Category Archives: Education

What tips would you give someone starting a betting business to beat the bookies?

If you want to succeed as a better then you have to understand that you aren’t trying to beat the bookies. What you’re trying to do is outwit the public opinion. The bookmaker is nothing more than a broker. Betters aren’t fighting the house, but the other customers making bets with their bookie. A pointspread is put together to ensure that both sides get plenty of action, not predicting the outcome of an event.

Money Management

You also need to have mastered money management. This is something that is just as important as making accurate predictions. You shouldn’t make a large bet in order to make your money back after a bad day, or try and earn more than you deserve. You should never bet more than 2% of the money you start out with, and bets should be kept flat. A successful better is one that rarely alters the size of their bets. This is a piece of advice that will never steer you wrong. Let’s say you had $1,000 in total to bet with; that means you should never bet more than 2% of that amount ($20) with each bet. You should also avoid changing the size of your bet. Keep betting just $20 until you’ve built up $1,500 or lost $500, at which point you can shift the bet to 2% of the new total.

Business Management

If you want to be successful at running a betting business, you have to treat it like any other kind of business. Your cash is the inventory for your business. Running out of cash means being out of business. They say that you should never bet with your rent money, and this is an accurate way to look at things. On the other hand, those who gamble for a living should never be paying their rent with their gambling money. It’s money for your business after all. A businessman would never use company money for personal expenses.

Do Your Research

If you’re seriously considering being serious about your betting, then you owe it to yourself to study and read up on the matter by reading the experts. Make sure that you understand the betting platforms you are using. There are also learning resources to take advantage of. At the very least you need to Education of a Sports Better by Bob McCune. It helps to learn more about the casino you’ll be betting with as well. If you’re using Bet365 for example, then read through this Bet365 guide.

Every successful business owner and investor is propped up by advisors, and a better is no different. If you want to be a consistently successful better, then you should consult a legitimate handicapping service. There are plenty of professional handicapping services that have been around for a long time. So do yourself a favor and look them up.

Risk Management

If you’re looking for long-term successful gambling, then you also need to be able to tolerate risk. You can get a guarantee with that appliance in your kitchen, but you’ll never get one with gambling. Always remember to avoid betting more than you can afford to lose.

Is it illegal to be a bookie?

It feels like illegal bookies are popping up all the time. The stories get more prevalent during football season, and illegal betting is a major problem with events like the Superbowl, but it raises the very interesting question of “is it illegal to be a bookie?” Unfortunately, this is not an easy question to answer because there are some factors that can affect it. Let’s take a closer look.

Location

So you’ve given it a lot of thought and decided you want to be a bookie. The first thing to consider is your location. Location is a major issue when you’re considering becoming a bookmaker. The fact of the matter is that gambling is illegal in most states. One of the few states where it isn’t illegal is Nevada because of Las Vegas. More places are opening up to the idea of legalising gambling, but it’s still impossible to legally become a bookie in several states. Make sure that you read up on the gambling laws of your state. If you hear about an illegal bookie there’s a good chance they operated out of a state where gambling is illegal.

Licenses

Even if you live in a state where gambling is legal and it’s possible to become a bookie legally, you still can’t start taking bets and hoping for the best. The reality is that you still need to get some licenses. Just like you would need a license to sell beer, you would need one to take bets. The licenses you need, and indeed the cost and process of acquiring these licenses, can also depend on the state you live in. If you haven’t worked it out by now, it takes a fair bit of research and paperwork to become a legal bookie in your state. Even being a gambler can take doing a little research, like reading through a Betfair guide.

Regulations

Gambling is a highly regulated industry. As a legal bookmaker you would be expected to file several forms. You may find it easier to have a lawyer on staff who can take care of all of this far you and stay on top of the legalities. Even a legal bookmaker can take illegal bets as well. Make sure that you only take bets from people within your state. This is why online gambling is such an issue in the United States. Some states have come together to combine their player pools and it’s okay to take players from a wider gambling pool, but these agreements only apply to certain states and even certain games. It depends entirely on the kind of bets you take and the area you service.

