A lot of poker players dislike playing against short stacks. While there are a number of reasons for this, there is ultimately only two solutions unless you want to keep bleeding money to them or stumbling by doing the best you can and winging it in tough spots. The first solution is to avoid these guys completely, but that's not always an option. The second solution is to learn to play a small stack as well as your opponents, or even better to learn to play a small stack better than your opponents!
Here we're going to look at a common spot that gives a lot of people trouble, and use some hold'em math to figure out an easy solution. It's folded to you in the small blind. The big blind has 14 big blinds after posting the blind (you have him covered). You were dealt King-Seven of hearts. You don't want to open raise to your normal amount because if he calls then you have to play the flop out of position when you're very unlikely to hit and he can just shove over you profitably with any pair and any draw (even with just overcards). So there has to be a better solution. What if you just open shove and raise all-in to a total of 15 big blinds. And even better, what if you turned your cards face up as you did this. Could your opponent make your play unprofitable? Let's do some poker analysis and find out. Your opponent would be calling 14 big blinds in a pot of 16 big blinds, so he would have to be calling with 14/(14+16) = 46.7% equity in the pot to make his call correct. So what all hands have at least 46.7% equity against King-Seven suited? Rather obviously, that's all Aces, all pocket pairs, and all Kings with a Seven or higher kicker. He will have these hands 27.6% of the time, and when he calls, you'll have an average equity of 37.7%. That means that he folds 72.4% of the time, and you will lose at showdown 62.3% of the time. A small amount of poker math will let us find the value of your raise all-in as follows. First we calculate what happens when our opponent folds, and that's pretty easy. He folds about 72.4% of his starting hands and those times we win 1.5 big blinds (remember that the small blind was already posted and is no longer ours). This portion of our average profit is 0.724 times 1.5 which equals 1.086 big blinds. Second we evaluate what happens when our opponent calls and we win. He calls about 27.6% of the time, and 37.7% of those times we profit 15.5 big blinds. The part this contributes to our total average profit is 0.276 times 0.377 times 15.5 which is 1.613 big blinds. Finally we check out what happens when our opponent calls and we lose. Since he calls about 27.6% of the time and we lose 14.5 big blinds 62.5% of the time, this affects our average profit by 0.276 times 0.625 times -14.5, and that comes out to -2.501 big blinds. Now to figure out what our total average value is, we add up the three parts that we just finished solving for with some analytical Texas hold em math. Here we have 1.086 plus 1.613 minus 2.501 which comes to 0.198 big blinds on average. So here, our play is worth about one-fifth of a big blind, even if we turn our hand face up allowing our opponent to play perfectly. If he calls any more than the range we assigned him above then we have less of a disadvantage on average at showdown which increases our profit. Similarly, if he calls any less than the range we assigned him above then we have more of an advantage in fold equity preflop, and this will also increase our profit.
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5/31/2018 0 Comments Be Wary of Cashier's ChecksThe internet has created a new dynamic in the world of the scammer and the con artist. Previously the scammer would actually have to meet the victim, pretend that they were friends, and convince the victim to place his or her trust in the con artist. All that has changed since the onset of the internet, and now con artists can separate dozens of victims from their money at a time without ever even having to see the face they are stealing money from. One of the many ways that scammers are taking advantage of people is by paying for items with phony cashier's checks, so be watch out.
Here's how the scam usually goes down. You have an item that you want to sell or an apartment that you want to rent, so you place an advertisement on a place like craigslist or eBay. Out of the blue, you will receive an email from a "prospective buyer" who would like to purchase your item or rent your apartment without ever seeing the item. When the discussion comes to paying for the item or renting the apartment, the scammer will offer a cashier's check instead of actual cold-hard money to pay for it. Usually we think of cashier's checks as a pretty solid form of payment, but not in this case! When the cashier's check comes, it will usually be for far more than the value of the item that you are selling, often ten times that amount. The person will then tell you that they "trust" you to return the extra money that wasn't part of the purchase price. If someone were to fall for this scam and took that check to the bank, more often than not the bank would actually cash it! In fact, the check would even clear in most cases. The victim would think that the check was legitimate, and wire the money back to con artist. The customer got his or her portion of the money, and the con artist got all of the extra money, everyone should be happy right? The bank will eventually figure out that the cashier's check you deposited was phony. Often times it takes four to six weeks for them to figure out, but if you deposit a phony cashier's check, you will have to pay back the money. The bank will hold you responsible. In some cases depositing phony checks is actually a crime, so there even could be criminal consequences too! Just don't fall for any of these scams. The cashier's checks you get in these situations are always phony, and it is going to come back and bite you. You should never have to wire money back when you are selling something online, if anything sounds fishy, just look for another buyer. When I was in college, I spent a total of $600 a month, including rent, food, gasoline, utilities and fun. I lived in a small South Dakota town, so it was a bit easier than most people to not spend money, but it still was not easy. I made sure every single dollar went as far as it possibly could, and here are some of the tips which allowed me to do that, and will allow you to earn and save money whenever you make a purchase.
