The firm made a spectacular achievement by giving more than a 4000% return within the next ten years.
Childhood and Early Life
George Soros was born on August 12, 1930, in Budapest, Hungary. He is the chairman of ‘Soros Fund Management’ and the ‘Open Society Institute’, a stock investor, American currency speculator and political activist. It’s really a great invention and I wouldn’t under-estimate the value of that, but they’re not designed to take care of social needs.”
These were the famous words of George Soros, who has made his mark as an enormously successful speculator. OSI is a private operating and grant making foundation which aims to promote human rights and social reforms. He was thirteen, when Hitler’s Wehrmacht seized Hungary and began deporting the country’s Jews to extermination camps. He is a former member of the Board of Directors of the Council on Foreign Relations.
In recent years, Soros has been a vocal critic of America’s military endeavors and foreign policies. In August 2006, he wrote an article titled A Self-Defeating War, in the Wall Street Journal. In 1970, he co-founded the famous Quantum Fund with the help of Jim Rogers. Speaking about his humanitarian works, Soros once said, “I’m not doing my philanthropic work, out of any kind of guilt, or any need to create good public relations. The article was in context of the American foreign policies which were applied on several fronts like Iraq, Gaza, Lebanon, Afghanistan and Somalia, and killing of thousands of innocent civilians.
While studying in London, Soros became acquainted with the work of a philosopher, Karl Popper, which had a great influence on Soros’ intellectual development. As a global financier and philanthropist, George Soros is popularly known for his unmatchable skills related to the field finance and currency speculation. The philanthropic works by him are done through an entity called Open Society Institute (OSI), which was created by him in 1993. In 1956, he moved to United States, and started working as a financial analyst. I’m doing it because I can afford to do it, and I believe in it.” .
Since the 1970s, George Soros has shown active involvement in philanthropy and social work. In 1992, Soros earned himself a profit of whopping $1 billion and the title, the man who broke the Bank of England, betting against the Bank of England with $10 billion worth of pounds. Soros survived the Nazi invasion of Hungary from March 1944 to 1945, and in 1947, he emigrated to England and supported himself by working as a railroad porter and a restaurant waiter. One of his most notable humanitarian works is, the generous donations he made in order to eradicate extreme poverty from Africa. In 1969, he founded his first offshore hedge fund, which grew immensely through speculation. Soros graduated from the prestigious London School of Economics, in 1952, and obtained an entry-level position with an investment bank namely Singer and Friedlander.
“Markets are designed to allow individuals to look after their private needs and to pursue profit
“I think it is very dangerous to kind of play the oil game and bet on where the price is going to be,” Hennessey warns. That’s why we’ve seen oil prices come down,” Hennessey points out. People were worried prices would go up because of the conflict, but it wasn’t effecting the price of oil. “You can, however, bet on the professionals that do it.”
In essence, you are taking a guess on what the price of oil will be in a month, two months, up to 30 months down the road. “It’s very simple,” Hennessey explains. “You are betting on a future price. “These are things you have to think about when you are investing in oil,” advices Hennessey.
For additional and more extensive investing and personal finance content from SmartMoney.com, click here.
by Jenn Eaker
In the end, supply and demand always wins when it comes to betting on oil prices, he says. “What you had here was demand going down. It takes a lot of guesswork and speculation is abound. So you are betting on futures, not stocks.”
Copyright 2006 CBS. You take into consideration outside effects on the price like hurricane season and the war in the Middle East. But do you know what it takes to bet the markets on crude? Ray Hennessey, editor of Smartmoney.com offers some advice that might fuel your interest.
A lot of people have heard about investing in oil on the stock market, but aren’t too sure where to start or what to do. The Middle East war is a good example. You can trade oil through trading in the oil pits, oil exchange-traded funds, which are like stocks, or you can actually bet on the Exxons of the world and get your dividends that way. All rights reserved.
. “Here in the US we aren’t using as much oil as we need to.” This was why the higher prices people were predicting turned out to be wrong.
Falling oil prices may signal not just a good time to invest in a new tank full of gas but also in oil itself
Look for this, and then make sure that you compare them to a team where they might have trouble with, and you’ll see green as you pick up the money from placing bets with them. It’s the veterans of college that don’t go straight to the NBA that seem to make a serious go at the championship before they leave. If there is a squad that has gone to the finals many times and hasn’t won yet, but have a group of seniors that could tip the scales into their favor, bet on them. You just have to make sure that you’re following a variety of teams and watching the way they react to the ball in winning and losing.. This is especially true for those that have maxed out their eligibility and will be moving on to either the NBA or a chosen career path based on their degree.
