Avoid Gambling Away Profit Points In Your Movie Like Casino Chips Or You Will Go Bust


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I think there is a gambling streak in indie filmmakers and movie producers. Not even close to a streak like in one of my favorite gambling movies made – The Gambler (1974). Making movies is not exactly the safest bet, but the action is a rush, and payoffs can be in the millions. Not to mention making one hit indie movie can lead to studio deals where the sky is the limit. Like with professional gamblers, you have to play smart and not take avoidable risks.

I’ve read a few articles and books that have suggested one way to save money on an indie budget is to offer actors and crew members “points” (percent of movie profits) instead of giving them a paycheck, or the preferred form in the indie scene – cold hard cash. They sacrifice being paid upfront for a potential share of any profits the movie makes. On the surface this sounds appealing because hard money doesn’t have to be raised and spent to hire people.

Below the surface there are issues that make giving out points to actors and crew problematic. For many aspiring filmmakers “points” won’t feel like real money they’re dealing with.

It’s similar to people gambling with casino chips. When they’re playing with casino chips it doesn’t feel like real money, even though casino chips do represent real dollar amounts. Casino chips only become real to many people when it’s time cash them in for real money or they have to spend real money to get more.

This same attitude can be seen when giving out “points”. A person can think, “I’m making a movie now (gambling). I’ll worry about cashing out “points” (casino chips) later.

A filmmaker that’s financially shortsighted is more open to offer “points” like Halloween candy to actors and crew. When it does come time to cash in those “points” a filmmaker realizes they’ve shot themselves in the foot if their indie film is successful. Between “points” paid out to actors, crew and film investors (who always get points), they’ll be lucky to earn anything off their own creative talents and sweat equity.

What if you do end up with a hit indie movie on your hands? It nets (money the filmmaker actually receives) one million dollars in profits through some of these potential outlets.

• Theatrical Release
• Domestic DVD and Video Sales
• Sale of Foreign Distribution Rights
• VOD (video on demand) Sales
• Cable/Satellite Television Rights
• Internet Outlets

Just to illustrate the point, here is a clear-cut example. Say there is an actor or crewmember that normally might have been paid $1,000 for their work cashes in their “points.” Even one single point would be worth $10,000. Imagine repeating giving away that much of your movie’s profits on “points” given out.

A filmmaker could be in a position where the only way to get their movie done is to offer “points” to actors or crew, but be judicious when deciding how many “points” to hand out to an actor or key crewmember. Always leave meat on the bone so you can eat too.

Film investors that put up money to make a movie always receive “points.” That’s how a movie investor sees a return on their money, like in another financial investment. Enough “points” will belong to investors that put up money to produce a film without including actor and crew “points” you have to pay out too.

Do not end up a tragic character in your own real life movie that discovers they gambled their movie away. Every person involved made money, except our real life hero who made it possible. Treat “points” like your movie is already going to be a profitable venture.

Buying Chips For Online Gambling

How To Fund Your Internet Gambling Account

Buying chips and credits at online gambling web sites seems to become more difficult with each passing month. Legislative changes combine with policy changes at processing companies to create an environment that is constantly changing and sometimes difficult to keep track of.

The early days of online gambling offered few options for funding your casino or sportsbook account. Prior to the internet poker boom, most sites dealt primarily with credit card billing. A few casinos, mostly using the Microgaming software platform also used a platform by Surefire Commerce, which later became FirePay.

With few options, direct billing of credit cards remained the main option for years, despite the numerous headaches involved. The transactions were considered high risk by banks, so they carried stiff fees, and consumers would often dispute the charges if they did not win. A new alternative was desperately needed, and the PayPal electronic wallet soon stepped up to fill the void.

By the end of 2002, PayPal had been absorbed by online auction giant, eBay.com, and had ceased all internet gambling business. At this time a company called Neteller entered the market to provide an electronic wallet that catered to the online gambling industry. Although many others also entered this market over the next few years, Neteller remained the dominant force in the world of processing payments to and from online casinos, sportsbooks and poker rooms.

In March 2007, Neteller bowed out of the market due to increasing legal pressure from the United States. That is to say that the company stopped processing transactions for the US and Canadian customers that make up the majority of internet gambling customers. Since most people utilized the services provided by Neteller, the move left many wondering exactly what options are still available to them. There are, of course, several methods that are still viable options for funding an internet gambling account.

