Baccarat Baccarat - the best small business

L-Y, You may consider your topic a great success The late comer trolls are being ignored .



ND

 

The deal with stock trading as a business is that it takes a huge investment portfolio and trades can take from weeks to months just to make your 10%. You can make 10% off a smaller bankroll in a day. With 50 active trades maybe being reinvested 4 times in a year you might earn in the aggregate $10,000 with a $100,000 portfolio.

Playing Baccarat as a business say 200 times per year with a $3000 bankroll you only need to make $50 per session to make that same $10,000.

 

There it is, Giz....there's the "long-term" view that, unfortunately, only a small percentage of Bac players have learned to accept.

Greed kills. Well, it kills everyone but the casino. On the contrary, they thrive on it.

Just think about it logically....we've all been in the unfortunate position of over-staying a mostly positive (read: winning) session only to give back our profits to the casino rather than "walk the win" to the cage. And please keep in mind that it all can happen in a flash. Think about it....you're up a good 5 units and then you lose the next couple of bets....now you're still up 3 units....BUUUTTT, now your mind begins to mess with you, not allowing yourself to be satisfied with your +3....nope, now you're pissed that you lost back those 2 units and so you're determined to get back to your +5.

Can you see how this can all turn sour on us so quickly? Now you find yourself "chasing" those 2 units rather than "walking the win" of +3. That, my friends, it just the opposite of how any truly serious Bac player would allow his mindset and his play to pan out.

The truly serious Bac player NEVER puts himself in a position to fail. Now, that by no means is to suggest that they win each and every session. They don't, and nobody does. BUUUTTT they ALWAYS, at each and every session....heck, at each and every hand....put themselves in the very best possible position to succeed.

Ask yourself, my friends....can the same be said of you?

Stay safe and stay well, all.

 

Player, honestly, tell us how much money you made from baccarat. What's your number? No excuses now. You type and type, but, never a number.

 

The session bankroll. Sometimes. Hope that clarifies. In S$. Dont normally take photos or talk about my games but if it would lend credence to what I write, I will do it just once. Have never kept accounts of my > 15 years of gaming but may start soon.

 

That's a serious stack of chips....

 

Those chips appear, to me, to be from the Sands Casino. Where did you get those?

"The Sands Hotel and Casino was a historic hotel and casino on theLas Vegas Strip in Nevada, United States, that operated from 1952 to 1996."

Regardless, pictures don't prove out anything. As they say, "A picture says a thousand words, but, it takes ten thousand words to verify the picture."

Regardless, Player can't claim a lifetime win at baccarat, simply because, the way he plays, it can't be done. However, he will continue to pathetically beat around the bush.

 

I love your pic!

Those that cannot win always think no one else does. The truth is 1% have figured it out and win consistently. Believe and accept it.

 

How about those who think they can beat the casinos, and, that no one can make any money outside the casinos? Lots of people make great money outside of the casinos. You seem to have to conclude that I am the biggest casino loser, ever, to begin to try to support the nonsense that you and others spew about casinos. And, that I give a hoot about any casino game. Lol, such a closed-in little world.

Still waiting for Player's confirmation that he made any money from baccarat. Still waiting to find out where those chips came from? A long defunct casino? Sure as heck looks like it.

 

Looks like those aren't the only stacks that go high.

( Malaysia's Marina Bay Sands ) for those of you that think this is the old Vegas Sands.

 

What nonsense are you referring to?

 

Singapore’s Marina Bay Sands was opened in 2010. For those whose lives evolves around the US and its neighbour as the centre of the universe.

Sure, there are serious money made outside baccarat. In fact, much more. On this thread, we are humbly trying to find solutions to winning the game for all those who want to do it as a small business. Let us be but at the same time, its good entertainment for senility and sometimes I do indulge.

Like the song goes, “If you go away...”

And like the old man said, “IT IS WHAT IT IS“

 

"The session bankroll. Sometimes. Hope that clarifies. In S$. Dont normally take photos or talk about my games but if it would lend credence to what I write, I will do it just once. Have never kept accounts of my > 15 years of gaming but may start soon."

This nonsense, along with Player's.

The guy above this worded it pretty carefully. Surely, he must know how much he's lost, since he started playing baccarat. Doesn't know that he's ahead, or behind. I don't think so. Surely, he does know that posting up a picture of chips means nothing. If he doesn't, well, something is wrong.

 

P.S. Thanks for the info about the other Sands. It didn't show up in my own search.