If you watch enough seasonal action, all around the NCAA, you will have a good set of picks by the time the NCAA tournament comes through and your bracket will be pristine. However, savvy gamblers will know that when college basketball picks are in, the upset card is possible.
The upset card is pulled in NCAA basketball a lot.
When you look at teams on paper, many match up great, however, when you start to peel away things from an individual player’s perspective you can start to see where a team could prevail or collapse. Finding the best winning college basketball picks is daunting, and for some it’s a painstaking task, but for those that look deeper than the stats, real greatness happens. You will often times see a squad full of older players make a lot of noise going into the finals of any major tournament, including NCAA. Many times, it’s small schools from areas like Spokane, Washington or somewhere in the middle of the country to get into the Final Four and really shake up the college world. Watch out for this, because it will come up and surprise you and the world. You’ll know these teams by how they handle themselves losing in the first half, only to come out in the second like a house on fire. Often times the top seeded teams in the country don’t make it past the first few rounds, and while some narrowly escape defeat, all it takes is for one scrappy squad to throw up 3 pointers on a good run, to topple a giant. Look for strong defenses to go far and pick your selections based on these things. For instance, look for a team’s defensive record against others.
Another great tip is to look for standout seniors.
Every year millions of people place their bets on the big NCAA Basketball tournament that happens annually, and every year there are major upsets and people lose their money when putting faith into the #1 team in the nation. When you have two evenly matched offensive powerhouses, defense and full court press often times ends up becoming the easiest way to win. That’s why college basketball picks are hard to figure out compared to the NBA, there is a lot of different factors to consider. In order not to be surprised, make sure that you look for teams that have been on the bubble for quite sometime and look for them to prevail. If you can find a good overall defense compared to offensive plays, then you might have reason to believe that they can probably go far, the reason being is that defense wins games when they are so close
Slots are composed of spinning reels with an assortment of symbols on each reel. Bets are based upon which slot the ball will land when the wheel stops spinning. Bingo!
A small, marble-like ball is placed into a spinning wheel that has red and black numbered slots. The right combination of symbols must be aligned with the payline in order to win. Low house edge is of advantage to the player.
- Deuces Wild
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Played against the casino’s software and not against other players.
Online casinos offer a multitude of gambling game options designed to appeal to the adventurous or the conservative player. The shooter is a winner if point is made on follow up rolls. Shooter must roll a seven or eleven on the come-out, or first roll to win or establish a point. Blackjack is played against the house, and not other players.
Literally thousands of betting options. If a seven is rolled before point is made, the shooter loses. The following is an overview of some of the more popular online games, both multi-player and single player, and is not intended to be a tutorial. In poker you are playing against other players, and not against the house. Among the most popular poker games to play online are:
- Seven Card Stud
- Jacks or Better (most popular)
- Joker’s Wild
- Texas Hold ‘Em (by far the most popular)
This article was posted on September 05, 2006
- Caribbean Poker
Online Gambling – The Games
by: Kenneth Bateman
Eleven balls are drawn from a pool of thirty. A two, three or twelve is an automatic loser on the come-out roll.
The total value of two dealt cards must not exceed nine. The hand with the total value closest to nine wins. Face cards are valued at ten and aces at one or eleven at the players option. Keno is one of those games, and is really the casino version of a lottery draw. The slot machine’s reels are lined up on what is known as a payline. There are countless books and online sites detailing game rules, strategies, etc., and it is suggested the player take advantage of these before attempting to play for money.
As you would expect, games of pure chance, with no skills required by the player offer terrible odds.
Poker entails examining your hand and guessing what your opponents have. In Keno a computer randomly selects numbers from a group of eighty and the player must guess which group will be chosen.
Slots are the most popular of the no skills required online casino games, and is a veritable cash cow for the casinos, with the odds firmly stacked in favor of the house. Among the many sub-categories of betting on roulette are: betting on which color the ball will land, betting on any one of the three columns on the roulette table, or betting on a specific set of twelve numbers.
Also known as “twenty-one” as the cumulative total of the face value of the cards cannot exceed twenty one to win. If the symbols are not aligned in a winning combination, you lose.
These are really just some of many titles that can and should be used! You know what your friends are like, and if you really try, can sit down and think of a hilarious title that they will love. All the best people are.
Sometimes cute Facebook album names can be hard to come up with, but that is okay because I have plenty for you! All of your friends are sitting at their computers trying to come up with a perfect title, but I already have many to choose from here for you. But I’ll tell you a secret. I know for a fact that some of these cute Facebook album names can guarantee you likes and notification for when you login. There are also many funny Facebook album names out there too, but that’s for another day! Go out and shock your friends now with your insanely cute Facebook album names.
