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Baccarat Baccarat - the best small business

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

  1. Nathan Detroit

    Nathan Detroit Well-Known Member Founding Member

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    There is no substitute for Discipline . Get with it.


    The casinos are in high gear for players to lose discipline .


    ND
     
    Blacksmith likes this.
  2. Lungyeh

    Lungyeh Well-Known Member

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    In baccarat as in life, we need to self impose rules to reign in discipline.

    Hence my suggestion of “RULES” for MM in the crucial loss management side of matters. As ND rightly said, the wins will take care of themselves. Until the losses set in. And the Chimp is loose.
     
  3. gizmotron

    gizmotron Well-Known Member Founding Member

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    Yep, right on point. It's how you attempt to control the session when you face the losses. There is this analogy of the boxer I once read about. To deliver punches you must take punches.

    Successful salesmen know that they will need to hear many no's before they hear the occasional yes. It's just a matter of numbers to them. If they stay cool and unrattled then they will prevail. A pro gambler must not get rattled by losses. It's just part of the game. I think the "Chimp" is all about inner forces in our characters that act like saboteurs to take us off our plans.

    "Everybody has a plan until they get punched in the mouth." -- Mike Tyson
     
    Last edited: Sep 28, 2020
  4. gizmotron

    gizmotron Well-Known Member Founding Member

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    So I think that people want to know as much as they can about MM and dealing with losses. This thread talks a lot about rules to play by while dealing with losses.

    I use RR and I have my own set of rules that I like. They are based on the range of losses that have established a maximum over the past year and a half. I have a maximum that I have ever lost in a row. I can fight a fight against the game and stay within that range and win. My knowledge and experience comes from searching and playing in order to discover that limit. These are my limits and my rules for me.

    I can't suggest that what works for me will work for others. I have a certain tolerance and experience with losses. So I fit my rules of MM to fit what is working for me.

    Now I might be able to learn a wonderful secret from other players if they were to share their rules for dealing with losses. I already got a secret, that at first I didn't apply, but now do, from Lungyeh. He gave it to me a few years ago. He suggested using 20 times your cooled off bet level for your hot streak level. So I use $5 for a virtual bet and $100 for my base value single net win bet. This is my starting level for building my professional gambling business.

    So what that it took me 12 years to figure it all out. So I'm a dumb-shit. It's amazing to me the people that want me to fail on some of these forums. I just want to change their plans Mike Tyson style. I know that people say to not care what they think. But it can be a hassle to talk on a thread and to be told it's all a lie. That's the nature of the internet. None of them are there when I'm in the ring, sitting at the casino table with my bankroll ready to do battle. Nobody knows I'm going to win and also watch others lose. Almost all of them do too.
     
    Last edited: Sep 28, 2020
  5. Play2Win

    Play2Win Member

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    .
     
    Last edited: Sep 28, 2020
  6. Play2Win

    Play2Win Member

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    These are the type of info that I'd like to discuss about. In most gambling threads there are many that already mentioned about MM/BS, I doubt that any method (or different varieties of the same characteristics) haven't been mentioned before by someone else. What I don't find too often is the discussion of the gambling reality (psychology, mental state (Human/Chimp that LY mentioned here), how to deal with losing, or even about recouping losses...) I guess b/c we, as gamblers, don't want to talk or discuss about losing. But LOSING or how to handle losses is in fact the most important aspect of it all. It can turn everything ugly so fast (first lose a little, then lose your shirt, your house, your career, your spouse...)
    But talking about handling baccarat as a business is a good start... it "humanizes" gambling as a normal and acceptable way of making money, like a BUSINESS. So we can treat it as such. (Really, how many of us long-term gamblers here think of and treating baccarat as a business? I guess not many).
    L.Y, regarding your Point (2) above, Rules. I must say Rules are easy to make, but keeping them is tough. Most gamblers are solo players and it's so easy to "lose" it at any given time (Chimp comes loose). Those "lose your shirt" days are horrible, take forever to recoup. I meant those "using every Working Capital/Bankroll within your reach" moments. Again, can one control himself from those moments? If so, for how long before Chimp gets loose? I'd definitely want to hear more feedbacks and stories on these. Something I can still learn a lot on.
    Again, RULES are made to be broken. What else can we do?​
     
    Last edited: Sep 28, 2020
  7. Lungyeh

    Lungyeh Well-Known Member

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    I have read many articles in my never ending quests to learn more about the game and how to approach it holistically. Many psychological studies have been done on gamblers. Apparently, some get high as an addiction to losing. They are not thrilled with winning. They are thrilled with losing!!!! Some sort of a bipolar disorder.