There is some money that you need to spend every month, this is your necessary living expenses. You can't really cut down on them too much, or can you? A web based company called Upromise will allow you to save money on your every day grocery purchases. You register your debit cards, credit cards and grocery cards through that site, and you will make a small percentage back on your grocery bill. If you make online purchases, there are a number of sites which will allow to you get rebates on your purchases that you normally otherwise would not be able to. FusionCash and EBates are two great sites which will allow you to earn a percentage back with online purchases. If you can't handle using a credit card by only making necessary purchases, and most people cannot, skip right over this step, cut up your credit card and forget about it. Most credit card offers have rewards programs which can help you earn money back. Be sure that your rewards program. Wells Fargo's debit card rewards program requires you to spend $5,000 annually just to break even! Carefully research any rewards program you entered into. Our goal is to spend less money, and the rewards programs are great for the money that we do spend, but the meat and potatoes of living cheap is becoming more economical. Cut out a lot of your wants and you will actually have money to save. We would all like to have a new computer or a new car, but most of us cannot afford it, so make priorities. Spend on what is important, and forget the rest. When you're at the grocery store, buy generic brands, they're the same thing but cheaper. Avoid over priced snacks at the grocery store such as beef jerky and string cheese. Just don't go out to eat, and make all of your food at home to save a lot of money. Turn your thermostat down at night to avoid a high heating bill, unplug appliances when you are not using them. Do every little thing that you think will possibly save some money! 5/29/2018 0 Comments Savvy Money-Saving IdeasWe all know that it is now official; we are living in the age of recession. Most of us all ready have figured that out a long time, ago. We have scrimping where we can, cutting out the things we don't need, looking for sale items and even clipping coupons. Yet, there is always more money saving ideas we all haven't discovered yet. Here are a few.
Want to be entertained? Do you have a Bank of America debit credit or ATM card? Did you know that until April of 2009 and they have signed at agreement allowing you access to 73 museums, free, once a month? Go to bankofamerica.com/museums to learn more. Look for credit cards that will offer you rewards on useful items such as a percentage off on your grocery and gas purchases. Those are the items you need most. Got too many books? Have you read them all? Are they in good shape? Why not recycle them and make a little money, too. Go to cash4books.net. Type in the books' ISBN number (this can be found on the back cover or on the front where the copyright is located) and see if you they will buy them for you. The whole transaction can be completed online. You can print a prepaid mailing label and then send the books to the company. Once they are received, they will deposit the payment into your Paypal account or send you a check. Shop online and qualify for online rebates. There are many companies that offer these. Two very popular ones are live.com/cashback and ebates.com. You just shop at online stores as you normally do and get a percentage off your purchase prices. Consider refinancing your car loan. If you qualify you could save as much as $100 a month. Revaluate your insurance needs and make sure you aren't paying for benefits you don't need. For example, if your car is late model one, you might want to reconsider paying for full coverage insurance. If you have good credit, ask your credit card company to lower your interest rate. It doesn't hurt to ask. All they can do is say no. But if you are a good customer, who has been paying his/her bill on time and has a decent credit history chances are your answer will be yes. Save on some of your family's clothes by shopping at thrift stores. If you never shopped at a thrift store, you might be surprised at the quality of clothes you can find (sometimes even name brand and clothes that have never been worn, with the original prices tags intact). Yes, times are tough. For these reasons we all need to use our imagination when it comes to coming up with money saving ideas and then learn how to incorporate some of them into our lives. Do you think there is a big difference in approval success in equipment leasing finance and lease finance rates among different companies? We sure think there are and we're going to show you how to master the information that will allow your firm to achieve equipment finance success.
