Baccarat Baccarat - the best small business

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I dont know if you guys are big on keeping records but I am. records are hard cold facts, pure data, no Bs of what your track record is, no matter what system you are playing. records dont lie and when you look back at hundreds of sessions where you see that your losing martys are much fewer then the odds dictate, I dont know about you but to me it is a "confidence booster".
no more you said,he said, I think, she said,ect....just facts. that is what helps me during down times.
and another thing, I am at a point where I think by now no one should ever think there is only one road that leads to Rome.
to each his own because it has to feet your "PERSONALITY", so what one may be able to perform at a table another may not.
R.

 

To me, a non system player does things in random eg randam BS and/or random MM.
To me, what you are describing is a system player itself. Every decision made is based on some rule, not a random outcome.
I get the "won't be able to keep track of everything" part. Happens whenever your approach/system becomes too complicated.

Would appreciate it if you could go ahead and find out for yourself what a trailing stop is.
I prefer that over fixed stop win and stop loss.
The size of my trailing stop is determined from my 1000s of practical play records.
Everyone has their own customized approach/system because individual preferences.

 

Whatever works for you; works. The objective is to win; win consistently and win long term.

And support the notion that Baccarat is indeed the best small business. ​

 

Hey hey Soxster! Glad to see you're well. Johno, huh? Those were the days....

How are you, LY!? Been a long time...too long.

As far as "how are things?"; I haven't been to a casino for a year now. And I refuse to play with any on-line baccarat.

So, I miss it. I loved the challenge that I faced playing a "negative expectancy" game...had not as much to do about the dollars as it did about the dare. There was myself and a handful of other regulars that I knew with a "nod of the head" or a quick "hello" that approached this game with the common mindset that seemed to put us "one step ahead" of the casino at all times...win or lose. I miss it.

 

Joe, while I'm flattered with your interest, I play alone.

Years ago, I had a "playing partner". It happens to be a great idea when you're first getting your footing into this game, because the "playing partner" helps in keeping you and your play on the "straight and narrow" (read: patient, consistent, and disciplined). Why? Because you'll find yourself worrying more about their positive results than your own, sort of like being responsible for their money.

But that was years ago when both I and my partner had benefitted from the experience. No need any more, for either of us. Now, I prefer to play alone.

 

I wasn't looking for a playing partner or had any intention of playing with you but to just observe what you do that makes you a consistent winner and perhaps ask some questions here and there, but if you rather play alone then I can respect that. Lungyeh provided some valuable information in this thread for me to play better not so much in baccarat but in other games I normally play and honestly I have fared better in the last month or so that I have been in the casinos just being able to control the losses. It would be really tough to keep on winning if you are in the casinos 4 weeks straight, but I managed to be up so far playing whatever that isn't baccarat; although I had an opportunity at a $100 minimum table at Hard Rock that ran 3B 3P 3B 3P 4B 3P 4B 3P.

I was at Bally's to eat dinner in their Laurel lounge and I was just walking around the Asian pit and on the board below a woman and her husband/boyfriend lost thousands (which makes no sense to me at all unless she was a hell bent anti-trend bettor) while all the others won thousands.




Well, good luck to you and just may be I will run into you if you still frequent AC casinos. If you frequent Borgata, then you probably met my parents who have been playing baccarat there 2 weeks a month for the past 10 years or so.

 

What games do you play Lousy Gambler?

Given the diversity of approaches to the game, which parts of the loss management did you find applicable to your own game? Care to share please?

Some posters here are kind of offensive but your postings of your own experience will be helpful to those seeking to improve their own games.

 

I totally agree on your views BUT a trailing stop is almost like asking a cat not to eat fish. When someone say this is my last hand win or lose, roughly 80% lied.

 

I play Blackjack, Pai Gow Tiles, Asia Poker, and Pai Gow Poker (only if the position selection is done by dice).

I used to play Blackjack only for 20+ years until the automatic shufflers came around and it's not the same as the hand shuffles as far as the dealers breaking when they should, so I'm losing faith in that game unless I'm in the high limit pit playing $100 minimum where you can ask for a hand shuffle. In some casinos, it's always the hand shuffles in the high limit pit so it can't be just me thinking negatively about the shuffling machines.

Even after 30+ years, I still haven't mastered the simple mantra of gambling; bet big when winning and bet minimum or walk away when losing. Chasing is the worst and yet I still do it. If I followed stopping when losing 3 out of 4 or 3 losses in a row, then I can't even imagine how much money I would have saved all these years.

It's not like I didn't know any of the stuff on this thread, but having read your MM logic made me focus in controlling the losses. So, I'm doing my best to control my chimp from chasing by continuing to play when losing badly, i.e. at least 3 LIAR. It's been only a month since I found this thread, so we will see how it goes going forward but I'm definitely getting better at walking away from the tables instead of staying and fighting when things get really bad.

Just two weeks ago, on a Pai Gow Tiles table at Caesars AC, the dealer was hot as hell even with the dice as the position selector. A young woman to the right of me lost $5,700 betting $100 to $200 a hand in a matter of couple of hours. I lost $600 in less than 1/2 hour before I walked away but I should have walked away much sooner if I followed the stoppage logic at 3 LIAR. I went to Bally's which is just the next door and I recovered all plus a little extra so I quit, which is another problem I need to master, i.e. NEVER WALK AWAY WHEN WINNING. Your MM is right about when to quit and I need to practice that too.

Honestly, I constantly remind myself to walk away when losing 3 out of 4 or 3 losses in a row, but that's so tough to practice in reality unless I was a robot. If this thread somehow changes my gambling behavior and leads me to better outcomes, then it's all thanks to you for sure.