    I have repeatedly emphasised the loss management part of MM as the determining factor for a winner. By my books, I stop when I lose 3 out of the last 4 times. For 30-60 minutes. If one continues and with negative Martingale, sure sometimes one can win back. But if one loses even one time out of say 3/4 tries, the effect could be devastating; to the point of decimating the bankroll. Stay alive. Live to fight another day.

    There are certain rules you have to impose without compromise. Like the Baccarat rule that Player stands on 6-9. That rule cannot be changed. So if you have your internal rule that you have to stop when you lose 3 out of the last 4 games, stop. No 2 ways about it.

    Its the same in business, you have SOPs that cannot be changed. Why should it be any different for baccarat? As a business. I know ifs difficult. Try stopping. Try walking out a winner and soon it becomes a good habit. Dont make it a habit to lose every time you walk out the casino.

    If you totally cannot control your chimp, maybe one should look for another business to do. Go into MMA where your Chimp can have a good workout.

    You see, even to be successful in business, there are certain traits that can define the possibility of your success. Not anybody can open a business and be successful. And not everybody can make it in baccarat. If for whatever reason, somehow, you cannot manage your chimp, dont waste your time and resources on Baccarat. Give it up.

    At least, here, we learn what’s necessary to be a success. The next harder step is to determine whether you have it in you to be a success in Baccarat.

    Again, to people of goodwill, stay blessed; you and yours.
     
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  8. Garfield

    Garfield Active Member

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    The problem is many think that BS and MM are all that matters...... The hardest part is to battle yourself.... and yet so many a good BS/MM could overcome that, like coding a robot/program....win then do this, or else back and do that....
     
  9. Nathan Detroit

    Nathan Detroit Well-Known Member Founding Member

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    Then there is that attitude situation of many gamblers : We know how to gamble !


    Reply : but you of not know how to win.



    ND
     
  10. gizmotron

    gizmotron Well-Known Member Founding Member

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    The DSM-4 lists this kind of a disorder as "Problem Gambling." The DSM-5 however changed the definition to "Gambling Addiction."

    So instead of bad MM behavior it is now treated as a chemical disorder in the brain.

    So here is a taste of the science behind this new way of treating problem gambling:

    I have read many books on problem gambling before it was successfully diagnosed as gambling addiction. They all talk about how the brain gets highjacked by chemically transferring the thinking process from the "logic center" of your brain and moving your thinking process to the "Pleasure center" of your brain. At that point you become desensitized to losing. In other words you no longer mind losses. In the DSM-4 a problem gambler was anyone that uses money needed for their or other's daily survival. That was the basic line in the sand. Now the line in the sand is a chemical induced hijacking.

    Now let me take you to a mountain top that took two days to climb in order to get there. It has a 30 foot wide chute that descends down at 65 degrees in steepness. 3,000 feet below is the face of a cliff that drops off for another 2,000 feet. That cliff is strait down to the edge of a valley below. You must be in control so that you can turn right and exit the chute just above that lower cliff's face. This is what is known as "skiing with consequences."

    Now why would anyone ski that chute? I have been told my whole life that I'm crazy. Addiction specialists in the field of therapy or psychology try to diagnose people like myself without finding out what is really going on. They label us "adrenalin junkies." I'd like to charge them for being totally wrong and quacks. They never actually find out and get it right.

    It's not about a fix. It's about the execution of perfection at the highest level. This chute may have never been skied before or only a few people may have ever done it like the few that landed on the moon. It took years of practice starting at 45 degrees. It took learning a special styled turn created by Georges Joubert, "Joe Bear" to some of us for a laugh. It is called the "pedal hop turn." There is one basic rule. Don't pick up speed where you can no longer control the outcome. Now several people could do this but almost all of them made this turn look jerky and would come to a near stop between turns. I worked on it for years and made it look fluid and graceful. I wanted it to look like an easy sight-seeing excursion on a nice day. So I spent years getting to the point of keeping moving turn to turn. It's like the concert pianist that works on the execution of a performance so much that a mistake is completely out of the question. It won't happen.