Am I mad? Yes. Don’t be afraid to give any of these cute Facebook album names a try and see what comes of it.
Angels on the Moon – And you are just another one of them!
best friends ? I think so
It’s going down like chicken town
“My lip gloss is popping, my lip gloss is cool, all the boys keep jocking, they chase me after school”
There are many cute Facebook Album names out there to choose from. The perfect cute Facebook album name is in here somewhere, and if it is not, then don’t be afraid to look other places because they are all around you!
It’s time to PARTYY!
“I know it might be wrong, but I’m in love with Stacy’s mom”
Turn around, bright eyes
Nothing’s sweeter than summertime
Now, some of these titles I came up with on my own, but I will give credit and tell you that many of my friends have these as titles themselves. Maybe it has to do with an inside joke you personally share with only your best friends?
even when I’m on my back ; I’m never backing down ?
When life gave me Lemonade
“Because I knew you, I have been changed for good”
a picture is worth a thousand words
pictures of youu, pictures of mee ?
Yesterday, now, tomorrow…
My FrIeNdS ArE tHe BEST!
friends are forever ?
The bottom line is that there are plenty of cute Facebook album names out to choose from. always love.
My friends are the best I could ever ask for!
Time moves on like a river, but don’t ever forget the people that are running right beside you
Swimming through rapid waters
Our last summer, memories that remain. You’re totally bonkers
To be a successful sports bettor you need to operate with a clear mind.”
6. There is a wealth of information on the Internet; it is just up to you to find it and research it daily.”
Moseman agrees and especially likes home underdogs. Otherwise, you’re better off doing your own research.”
But even though the math says it’s virtually impossible to win on a consistent basis, Americans continue to bet on football. “Because alcohol clouds your judgment and usually helps you to make rash decisions you usually wouldn’t otherwise make. “For example, if you have a $1,000 bankroll for the season, you should generally bet no more than $50 a game.”
So, how much should you bet a game?
Ted Sevransky, a well-known Las Vegas gambler and sports consultant with Sportsmemo.com, agrees.
But that doesn’t mean you have to bet like a “square” and throw away your hard-earned money.
“The biggest mistake that amateur bettors make is they increase their bets when they are losing,” Sevransky says.
“In an average season, fewer than one bettor in twelve turns a profit,” Gordon says. But, when you’re struggling, that’s when you want to reduce your bet size until you get out of your slump. Not all games work according to this formula, but it is usually a good rule of thumb.”
“Most people with an understanding of football gambling bet between 3 percent and 5 percent of their bankroll, increasing when they win and reducing when they lose,” Vaccaro says.
“A square is the average, unsophisticated gambler whose decision making is based on hunches, media manipulation, or spurious systems that cannot overcome the bookmaker’s inherent mathematical advantage,” Konik explains. If you like an underdog, it is best to get your bet in as late as possible, where there is heavy action from squares on favorites.
1. These books change their numbers according to the betting patterns of their customers, so it is not entirely uncommon to find two or three point differences in the lines.”
4. “As for me, the best bet in football is betting the point spread or over/under totals on individual games.
So, is it possible for the average square to become a little sharper in making football bets this season? According to professionals like Vacarro, Konik and Gordon, amateur bettors have the best chance to win if they demonstrate a little patience and follow the 10 basic tips below. And why not? We have unconditional love for the sport and betting $50 or $100 on a game adds an extra rush of adrenaline. Big underdogs often find ways to cover the spread and they rarely give up toward the end of a game in front of the home crowd.”
2. They use powerful computers that can process millions of bits of data and produce a more accurate point-spread line than the bookmakers.”
“The talking heads on TV know nothing about sports betting,” says Sevransky. Shop For Numbers – “Another important aspect of betting on football is shopping for the best number,” Moseman explains.
“There is probably no better bet in sports than playing an underdog at home,” Moseman says. Avoid Exotic Bets – “For very skilled handicappers, with a proven track record, there can, at least in theory, be value in betting parlays,” says Gordon on the type of bet that combines two or more individual wagers. The payout is just the same as far as he is concerned. “Teams play inspired ball at home. “Over the course of several seasons, the percentage of bettors who turn a profit is minuscule.”
