Tips and Strategies For Wits & Wagers 2nd Edition Board Game

If you are looking for a different type of family board game, I’m going to share one with you that you might not have heard of. Maybe I’m just not “with it” but I just discovered this game this past Christmas when I was searching for a family type game that would be fun for adults, yet easy enough for an 8 year old kid.

The name of the game is Wits and Wagers by the maker North Star Games. They are known for making games that are quick to learn, that keep all players involved all the time, and for keeping the games short (about 20 minutes).

Here’s a quick introduction.

Basically everyone contributes a numerical answer, which are then spread across the board with corresponding payout odds for each answer. All players then have 30 seconds to place a wager on the answer they feel is correct (or closest to without going over). Seven rounds are played to complete one game. The person with the most chips wins.

Strategy 1: If you don’t have the slightest clue as to what the answer might be, ride with the person you think probably knows the answer. In other words, place your bets where that person placed his/her bet(s). If it is a football question, copy the person who you think is knowledgeable in football.

Strategy 2: With strategy 1 in mind, you can spurt out a subtle bluff when the question is read. For example, if the question asks, “What percentage of American’s pay their credit card bill in full?” You can blurt out, “Ohhhhh, I just read about that last week….” even though you have no clue what the answer is. You then bet heavily on your answer to lure other players to ride with you but at the last minute, move your chips to the answer you think is correct. Hopefully they had bet heavily and lose a bunch of their chips.

Strategy 3: Similar to strategy 2, if you are knowledgeable in a certain subject and the other players know that, purposely submit the wrong answer and, again, bet heavily on your answer to lure others in. Move your chips at the last minute.

Common Sense Strategy: Know how many chips each player has at the ending part of the game. If you are the chip leader and the (current) second place player cannot catch up with you even if he/she bet all their chips and won, do not risk your stack of chips. In other words, do not risk more than necessary (this is a GREAT lesson applicable in life as well).

Tip: Write your name on your (erasable) white board so players know who to return the boards to (the boards are color coded but names are easier to remember).

Tip: Use a count down timer that beeps instead of the sand timer that’s included in the game. Usually everyone is so involved in the game that no one watches the timer.

Tip: If you want to stir up a discussion on a particular subject or event, create your own (7) questions that are hard to guess exactly, but ones that the group might have some idea about. This is a sneaky way for the host to surface his/her agenda.

Wits & Wagers 2nd Edition appeals to people who like games that require knowledge, to people who like gambling, and to people who like the party/social type of games.

Poker Software and Using the PFR% Indicator

When you first start using poker software you may find like many others have, that all of the information being presented for you can be a little overwhelming and entirely confusing. So it’s best to approach it one indicator at a time. PFR, or preflop raising percentage is one of those indicators that is very significant because it can instantly show you how aggressive your online poker opponents are.

So pre flop raise is rather much straightforward, at least on the surface. This statistic is very representative of a player’s overall aggressiveness, but it is not the complete story, so lets have a closer look. PFR percentage is how many times a player raises before the flop, divided by how many hands dealt to that player. The higher this number is the more unpredictable your opponent will be.

Now if we go back to the Schoonmaker profile grid the VP$IP is represented on the tight and loose scale because it’s easy to measure this statistic of how many hands a player plays. But when you’re talking about raising – and in this case preflop raising, it effects the passive aggressive scale because this explains how the player entered the pot. For instance, if he doesn’t preflop raise a lot, he would be more on the passive side. If he preflop raises more than he would be tending toward the aggressive side. Now if you combine these two scales, that will start to build an approximate profile gauge of your opponent.

Now this is not the entire story of how aggressive a player can be because preflop raising is just that – it’s only action BEFORE the flop we are discussing here. How he gets into a hand, whether raising or calling goes directly to this poker software indicator.

So what does the stat represent anyway? Well a player with a PFR% of around 9% or 10% is probably rather tight-aggressive, even typical player. If you see an opponent with something like 16% or higher then that would be quite an aggressive character. Think about the hands you get dealt when looking at this number. Do you get good enough cards to raise with 1 of 5 hands? Keep in mind that everything depends on the situation, so the more stats you have collected, the more representative the PFR will be, just like any other stats.