Credit Cards – It seems that the industry has come full circle, as online gambling sites are once again recommending the use of Visa and Mastercard as the primary method for funding your online gambling account.

ePassporte – ePassporte is an electronic wallet that allows you to send and receive money anonymously to anywhere in the world. The system is based on a prepaid virtual Visa card that is reloadable. You can sign up for an account at epassporte.com

Click2Pay – While ePassporte handles a number of e-commerce industries, Click2Pay is an electronic wallet that was designed specifically for the online gambling industry. This gives Click2Pay an insight into the industry that puts them ahead of the curve when compared to other payment options. Sign up for an account today at click2pay.com

Check By Mail – Old fashioned checks and money orders are always welcomed. The only downside is that you wont have credits in your gambling account immediately, since it takes time for the check to be mailed to the online gambling establishment.

There are other options available for funding gambling accounts. New methods are being added all the time. For an updated list of available options, you can contact the online casino, sportsbook or poker room of your choice. They will be more than happy to tell you the best available option for buying credits to gamble with.

Free Casino Chips and Honest Online Casinos

An understanding of the relevance of free casino chips must be put into its proper context: are the offers of the free chips coming from honest online casinos?

The first online casinos opened 10 years ago, and now there are hundreds that can be found online. Estimates vary as to the number of people who gamble online, but recent estimates suggest that a figure of around seven million worldwide would not be too far out. Taking that into account, and with a further estimate of more than $12 billion spent in online casinos alone (not including physical land-based casinos), offers of free casino chips may understandably be seen as something of a drop in the ocean.

Add to that the question of whether or not these free chips are being offered by honest online casinos, and we enter an area worth some study or serious research.

Firstly, let us consider what these free casino chips are really worth to the individual online casino player. Free casino chips are of four main types:

No Deposit Bonus. This is simply free money. Honest online casinos will offer free casino chips with no strings attached, simply to attract people to play at their virtual tables. There will sometimes be minor strings attached. For example, the casino may ask for credit card details up front. Always read the terms.

Matching Deposit Bonus. This is where the house will match your deposit. Often this is done in multiples. For example, a 200% bonus will mean that if you were to deposit $100 then the casino would add $200 in free casino chips to your account. Very nice! Especially useful for new players starting out.

Uncashable Bonus. This is the so-called ‘sticky’ bonus. This can never be cashed, but its usefulness lies in that fact that it stays in your account and enables you to use the bonus account to ‘leverage’ higher wagers. These free casino chips stay latent in your account simply to allow you to do things which you otherwise could not.

Loyalty Bonus. This is exactly as it sounds. All honest online casinos, and offline ones too, want to keep hold of their good returning customers, and will offer loyalty bonuses, including free casino chips, as a result.

Remember that online casinos can afford to do this because they simply do not have the overhead that their brick and mortar land-based counterparts have. Equally, there is no excuse for an online casino NOT to be honest for exactly the same reason. They can offer free casino chips AND be an honest online casino in circumstances where their physical equivalents would find the financial burden impossible.

So how do we go about identifying which are the honest online casinos and which are not? Well, a lot has changed since the earliest online casinos set up shop in their offshore locations in 1996. Self-regulation (at best dubious) led to accreditation of bodies like ECOGRA (E-Commerce Online Gaming Regulation and Assurance). Look out also for evidence of good customer care, positive feedback from online casino forum members and decent helpline facilities. The more honest online casinos will offer (will actively boast) 24 hour live chat and live email support as well as toll-free telephone help. Does it have a mailing list you can join to keep in contact with the latest tournaments and special offers? Trust lies at the heart of any subscription process (or people would not subscribe) so that in itself is a good indicator of an honest online casino.

Transparency of accounting systems is another good indicator of honest online casinos. When testimonials are published make sure that it is from more than a set of initials, and make sure they have a state or country. Free casino chips may be ‘virtual’ in concept, but they are used by real people!

Best Advantage of Winning/Casino Gambling

If you are someone who likes to have a gamble and is drawn to the bright flashing lights of the slot machines and gambling chips of the casinos, you will be well aware of the addictive quality of these machines as you can spend a lot of time and money with them. The big illusion that the casino gives is that you, the player, are in control as you are given choices. In reality you are at a disadvantage as these slot machines have built-in payout percentages in favour of the house.