Most business owners and financial managers in Canada who acquire equipment realize there are much touted significant benefits to equipment leasing. When business owners approach asset acquisition they do it in the view of trying to determine if they should ' lease' or ' buy' the asset in question. The decision often focuses on two issue, is it less or more costly to lease, and finally what are the cash flow advantages to utilizing this type of financing. Achieving the best lease finance rates comes down to a couple key issues - the overall credit quality of your firm, and more importantly, how you present that credit quality to the lessor. Secondly structuring of your transaction, hopefully with your input. Significantly affects your lease rate. For example a larger down payment will of course drive your overall rate down considerably - i.e. you are financing less. More often than not a simply first and last payment is all that is required as a sort of down payment or security deposit on your transaction. Other key points that will enhance your equipment lease rates is the importance your place on items such as the ability to return the equipment to the lessor at the end of the term. How does returning the equipment at the end of term to the lessor become a ' secret ' of great lease finance rates? It's simple, your decision to return the equipment at end of term typically allows you to opt for what is known as an operating lease - as such the lessor makes a bet on the ability to sell or remarket or release the equipment to another party. That type of transaction typically drives the overall lease rate down significantly. Most business owners are incredulous that in some cases you could actually achieve a ' negative 'lease rate on your transaction! How's that for a great inside tip or secret on equipment lease financing !In the transaction we just detailed it is possible that all your payment don't even add up to the original purchase price of the equipment or asset - due, as we said , to the lessors belief they will get the equipment back . And you should be very happy to let them take that bet and risk, because that becomes the lessor's problem, not yours, you simply benefit from the great lease finance rates on your transaction. Another more obvious benefit of equipment lease financing is that it's available to all firms, including start ups and firms that might be financially challenged; therefore lease finance rates you achieve are often considerably better than other forms of finance, such as bank term loans, etc. In many equipment finance transactions the ability of the owner to provide a strong personal guarantee can often enhance the overall pricing of your transaction in your favor, although we acknowledge of course that most business owners would prefer to avoid, not offer up such guarantees. In summary, it's important to understand how lessors price your transaction, meaning what factors are important to them to create a satisfactory return. Being armed with the ability to properly present your firms overall credit quality, as well as focusing on benefits that are important to your firm that affect lease finance rates is what successful equipment leasing finance is all about. Speak to a trusted, credible and experienced Canadian business financing advisor to guarantee you will receive the best rates, terms and structures, potentially saving you thousands of dollars on any acquisition via asset finance. Dealing with debt can be extremely stressful. It can feel like you've lost control of your life. Often after making the minimum payments on your debts each month you will have almost no money to spare. An unexpected cost can shatter the delicate financial balance you work to maintain.
It is important to take control of your finances. With but a few changes to your financial habits you may to able to turn around your finances. First you should take stock of your monthly financial situation. Create a list of your essential monthly expenses such as rent, internet, food, and phone service. Subtract this amount from your net pay each month. The amount remaining is your disposable income. This is your fun money, though it may be smarter for you to use this money to pay off your debts more quickly or to save the money. This simple act of laying out how much money you must spend each month on your commitments such as bills and debt payments makes a huge difference in your ability to stay on top of your finances. One way to help with high debt payments is to reduce your expenses. There may be some areas of your spending which can be reduced. Perhaps you do not need cable TV after all or you could cook at home more instead of eating out so often. If cable television costs over $60 a month, then a year of cable TV adds up to over $700 total, which is quite a lot. While reducing expenses may seem harsh to some people, if it will allow you to pay off your debts more quickly than in the end it will be worthwhile. Remember, the faster you pay off your debts the less you pay in interest, which means the less you pay overall. You should keep track of how much money you have in your bank at all times. The easiest way to do this is with online banking. Today, all banks should offer online banking. If you don't have access to the internet it is always possible to visit your bank or to call to check your balance. By knowing your balance you can help to keep your spending within limits that you can maintain. Now, if after doing all of the above you still cannot afford to pay your debts and to live decently, then you may need to seek professional help. A lawyer may be able to negotiate your payments down reducing the overall balance on your debts. Or, it may be necessary for you to declare bankruptcy. There are many options available to help you manage your debt. Don't be scared by the word bankruptcy. Though it may damage your credit score remember, if all of your debts are legally wiped out, you never have to pay them. So, though you might feel embarrassed about declaring bankruptcy it might be the best thing for you. So you are you looking to take advantage of the housing market and buy your dream home when the prices are cheap but you are not sure if you have enough cash to afford a down payment. Not to worry; you can use the government's money for some, if not all of your down payment!
