Blog Posts Posted February 2015

Five Common Blackjack Myths

New players who love the game of blackjack and wish to start playing online will first have to overcome the popular myths surrounding the game. There are many misconceptions about the game of blackjack and those that fall prey to these will often find that they lose regularly when playing real money games. By learning the truth about blackjack games, players can select games that offer the best odds and learn how and when to place bets to become a successful player.

A common myth is that the dealer always has a 10 hole card. If players believe this myth, they would almost always stand and then lose when the hole card is revealed as a lower card. The truth is that in most cases, the hold card is usually something other than a 10. Since only a third of the cards in a deck have a 10 value, the chances of this always being the hole card is not true at all.

Many players have the false conception that the longer they are in a losing streak, the more likely they are to win the next hand. Many players feel this way and think they will have a good chance at winning after they have lost multiple hands in a row. In fact, there is no guarantee that players will win a hand at any time, including following a hot or cold streak. Based on this myth, many players will increase their bet amounts thinking they are due for a win. All this does is deplete the bankroll and make it quite impossible to win back any losses. When playing blackjack, every player has a 48% chance of winning, with the exclusion of tie hands.

Progressive betting strategies are commonly used by players and they believe that they can result in wins that will cover all previous losses. This can be true in some cases, but there is no proof that the outcome of any hand will influence the outcome of a future hand. The amount that is bet will not alter the fact that players always have a 48% chance of winning. In addition, progressive betting will quickly deplete the bankroll and may even stop players from betting if they reach the table maximum amount.

There are so many myths surrounding blackjack games but with some time and research, players can uncover the truth and see that playing and winning is more about luck and the use of basic strategies.

Top Tips for Binary Options Trading

With so many people investing online, the binary options market has exploded and offers an amazing opportunity to generate streams of income from short term trades online. After taking the time to learn as much about binary options as possible, new traders will be eager to begin their trading and start making returns on their investments. Here are a few tips that will help any trader get a foot in the door and start on a successful road to being a great trader.

The first thing to do is take time to review and choose a broker. Binary options are all or nothing options because traders will either profit or lose their investment. When it comes to choosing the right broker, traders will have to take time to compare what is being offered. Many brokers will be able to afford to pay a client up to 75% of the initial investment and some will offer a 15% rebate for an investment that expires out of the money. When looking for a broker, try to find on that does offer these rebates as it is a way to get some of the investment back and not lose everything.

Trading in short term is another great tip that can be useful for those that are just starting. There will be several expiration periods that are offered by a broker and these can be short or long term. For those that are looking to make fast profits, the best way to do this is to select short term contracts, especially those that expire within an hour. This way, traders will not tie up capital for a long period of time and will be able to use that money for other investments. Another benefit of this is that the prices of the assets are locked in 15 minutes before they expire. This means that using hourly contracts will offer a better chance of predicting the right movement of price.

A final tip is to read the news. The value of assets will depend on many different factors. In order to predict the movement, one will have to be aware of current events as well as previous prices. New headlines can be a great source for short term traders and will prove to be a useful tool that can result in profits.