 

Posting from experience doesn't prove anything either. But posting from skepticism and disbelief only suggest that you haven't played with big bets based on the relative size of your bankroll and your own state of confidence. It takes guts to put your life's savings on the line once you know that you are ready. People all over the world take that chance when they go into business for themselves. It's no different if you are ready to take on gambling as a profession.

I have been playing the newest version of RR for about three years now. In all that time I have only lost 21 net losses in a row only once. I never lost 28 in a row ever. I've only lost 14 in a row a few times. You might recognize these as derivatives of 7's All this data on winning and losing comes from the 3 / 7 stop points.

I'm just experimenting right now with 30 net losses in a row as a bankroll enough to never lose. I got the idea form running demonstrations over at Roulette Simulator. I was able to win 50 sessions in a row, three times. I also left proof that it does not work by self destructing using the Martingale Progression for the skeptics as a sort of mental cruelty. For about a few months all the telemetry of my successful streak of wins was there for anyone to see it. I took it down on purpose. I went there for me, not the skeptics. I learned all about the 30 net bankroll. I stuck with the 10% win stop point.

I would have to do thousands of sessions won and it would still never be good enough. So I asked myself a very important question. Why care what the skeptics are concerned about? Just get it together and go pro after this pandemic stuff is over with. Ignore the trolls. Ignore the rantings of the skeptics. I have my HG. I tried to share it.

"Do not waste good things on people who will not appreciate them. This proverb is adapted from a saying of Jesus from the Gospels; Mathew 7:6, “Cast not pearls before swine.” Jesus appears to be warning his disciples to preach only before receptive audiences."

 

At the start of this thread, I said I am an investor and my businesses, at one time or another and all with partners, encompasses many fields of endeavour, semiconductor factories, chips programming engineering and trading, recycling, mobile data, call centres, software, facility maintenance, rubber gloves anti-allergic chemicals, advertisements, data analytics, restaurants, futures and stock trading and now my biggest challenge of all and consuming all my time, preparing to launch an online marketplace.


Sounds like one too many. But yes, some were overwhelming successes and some were a big let down. And hey, I have clocked the years. Grey hair et al (at my hairstylist, I love the hair falling like snowflakes) And through it all, I do find baccarat fascinating and as I have discussed the analogies, baccarat as a small business has many pluses.


The biggest challenge to succeeding in baccarat are different to many people but one of it is the managing of the Chimp. Many may differ; but to each its own. Some say we are using the Chimp as an excuse. I am trying to explain it is a reason, not an excuse so that we can learn how to deal with it.


I reiterate, not many people can succeed in business. And in baccarat. You can try. Not paper bettings; although that can check your bet selections. But here I am saying, whatever your bet selections, the key to winning is money management (MM). And that can only be tested with real life betting. And how you deal with the whole gamut of emotions.


I try to cover all ranges of baccarat players. Some may throw disdain and vitriol, speaking with ‘authority’ also about their comps and parking and then goes on to talk about their bettings in ‘baccarat stadiums’ sections in the casinos. They must surely be amongst the biggest players in the stadiums.

But brothers all, caveat lector. Let the readers beware. Not many can and will succeed in baccarat as a business. If you have tried and fail for a certain invested capital and time, then reassess the situation. Maybe baccarat is not for you. Perhaps your talents lies elsewhere. Software programming, restaurants, the arts? Business is not for everybody. Maybe stay on in your job?


Be that as it may, the naysayers of doom do have a valid point based on historical statistics. But if you find the game fascinating, nothing is more fulfilling in life than to make a living out of something you love.


Peace to all.

 

Baccarat as a small business - Financial

Financially a business would include start-up cost, working capital (WC), expenses/revenues, losses, gains/profits...etc
As an exercise, let me throw out some numbers so we can start discussing more:

I know each of us will have different WC levels and also different winning targets. But, would...
Profiting US $50k/year would pass for a part-time income? (Part time: That is, not to exceed 2 casino trips per week?)
Profiting US $100k/year would pass for a full-time income? (Full time: not to exceed 4 casino trips per week?)

Do you think above numbers are too low, too high? Realistic/Unrealistic to achieve?

 

Play2 win,.


How about vacation plans ?

 

What you are talking about seems to me to be a "business plan." Many businesses start with a business loan based on education, experience, and a well developed business plan. If you are to start a construction business you need a lot of working capital just to break ground, long before you get a small piece of the construction loan. These construction loans are paid by the banks in stages after a milestone of work is accomplished. You need as much as $50,000 of your own money just to get approvals from county plan check in some states. That's hardly enough for payroll and materials before getting that first draw from the construction loan. So you need your own money, a possible small business loan, and construction loan for each investment home that you build and sell on the market. All this adds up to just part of your business plan.