By now most everyone looking to buy a home knows something about the $8,000/$6,500 homebuyer tax credit and in order to be able to use the credit for a down payment you have to do a few things. First off, you have to get financing through the Federal Housing Administration (FHA). Secondly, you have to get the FHA loan through a tax credit monetization program, which will allow you to pay your entire down payment, up to your respective amount ($8,000 for first time home buyers and $6,500 for everyone else with certain income limitations - please talk to your real estate agent or mortgage broker for details on the specific amounts). The Tax Credit Monetization Programs work by giving you a short term loan, that has a very small interest rate, if any at all that must be paid when you receive your actual tax credit amount after you file your taxes. So in other words, your down payment isn't directly paid by the government; you are taking out a loan for that amount and once you receive that amount from the government you pay it back. If you fail to repay the amount within the agreed upon time frame it will act as a second mortgage which is something nobody wants! You will be able to use the amount for anything related to the closing of your real estate transaction. Paying discount points, escrow fees, etc. To see if you qualify for this what you need to do is either get pre-approved with a FHA lender or apply for a loan after you've already found a home. There are over 12,000 FHA-approved lenders in the United States so it shouldn't be that difficult; more than likely the bank you've been banking with for years is an FHA-approved lender. In addition to normal paperwork you will most likely be required to complete additional forms for this specific type of program and there are strict guidelines the federal Housing Administration (FHA) have required lenders to do and not to do regarding fees: A Nominal or reasonable interest rate, usually around 2.5% (or $200 if you qualify for $8,000) You will also be required to prove you have no outstanding liens or judgments against you that could reduce your tax credit (such as unpaid taxes, liens contractors have placed on your previous home, law suits, etc.) Following these simple guidelines you will be able to eliminate any down payment worries or afford a little bit more house then you originally thought. For best results I would highly recommend consulting with your real estate agent, bank, as well as your accountant to see if you qualify for the homebuyer tax credit or to see if there are any other programs out there that can help you in this huge financial decision. Source: https://www.neonbeginner.com/2018/04/20/what-is-nex-platform-neon-exchange/ 4/29/2018 0 Comments Making Exercise Fun and SimplePeople complain about how hard it is to start exercising. They join a gym and never go and buy exercise tapes that go to waste. But exercising isn't a little bit every day isn't that hard. I exercise when I go to the grocery store to stock up on food. Weaving in and out of every isle while pushing a heavy cart exercises your legs and arms. I exercise when I walk to the kitchen to serve myself some ice cream. I exercise when I sit on the couch and reach over to the coffee table to dip my chips in dip. My abs have never been more fit. If you dip 10 to 12 chips while you watch your favorite sitcom, that's the equivalent of four sets of reps during prime time. And while you're at it, you can really give your thumb a workout as you channel surf.
Even better when you want to watch a DVD. Imagine all the calories you spend opening the box and taking out the movie, then bending over to put it in the DVD player. You can even double your workout by taking it out and putting it away when you're done. I exercise when I take a stroll down to Ben and Jerry's and eat two scoops of ice cream. Every time I take a bite, it's like a bicep curl so if you eat enough, your arms will be as big and bulky as a wrestler's. That's not all for all the weight lifting that you do without even noticing. When you order pizza and you carry the box from the door to the dining room table or when you bring up your groceries, you're really working up a sweat. When you run after the bus, or ice cream truck, or it unexpectedly rains when you're out and you run for cover, you're getting your heart rate up. Remember to breathe correctly so you don't get a stitch. Whew, that's exhausting, nothing like sitting for a while to get your rest after that extraneous workout. And if you're really tired, you can take a nap. Did you know you burn calories when you sleep? And if you sleep walk, that's even more. How can people say working out is so hard? But if you really want to avoid having to exercise, you can keep yourself fit with a balanced diet. So make sure that when you snack, you have a cookie in each hand. If you are one of the thousands that suffer from chronic pain on a daily basis and,are just sick of prescription medications, you will be happy to know that there are other alternatives available. Here are the top 5 natural non-drug alternatives to chronic pain that you just may want to try. While we do recommend Kratom, there are several ways to treat it without the use of any substance.