 

You don’t obviously understand what a trailing stop is . The statement you used as an example is incorrect and doesn’t mean trailing stop. Also not quite sure how you got 80% lied from. Was that as you dealt cards or read somewhere or just a number pulled from your thin air?

Trailing stop loss means ( stock market term , its principal can be applied to gambling) you have made a profit on your trade,( game ) and to lock up profit you set a trailing stop on the current trade at say 2 pips from current position/price. If the market reversed while you are away perhaps doing a google gloss on some random website, you trade is terminated , therefore locking in profit less the 2pips you were willing to give up .

The theory was your trade would continue to gather more profit as the market rose on your long or short position, as the share value increased your trailing stop would follow the market price up. The trailing stop doesn’t follow the market price down but remain fixed at the example 2pips below current market price. When the declining price strike the trailing stop you are taken out of the trade.

The stop loss is a totally different trade tool it is designed to stop a loss at a fixed point usually instigated at the beginning of a trade set up. Then and only when your trade has started to make a PROFIT would you switch to a TRAILING STOP.

In the example of baccarat it is used thus.
EXAMPLE of STOP LOSS.
I have a stop loss of -3 units ( flat betting) to the start of play, my results are WLLWLLL my -3 units stop loss for this game has been struck, I finish my play and leave , my professional mindset.

EXAMPLE of TRAILING STOP
My initial game has been winning and I’m up 12 unit ( flat betting) I instigate a trailing stop of 2 units from this hand forward , meaning if I lose over the next few hands the least amount I will leave the game with is 10 units.
If I manage to say get the next results as WLWWWLW my profit is now 15 units and my trailing stop is of 2 units is now a 13 units profit, so my next result is
W L W L L W W L L I’m trailing stop out at +14 units as I was only willing to forgo a loss of 2 in a row.

I have allowed the game to continue to give me a profit for as long as possible within the self imposed parameters, it will be up to the individual to adhere to their own rules.

The example you gave the punter was gambling similar to the all in people you post about other posts going all in and winning lol which most people reading would see that is just foolish playing and foolish posting . The majority of people that do as you posted are not there day after day for a full year as YOU are fully aware of that fact. If your not aware of that FACT, you are now.
Cheers

 

1) “Dare to win” and “Scared to lose” ya.
2) Set a win target. My suggestion was 70-100% of bankroll. Once that is achieved, you MAY continue playing. Stop when you lose back 30% of your winnings.
3) Never stop playing in a winning sequence. Only stop when you lose a bet.
4) If one can search for a bet selection system and abide by rigid rules, then I am sure one can abide by rigid rules for MM. Tough but workable.

Stay blessed; you and yours.

 

Sure, I know what a Trailing Stop Loss is. Been doing that for years in the stock market. Anyway thanks for explaining what it is. Some people will find it helpful. Not only I know what it is, I even know the Best % trail stop in the NYSE. It's between 30-35%. One can also put in $$ amount instead of % amount.
What I am implying is people can plan but if the plan are subjective and highly vulnerable , many would fell through. Yes, 80% of people saying one more hand will actually play more than one.
By not having a Stop Win means you only have a Target Win and when that target is reached, 1/2 of the time you will reach another plateau but 1/2 of the time you fell below your target win because of the trailing stop. In that scenario one has to have the POWER to walk away a Diminished Winner. Moreover, if you are not a Flat Bettor, your trail stop could mean just 1 loss.

 

This thread is about Monet Management not ab out Bet Selection or how to win at Baccarat..

That is up to an individual for further research into the classic game .

Not available on forums .

 

Yes you are correct, my apologies to original thread starter, was not my intention to helping facilitate hijacking of thread from original theme.

The small pebble suddenly becomes a snowball

My apologies Lungyeh
Cheers

 

No issue Punkcity. Its good to let the mind wander. How’s the going Down Under?

 

I would not claim to be someone of high intelligence but maybe intelligent enough to understand simple facts. Going through some of the threads, I have the following issues:-

1) all systems are or should be based on mathematical theories or probabilities; are they not? Are there systems based on trends or anti trends?

2) according to the mathsnazis, mathszombies or kindly, the mathswiz, systems will not work and baccarat is a gave of -ve expectations and one cannot win

3) if the maths guys believe mathematically, baccarat cannot be beaten and systems (which I assume are maths based) also cannot be beaten, then why are they running down players with an inclination for trends or anti trends?

4) or are theories expounded here for argument sake or for self gratification?

5) if the maths experts say it cannot be beaten wtf are they still commenting here? Go find something else to do. The people who endorse trend or anti trend with proper MM do believe baccarat can be beaten.

Peace.

 

Finally some sunshine here in east coast skippy island ,
Cheers

 

My honest opinion
They ,those you posted above , are really just degenerate gambler, most of them have posted at some point on this forum that they have played, degenerate at least, hypocritical at the most . They scout the forum secretly hoping to find something that works to justify their gambling addiction yet they are their own worst enemy by constantly sabotage any thing they do.

When it doesn’t work because they cannot think outside the box regarding anything they fall on the regurgitation of it cannot be done because I can’t do it so therefore you or nobody else can do it either because I CANNOT do it and I’m so much better than all of you because I’m a degenerate that believe in maths and my penance is to deride all of you because etc etc etc.
lol
They are harmless really.
Cheers

 

That is what the ignore function is for.

 

At Gamblers Glen there was a cat who promoted hidden math. A very severe case if there ever was one .