Certainly not back into the pockets of the average bettor. Money Management – “This is without a doubt the most important aspect of betting on sports and possibly the most neglected,” says Morey “Doc” Moseman, a professional gambler and sports consultant with DocSports.com for nearly 40 years. “In trying to bamboozle potential customers, many services make claims about having scouts all over the country that give them inside information and promise 70 or even 80 percent winners, as if the bookmakers were the biggest suckers in the world. Oakland comes to mind) seem like the Super Bowl. He loses year after year, according to Dan Gordon, a top football handicapper and author of How to Beat the Sports Books (Cardoza Publishing 2005). “The sharps are usually members of a betting syndicate privy to the most up-to-date information on injuries, weather, game plans, and, most important, the real power of the teams involved. If North Texas is his best bet on a Saturday then that is his bet. . If you want advice about sports betting, find someone who has a successful track record. In fact, sports bettors must pick 52.4 percent winners just to break even.”
However, Konik adds that there are some bettors who actually know how to beat the bookies. “Most people prefer to bet on the ‘better’ team, the one that will probably win the game. Avoid Chasing Bets – “Don’t do it! There is no worse way to mismanage your bankroll than to chase your bets after a losing day,” cautions Moseman on the dangerous practice of trying to immediately win back your losses.
And remember, in the immortal words of “Fast” Eddie Felson, “Money won is twice as sweet as money earned.”
9. There are almost an infinite number of scenarios that can happen in a single football game.
“The bookies fear and despise a tiny coterie of professional bettors known as ‘the sharps,’” Konik says.
“A square or recreational player might have a vague plan, but after two Corona’s he will definitely run to the window and make a hasty decision on the USC-Notre Dame game because he wants to be involved in the party atmosphere,” Vaccaro says. “He is not jaded by teams and does not bet with his heart. “The key to proper money management is to be sure not to bet more than you can afford to lose.”
So, how much are we gambling each football season?
Betting on football games; whether it’s through a local bookie, an offshore Internet site or a Nevada casino (still the only legal place in America to make football bets), most of us have done it or know of someone who has. The only touts bettors should consider are the ones who talk about the long haul and realistic winning percentages, which are in the upper 50 percent to lower 60 percent range.”
Another difference between squares and sharps is how they approach betting on game day.
Newspapers and popular sports sites routinely publish the lines or point spreads for games, and football insiders offer their picks to viewers each week on ESPN and other cable networks. Bet at the Right Time – “The sharp bettors tend to bet underdogs, and they tend to bet them early,” Moseman says. “Common wisdom says that over the course of a long football season the average man or woman will pick approximately 50 percent winners.
“The standard bet requires gamblers to lay $11 for every $10 they want to win with the extra $1 or 10 percent known as the juice,” Konik says. “If you listen to their advice, you are sure to lose. So underdogs tend to be slightly undervalued – except by the sharps.”
“A sharp or smart has a plan of what he wants to do,” says Vaccaro, the director of sports operations and public relations at Lucky’s Race and Sports Book in Las Vegas. Giving 11 to 10 odds is almost always the cheapest price you can give.”
While these tips don’t guarantee you’re going to win, hopefully they can make you a little less square and a little more sharp in your picks this season. “In the NFL, a game will often be totally turned around by one or two plays, or even a single penalty. Chasing losses is the fastest way to the poor house.”
And where does all that money go?
3. Focus on Conferences – “The best way to win money betting football is to develop a niche and follow it closely,” Moseman advises. The only locks that exist are those that need keys to open them.”
Michael Konik, a sports writer and best-selling author of The Smart Money (Simon & Schuster 2006), explains why it is so hard for the recreational gambler to win at betting on football. Research Football Services – “Most sports services realize that most people who sign up with them are insecure,” Gordon warns. Also, being “in action” can make a dull late-afternoon game (Buffalo vs.
Even Hollywood is not immune – think Two for the Money with Al Pacino and Matthew McConaughey.
Also, it’s probably a good idea to disregard advice from the myriad of ex-players and football experts you see on television each week. “Thus, the bookies love and cherish the squares.”
Although exact figures are impossible to calculate, according to Jimmy Vaccaro, widely considered to be Las Vegas’ most influential bookmaker, Americans probably wager more than $50 billion a year on NFL and college football combined. “If you become an expert on a smaller conference like the WAC, you have a good chance to beat the house because sports book operators do not have the time or resources to follow this conference the way you can. Consider Underdogs – “In the long-run, it’s easier to win betting on the underdog,” Konik says. “Squares usually bet later in the week and they tend to pick the favorites.
