How to become a millionare? any on here want to let us know lol
30-11-2009, 12:46 PM
#41
Thats often not the case.
If you have a LOT of money, its very easy for it to dissapear in admin overheads, or for methods of investing it to become self defeating, buying shares is a good example.
If you have 100 quid, its relatively easy to make a few % on the stock market.
If you have 100 billion quid, its relatively hard to make a few % on the stock market.
The reason is that everytime you try and buy a share you are buying so many you influence the price, and likewise when you sell them!
If you have a LOT of money, its very easy for it to dissapear in admin overheads, or for methods of investing it to become self defeating, buying shares is a good example.
If you have 100 quid, its relatively easy to make a few % on the stock market.
If you have 100 billion quid, its relatively hard to make a few % on the stock market.
The reason is that everytime you try and buy a share you are buying so many you influence the price, and likewise when you sell them!
30-11-2009, 12:47 PM
#44
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Being rich is often a by product be being driven to achieve and being sucsessfull, it takes an eye for details and risk and all the rich people l have met (and trust me it is a hell of a lot) are very very quick thinkers, extremely sharp people, you have to provide something that others are not or the same for a better deal,
Look at the Candy brothers though they started with some inheritance and look were they are at now, and if l recall from a conversation it was started mid 90's
Not every body is cut out to be rich, and not everybody could manage the expectation that comes with it and responsibility, because needless to say if you are wealthy alot of people are dependent on you in one way or another
Mike
Look at the Candy brothers though they started with some inheritance and look were they are at now, and if l recall from a conversation it was started mid 90's
Not every body is cut out to be rich, and not everybody could manage the expectation that comes with it and responsibility, because needless to say if you are wealthy alot of people are dependent on you in one way or another
Mike
30-11-2009, 12:50 PM
#45
Absolutely!
Most footballers played football every hour of the day because they loved it, then made money as a side effect, same with F1 drivers or singers etc, sure some people sing or play football as a "way out of poverty" Im sure, but I suspect in most cases the ones motivated more by than than by an obession with what they are doing, are the ones less likely to succeed.
Same with business, I have a friend who is a millionare as a totally self made man, the way he made his money was entirely a by product of an obsession with nitrous oxide, he started his company to give him a means to get faster drag racing, making money was a side effect.
Most footballers played football every hour of the day because they loved it, then made money as a side effect, same with F1 drivers or singers etc, sure some people sing or play football as a "way out of poverty" Im sure, but I suspect in most cases the ones motivated more by than than by an obession with what they are doing, are the ones less likely to succeed.
Same with business, I have a friend who is a millionare as a totally self made man, the way he made his money was entirely a by product of an obsession with nitrous oxide, he started his company to give him a means to get faster drag racing, making money was a side effect.
30-11-2009, 12:52 PM
#46
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Thats often not the case.
If you have a LOT of money, its very easy for it to dissapear in admin overheads, or for methods of investing it to become self defeating, buying shares is a good example.
If you have 100 quid, its relatively easy to make a few % on the stock market.
If you have 100 billion quid, its relatively hard to make a few % on the stock market.
The reason is that everytime you try and buy a share you are buying so many you influence the price, and likewise when you sell them!
If you have a LOT of money, its very easy for it to dissapear in admin overheads, or for methods of investing it to become self defeating, buying shares is a good example.
If you have 100 quid, its relatively easy to make a few % on the stock market.
If you have 100 billion quid, its relatively hard to make a few % on the stock market.
The reason is that everytime you try and buy a share you are buying so many you influence the price, and likewise when you sell them!
If the decisions you make are right more often than they are wrong, you could trade using a spread betting account. With £1 million, the potential winnings would be huge amounts of cash. You could trade once a month and live off the proceeds.
30-11-2009, 12:56 PM
#48
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It's all about percentages at the end of the day. But obviously yours is an extreme example. You are going to make a far better living with £1 million than you would by trading £50k.
If the decisions you make are right more often than they are wrong, you could trade using a spread betting account. With £1 million, the potential winnings would be huge amounts of cash. You could trade once a month and live off the proceeds.
If the decisions you make are right more often than they are wrong, you could trade using a spread betting account. With £1 million, the potential winnings would be huge amounts of cash. You could trade once a month and live off the proceeds.
dont expect that week and thought he made muchMike
30-11-2009, 12:57 PM
#50
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Martingale systems like that DO work in theory, but in practice casinos tend to have a bet limit on the table, this means that unless you start with a very small bet, you may hit this limit, and at that point the system fails because you cannot keep doubling up.
I believe a lot of casinos will throw you out if you try and use a martingale system too.
I believe a lot of casinos will throw you out if you try and use a martingale system too.
The only way for the system to work is without a table limit, and having more gambling equity than the value of the house,
30-11-2009, 12:59 PM
#51
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That's true, but it's all psychological. There is a very small percentage of people who can keep their emotions out of trading. Those who can are the ones who make money in my opinion. A lot of people are just plain lazy too.
