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Baccarat Baccarat - the best small business

Discussion in 'Baccarat Forum' started by Lungyeh, Sep 13, 2020.

  1. Lungyeh

    Lungyeh Well-Known Member

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    I thought about the discussions going on in Oscar Grind.

    -ve 100+ units in a shoe is like a common occurence. In a session, it can go up to > - 1000 for a fightback. A pithole by any definition except in Oscar’s Grind.

    So stop if you make 200 units for a session bankroll of 2000 units? Thats 10%. Thats breakfast for ND and he doesnt have to go through this hell and back. If one wants to win 10%, a loss management procedure of stop at 3/3 or 3/4 and having a decent bet selection method (whether it be Bankers only or pattern recognition and not shrinking during the Hot Phase, its business as usual for the day.

    Unless one decides on managing a team approach with enough ammunition and no discretion; just following SOP, I dont see how I can endorse this.

    And the emotions of handling 1 unit and 15 units (same as the Craps’ -ve Marty except that Jae is talking in bigger absolute numbers like Mr X) are totally different. For Craps situation make the 5th bet once and recover 1 unit. In Jae’s situation, you have to bet 15 units win, bet 16 win, bet 17 and so on to claw back the drawdown.


    At 5 dozen years of age, life is too short for bad wine and life’s too short for Oscar’s Grind.
     
    Nathan Detroit and mansi19896 like this.
  2. Lungyeh

    Lungyeh Well-Known Member

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    Just read a Warren Buffet quote -

    Business is not like the Olympics. You dont get extra points for something that is difficult to do.
     
    mansi19896 likes this.
  3. Craps

    Craps Well-Known Member

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    There are pros and cons in any approach in Baccarat. By making the statement of a particular situation is what I considered Short Sighted.
     
  4. Jae

    Jae Well-Known Member

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    In one shoe as I gave an example for, yes, Oscar had a drawdown of just over -100. -100 has very little affect on a bankroll of 2,000 units. In that very same shoe, there was a player run of 14 IAR. To a martingale player, the 14th decision would put them down -16,383 units. In order to survive that run, their next bet would be 16,384 units, risking over 30,000 units. They couldn’t make the 15th bet because of table maximum. But even if they could and they had the bankroll, the commission would eat them alive. I won’t compare other systems, but at the end of it, even being down 100 units, I still made $16,000 in 45 minutes. No matter how old someone is, that doesn’t sound like a waste of time. In my opinion, life is too short to play any other way.
     
    Last edited: Apr 26, 2021
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  5. Lungyeh

    Lungyeh Well-Known Member

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    Craps, I mentioned several times and welcome the different approaches. And made efforts to understand where such efforts would not be wasted. I think Jae is good, successful and professional. Just different approach.

    Having said that on MY thread, I express an opinion, having considered all facts and in relation to what I am proposing, that it is something not for me.

    If that is short sightedness for you, I am sorry. You could avoid short sighted opinions here on this thread and go to your long sighted thread all of 2 pages and post your Martingale.

    One can disagree without adding name calling. That is, insulting. And short sighted.
     
    Last edited: Apr 26, 2021
  6. Lungyeh

    Lungyeh Well-Known Member

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    Hei Jae, firstly I thank you for your many responses which I find interesting. You have been professional and your success speaks for itself. Sorry if the intonation was not right. Just different approaches. I did spend an inordinate amount of time trying to study your approach. Like I said, it is an approach that can work on a team scale.

    The negative Martingale example I gave was of another member who proposed a 5 step negative Martingale. His way was to bust out at the 5th step. No more.

    And if Oscar works for you, I am more than happy. My thread title is Baccarat as the best small business. Your success is a validation of the title. All roads lead to Rome?!

    Stay blessed; you and yours. Peace
     
    Jae likes this.
  7. Jimske

    Jimske Well-Known Member Founding Member

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    Chill peeps! I never looked at Oscar much before. But looking at it I think it has merit particularly with a fixed bet placement. With the right mindset it shouldn't be that stressful. A time consuming grind, yes. I am wondering if after all is said and done what are average units won per shoe. Forget about increasing base unit for a minute. Does it gain more than 3 or 4 units a shoe over a significant number of trials? Let's say 10,000 wagers. I'll run a $5 game for 100 shoes in my spare time and see what develops.

    For now I still like my staged progression.

    Cheers
     
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  8. Lungyeh

    Lungyeh Well-Known Member

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    Let us know Jimske though I can only try it out in MBS, if I ever will. There are severe limits to the online platform I now use once in awhile now.

    Also, in MBS (brick & mortar casino in Spore), the maximum bet for stadium baccarat is S$1000 and the minimum is $10, I remember. The normal tables vary 50/300,000, 100/300,000, 300/500,000, 500/750,000, 1,000/1,000,000
     
    Jae likes this.
  9. Jae

    Jae Well-Known Member

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    I can’t remember my numbers, but I have crunched this before. If you play every hand in a shoe, I think you’ll average about 8-10 units of profit. I also can’t remember if that is taking account fit commission. This is one of the many reasons why I wait doe a position to make more, but at the end of the day, it might average out to something similar minus commission, I’ll make more waiting. But there are other perks to not waiting, you see more action, you’ll gain more points and player perks if you use a card, but as far as general profit goes, I’d be interested in seeing your results.
     
  10. Craps

    Craps Well-Known Member

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    I really don't care about how people go about doing Baccarat. I am specifically reacting to the reply on that particular statement and you branch out to accusations of name calling. Don't you agree you are short sighted to that particular comment of that last bet in Martingale? You made it sound like when you win is 1 unit and when you lose is 31 units when Baccarat pays 1 to 1
     
    Last edited: Apr 26, 2021
  11. Lungyeh

    Lungyeh Well-Known Member

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    I should spend my limited available time on productive discussions than on engaging with snowflake skin types ignored and desperate for indulgence.

    There are people who will start a fight with their own shadows in a room...
     
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  12. Craps

    Craps Well-Known Member

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    Tai Chi master. A discussion is about discussion and people can be right or wrong or inconsistent. You are indirectly saying you never wrong.
     
  13. Lungyeh

    Lungyeh Well-Known Member

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    To err is human. So too, to ignore....
     
  14. Nathan Detroit

    Nathan Detroit Well-Known Member Founding Member

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    Nothing is ever wrong even a stopped clock is correct twice a day .
     

  15. Craps

    Craps Well-Known Member

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    So he is correct once out of 32 times. Something he failed or refused to mention.
     
  16. Garfield

    Garfield Active Member

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    Well....why I'm not surprised this thread is among the most popular ones.... but sadly nothing new...just like a broken record?

    Hope y'all stay safe and healthy...
     
  17. Jimske

    Jimske Well-Known Member Founding Member

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    Lol you want new? Post something new.:)
     
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  18. Nathan Detroit

    Nathan Detroit Well-Known Member Founding Member

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    Post something new? Like an old hat ?
     
  19. Jimske

    Jimske Well-Known Member Founding Member

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    In your case maybe just post anything of value?
     
  20. Nathan Detroit

    Nathan Detroit Well-Known Member Founding Member

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    What value ? Old shoe reports from a time gone by ? Dead meat .
     
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