Summary

The question of whether it’s illegal to be a bookie or not depends entirely on a range of factors. The biggest one is your location. Different states have their own gambling regulation and licensing laws. Do a little research to learn more. Then you need to stay on top of fees and other regulations, meaning you might need a lawyer. You may find that being a bookie just isn’t worth the hassle, even if it’s legal where you live.

Three Non-Law Related Skills It Is Good to Have If You Want to Start Your Own Law Firm

If you have been working as a legal practitioner for a while and feel that the next step in your career is to open up your own law firm, it can be a prospect that is both exciting and a little daunting. While you may have a lot of confidence in your abilities as a lawyer, starting a successful law firm requires a lot of additional things on the business side that you may not have had a lot of exposure to in your career to date.

Happily, there are lots of resources that can help you learn and gain these skills, as well as companies like Lawbiz who specialize in the business side of law firms and help you run a law firm more effectively. But, where should you focus your efforts to get the best skills to help your new law firm thrive?

Financial Management

One of the key parts of managing any kind of business is the financial side. Having the ability to set a budget, manage your cash flow and account for your overheads, as well as set your pricing and payment schedules, is absolutely essential to business success. While you can hire a professional accountant to deal with things like taxes, when it comes to your business strategy and the day to day running of your finances – for instance deciding whether or not to invest in new software or hire more people – you’re a lot better off if you’ve picked up these skills.

Marketing

Every business needs to promote itself, especially at the start when they need to win their first customers or clients. For a new law firm, this is crucial. Knowing about marketing strategies and how to best use different styles of advertising can help you launch your new firm successfully and win business from your target market. Social media, traditional media, and your website’s SEO all play a part in this, so learning about these fields can give you a real boon.

Human Resources

A final good skill set to work on is HR. As the owner of the law firm, you will need to be able to effectively hire people, manage things like appraisals and benefits packages, and all of the other things that come along with being a boss. If your team becomes large enough, you may want to hire an HR specialist to cover these things. However, even then you will need good management skills when it comes to people. If you have already been in a managerial or supervisory role in your current firm, this may help, but you may still need to learn some things about other related areas such as recruitment and interviewing.

These skills, on top of what you already have behind you as someone who knows the legal industry and your own legal niche, should enable you to build an effective and successful law firm and run it without too many surprises.

How to Start a Non-Profit Organization

If you want to help others or serve a collective public need, you may have considered starting your own non-profit. You may already have a goal in mind, or your ideas might still be in the brainstorming stage. Either way, you’ll need to do your research and make sure your organization meets the requirements of your state.

You can start a non-profit even if you don’t have experience of running a business, providing you take the necessary registration steps and can pull in the funds to support your idea. With that in mind, here are eight tips for starting a self-sustaining non-profit organization.

Recruit

You can’t start a non-profit on your own. Even if you’re the only director, you still need to enlist the expertise of accountants and lawyers to make sure you’re operating legally and sustainably. Better yet, start recruiting and accepting help from the get-go. You’re more likely to achieve your mission with the help of others.

Get Educated

Enrolling in an online Nonprofit Management MBA will teach you all the unique aspects of managing a non-profit organization, including management, finance and marketing. Running a non-profit is much like running a business in many respects, but there are specific nuances you should be aware of.

Decide on Your Mission Statement

The aim of a non-profit is usually to help people without financial reward. Before you launch your organization, you need to decide what problems it will address. How will your non-profit make a difference in the community? Be specific about your demographic and decide on your unique ethics and values.

Choose a Name

Once you’ve decided on your mission statement, you need to choose a name for your organization that demonstrates your values and appeals to your key demographic. Check with the state that your name is available, and buy the domain name so you can start working on your online presence.

Check out the Competition

Although you won’t be profiting from your venture, you still need to assess your competition. Are other organizations in your community already addressing the public need? If so, your non-profit is unlikely to be sustainable.