We now know two of the factors that regular cash game players will look at immediately when deciding to play a hand or make a play against an opponent. In fact, you may often read in blog posts or in poker training videos that an opponent is for example 32 -19… At 32 -19 a player would be VPIPing 32 percent and pre-flop raising 19 percent of his hands. You could expect a wide range of hands from this player, many of them being moderate, even weak hole cards played aggressively. Conversely, a 12/6 player who only comes into the pot 12 percent of the time, and only raises 6 percent would be very selective in their hands, and then likely ahead of most of your hole cards.

Imagine just for a moment, playing without this information. No history, no profile, no picture clues. Well how do you play your AJ against either one of them now? Not so clear as to how to what strategy to use now is it? That’s why good players use poker software. A lot of skilled players will only look at those two factors in a preliminary sense, and then when the hand gets more involved will use their poker software to look deeper into that player’s entire profile.

If you just start with these two indicators, VP$IP and PFR% then you can add more as you go along. In fact these two are really all you need at the table, and when you get involved in a hand you can open up more stats in your poker software to look a little deeper into the complete profile of the opponent.

Logic System for Horse Race Betting

The best way to make money is to follow the same system that bookies do. This system can be applied even for casino gambling games. That system is to use logic. Other prominent betting systems are arbitrage and hedge systems. Let us focus on what logic betting system is and how to implement it to get paid better.

What is this logic betting system?

This logic system was developed by mathematicians using logical conclusions drawn from intense analysing different horse races. This is simple and definitely worth a try. Most people lose money on horse races is because they don’t have a plan of investment and they don’t know when to stop. All systems have their own pros and cons.

The governing principle of this system is that 33% of horses that win the races are marked as favourite. Taking that into account, if you bet in 10 games on the winner of the day, you will win 3. Start betting only 2% of your principal amount. Let us say you decide to bet a £150 or $250. 2% of this would be £3 or $5. This is the amount you will bet every time.

Next step in this requires checking the odds. Usually odds for the horses are predicted by analysts and put for public view. The odds should be more than 1.375 for a high percentage of win.

Now for the actual betting plan. Remember this sequence 1-1-2-4-8-16. Bet in the following way when you lose. For the first and second race bet 2% of the stake (£3 or $5). For the third race bet 2*2% of the stake (that is, £6or $10). For the fourth bet 4*2% (£12 or $20). For the fifth bet 8*2% (£24 or $40) and for the sixth, bet 16*2% (£48 or $80).

When you have lost all six games, stop for the day. By this time you would have lost £96 or $ 160. But this is rarely true when you are choosing the winner of the day. Also, when you have won even on game, stop for the day.

Once you have doubled your initial principal amount to £300 or $500, only then can you increase your bet to 2% of this amount. Till then you should keep betting at 2% of the first principal amount only. Now your stake will be £6 or $10. But if you lose money and your balance drops back to £150 or $250, go back to betting £3 or $5.

Your winnings will be low, but it will be steady. Taking that into account, you can win up to 5 times of your initial investment. All you need is patience and the urge to control your greed. By doing that, you can very well retire early.

Betting is an addiction, but you need to keep a steady mind over the shoulders and keep a keen eye over the bank roll.

Private by James Patterson and Maxine Paetro – Discover Where It All Began

This is the first book of the Private series, though I read it after reading many others from the series, which I loved thoroughly and hence started this book with probably a high expectation. This didn’t meet my expectation of providing wholesome entertainment. This book lacked the nail-biting adventure and suspense that I had come to associate with other novels of the series. It was a page turner, but a slow one at that.

The concept is nothing new here, story begins with Jack Morgan taking control of the Private Investigation Agency and soon after receiving a call that his ex-lover and now his best friend’s wife is murdered in her own apartment. Before he can find the killer, he is pulled into solving a gambling scam by his uncle and all this in midst of a serial murderer out in the open, killing school girls. Isn’t that the theme always? Multiple cases being handled by the Private team, one surely being a serial murder case.

The story was okay, well written with the usual twists and turns in the plot but still lacked the thrill somehow. There wasn’t enough grip on the story, nor was their much of a suspense. Story begins with a murder of Jack’s best friend’s wife, where in obviously the husband is the first suspect. Jack calls the police and arranges for his friend to live in a hotel for the time-being. His friend is dazed and has no clue as to why anyone would want to kill his new wife. As Jack himself knew the girl, she was the sweetest of all.

