I spent a lot of time in casinos in my younger years.
"Are you a betting man Drebin?" "Only when I order out."
No I am not a gambler but I found the whole thing fascinating. The money, the action, the people, the business, the marketing, the attitude...I became a student that tried to understand all of it. Also if I could figure it out maybe I could make it pay...but that didn't happen.
One thing I did learn one night while watching some blackjack at Ceaser's Palace is that those playing at the $100 table where playing in exactly the same way as those that were playing at the $1 table at the Frontier down the street. In other words the game was the same, the rules were the same, the players were the same, the only difference was a matter of scale.
This was at a time when the 'morons that be' figured they could devalue the dollar and it would improve the balance of trade, but there was a lot more wrong that needed fixing before any meaningful change would happen on that front. We wanted the Japanese to buy a Chrysler or two but it was cheaper for them to buy the Chrysler building than the car...but that is another story for another time.
The point here is that if you want to win at blackjack you need to learn the rules, tips, tricks and strategies to win at blackjack. If that is your intent then spend whatever it takes while in the learning stage but by all means spend wisely until you have it figured out. Remember that the beginning player at the $1 table was learning the same lessons as the beginning player at the $100 table; the final bills for that education just had different totals at the end of the day.
Once you have it figured out then you move in and prove it. Once you have proved it then you scale up and reap the rewards of your efforts. If you try to do this out of order it can be vary costly both in time and resources and you might run out of one or both before you reach your goal.
For those that are interested in investing in stocks or commodities or whatever, it is often suggested to the student to begin by doing paper trading. This is where one goes through the motions of doing the activity in simulation mode first...act as if you are making the trade by recording a buy and sell on paper...no real money changing hands. You can measure you results positive and negative and determine if your skills are sufficient to make things work in the real world.
Once you are comfortable with your paper trading and the results on paper are giving you a pretty good idea that you are actually able to trade profitably then you get an account and do it for real but at an affordable level, this will validate your efforts. If your account grows, and not just from injections of fresh capital, then you have something that works for you and you can begin to scale up.
If it isn't working your results will tell you this to. If it isn't working it is time to stop and go back one step, figure out why, fix it or change it and try something different, then move forward again.
So the paid to click sites I referred to is a no cost, time only effort to step into a lesson plan that can help us learn how to make a buck, internet or otherwise. Just like the player sitting at the $1 table we can learn some of the lessons and principles that work no matter what level you are playing at. It is these lessons that I will try to address with future post.
As there isn't a great deal of followers to this blog at this point it might just be me teaching myself but if you are willing to tag along I hope you enjoy. A smart man learns from his mistakes while a wise man learns from the mistakes of others. With that said there are some lessons that can be learned from others but there are many lessons that can only be learned through doing. I can read all about running a marathon but until I actually run one I will never truly know. That is the reason to offer up the referrals I did.
By the way, I don't intend on running a marathon at the moment but you never know. This is Ed Nef with a
view from the Farrwest.
