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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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    Hello everyone. I have participated in another forum inactively and in this pandemic lockdown, began coming here. Some familiar names.

    I have a long history of being in business; all kinds. Somehow I consider Baccarat to be the best small business if one considers it as a for-profit enterprise.

    No staffs, no debt collection problems, no regulatory compliance documentation, no production problems, no quality issues, no customer complaints et al.

    Have been playing Baccarat like @ 20 years now. Still alive! . From Caesars Palace to MGM to Sands the whole Vegas works to London, Macau, Philippines, Cambodia, Vietnam, Melbourne, Sydney, Perth, Singapore and the cruise ships.

    I may have some opinionated views to share but respect the fact that many are more successful than I have been or like to be on the tables and have proven styles and approaches that suit their particular personalities.
     
  2. Garfield

    Garfield Active Member

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    Hello old friend...LoL...
     
  3. Lungyeh

    Lungyeh Well-Known Member

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    Hello! How are things?

    Anyway, do permit me to continue:-


    WITH BACCARAT, EVERYTHING IS IN YOUR HANDS AND UNDER YOUR CONTROL :-


    A) Wager when you want and abstain when you want. Absolutely no compulsion to take a position


    B) Wager any amount you want - the minimum or the maximum specified for each table or any amounts in between


    C) Wager at any time you want - at 3am in the morning or at 3pm in the afternoon or anytime in between.


    D) Baccarat has remained essentially the same for many decades except for some cosmetic rules changes in different countries for slight variations of the game thereof. When you wager on a Baccarat table, you wager under fixed rules which cannot be changed mid way.


    When you own a business, you risk that technology changes may make your business obsolete or a major customer may fundamentally alter the competitive environment.


    Famous casualties of technological changes include KODAK, NOKIA and Polaroid who all used to dominate their respective business segments.

    E) so if the casino charges a 5% tax for all Banker wins, it is to compensate for the above. I think its fair.

    F) Why then do most people lose at Baccarat? ‍♂️
     
    Terry Plumb likes this.
  4. gizmotron

    gizmotron Well-Known Member Founding Member

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    Please excuse me for asking a sort of delicate question but if you are the real Lungyeh then what is the reference to a monkey on your back and what did the author say it was and who was that author? We have had many impostors log on here and pretend to be others that they were not.
     
    Stephen Tabone likes this.
  5. AndyCasinoK

    AndyCasinoK Member

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    "F) Why then do most people lose at Baccarat?"

    Bad Money Management, violent compulsion to always bet, playing all their bankroll the same day going all in, having ego problem, not having a plan, playing when drunk etc , relying on luck too much ? Not having a stop loss and win stop ? Not quitting when winning or losing
    Greed, bad bet selection etc being a donkey, getting scammed by hot oxygen seller
     
    Terry Plumb likes this.
  6. gizmotron

    gizmotron Well-Known Member Founding Member

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    If you are the real Lungyeh then your activity here would be a real asset to anyone looking for good advice about gambling.
     
  7. Blacksmith

    Blacksmith Member

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    Looking forward to follow this topic.

    Kind regards
     

  8. Lungyeh

    Lungyeh Well-Known Member

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    Really Mark. Small world. Yes its me.

    For those bamboozled by what is going on, on another forum, I referenced Dr Steve Peter’ much acclaimed book, ‘The Chimp Paradox’ to explain the behaviour of gamblers.
     
    Terry Plumb likes this.
  9. Lungyeh

    Lungyeh Well-Known Member

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    I had written a book (chronicling my views on Baccarat as the best business in the world) and emailed it to a few peers on another forum to review and comment. They were mostly kind to bite their tongue! . Anyway, I did say I will go on an own experiment to validate the theories before I decide on the next step. The validation results didnt go as well as expected so the book project is shelved as I continue to make.changes.

    I will post extracts here where it relates to the topic of this thread. Stay tuned.
     
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  10. gizmotron

    gizmotron Well-Known Member Founding Member

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    Just want to let everyone here know that Lungyeh here has worked on what it really takes to beat Baccarat. He's clearly one of the experts and understands the real challenges of live play. I would call that experienced. I have him up there with gr8player and a few others here that have spent decades perfecting their methods to beat the casinos.
     
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  11. gizmotron

    gizmotron Well-Known Member Founding Member

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    I have done something like that with regards to Reading Randomness. A year ago in July someone here, a very long time and experienced player, suggested that I could tell how I do it and it would not effect the gambling world. So I set out to program and train people that want to learn it how to combine bet selections with coincidence and use that as opportunities. He was right. Only a few have worked on it.

    So to tell what happened before that I learned something from those giving advice in the stock market about support and resistance in moving averages. I decided that I needed to go back to even chance bets. So I reconstructed my inside bets to act like EC's. I played with these for about a year and liked how it looked. I then took on one student and worked with him for two months everyday. He developed a skill level with EC's that equated to a 2 to 1 win to loss ratio. That's in a gambling world where it is believed that less than 1 to 1 is even possible. It was a year after that that I wrote the Reading Randomness thread here. A few players are actually showing excellent progress just from that thread. My plan is to achieve validation by a small number of skilled experts that are using it. So in a sense I'm in an attempt to validate my ideas right now. It will be interesting to see people's reactions to your book.
     