8. Drinking and Gambling Don’t Mix – “There is a reason the casinos in Las Vegas supply you with free drinks while you are gambling,” Moseman says. “There will be more discrepancy in the numbers at different sports books. The NFL, for example, will have very similar numbers at most of the betting shops you visit. On college you will be able to find different lines at different sports books. Slim underdogs regularly win outright. “When you’re in a good rhythm and winning, you want to increase your bets. Locks Don’t Exist – “Anyone who has watched sports for about a month realizes that the difference between winning and losing, especially against the spread, can be infinitesimally small,” Gordon says. If you are going to go with a favorite, it is best to place your bet early in the week when the sharps are laying heavy money on the points. Thanks to the juice, the only one who profits in this scenario is the bookmaker. He is not taken in by being involved in USC-Notre Dame just because it is the biggest watched game of the day
It’s just about getting some good friends together to get away from home and do some adventuring together. The beaches here are great and the weather is already warm in early spring so you can have that traditional beach vacation without having to go to Mexico. People who were planning to go to Mexico for Spring Break but who have been warned away are turning their sights towards the Bahamas. However, the economy is so tight that some college kids are thinking twice about whether or not they should be splurging on Spring Break travel.
Those aren’t the only options for the college student who doesn’t want to spend a lot of money, of course. This means that the road trip is a great option for people who don’t have a lot of money and don’t really care too much what you’re doing together. You’ve got the warm water beaches that you’d get in Mexico but you’re still in the U.S. You’ll want to shop around for the best deals on airfare and hotels, limit your spending on drinking by doing most of it as pre-drinking at your hotel and focus on doing free activities like the beach, window shopping in the Gaslamp and wandering through Balboa Park.
5. Vegas. Depending on where you’re coming from, a trip to San Diego can be really affordable. Spending money on tickets to see big shows like Cirque de Soleil, paying too much to get into some of the nicer clubs and choosing a fancy hotel are all quick ways that college kids end up losing money in Vegas. However, with safety warnings issued for that area because of social and political unrest throughout the country, that’s certainly not the way to go for your 2009 Spring Break. Look around and see what’s out there in ski destinations that are cheap to get to near you.
The usual solution for college kids in this position has traditionally been to do a Mexican Spring Break trip. Not everyone thinks of Spring Break and thinks of the beach. Sometimes the college Spring Break isn’t really about where you go or what you do. People who like winter sports will find that there are some good deals on ski packages at various resort destinations throughout the United States because it is getting close to the end of the season. There are some great last minute hotel and flight package deals that make it a really affordable place to travel for Spring Break. So what do you do?
2. Buenos Aires, Argentina. Here are seven Spring Break ideas that should be affordable:
7. Road trips. However, for those of-age groups that are able to be responsible with their spending on a trip, a Vegas Spring Break can actually be really affordable and a lot of fun. It’s not just the gambling tables that will get you either. It’s still really cold in some parts of the United States which means that it’s a great time to get in one last big ski vacation before the ski season comes to an end. Commit to going to the cheapest clubs, doing most of your drinking for free while playing penny slots and spending a lot of time just lounging by the pool of your hotel and you should find that this is a good Spring Break trip that’s still affordable.
1. Bahamas. Whatever you end up doing, be safe while you’re having your Spring Break fun!. This has always been a big Spring Break destination and this year is no exception. The adventure of cheap travel is where the fun is really at!
3. South Padre Island, Texas. You can get good deals on airline and hotel packages if you shop around, especially if you’re willing to stay somewhere off of The Strip. This is definitely a favorite place for broke college kids seeking to stay in America for their Spring Break this year.
Spring break is just about upon us and that usually means that college kids are packing their bags and heading off to party together on the beach. Traveling to this area tends to be easy for a lot of people in the United States because it’s kind of centralized down south. so you don’t have all of that political unrest to worry about. This one is also tough because it’s really not a good place to go if you’ve got people in your group who are under 21. Do some shopping around to find the cheapest places to stay and things to do, of course, but rest easy knowing that this is one of the most affordable Spring Break vacations available this year.
4. San Diego. Another place that people are heading instead of Mexico this year is Buenos Aires. This one is one that you should be careful with because it’s really easy to spend a whole lot more money than you planned on spending in Vegas. 6. Ski vacations. There’s a lot to see and do here and it’s not all that expensive. You’ll want to do a lot of shopping around to make sure that you’re getting a good deal but once you get that taken care of you’ll be able to just enjoy your Spring Break vacation on those beautiful beaches.
If you’re in the position of wanting to take a Spring Break trip with friends but not wanting to spend a lot of money then you still have some options. If you’re looking for an active vacation with a lot of guided tours for your group then this is probably one of the most affordable options out there. Pool your resources, hit the road and see where it takes you before you’ve got to come back to school. Getting away on a camping trip, playing tourist with your friends in your own hometown or getting a cheap ticket to Europe or Asia are all other options that you might look into for an affordable and fun 2009 Spring Break trip