Who wrote poker a guaranteed income for life
Apr 22, · Online poker can be the opportunity of a lifetime for a young entrepreneur, which is why many of us in the poker world find the Department of Justice’s crusade against the game so curious. Democrats have marched hard to the left in the past few years, and they move into in charge of the U.S. House. We’ll soon discover to what extent extremist progressives now control the party. Apr 15, · Editor’s Note: only fully-professional poker players should rely on poker as a source of income. Only gamble what you can afford to lose and always .
Guaranteed investment contract
Thus if the GIC issuer failed, the monoline insurer could pay back investors instead. Depositing the bond proceeds in a GIC gives the bond issuer the liquidity of having the funds available while earning a higher rate of return than it would earn in a money market account. You can sign in to vote the answer. If it were not possible to do, this class of people would not exist. For the Canadian investment instrument, see Guaranteed Investment Certificate. If you really want to make money in poker you can
Possibility of making money with online poker?
Has anyone make a decent amount of money doing this? If you really want to make money in poker you can If you know how to play you can make some extra cash The only sure way of making money is by playing ALOT with good understanding of poker. By playing a lot you eliminate the variance. For example imagine flipping a coin But if you flip ALOT it is very unlikely to get heads out of times.
The luck balances out the more you play. If you are asking if you can make a steady income out of playing poker online then the honest answer is no, that's why they call it gambling. If you are a good poker player then i have no doubt depending on who you are playing and how the cards fall you could make some money, though you should not expect this to be a regular source of income. Often it is harder and easier playing poker online as it is harder to observe other players reaction's and so you can only go on how they bet.
It has often been said that you don't play the cards you play the people. I used to run my own poker games and made a bit of money out of it though rarely played myself because i know how easy it is to lose. Some of my friend are proffesional gamblers and one week they will be going on expensive holidays, the next selling there car for money.
The difference between a good poker player and an average one is the ability to read the opponent's face and body language. This skill disappears in online poker, so it becomes much more a game of luck. Can someone win? Sure, but the odds are against you, and the skills I described above are useless. The fact of the matter is that a significant number of people exist who play online poker for income, both full-time and part-time.
A guaranteed investment contract GIC is a contract that guarantees repayment of principal and a fixed or floating interest rate for a predetermined period of time. Guaranteed investment contracts are typically issued by life insurance companies qualified for favorable tax status under the Internal Revenue Code for example, k plans. A GIC is used primarily as a vehicle that yields a higher return than a savings account or United States Treasury securities and GICs are often used as investments for stable value funds.
Example: Funds obtained through a municipal bond issuance will generally take time to be drawn down. Depositing the bond proceeds in a GIC gives the bond issuer the liquidity of having the funds available while earning a higher rate of return than it would earn in a money market account. As of , a large amount of people's k retirement money had been invested into GICs.
However, when life insurance companies started failing, people began to lose their faith in GICs as a product. So many people redeemed Executive GICs that it couldn't pay all that it owed.
It was 'failed' and seized by the government. Investors who had bought GICs, such as the Unisys employee fund, found that their money was frozen. This resulted in a lawsuit against Unisys. Thus if the GIC issuer failed, the monoline insurer could pay back investors instead. In the late s, AIG , a holding company and not an insurance company, was bailed out by the federal government to the tune of over a hundred billion dollars.
The NY Times reported that some of the government money at least 9 billion dollars was used to pay out on "Guaranteed Investment Agreement" contracts that AIG had sold to investors. Many large banks and other companies were named as 'co-conspirators'  .
High Stakes Poker is a cash game poker television program which was broadcast by the cable television network GSN in the United States. The poker variant played on the show is no limit Texas hold 'em. The first 4 seasons ran from January 16, to December 17, In the sixth season, Kara Scott replaced Benza as Kaplan's co-host, with Scott conducting interviews from the poker room floor. The second season, taped at The Palms and consisting of 16 episodes, premiered on June 5, and ended on September 18, Season four finished airing on December 17, and featured 17 episodes.
The network cited the show's strong ratings performance in younger demographics. The format for season 5 differed slightly from its predecessors by having Kaplan and Benza not appear on camera until after the first commercial break in the show, rather than at the outset. The sixth season aired with three different groups of players throughout 13 episodes. Sponsored Full Tilt Poker pros were required to boycott the show this time around, as rival site PokerStars became its official sponsors. Scheinberg et al.
When it first aired, High Stakes Poker was unique among televised poker series because it did not take place in a tournament setting. Instead, the program showed a high-stakes cash game. Unlike in poker tournaments , the chips involved represent real money. In addition, players may use cash instead of casino chips. Cash plays and stays as cash in the pot; it does not have to be converted into casino chips.
Unlike tournament poker, blinds and antes are constant, instead of increasing as time goes on. The players include poker professionals along with amateurs such as Jerry Buss and Fred Chamanara. The show was created by executive producer Henry Orenstein. Gold also spoke about his interactions with other players, particularly Mike Matusow. Gold's three kings. Gold moved all-in and Antonius called. With such a large amount at stake, the players agreed to run the river deal the river card three times.
Antonius' calm demeanor after the hand prompted host A. Benza to comment, "I'll tell you one thing: Patrik can take a punch. Imagine if that was Phil Hellmuth. Brunson bet the turn, and Laliberte raised and Brunson moved all-in and was called. The players agreed to run the river twice. After the hand, Brunson said, "When you don't make a pair for eight hours, you go crazy.