The Truth Behind The Limits – What Minimum and Maximum Bets Are About

Have you ever thought about the reason behind the existence of minimum and maximum bets? The truth is simple: casinos want your money. As simple as that. So they restrict your possibilities to win.

It was in 1654 that Antoine Chevalier de Mere asked Pascal why he usually lost when he bet even money that are double, 6 would show up at least once in 24 rolls of two dice. Pascal demonstrated that 24 rolls would be against the gambler, but 25 rolls would be slightly in his favor.

Pascal solved the question, and sent the solution to Pierre Fermat and Christian Huygens. The science known as Probability Theory was born. Up to then gambling odds were found by trial and error. Pascal, however, was able to calculate the odds of chance in a scientific way.

But if one knows the odds he can find the way to trick them. Since that time people also began developing the schemes to beat the system. A good deal of the systems is build around increasing each consecutive bet as anticipation of winning grows, known as martingale systems. So gambling establishment elaborated a simple method shut out a game transformation in to jump with bets, where a resource-sufficient player was practically “doomed” on winning. Maximum bet has its limits.

In any world casino each table, be that roulette, blackjack or poker, features signs clearly defining minimum and maximum rate of bets on a given table. A difference between them can be in 10, 30 or even in 100 times. But nowhere to you will be allowed to multiply your bets without restriction.

Please pay attention, that the very existence of maximum bet limits proves that a system, founded on bets augmentation principle, threatens the success of the casino. Take any table in regular or even on-line casino. For example the one, on which minimum bet is $25, and maximum one is $1000. Why do you think you are not allowed to bet more than $1000 at once? Do you believe they won’t have money to pay out? Or do they fear, that you will win and take your money home? But in VIP-halls of the same casino you can make a bet of $2000 or even $10000! And if you have specially requests you try negotiating with the administration to satisfy them. Most casinos have more than enough resources to meet any bet of yours.

The deal is about the correlation of maximum and minimum bets. So, in case the maximum is set at a $10000, the minimum bet will rarely be less than $250. The idea is to limit your double bets to certain number of times depending on the game. Usually you want be able to double more than 5 times. Otherwise your odd of winning become impermissible high.

In the Eighteenth century, Jacomo Casanova hit upon a method to win at gambling. Each time he lost, he would redouble his bet until he won. In letters he wrote to the friends, he discusses how his martingale system would guarantee his win every time. And mere two days later, he wrote a letter from prison. The scheme had failed — and series of losses overcame his funds, and he was now in debt. In 1755, after suffering ruinous gambling losses and participating in various illegitimate dealings, Casanova was denounced by the Venetian State Inquisitors and imprisoned beneath the lead roofs of the Venetian Ducal Palace, in place known as the “Leads”.

The Day I Decided To Stop Gambling With Gamblers Anonymous

Everything was going perfect for me in life. Good job, good home, good life and good friends. Until one day some friends asked if I wanted to go to the casino. By the time I realized it, three years of my life were gone and I was in debt. It was time to quit.

The day I decided to stop gambling I was depressed and relieved at the same time. I couldn’t go on any longer. I thought all my hopes and dreams were shattered. I couldn’t tell anybody what I was going through. I was afraid that they would be disappointed in me. I remember the first day. I was nervous and anxious. I had a hard time focusing at work. This was not my first time trying to quit. I was sure I really wanted to quit, but wasn’t sure if I could quit.

The day I decided to quit I had no where to turn. I found it was difficult to talk to my family and friends about my problem. I began to do research and found Gamblers Anonymous. I wanted to give Gamblers Anonymous a try. I happened to have met a lot of nice people there. They welcomed me into the group and made me feel comfortable. I had tears coming down my face and my anxiety kicked in. I was very quiet buy my emotions were running wild inside. I made it through my first meeting and was somewhat looking forward to the next one. As each week passed new members would join and others would disappear. This became a weekly event. Who was going to come back and who was going to stay?

I continued to go to my Gamblers Anonymous meeting on a weekly basis. I was always afraid some one would recognize me. The turn over was extraordinary. Each week as I entered the meeting my heart began to race until I was sure I didn’t know any of the new members. It was the tenth week and an old co-worker of mine walked through the doors. We hadn’t worked together for over ten years. I thought about leaving but I decided to stay and try and work it out. Unfortunately he did not keep the Gamblers Anonymous code. He had told a friend who told another friend until it got back to me. It was unfortunate, but I dealt with it and moved on.

I and others unfortunately had other situations occur that were not very positive for us at Gamblers Anonymous. I still thank them for putting me on the road to recovery. From the first time I entered Gamblers Anonymous and followed up with the website I Stopped Gambling So Can You http://www.istoppedgambling.com/

I believe I am on the road to recovery. I take one day at a time and allow myself the option to gamble or not to gamble. This helped me to take control of my life. By allowing myself to make the choice the amount of stress on me has been significantly reduced.