Justine on the other hand, who is the next in command at Private, is busy with helping the Police department solve the serial killings going on in the city of the school girls. Till now eighteen have been killed and they need to stop the killings soon. The only problem being, there are multiple killers, not just one and they are smart, they don’t leave behind any evidence. Justine is going crazy with these killings and wants to stop them as soon as possible, and hence is super stressed and unavailable.

Jack is himself having trouble in his life with some mystery caller threatening for his life, him not being able to commit to his girlfriend and being unable to forget and get over the past. Jack’s uncle shows up one day in his office to take his help uncover a gambling scam going on in the NFL. Jack has a brilliant team, who are all dedicated and never seem to get tired. The story unfolds slowly soon, showing the real culprits, the mysteries are solved and the story reaches its end.

Three Investing Myths To Unlearn Before Investing

I am sure you have heard this axiom: If you don’t know where you are going, you will get there. Many folks investing today are on that path: they are investing without proper knowledge of the stock market, of investment basics, and lacking simple, concise, written goals. Later, these folks will experience great challenges.

Among other things, the Federal Reserve’s Quantitative Easing program, a euphemism for pumping money into the economy, is fueling rising stock markets. This could entice even more folks to invest in stocks because they might see opportunities to ‘make money.’ Beware; before investing, at least, ensure you dispel three popular investment myths, and understand the potential investment’s opportunity cost.

  1. Investing in the stock market is gambling
  2. Low priced stocks, especially those at 52-week lows are worth buying
  3. Investment analysts and advisors know how investments will perform

Investing In The Stock Market Is Gambling

Simplistically, investing is just another spending form. You buy a book, a car, a house, and you buy stocks, bonds, or other investment instruments. The key is to develop a solid process to follow instinctively before spending: a spending decision process.

Your attitude will decide how you behave, and so, you could choose to spend on stocks and bonds – invest – with a gambling motive. That’s why I advise folks never to invest unless they fulfill specific prerequisites, such as being debt free with an established process to replace major assets for cash, and having clear, concise, written investment goals.

Then again, even with clear goals, individuals need to know that consistent, solid earnings is the key sustainer of a business’ value, and ultimately, its stock market price.

Low Priced Stocks, Especially Those At 52-week Lows, Are Worth Buying

Here is a trap to avoid. A stock is trading at its 52-week low, falling over 50%, and you think it presents a buying opportunity. Maybe; on the other hand, maybe not! Likely, that business’ products and services no longer have the capability to produce previously perceived earnings. Alternatively, investment analysts and others may have promoted this business because of some fad or other irrelevant reason. Yahoo! and Nortel are examples of companies whose stock prices traded at unsustainable levels; after the expected collapse, their stock prices did not recover. Many other examples exist, particularly on the Japanese stock exchange.

As I mentioned above, as with all spending, we need to follow a spending decision process before investing. This will allow us to use a fall in stock price as a trigger to identify business’ fundamentals and potential investment opportunities.

Investment Analysts And Advisors Know How Investments Will Perform

When you listen to these folks, you might forget that they, like you and I, have no clue about the future. Some are in conflicts of interest, blinded, and pushing particular products. Others might be sincere but are relying on the past. And we know, the past might not be a good predictor of the future.

Can these folks help? Certainly, but each client must try to understand whom his or her advisor represents, and accept that advisors do not know the future. Accordingly, folks receiving investment advice must be fully aware that they, not their advisors, need to decide when and how to act from advice they get.

Before you start investing, dispel the above three myths, learn key investment basics, and learn and make sure you fulfill specific investing preconditions.

This final point is obvious but often folks overlook it. Investing in the stock market has an opportunity cost; it reduces, by amounts invested, funds available for other purposes. Ten thousand dollars invested in the market could buy a car, pay a portion of a college semester’s fees, or be donated to charity. Therefore, as part of your spending decision process, ask these three questions before deciding to invest:

  1. What other alternatives exists to use funds you are about to invest?
  2. Given your present and expected situation, is this the best use of funds today?
  3. Will you need to replenish these funds to carry out other specific goals in the next three to five years?

© Copyright 2013, Michel A. Bell