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Most gamblers will at one point pr another recall a particular feeling they had at a certain point in their betting careers when something inside whispered to go all in Robin Yount Brewers Jersey , to wager an unusually large bet, to place all their proverbial eggs in a single basket. There's no rational explanation for when these moments arise, or for that matter why they arise at all, but most people feel some sense of divine influence or some external non-reasonable source. Unfortunately, it tends not to work out much the time. It's tempting to sometimes wager everything in a single bet. On a roulette table Jim Gantner Brewers Jersey , for instance, you might suddenly think that black 25 looks inexplicably attractive and place all your chips on that square.

Bearing in mind that a single-square roulette bet will pay at 35:1, that's an enormous profit to make! But the odds of even winning in the first place are against you, which is why most players will use safer betting options to hedge their bets and therefore spread their risk. Of course, the corollary of spreading risk is splitting reward. It's a game of chance that in many ways mirrors the operations of the stock market.

Investors either put their money in high-risk Cecil Cooper Brewers Jersey , even volatile, investments (potentially netting them incredible profits in a short space of time) or in more stable, but less immediate accounts. High-risk investments are fantastic if you have money to spare (that is, money which is non-essential to support the basics of your lifestyle), but devastating if you've put yourself in a reliant position - hoping Glenn Robinson Brewers Jersey , perhaps, that a quick and large-scale reward could help settle a debt of some sort. These schemes often fail with disastrous effects.

On further inspection, then, that tiny voice at the back of your mind whispering the seductive advice to bet big, increase risk Paul Molitor Brewers Jersey , and go all in is probably just the voice of illogical hope. Could you win and walk away wealthy? The chance is there. But it's fairly low. Admittedly, though, a fair number of stories exist of players who have beaten their odds and won inexplicably large sums of money.

Stories like Patricia Demauro, who defied all odds when in 2003 she maintained a 4-hour lucky winning streak at the Borgata in Atlantic City. Demauro used a mere $100 buy-in, and had rolled 154 times before finally crapping out. The hotel attached to the casino where she began her massive winning spree was so excited for Ms Demauro that they broke out a bottle of champagne to celebrate her amazing win.

Stories like Demauro's are inspiring. They're a testament to the fact that even the most unlikely win is still possible. It's not probable Christian Yelich Brewers Jersey , but occasionally fate might decide to smile on you. The next time you hear that still small voice to bet huge, bet with risk, and hope for the best - Think of Demauro, but also think of the many thousands of others who have not been so lucky.Mortgages From The Past And The Present
Posted by nick_niesen on October 29th, 2010


There are mortgages and there are mortgages. If you want to buy a house Mike Moustakas Brewers Jersey , it is likely that you will be flooded with offers from all kinds of finance companies and loan providers as they try to win you over. Each loan provider will advertise to you, the best possible loans that they have on offer. If you are looking for cheap mortgages, just relax. Most loan providers have an array of loans and mortgages to suit the house buyer on a budget.


These days it is hardly possible to fund all our necessities directly from our savings. Loan providers understand that and are willing to provide you with the ideal mortgage offer. Over the years we have seen various developments in the world of personal and housing finance. One popular development that had emerged some time ago in the United Kingdom was the endowment mortgage.


Although endowment mortgages are relatively unpopular now, there was a time when people thought it was a great bargain. Endowment mortgages allowed people to pay only the loan amount every month. How would this benefit the mortgage company? When taking out an endowment mortgage, the borrower was required to take out a life assurance policy for the period of the loan. These mortgages involved long term commitment and the duration was usually about twenty-five years. How did this help? The interest-only policy allowed the borrower to save up enough to repay the loan. However Ryan Braun Brewers Jersey , if he was unable to do so, the life assurance policy that he had taken out would help foot the bill.


Sounds very convenient doesn't it? However, there was one tiny glitch. Now, the repayment of the loan would depend on the endowment funds. Thus, it became necessary that the funds into which the investments were made should perform well. However Lorenzo Cain Brewers Jersey , one can never say when things will start going wrong.


After the initial popularity of endowment mortgages in a flourishing market where people actually got bonuses over and above their investment, there was bound to be a shift. A major shift came in the early 1990s, when the UK markets plunged into recession. There was a major market collapse which adversely affected many endowments. The crisis was so bad that companies had to revert to repayment mortgages.


Endowment mortgages have never again regained their popularity. And why should they? After all, the markets are flooded with all kinds of attractive loans. Figure out what kind of a loan you are looking for, and get ready to be bombarded by all sorts of offers.

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