Wednesday, October 16, 2013

Some risky (but fun) ways to make money

There are lots of ways to make money that seem risky, but have great rewards. The best part of these methods is the fun involved in making the money. Here they are:

High Odds Casino Games:
Blackjack has by far the best odds of any casino game. For those of you that don't know, the goal is to hit 21 with your cards, or to have a higher score than the dealer (as long as you have over 21). If you (or the dealer) have over 21, it is a bust, and that person loses. Here's the tricks though- blackjack dealers HAVE to hit on 16, and  HAVE to stay on 18 meaning they are more likely to bust or be short, giving the casino only a 1% advantage over the player. Then if you watch how many face cards have been played (or low number cards) you can easily determine your chances of what card will come next. With the right skill and calculations you can have a 1-2% advantage over the dealer, making you win good money.


Playing the Stock Market:
The stock market can be risky, but the rewards are great. The best thing about it is that anyone can invest in the stock market using sites like etrade and scotttrade. The goal in the stock market is to buy stocks WHILE they are going down, and sell them WHILE they are going up. Most people let emotion get in the way, and end up panicking and therefore selling while it is going down, or thinking something is trendy and buying while it is going up- they lose money. If you do enough research into a stock that you like and follow the trends of that stock long enough, you can often double your money. Perhaps start with buying a company that owns a brand that is becoming popular... it may be your key to riches.