There are different types of casino gambling, each have a special kind of attraction that may draw you to it. But if you like to win in casinos, you must look at which game will give you the best advantage of winning. Card games are probably the casino game that gives its players the best chance of winning as you can develop your skill at playing cards and reduce the element of chance. Popular games such as poker and blackjack are games that give players who are skilled the best advantage of winning in the long-term even though a degree of luck are involved.

Blackjack is a card game that requires an element of skill and chance and can turn the odds in your favour by using a betting strategy on the way that the cards have been dealt. In blackjack a player is dealt two cards and the object of the game is to get close to 21 so they can draw as many cards till they get close to that total. After a player receives their cards they have to decide whether to hit or stand. If you stand you are close to 21 but if you hit you need additional cards to get close to 21. Although this is a game of chance it is possible to win if you are observant and can be a lot of fun.

Poker on the other hand is a game of high strategy where players with partially concealed cards bet on a pot, with the pot being awarded to the remaining player with the highest combination of cards. A good poker player can win even with a bad set of cards as they have developed a strategy to learn who the sharper players are and how to deal with them. This takes careful study of each player’s move that will give you the best advantage of winning. The more you play the more you will be able to develop your own strategy for winning at poker.

More On Gambling Systems – System Black Box

In my last article, “Gambling Systems” I talked about gambling systems that involved the actual physical aspects of the games such as the white ball in roulette and the dice in craps. Now I will deal with betting systems that can actually be used in any of the games, except poker.

With the advent of on-line casinos, a whole new world opened up that allowed anyone, anywhere, to gamble. With this phenomena also came a flood of on-line gambling systems. One of these is the very popular, “System Black Box” that capitalizes on the fact that some on-line casinos will offer free gambling “chips” to anyone that signs up with their casino for play. “System Black Box” is designed strictly for on-line casino play. While there are live casinos that have similar offers for free play, it is most often a “match-play” situation in which you must use some of your own money along with the free-play coupon. In other words the coupon is worth $1 if you also play a real dollar with it. Should you win that first bet, you then immediately bet the $2 that you just won, putting the newly acquired house money in play and taking back your $1 original bet. (The $1 coupon is taken, win or lose. It is only good for one play.) If you are considering gambling on-line with any of the games offered, I would encourage you to look into “System Black Box” as a possible tool.

Another very popular betting system is “Betting For Profit” and is also available on-line. The difference is that “Betting For Profit” can work with both on-line play and live play. This system is a bit more in depth and involves an increasing bet according to the last play you made. It is a very good system and also includes what the author calls his “Seven Cardinal Rules Of Gambling.” In “Betting For Profit” you learn how to treat gambling as a business, not as a recreational activity. It is a very realistic approach and can work if you follow the guidelines that are set forth in the method, which is what “Betting For Profit” is actually called. Both “System Black Box” and “Betting For Profit” are what I would call methods as opposed to systems as they both do not deal with the physical aspects of the games and concentrate on betting strategies. I have found, through my extensive experience that betting methods and strategies are really the only valid ways of creating a winning trend in casino gambling. I compare this type of method with playing the stock market, which is of course, just another type of gambling. With the stock market, when someone can double their money, it is a significant gain. With casino gambling, if you want to be successful, you must enter in to that kind of mentality. In “Betting For Profit” the author tells of ways to begin to treat gambling as a business and not as entertainment. This is how a professional gambler approaches gambling. To me, it is akin to guerrilla warfare and in fact must be followed if you are serious about winning. A professional gambler sees gambling as “going to work” instead of entertainment. To gamble professionally you must lose the kind of attitude that puts you at a casino game for fun. That is not to say that you cannot enjoy what you are doing. But you must remember that you are there to make money, not lose it while you are playing and entertaining yourself.

I short, I find that both “System Black Box” and even more so, “Betting For Profit” can actually work for the gambler. With “System Black Box” the player need not know a great deal about the game he or she is playing but must at least know the general rules of whatever game that might be. “Betting For Profit” assumes that the reader is aware of at least some good basic strategy for the chosen game. So the conclusion is that a betting method or procedure can be a valid tool to enable a player to win at casino gambling while the “system” type of play simply does not work and is not really valid. Let me repeat here that when I was working in the casino business, we used to laugh at system players and considered them no threat, while the smart, tough player that knew how to manage his or her money and was able to walk away a winner would more times than not, take a small bite every time that he or she played, and sometimes even a big bite! For more information you can refer back to my previous article, “Gambling Systems”.