30-11-2009, 01:04 PM
#52
Too many posts.. I need a life!!
worked in a casino for about 4 years and I have seen many with supposed systems, never seen one work yet. I've seen alot of people lose big amounts on that double up technique, and as mentioned 0 will come up to spoil it or a run of about 20 red numbers in a row hitting the table limit.
I've learnt alot about all the usual games and people crying its fixed and ofcourse it is in a sense as the odds are already massively stacked in favour of the house lol.
Pon is pretty much spot on.
I've learnt alot about all the usual games and people crying its fixed and ofcourse it is in a sense as the odds are already massively stacked in favour of the house lol.
Pon is pretty much spot on.
30-11-2009, 01:08 PM
#53
I suspect you havent really understood how it works based on that comment.
Even if you had a 1 in 3 chance of winning, it would still work just fine, it would just spiral more quickly upto large sums, so your starting amount would have to be less.
The only way for the system to work is without a table limit, and having more gambling equity than the value of the house,
The problem is simply that the winnings will be small for the amount of time spent, and you would probably "win" more money with an evening job in mcdonalds
30-11-2009, 01:10 PM
#55
worked in a casino for about 4 years and I have seen many with supposed systems, never seen one work yet. I've seen alot of people lose big amounts on that double up technique, and as mentioned 0 will come up to spoil it or a run of about 20 red numbers in a row hitting the table limit.
30-11-2009, 01:17 PM
#58
Im sure there are books on the subject, but its a fairly simple thing to do anyway if you sit down and work it out.
A bad system for example, would be to have 3 numbers all the same, and then spend the 1000 pounds on combinations that all fit within those 3 numbers, as of course if those 3 numbers dont come up, you will not win the main prize on any line.
conversely, if they do come up though of course you would be likely to win many 4 number prizes too, as well as winning the 3 number prize on EVERY line.
so some people like doing it that way, even though it decreases their chance of winning the main prize
30-11-2009, 01:17 PM
#59
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It is a great movie
Mike
Oh Luca l once purchased £100's of scratch cards and won £1 so not the best way lol
30-11-2009, 01:19 PM
#60
Yes the assign a value to each card and the team come and go based on subtle hand signals then make a comment which to the other team member is a sign giving them the value of the table so far, they then know weather to play and how intense they should play,
It is a great movie
Mike
Oh Luca l once purchased £100's of scratch cards and won £1 so not the best way lol
It is a great movie
Mike
Oh Luca l once purchased £100's of scratch cards and won £1 so not the best way lol
30-11-2009, 01:22 PM
#62
PassionFord Post Whore!!
The other thing that people seem to have forgotten is that it is all relative,
To some rich could be making 50k a year to other that is just getting by, to a millionaire a billionaire is rich lol,
I have heard it said though that the first million is the hardest to make
Mike
To some rich could be making 50k a year to other that is just getting by, to a millionaire a billionaire is rich lol,
I have heard it said though that the first million is the hardest to make
Mike
30-11-2009, 01:23 PM
#63
Become a mercenary, Call yourself Soap Mctavish and go to afghanistan and be a gun for hire, drug and war lords will pay you to take out other factions, or you can go all out and wage a one man war and take back the millions and millions the the american CIA gave to buy off the war lords, trouble is you have to be very good lol
riiiiggggggggggghhhhhhhtttttttttt
so go out to afghan as a ex-army white british guy and try and get a job with the taliban
I know they are business men when it boils down to it but they are not that blind Plus it really wouldnt be big money.Even going to iraq as a PMC isnt that big money any more.
30-11-2009, 01:24 PM
#64
Risk taking will often make up for a lack of one or more of the other factors.
Spending your life savings on lottery tickets for example is the ultimate example of risk taking that potentially will turn you into a multi millionaire overnight, but like any risk "the value of your investment may go down as well as up" and most lottery tickets depreciate by 100% overnight of course!
Spending your life savings on lottery tickets for example is the ultimate example of risk taking that potentially will turn you into a multi millionaire overnight, but like any risk "the value of your investment may go down as well as up" and most lottery tickets depreciate by 100% overnight of course!
30-11-2009, 01:24 PM
#65
Yes the assign a value to each card and the team come and go based on subtle hand signals then make a comment which to the other team member is a sign giving them the value of the table so far, they then know weather to play and how intense they should play,
It is a great movie
Mike
Oh Luca l once purchased £100's of scratch cards and won £1 so not the best way lol
It is a great movie
Mike
Oh Luca l once purchased £100's of scratch cards and won £1 so not the best way lol
Argh im not doing that then...
However couple of years ago myself and a work colleague purchased £50 of cards between us. We didnt loose to badly, think we got £38 back..