The same goes for opening a restaurant. You need equipment, dinning materials, competent staff, licenses, food supplies, and enough working capital to keep it afloat for as much as two years as it builds clientele. These things are a list of requirements found in a good business plan.

In gambling I have basic overhead costs. I have rental cars, hotel rooms, meals, and fuel for the car. So unlike a typical business I have no employee costs, no licenses, no bureaucracy to pay up front. I just have to come out of the gate in profit. I also need enough working capital to never experience fear in my gambling session bankroll. LY is suggesting that it is a figurative "chimp" that comes into the picture as a wrecking ball to take a person off their business plan. For me it comes into the picture as fear combined with laziness or a willingness to go off of my business plan. It could start with a difficult session and a willingness to cut corners. You can't predict what randomness will give you before it happens. If I go off my plan to execute my strategy then I'm sabotaging my own defined goals.

Here is what has changed. I was willing to descend deep into my session bankroll in order to pounce on super win streaks for decades. I knew that trends had these excellent opportunities. If you add the impulses of fear and greed to that equation and you get my version of the chimp, if I'm relating to it right, it's not an excuse, it's the cause of trouble. This knowledge should also be considered in the business plan.

After coming up with rigid rules that prevented going deep into my bankroll, ( 3 / 7 ), I put an end to fear. I also had an experiential background as a new framework to put an end to greed, a sort of a 'tortoise and the hare' business tactic that deals with it by rigid MM points. Anyone that spent time going over the RR thread knows all this. This new willingness to attempt to never lose is just those rigid rules all packed into each segment of my business plan. I know that fatigue is the enemy of this plan. It's a willingness to play four ( 3 / 7 ) sessions all at once and has the effect of likely bringing on too much effort because lost sessions on 3 & 7 tend to last an hour or two each. It's just an experiment to see if I can gather enough experience to see what happens trying to dig my way back from 21 net lost bets. Having 30 net losses as a bankroll does not mean I must use them and stay after it all at once. It just means that I don't have to end a session on 7 net losses. It's a changing of the rigid rules. It takes more self control, not less.

I can only speak and share for myself. Everyone will have their own sense of tolerance in dealing with risk. I know that it can't be avoided. The casinos are always "cool, calm, and collected" with their almost endless sized bankrolls. You are always up against that. You have the power to say when and how much. You just need to use that power correctly. So the chimp is always right there to wreck everything like a wrecking ball. You must have a way to control it.

So I'm guessing that these discussions that use the chimp as a way to relate to a sort of willingness to get side tracked are at the core of understand your own business plan.

 

Innocuous discussions here can be interpreted in so many different ways its disturbing and discouraging. In regards to your specific parameters for discussion, the following assumptions have to be made:-


1 there is a TOTAL bankroll equivalent to 4-5 times your SESSION bankroll so that you do not risk all your capital in one visit.


2 I recommend a winning return of 70-100% of your Session bankroll for each visit. 50% is also acceptable.


3 I do not recommend a stop playing win return of 10-20% of session bankroll. I assume that when you enter a casino, you are prepared to lose your session bankroll on a worst case basis. It also assumes that on your best days, you only want to win 10-20%.


4 Accept that in baccarat you cannot win everytime so there will be some days when you lose 100% of your session bankroll. Baccarat odds are less likely for you to win 10 times more than you lose. For those who have a stop play win target of 10% what you are saying is that you are prepared to lose one time your entire 100% of your sessions bankroll and win 10 times at 10% just to cover that one unfortunate loss day.


4 My expected win returns is 70-100% of sessions bankroll (minimum 50%).


5 Different people have different targets as to what is reasonable for a small business to make. Also how much capital is available. If you totally have no or very little money, then work first to accumulate some money for capital. How much is enough capital? That, you have to work it out yourself. How long you want to plug away at your level of play. Say you need 50k for your yearly living needs. If you make 50k, its enough for your sustenance but you would not be able to add to your bankroll to achieve higher returns. Or like ND asked, vacation plans?


A key point of most businesses is to make money for the expenses and also achieve a return for your trusting investors. If one takes money from investors one has to return in some form to those people who trusted you in the first place or if you dont have a mindset to believe that then dont take people’s money. Go and work and accumulate capital yourself. This is very important.


I will address the specific money targets in the next posting.