A month after I stopped going to Gamblers Anonymous meetings, I ran into one of the members. He was curious at how I was doing and asked me if I would be there next week? I told him I would try and make the meeting. I popped in a few times more to tell them how I was doing. They were all glad to see me, but I wasn’t in compliance with the rules of Gamblers Anonymous, so I decided not to go back. In this particular group I attended, they have rules that do not allow a member to comment during therapy if they did not attend four consecutive weekly meetings. I respected their rules but realized it was time to move on. I told the group and thanked them very much for putting me in the right direction and left.

After this experience I created a website that would allow people to be themselves as they recover. This site is also the closest to anonymous you can get. There you will also find a private stop gambling chat room and a self help manual to help gamblers stop compulsive gambling addiction. The website is I Stopped Gambling So Can You http://www.istoppedgambling.com/.

My experience from Gamblers Anonymous meetings to now has helped me to stop gambling. I stopped so can you!

Pay Off Debts: Perform Runa Vimochana Pooja

Runa Vimochana means Debt Clearance. The word “Runa” means Debts and “Vimochana” Runa Vimochana, Debt Clearance, Clear Your Debts, Stay Out of Debtmeans Removal. It is the astrologically significant timings to receive divine blessings to pay off debts and to be free from all kinds of debts forever.

Runa Vimochana Poojais performed to Lord Shiva to clear away all your financial liabilities. It’s a powerful ritual dedicated to Lord Shiva, which can play a great role in inducing you to take favorable decisions allowing you to live a tension free life without debts.

Debts are in fact horrendous to everyone, who has dealt with its intricacy. It is terrible when you have to think about, how you can pay off debts like car loans, bills, credit cards and other personal loans.

In dealing with debts and to pay off debts, the Sages or Siddhas of ancient times have given a whole hearted approach through Vedic Astrology. According to them, debts are of 3 types. They are routed to your life through money borrowed for spending more than what you could afford to earn or pay, balancing the losses through natural disasters like business losses or market recessions and debts which are accrued from gambling, drinking or illegitimate relationships.

Debt is Agonizing

The mental agony of people who suffer from being in debt is immortalized in verse by the great Tamil poet Kambar in his work “Kamba Ramayana” who describes the mental agony of the King Ravana at the verge of being defeated by Lord Rama. “Ravana’s agony was like people who suffer from debt.” The agony about debt represents the extreme physical or mental suffering and the final stages of a difficult or painful death.

Performing Runa Vimochana Pooja can:

• Protect you from neck deep debts

• Help you with the power to manage your debts efficiently

• Allow you to breathe a fresh debt free air.

Runa Vimochana Pooja is ideal for:

• Business People who are looking forward to pay off debts

• People who are facing impediments in their way of returning the borrowed debts

• People who want to live a prosperous life and for those who want to get rid of their karmic debts.

Performing Runa Vimochana Pooja will bestow you with a debt free life studded with wealth and prosperity. He blesses the needy to live a life that is free of hardships of debts and also protects his devotees from borrowing debts in the future and keeps them wealthy and prosperous thereafter.

Runa Vimochana Mantra to be chanted for Runa Vimochana Pooja is:

Vasishtenakrudam Stotram Sarka Roga

Nivaranam Sarvasampathkaram

Seekram Puthra Pouthraadi

Varthanam Sthreesanthyam Yaha

Hadenithyam Sa He

Savarkamavapnuyath

Small Business Debt Collection

Debt collection is important for all businesses, but it is much more important for small businesses.  A large business or corporation can better weather the ups and downs of economic cycles, because they have more financing options.  A small business on the other hand may not have as many options and one bad debt can send the company into bankruptcy.

It is extremely important that small businesses have an action plan for debt collection.  Without a written out plan, you are gambling with your business and its ability to stay out of bankruptcy.  Many businesses could have foregone bankruptcy during the financial crisis with a proper plan of action.

How do you decide what is the proper plan of action for collecting your old accounts receivables?  When is the time to start collecting and stop extending the terms?  This can depend on what type of business you have, but a general rule of thumb is the earlier you start, the better your chances of collecting the debt.  Take a look at the chart below to see the chances of collecting versus the age of the debt.

As you can see, the earlier you are to act, the better your chances for collecting the account.  The crucial time for debt collection is at 90 days past due.  The percentages drop by almost 25% and the debt becomes very hard to collect.

You should do all you can as a company to collect the debt before the 90 day mark, but make sure to turn the debt over for collections before the 90 day mark.  This will allow the collection agency to do their research and act on the debt before it gets to the 6 month time period.  It is very difficult to collect a debt if it goes past 6 months.  Most collection agencies will not waste their time with a debt this old.  It is hard for a collection agency to stay in business, because the odds of collecting are so low.

I wish you well in your small business affairs and I hope that you are able to collect all of your bad debts.  If there is one thing that you take from this article, make sure you act sooner than later, your business success might depend on it.