The lady in the shop was the highlight of the purchase - she looked so confused when I asked
30-11-2009, 01:28 PM
#68
I suspect that the odds of that happening are a lot higher than you winning a similar amount on something like a scratchcard.
30-11-2009, 01:29 PM
#69
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Thats often not the case.
If you have a LOT of money, its very easy for it to dissapear in admin overheads, or for methods of investing it to become self defeating, buying shares is a good example.
If you have 100 quid, its relatively easy to make a few % on the stock market.
If you have 100 billion quid, its relatively hard to make a few % on the stock market.
The reason is that everytime you try and buy a share you are buying so many you influence the price, and likewise when you sell them!
If you have a LOT of money, its very easy for it to dissapear in admin overheads, or for methods of investing it to become self defeating, buying shares is a good example.
If you have 100 quid, its relatively easy to make a few % on the stock market.
If you have 100 billion quid, its relatively hard to make a few % on the stock market.
The reason is that everytime you try and buy a share you are buying so many you influence the price, and likewise when you sell them!
im talking 100k not a 100 billion,if i had 100 billion i wouldnt be worrying about making more money
was the title of this thread how to become a millionare?
30-11-2009, 01:32 PM
#72
Too many posts.. I need a life!!
card counting works but is obviously illegal, hard to do properly. And also if the bets increase massively at the end of the shoe on a couple of occasions I would have my eye on it straight away as obviously the less cards left the more idea you have of whats coming up.
Chip I understand what your saying now about 0, sods law is you will have a shit load stacked up then pow 0 comes up..half your money gone straight away lol.
Chip I understand what your saying now about 0, sods law is you will have a shit load stacked up then pow 0 comes up..half your money gone straight away lol.
30-11-2009, 01:38 PM
#73
Personally, im about the least money orientated person you will ever meet, it genuinely doesnt interest me much at all, as money doesnt really buy anything that I particuarly feel would make me genuinely happy long term, sure its useful, but to me its just not a big deal.
30-11-2009, 01:39 PM
#75
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That doesnt really make any difference actaully mate, as the odds of winning arent especially relevant to the system working or not, only the payout amount.
I suspect you havent really understood how it works based on that comment.
Even if you had a 1 in 3 chance of winning, it would still work just fine, it would just spiral more quickly upto large sums, so your starting amount would have to be less.
This is kind of true, but if the bets you start with are small enough, you can easily get to a situation where you are 99.99999% likely to win even within the confines of a table limit.
The problem is simply that the winnings will be small for the amount of time spent, and you would probably "win" more money with an evening job in mcdonalds
I suspect you havent really understood how it works based on that comment.
Even if you had a 1 in 3 chance of winning, it would still work just fine, it would just spiral more quickly upto large sums, so your starting amount would have to be less.
This is kind of true, but if the bets you start with are small enough, you can easily get to a situation where you are 99.99999% likely to win even within the confines of a table limit.
The problem is simply that the winnings will be small for the amount of time spent, and you would probably "win" more money with an evening job in mcdonalds
The zero is in place to give a house edge in all betting scenarios. The system is only "true" if the double up is aligned alongside a non-varying win ratio. The reason the zero has an effect is that you are starting with a fixed capital amount, and like you say, it still chalks up as a loss.
In much the same way as followers of systems like this actually believe that their odds of consecutive results follow a pattern (I actually heard someone say once that there had never been more than 13 consecutive spins of one colour ever recorded
).Casinos will also happily let you play these systems, to the point where they will supply you with a pen and a marking card to record the table history, and even now they encourage it by displaying table history on a screen above the table!
30-11-2009, 01:41 PM
#76
Or potentially make you very unhappy.
Ive seen very little correlation between amount of money people have and how happy they are other than when you are talking about people actually in poverty.
I would say that religion is more likely to make you happy than money for example, people who genuinely have faith are invariably more likely to be happy IME
I can think of loads of things I could buy that would make me happy for a short period of time, but I cant think of anything I could buy that would make the rest of my life happy, where as potentially faith can if you are stupid enough to have it.
Ive seen very little correlation between amount of money people have and how happy they are other than when you are talking about people actually in poverty.
I would say that religion is more likely to make you happy than money for example, people who genuinely have faith are invariably more likely to be happy IME
I can think of loads of things I could buy that would make me happy for a short period of time, but I cant think of anything I could buy that would make the rest of my life happy, where as potentially faith can if you are stupid enough to have it.
30-11-2009, 01:45 PM
#78
PassionFord Post Whore!!
Mike
30-11-2009, 01:45 PM
#80
The system is only "true" if the double up is aligned alongside a non-varying win ratio. The reason the zero has an effect is that you are starting with a fixed capital amount, and like you say, it still chalks up as a loss.
In much the same way as followers of systems like this actually believe that their odds of consecutive results follow a pattern (I actually heard someone say once that there had never been more than 13 consecutive spins of one colour ever recorded ).
).