but with Forex you can trade at any time, although the weekends are generally excluded.  It is a very fast moving market and really not for the novice investor, but it is easy to learn with a demo account.  This lets you trade with theoretical money until you are happy with the real thing, which is a great way to try out this kind of investment.

The other way of getting help with Forex trading is to use a Forex robot.  These are computer programs that look for a predefined set of conditions and alert you when they occur, with the intention of predicting the way the market is moving and, therefore, when to buy and sell.  These robots don’t make the decisions for you; they just let you know when the conditions that you set are met, so you still need to decide on your own rules.

If you want to trade Forex then I recommend that you try out a robot and a demo account first.  This will give you an idea of how fast the market moves and how quickly you can lose (or gain) money before you risk the real thing.  Happy trading!

Gambling on the financial markets

Is day trading a form of gambling or is it a serious way to make money? That is a question I have yet to answer for myself. I signed up for a demo day trading account in October last year and traded on that for a couple of months. At the beginning of this year, I started trading with real money on a small scale.

My fortunes up until now have been mixed. I’ve made some money and I’ve lost some money. On the whole, I’m just about breaking even.

Professional traders tell me that to be breaking even at this stage is actually very good. They say that I have a good chance of becoming a profitable day trader in the long run.

On the other hand, I can’t really say that any of the technical indicators I have learned to use over the past few months are able to predict the market 100% correctly. To be honest, from my experience so far, I would say they can at best improve the probability of making a successful trade. They can never fully predict the future, however. There are simply too many variables at play here and it’s very difficult to assign a weight to each one of them.

I have also learned not to overdo things by using too many technical indicators at the same time. One will inevitably end up with conflicting signals, which is absolutely no good when you’re trying to make a decision. These days, I use only two indicators: the Ichimoku Kinko Hyo and Bollinger Bands. When both of these give the same signal, I will buy or sell, depending on the circumstances.

Coming back to the question of whether trading is a form of gambling, I would say it certainly contains elements of gambling. A single event such as a drought or a civil war can make all of your carefully calculated predictions useless. However, with the correct use of technical and fundamental indicators, I would say one at least has a much better chance of winning than they would playing the lottery.

Will I become a millionaire trader? Only time will tell.

Why I enjoy gambling online

Gambling over the internet can be a great way to spend some free time and make some cash in the process.  I’m not much of a casino goer – not because I don’t like them, but because with my busy lifestyle I rarely have the time.  I’ve been gambling online for quite a while now and have luckily managed to remain in credit.  Here are some of the reasons why I prefer to use casino websites.

First, I get to work around my own schedule.  When I use online casino websites, I can gamble in the early hours.  I often work during the daytime and spend my mornings or evenings partaking in sporting activities.  I know casinos are open during the night, but after a hard day’s work, the last thing I want to do is head out to town and have to worry about taxis back home.  With online casinos, I’m able to sit in bed and play my favourite games without having to think about anything else.

I also feel more in control.  When I gamble in a casino, I find it hard to feel in control of my own actions.  If I’m in a real casino, I’ll often find myself gambling just so I’ll be allowed to sit down.  This can cause my funds to very quickly drain.  When I gamble at home, I don’t have this issue.  There’s no pressure from dealers or staff to keep on spending.  I get to play at my own pace.

Lastly, and the most important reason why I enjoy online gambling is because of the vast selection of games that are available.  Online casinos have so much more selection than real casinos.  It’s great!  If you’re a card lover, you can play cards, and if you’re a slot lover, you can play slots.  And what’s better is that there are so many variants of each game!

I think online casinos are perfect for people who are just starting out learning the games and want to take it slow before heading to a real casino.  I’m sure if I had these options available to me when I was younger, I would have saved loads

Big win online!

It’s a well-known fact that I like to spend a bit of time playing the odds using online casinos. If I’ve got a few minutes to kill, or even a whole evening, I can fire up the laptop and enjoy playing for money straight away.

I enjoy playing online so much more than playing in a real casino. Most of the places in this country are complete dumps, and I like to have the time to consider my moves and play sensibly. It’s much easier to get carried away in a real casino and start losing money!

At home, with just my laptop, a bag of crisps and a couple of beers for company, I can be cold and calculating. This makes it much easier to win real money. I’m not going to go into details, but this week I did extremely well.

What’s my secret? Basically, I don’t stick to the same old websites. I find that by playing with a number of different companies, I can benefit from all kinds of special offers and have a far greater chance of winning.

I use websites such as Belle Rock Entertainment online casinos to compare the different offers and games available across the world wide web. The website is easy to use and points you directly to the best bonuses and casino jackpots available. There are also reviews of various sites, which provide peace of mind and are a simple way to avoid scammer websites.

This site is an invaluable part of my online gaming strategy. While I’m nowhere near good enough to give up the day job just yet, it’s nice to be able to earn a little extra money while having fun at the same time.