Treating gambling income as savings
Me--retired from corporate world now supplementing income and savings through gambling.
I have divided my gambling portfolio into two separate and distinct areas. Income and Savings. This post will relate to savings. Income is just that---win then withdraw a set amount of $ each month to supplement income.
Savings---Just like a savings account except funded from gambling winnings.
I don't believe many people view their gambling as a method to save money. But think about it for a minute. It may seem mundane but if you start the year with a casino investment of lets say $100 and add 1 dollar a day to your account through winnings (this is not difficult if playing craps or roulette--red/black or odd/even) your investment will grow from $100 to $465 after a year a whopping 356% increase. Compare that with your average savings account rate of 5% per year if you can even get that these days.
Just be careful of taking bonus matches(intenet gambling) because although it's free dollars it's a fixed amount and reduces your percentage if you are unwilling to incrase your daily contribution. Also be careful with matches of the required play through amount. You may be deceased before you are able to meet the play through requirement.
Best of Luck
Tom B
Quote: zippedupTom from Atlanta here
Me--retired from corporate world now supplementing income and savings through gambling.
I have divided my gambling portfolio into two separate and distinct areas. Income and Savings. This post will relate to savings. Income is just that---win then withdraw a set amount of $ each month to supplement income.
Savings---Just like a savings account except funded from gambling winnings.
I don't believe many people view their gambling as a method to save money. But think about it for a minute. It may seem mundane but if you start the year with a casino investment of lets say $100 and add 1 dollar a day to your account through winnings (this is not difficult if playing craps or roulette--red/black or odd/even) your investment will grow from $100 to $465 after a year a whopping 356% increase. Compare that with your average savings account rate of 5% per year if you can even get that these days.
Just be careful of taking bonus matches(intenet gambling) because although it's free dollars it's a fixed amount and reduces your percentage if you are unwilling to incrase your daily contribution. Also be careful with matches of the required play through amount. You may be deceased before you are able to meet the play through requirement.
Best of Luck
Tom B
I am new at this, can anyone tell me which online casinos are good? I know the basics very well but need recomendation on the online sites, thanks
I know most but not all of them. There are many that I got rid of for a variety or reasons. I currently gamble daily at roughly 10 plus two additional poker sites. Here is a list of the ones I feel are excellent in both the software they use and their customer service as well as honesty
Millionaire casino
English Harbour casino
Super Slots casino
Those above are all part of the English Harbour group They have a great vip program(you accrue points each time you bet that can be used for gifts or cash or free entry to tournaments. Also no hassle getting your money cashed out when you want it at all three. Very British and very fun.
I would try one of these first. They take most credit cards for deposits.
There is a new one called Golden Arches Casino and their bonuses are very good for new players. At least 200% match on your first deposit up to 600. Meaning deposit 150 and you get 450 in chips to play with.
For poker playing against others I use Bodog poker site or Odds Maker You can also sports bet on those sites.
Hope this helps
Tommy B