Fish oil, is a great way to reduce joint pain especially, joint pain that is caused by arthritis or any type of autoimmune disorders. When you digest fish oil hormone like chemicals, known as propagandist, are released into your system. These propagandist, contain properties that reduce the inflammation often caused by arthritis and other disorders. However, you should first contact your physician before beginning any type of herbal supplement treatments to be sure that you are getting the right dose,and that they will be able to help you manage your pain in the best possible way. Capsacin, is another natural non drug alternative to chronic pain that is available. This remedy is great for shingles, arthritis, and neuropathy. Capsacin is a natural element contained in chile peppers that actually desensitizes C-fibers, which are types of nerve receptors found within the body, for up to five weeks. Most generally, you can find Capsacin in a variety of different creams. Capsacin will target chronic pain and help to alleviate it. Massage therapy is a third type of natural non drug alternative to treat chronic pain. Massage therapy is great for soothing those aching tired muscles but, also, is a great way to reduce the inflammation through stimulating the lymphatic system that is found within your body. During a gentle massage your blood flow increases which in turn, allows toxins to be flushed out of your body and, as a result, your pain is reduced. There are several different types of massage therapy available including; Swedish and Chinese massages. With careful research, you will be able to find the type that will work best for your type of chronic pain. The final type of natural non-drug alternative for chronic pain is hydrotherapy. Hydrotherapy, is basically the use of warm water to relieve pain. When you soak in a hot tub, it allows you to take the weight off painful muscles and joints which, in turn, reduces both the pain and stiffness that is often associated with chronic pain. This can provide temporary relieve for a variety of different pains. So, if you are sick and tired of being in pain and, taking a variety of different prescription medications to relieve it, try these great natural non-drug alternatives for chronic pain. You will be amazed at not only the difference in how you feel but also how little you are now relying on the pain pills. 4/26/2018 0 Comments Do You Know How to Quit Smoking?All smokers know that smoking is not good for them. They want to quit but fail each and every time. They give up and start believing that they can't stop. But is it impossible to stop smoking? No, it's not impossible to give up smoking. However, there are certain things which you need to keep in mind while quitting.
So what are these things that you should keep in mind if you want to quit smoking? Well, here they are: * Quit Smoking only when you are fully prepared Yes, don't just say I quit smoking today and stop. The chances are that you will fail. You need to have a proper plan. You need help. You need to know what to expect while quitting smoking. You need to know about the withdrawal symptoms and about the urge to smoke. So how can you do this? Consult a physician. An ex-smoker can offer great advice. Your family and friends can provide you with the best support possible. Only set a date to quit smoking, when you are fully prepared for it. * Replace unhealthy habits with healthy ones Smoking is probably not the only unhealthy habit that you have. There may be others. If you want to successfully quit smoking, you need to replace these habits with healthy ones. Alcohol and caffeine are not good for you, if you want to stop smoking. So replace them with vegetable and fruit juices. Replace fast food with home-cooked healthy food. Include more fruits and vegetables in your diet. And drink lots of water, especially in the first few days. The water will help cleanse your body of the nicotine and other toxins which have accumulated in your system. * Learn ways to deal with stress The chances are that whenever you felt stressed out, you went for a smoke. So what are you going to do when you have quit smoking and you are in a stressful situation? Learn a few ways to deal with stress. Exercising regularly will help keep stress under control. Learn to meditate. Just simple deep breathing for about fifteen minutes will help you handle you emotions in a much better way. Whenever you are in a stressful situation, try and talk it out with a friend. Or you can just write down your thoughts and feelings. The better you are at dealing with stress, the more likely you are to stay off cigarettes. Cigarette smoking is injurious to health. We have all read that and we all accept that. So we should try our best to avoid smoking. But nothing can be achieved without proper thinking and without a proper plan. So know what to expect and know what to do while you are trying to quit smoking and success will be yours. |
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