Baccarat Baccarat - the best small business

Remember Punkcity, it might at times seem like I'm hard on other people or point out perceived errors. I am so much worse on myself.

That's not a joke or funny.

I second guess myself so much I'm not even sure I should second guess myself...(that was the joke)

 

Left there.
Cheers

 

You should never allow anyone or anything to distract you--because...wait, what was I saying?

Just to cheer you up:

 

This whole thread is distracting

 

Every year (pre pandemic) I host a poker session at my house. At night by the pool. Close friends. Bordeaux wines, single malt whisky and Cohiba cigars (the Cuban ones not the namesake American ones).

So in early 2019 we were all sitting down to our game. Chips 5,000 per person. Can ask for more after each game but each game is limited to whatever chips you have at the beginning of each igame. 5 of us. A sixth guest arrived for the first time, a casino junket. The largest in town and a school mate. All were either school mates or business associates.

Every year its friendly and I enjoyed the camaraderie and thats why I host the sessions even though I tend to lose every year. This particular year things got a bit scrappy. As we were discussing the casino junket’s operations, suddenly one of the friends, Z, started off ‘Junkets are the worst scams on earth’. The game stopped halfway and I was like ‘ WTF. Why so random?’ As the casino junket’s jaw dropped, the guy nonchalantly went on ‘ They provide credit to people to gamble knowing that these people will lose and get themselves into debt.’ Then the expletives followed. The casino junket guy, to his credit, stood up and said his good night and asked me as host to let him know his winnings later as he left. After that and a long pause the camaraderie returned. And Z continued his tirade against casino junkets.

In Asia and alsonin Australia, the casino business depends substantially on the junkets’ business. Some of the junkets are even publicly listed on the HK stock exchange. I am given to understand that one big time junket paid US$1billion to cordon off an area in a Macau casino as his own. The 1 billion is like a rental onlg. He still has to provide the capital and the customers to come and gamble in his area. And still big and profitable enough to be public listed!

It was public news a few years back when a big mainland Chinese gambler ended up owing the junket US$100 million. When the junket went to China to collect, he was killed. And the reason the businessman gave was he got into a dispute with the junket because the junket knowingly knew the businessman is not good for credit of such a huge amount yet the junket enticed or otherwise made available credit when it should not.

This is a pre-amble on how baccarat as a business is carried out. On the other hand one can connect correctly and start a business with no capital and funded by junkets. But my advise is dont. Like Z said, most of them operate unethically and really are the scumbags of the earth. Junkets or junks and those with a ‘king’ attached. Or prince. Or whatever.

 

So why do the people use junkets?

1) the junkets make available credit for you at the casino of your choice without you going through the trouble of remitting money to the casino and making the forex transactions or like someone here who posted his low level VIP member card and then went on to narrate how he broke customs laws transporting cash in his pockets. Lmfao.

Settle after your trip. If you lose you pay in your local currency equivalent. 1 week to 1 month credit period depending but mostly one week. If you win, payment can be within 24 hours in any manner you wish.

2) you get a payback rolling commission and also a freebie commission. It varies but one can negotiate for 1-1.5% rolling commission depending on casino and country. The more popular the casino or country the lower the rolling commission.

3) In addition, you are given a freebie commission of 0.1% to account for your room and food.

4) The junkets assign a staff 24 hours for you and your group. Making sure room and food available. Chips are ready. Etc etc.

 

What is a rolling commission? It is a certain percentage of the amount you ‘rolled’ or bet through. Assume you have 100,000 worth of chips. And everytime you bet 5000. Each time you win you get paid your normal 4750 or 5000 or 2500 if pay half baccarat.

If you lose, each time you lose, it is recorded as your rolling amount. So for your whole trip, the total bet through losses are accumulated as your rolling amount. Wins are not added.

In most casinos, the surer way of calculating the rolling amount is by using rolling chips. So lets say you start with 100,000 rolling chips. Everytime you lose they take away your rolling chips. Everytime you win they pay you the normal cash chips. When all your rolling chips are finished you then change your cash chips to rolling chips and start rolling again. So the junket and the casino will both keep track of the total rolling chips you have used.

I am told that the norm is that the total rolling amount is 9-10 times the amount of credit you use. So suppose you have arranged for the junket to let you have a credit of 100,000. Per trip your rolling amount would be 900,000 to 1,000,000. So if it is 1,000,000 your rolling commission is 10,000 and your freebie commission is 1,000.