  12. Nathan Detroit

    Nathan Detroit Well-Known Member Founding Member

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    Let us wait and see how the cookie crumbles .


    Comment reserved until all the facts are in and evaluated .


    ND.
     
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  13. Lungyeh

    Lungyeh Well-Known Member

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    I suppose each will have their own demons to conquer. I will explore the Chimp later. At the crux of my whole experience, I do sincerely believe that MM (Money Management) is more important than BS (Bet Selection) in determining a long term winner in Baccarat. Many may beg to differ. But hear me out.

    Baccarat is a random game overall but with certain parts of it with emphatic trends. I have personally experienced a run of 24 (or was it 26) Bankers and made a bomb from that run. I was told by a reliable friend who was in Marina Bay Sands Spore of a shoe with 1 Player to start off the shoe followed by 57 Bankers and some ties along the way. I wished I was there.

    Basically, a gamer is either a trend follower or an anti-trend gamer. Upfront, I declare I am a trend follower. Any trend. Dragon run. Cluster. Ding-dong (alternates). I know of players whose whole Baccarat game is based on breaking the trend.

    Whether one is trend or anti trend, there will be time when one of them wins and the other loses and vice versa. As the holy book says, ‘...time and chance happen to them all’. Even a Harvard Report found that chance is the determining factor as to who will be rich and who will not.

    So, I am a trend guy. When there is a strong trend I will definitely win. When the shoe is random, I will lose. I classify it into 3 phases :-

    1) Hot Phase where everything you bet, you win

    2) Shar Chi Phase (Its a Fengshui metaphor) or Losing Streak Phase where everything you bet, you lose

    3) Neutral Phase where you win some you lose some to be more or less even. Be careful here as this Phase can change to the Shar Chi Phase in the blink of an eye.

    So, in my view whatever your betselection bias or system or whatever you call it, there will be times you win and there will be times you lose.

    The determining factor as to whether you win or lose is therefore in your MM.

    (....to be continued)
     
  14. Garfield

    Garfield Active Member

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    Well I remembered the Sar Chi phase very well....

    Shall we organize 'trend-follower' club? Where do I sign?
     

  15. gizmotron

    gizmotron Well-Known Member Founding Member

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    Actually the trends are just bet selections. The interest is in the phases, the win phase, the lose phase, or the chaos phase. I call them moving average waves, from the stock market trading charts. The point is to see the conditions that you are in. I don't really care what it gets called. I'm in.
     
    thereddiamanthe likes this.
  16. Nathan Detroit

    Nathan Detroit Well-Known Member Founding Member

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    Awaiting the to be continued.



    Thank you.


    Nathan Detroit
     
  17. Jimske

    Jimske Well-Known Member Founding Member

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    Hi. Agree about MM and playing trend with one caveat. I know of two mechanical methods that I have tested against actual live data that produce wins. Only 15,000 bets and 36,000 bets respectively so some could rightly say the jury is still out. But. . .then there is the question of does one want to play these methods? But moving on to the topic introduced.

    I agree that MM trumps bet selection. However, I do believe that there are be selections that do better than others. Meaning they outperform the expected results. So, for instance, there are less LIAR and/or more WIAR. This may come in various iterations and not just lengths, e.g. maybe more double wins, etc.

    But even if the above is true MM still must prevail, IMO.
    *************************
    Good to hear from you, OB.
     
    Ordinary_people likes this.
  18. Ordinary_people

    Ordinary_people Active Member

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    The factor you say about MM, i totally agree. And about bet selection i already try a lot of method too. Sometimes i can bet and win with never look the past result. But in my inner self sometimes have collide voice between 2 sides. Maybe for example the good and bad side in my head so sometimes make me doubt my decision and how i play the game.

    If we think with logic, yes the game is totally random. But like you say your friend see 1 Player follow with 57 banker include tie. Thats absolutely crazy and i think mostly people say thats gonna cannot be happen.

    But if its true what your friend said, thats out of my logic because the probability to happen is very small, very rare. I think just few people see with his own eye 30 include tie happen, but this is almost double. 30 vs 57. Thats crazy.

    The last thing if i may know what is your MM ? Thanks
     
  19. Ordinary_people

    Ordinary_people Active Member

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    Sometimes when 10 or 11 bet loss in a row. I said to myself is this real ? The probability almost 50 / 50. But this happen. Wew
     
  20. Ordinary_people

    Ordinary_people Active Member

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    Yes agree. But so far i still dont have fixed bet selection. Still change. Sometimes A, B, C, ..

    You say you have two mechanical BS. Can you share it ? Because i am the people want to learn and try.

    I know you dont say it is holy grail. But i think learn something and more knowledge make people better in overall in this life.

    Thanks before
     

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