Appoint Directors

You’ll need to choose your board of directors, which should consist of three to six members. It’s important to do this early on so that your founding board members are in place for the process of incorporation.

Hire an Attorney

An attorney will help you file your paperwork and understand the legal side of starting a non-profit. You’ll need to file your Articles of Incorporation and register for non-profit status. There will be fees associated with this process and plenty of paperwork, so it’s a good idea to seek expert legal advice.

Hire an Accountant

Financial filings for non-profit organizations are highly regulated, so it’s a good idea to use an approved accounting system or hire an accountant if your budget allows.

An accountant will make you aware of federal and state tax regulations and take care of your filings, so you have more time to run your non-profit.

There you have it: eight steps to starting your own non-profit organization. If you have an idea that could make a difference to your community, don’t let fear hold you back. Believe in yourself and your mission statement, and most importantly, don’t try to go it alone.

 

 

 

4 Great Ways Virtual Reality is Used

In 1935, American writer Stanley G Weinbaum wrote a short story called ‘Pymalion’s Spectacles,’ and in it he speculated that ‘Suppose I make it so that you are in the story, you speak to the shadows, and the shadows reply, and instead of being on a screen, the story is all about you, and you are in it’. Little did he know, but he had just predicted virtual reality (VR). Since then, there have been years of experimentation which have culminated in VR as we currently know it, and it is used across a broad spectrum of industries.

Entertainment and Leisure

Gaming has long used technology to heighten the user experience; you are able to simulate baseball games and recruit players such as the all-time greatest Texas Ranger Ivan Rodriguez into your winning team, and now other forms of entertainment are using technology to provide a greater experience. Theater audiences have moved on from 3D and can now be fully immersed into the movie and its surrounding imagery and special effects. No matter what experience floats your boat, there is a virtual app to transport you. If you are unable to get to a concert or a performance, you can download the experience and watch it from the comfort of your own home – just without the hustle and bustle of the other fans.

Healthcare

The healthcare industry uses virtual reality for diagnosis and treatment, and software can be used to construct 3D images of a patient’s body to help surgeons seek a solution to the presenting problem. The benefit of using VR for surgery is that surgeons are able to consider all the options available to them in a way that does not inflict harm on the patient; they can practice difficult procedures so that risk to the patient is reduced. Virtual reality is also used as a tool for rehabilitation to regain cognitive function for those patients who have suffered a brain injury or stroke, and it enables healthcare practitioners to accurately assess the results of exercises in a way that traditional therapies cannot be.

Education

What better way is there to educate young people about the perils of dangerous driving than by making them experience it for themselves. Toyota has developed an app called Teendrive365 that educates teens about keeping safe on the road. Virtual reality can be used to bring culture to life, and museums are starting to use it so that people can experience their collections ‘first’ hand. New York’s American Museum of Natural History and London’s British Museum have made some of their collections accessible online which is a wonderful resource for us all.

Wellbeing

With life being so fast-paced and frenetic, virtual reality is a solution that can be an ideal therapeutic tool to immerse the user into a realm of relaxation and meditation to reduce feelings of stress and anxiety. For sufferers of PTSD and phobic disorders, VR can provide an environment that is safe and controlled to expose and acclimatize sufferers to the things that they fear in a measured and rehabilitative way.

Your MBA Degree Is Waiting for You Online

It is amazing how far online education has come in just a few years. Today, an online MBA is the most popular course among students who are looking to get a master’s degree. The increase in popularity is due to a number of things. First of all, universities such as Ohio University are making their accredited MBA programs available to more students than ever. There are more than 300 accredited courses to choose from in the US alone.

The demand for MBA graduates is also higher than ever. As companies expand in an attempt to keep up with market growth, new managerial positions are being made available too. Since an online MBA degree can be completed in as little as 12 to 15 months, you will have plenty of jobs – and opportunities to push your career forward – by the time you earn your MBA online.

Ohio University Online

The Rise of Online MBA Education infographic was brought to you from http://onlinemasters.ohio.edu/.