You can ask for cash for the rolling commission or for chips to play some more, especially when you have lost. The freebie commission is not refunded even if you underutilise it.

Does not apply to the low level trash talking casino member card checking in with cash cross international borders ya. Lmfao

 

But it is important to keep your self control. If one uses the junkets, it is for their convenience as they offer a lot of services as per above.

The problem really is when one asks for credit more than one can settle and when they lose, they lose control and ask for more credit. A responsible junket will know how to control the amounts to advance as non collectibles affect their working capital as well. But the crux of the issue is that some customers may overstretch themselves and do.

All said, one has to be responsible for their own actions. As an individual as well. If we struggle to make a living, its all too easy to blame another country or another peoples. We make our own destiny. Work towards being a global citizen. Stay anywhere you want and breathe any air you want. Mix with the people who sync with you, are positive and not obnoxious. Fly anywhere you want. Because you can afford it. Baccarat can make your dreams come true as a profitable business with small starting capital.

 

My edit.
The circle is completed.
The topic is back on track.
I agree entirely
Baccarat the best small business, this topic, this thread.
Thanks.

 

I called a friend in casino surveillance and found out how that famous pro gambler used "the turn" in a baccarat game at the Borgata in AC. He took a faux Asian wife who pretended to be very superstitious and kept insisting on feng shui like rules for how the cards were placed on the felt. The pit boss figured "let em have it" as it's still the same cards, what difference could it make.

The difference is this case was by shuffle two or three, the players had a very good idea of what the first card dealt was going to be.

HUGE EDGE...

 

Noise and distractions aside, I explained the casino junket operations to explain the scenario that brought about a plan, which in retrospect, was naive.

So 3 of us, business associates (the syndicate, for lack of a better word!), made some money with some timely disposal of assets that put some money in our hands. We invited the casino junket operator over for some of the choicest French red wine. Petrus 1982 and Latour 1982.

The plan was -
1) we will underwrite the junket to give us credit of US$500,000.
2) we will invite @4 guests pro gamblers from the West to come to Asia to play Baccarat and winnings will be split 50:50, 60:40 or 70:30 depending
3) the junket will let these guest gamblers play under our credit and will use their resources to monitor play anytime that they are at the tables
4) The junket will pay for their economy class travel from anywhere to Asia.
5) the rolling commission and freebie commission will accrue to the syndicate.
6) Lungyeh will identify the guests gamblers and negotiate the profit sharing.

The junket operator in good spirit, advised us against it. He says the syndicate will do better with him as a guest gambler! He thinks most of the gamblers on gambling forums are small time hustlers unable to bet in the intended amounts (more on this later) of our venture. We were insistent on trying and so he agreed for so long as the syndicate would guarantee the credit.

 

Casino junket comments must be taken with a pinch of salt. They are the kinds of people with a motto in life ‘Show me the money!’ or ‘Got money got face. No money cock face!’

But anyway I had invited a few of the forum members at betselection but nothing came to fruition. Most dont travel internationally; I suspect passport issues. They are domestic focused in the country they reside in. Which is ok by me. Just that we cannot deal. Because of the money arrangement and the need for constant monitoring, such a venture can only happen in Asia. So nothing was finalised even as I corresponded with probably 4-5 people.

Then the arrangement with Gizmo where the arrangement was totally different. He couldn’t travel for reasons I now do not wish to know. All said and done, the experience with Gizmo cost me US$5,500. There is no reason to rehash the whys and the wherefores. Certain obnoxious trash is trying to provoke the matter again, whether me or Gizmotron but I will let it be. For me there is more to life than what has been lost. I have never asked for anything back, as if it will ever be repaid. I asked for a report which never came but instead was scorned for sitting on my fat arse in Malaysia while the supposed hard work of losing my money was done in the US. That logic sounded illogical to me.

Anyway, what was lost is what can be absorbed. Its a lesson learned. Life goes on. But the impacts are as follows:-

1) there would not be any further funding for any person for their theories. You will be surprised to know how many such approaches were made. I have drawn the line. So the event affected those genuine cases which could use some help

2) I dropped pursuing the casino junket scheme. Even though the scheme can be more controlled since the junkets will help monitor, if people cannot handle 5k how can they be trusted to handle 100,000-150,000?