    I've told you this so that you will know that there is a different world out there to reward those that execute perfection. You are not crazy and you can win. You might not be able to win every session ( battle ) but you can win the war. You must have an MM that allows you to lose a few battles and still win, and then work that plan. So like extreme skiing with consequences you must play Baccarat or Roulette with known consequences. You must, and can, stay in the logic center of your brain, stay focused, even if the chemical hijacking tries to send you into desensitization for losing. For me it's just like flying a plane on instruments. You must forget what you feel and just go on what you see that the instruments are telling you. In gambling that would be your MM rules.

    You have science on your side if you just learn to see what is happening to your brain, if you let it.
     
    Last edited: Sep 28, 2020
  11. gizmotron

    gizmotron Well-Known Member Founding Member

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    I'm sort of on the verge, the edge, of believing that my money management rules for gambling leads one to a mathematical advantage. That rule is to avoid losing streaks. If it is possible to stay out of 70% of all losing streaks in a session then what might that do to probability? I believe that this might be the condition best described by "Variable Change."

    You can look at that here:

     
  12. Nathan Detroit

    Nathan Detroit Well-Known Member Founding Member

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    Learning How to WIN can be explained in 1 sentence only. That simple.
     
  13. Garfield

    Garfield Active Member

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    Yo gizmo: I have something to discuss... Can't send you PM...so any suggestion?
     
  14. gizmotron

    gizmotron Well-Known Member Founding Member

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    I PM'd you. Did that work. I've never PM'd anyone before. So I don't know if I can from my side. I know you must earn the right.
     

  15. gizmotron

    gizmotron Well-Known Member Founding Member

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    So is "learning how" and actually doing it two different things?
     
  16. Nathan Detroit

    Nathan Detroit Well-Known Member Founding Member

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    It is a one minute or less action .
     
  17. Play2Win

    Play2Win Member

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    Gizmotron: "They all talk about how the brain gets highjacked by chemically transferring the thinking process from the "logic center" of your brain and moving your thinking process to the "Pleasure center" of your brain. At that point you become desensitized to losing. In other words you no longer mind losses."
    I remember you've mentioned about these "logic center" and "pleasure center" elsewhere and I took a screen shot just because I can totally relate to it. As for "no longer mind losses", that happened to me for a long period of time (as late as 2018) straight. Of course mentally I've made up other "excuses" for losing but at that point I wasn't even myself. I was ok on other day-2-day activities but when it came to gambling, losing was to be expected and the sad part it, I WAS TOTALLY FINE with it. Good God I took a 1 year break and regained myself, through some other measures as well. So yes, it definitely has something to do with chemical releases in your brain that's way bigger than yourself, even your Chimp.
    ----------
    Lungyeh, just like you I'm now using a 3 LIAR stopping point (a short break to gather myself, analyzing the situation), or a longer break for anything 4L-2W or worse in a 6 hands block. Also I control my Session Bankroll to <= 20 units. Goal is to win 100-300% or busted in a 6-7 max hours. That seems long but I don't bet very often. Waiting is the name of my game now: try to use testing hands to "feel" whether a preferred trend is any good. About 50-60% of the time, it's not the trend that I want it to be (so I gain or lose a little here, if Chimp is contained), 20-30% is short trend (so I gain a little here), and about 5-10% is LONG TRENDS (where I make majority of Wins here by pressing and call it a day). Sound similar to you?
     
  18. Nathan Detroit

    Nathan Detroit Well-Known Member Founding Member

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    This topic has been an eye opener. People of whom I thought were savvy Baccarat players revealed themselves just been amateurs at best .



    ND
     
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  19. Play2Win

    Play2Win Member

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    Absolutely. If we’re to grade a player base on their skill/success level from 0-10 (0 is entry/amateur, 10 is professional), we’ll see that everyone is on different level. And then there are also players who went even negative (-) crossing into the addictive/degenerative territory, sometimes without them even realizing it. And that’s why it’s dangerous.
    However, just like in sports or Business, you have to lose your fair share AND IF you’re able to learn your lessons and strengthen your skills, you’re at a better chance coming out on top in your future ventures.
    I myself learned it the hard way. And will continue to learn each and everyday.
    Cheers!
     
  20. Nathan Detroit

    Nathan Detroit Well-Known Member Founding Member

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    Skill? Heck no. Just pure luck.


    Not even Lucius Seneca`s thought what luck is can be considered .
     

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