This project could have set up a few people to accumulate a bigger capital base faster. But anyway, que sera sera.

 

Oops add an extra $500 to what I stated. There's lots of reasons to rehash, I need a laugh LOL

oops Covid loves fat people Lol

You approached the wrong people, crap judgement no surprises there then, I wouldn't have flown to Macau, but in your nativity you wanted somebody you could control and manipulate, as opposed to a winner who has travelled and gambled in many countries in the East.

I'm more than pleased it cost you $5000 plus $500, I'm ecstatic over that, I'm sure Mark had a great lunch, now that is worth a LMFAO.

 

For the life of me I can't comprehend why anyone would fund a wings nut like the gizmotard or a pathetic, loser, degenerate, like the limey retard, hey hey.

 

Giz received and lost 5.5k. Water under the bridge. Life goes on. Sigh! What could have been. So no more experimentation and such projects.

The limey retard (who you meant? Lmfao), God bless me, never received anything

 

Junkets are really useful and connected. I remember many years ago, Bruno Mars did a tour of Asia and Australia. Last minute my wife wanted to attend. From Melbourne to Sydney, Singapore, Korea all concerts were sold out. I called my junket friend if he can arrange for me in any city where there is a casino.

Within 3 days, we were confirmed VIP tickets to Bruno Mars in Manila! And a private jet to boot. I had to share the trip and the jet was quite full. In any case, I lost in that trip an amount that could have funded the whole trip myself. All for the love. She never knew exactly how much it actually cost. Told her its free. In a way, it was.

 

When I visited my children in UK, I do side visits to Genting as well as Ritz. Ritz has since changed owners and I was told they have closed the casino.

The PR guy told me that to have tea at the Ritz the booking time is 1 week but they can arrange for me. I asked if there was anything special in the tea and was told it is more the snob appeal of having drank tea at The Ritz. Moderfocker Brits. I passed.

But I did enjoy the West End musicals. All arranged through the casino junkets connection. They dont really have junkets in the UK. The US casino has no junkets but their Far East Marketing representatives are very efficient and powerfully loaded to grant all kinds of requests. They have their own ways of compensating for the rolling commission and freebies. Shows, dinners, Chip vouchers.

Like in all businesses, there are different sizes and categories. With Baccarat, one can start small, remain small or grow in size. The growth in bet sizes must be gradual. When one is used to betting say, $100 per hand, it is a different ball game when you are betting $1000 or even $500 let alone $10000. Pace yourself. Always be at peace.

 

We come back to baccarat being the best small business. Some naysayers will always proclaim its not beatable. I believe it is beatable and there are many ways to do it. It is not exclusive what is discussed on this thread.

Some find their methods workable ie Jae’s OG banker only, others with their secret banker only bet, Giz’s RR, Martingale in one form or another. Et cetera et cetera.

Warren Buffet may be the most successful money manager of all time. Doesnt mean that if you do not follow his philosophy, you cannot be a success. Read George Soros, Ray Dalio, John Paulson and the list goes on.

Find a style that suits you. On this thread, I continue to believe that MM is the determinant in winning or losing. Based on any bet selection. I see some of us do plenty of computer simulations. Thousands of shoes. When commission is taken into account, the difference is so miniscule, I really dont think it makes a difference in real play.

And in real play the shoe results patterns on a situational basis changes so often that whatever your bet selection, one will run into their nemesis too often. So if you are a pattern player, you will run into a shoe often which is too random and will hurt you. If you are an anti trend player, you will run into a shoe with strong patterns (ie continued repeats for eg) that will hurt you.

To be a winner? Bet when you need to bet and restrain or reduce your bets when you need to.

 

Lung how many stop losses you been witnessed average per month where you stop day at minus

 

My session bankroll for each session is my stop loss, if ever reached. There are guidelines for win-stops. There is time limit of maximum 5 hours. This will continue to reduce as I age further. If win stops achieved early, stop early. Good day at the office. Also, a hard thing to do for some.

Just being practical. Someone on cashew nuts seems to suggest he is winning all the time and dont need win stops nor stop loss nor time limits. Not everyone can be such perfect gamblers so I prefer to identify my own weaknesses and strengths. Anyway, it gives me time and resources to enjoy Brazil Nuts and Macadamia Nuts instead of cashew nuts. Bordeaux wines instead of guiness. To each his own.