Baccarat Baccarat - the best small business

It is my experience and observations that things in life dont always work out as planned. More so, in baccarat! Before you enter the casino, you may have all kinds of plans and strategies. Once the game unfolds, everything goes out the window. More so the longer you stay.


So if you have a win target for the year, double it. So say, you want to make 50,000 per annum. Double it so that your target is 100,000. Why the arbitrary strategy to double? Because, things dont always pan out and you can and will lose money in some sessions.


If you plan on 2 visits per week and assume you will play for 40 weeks in a year (12 weeks of vacation and holidays doing nothing or a period of readjustment after a run of losses), you have 80 sessions to achieve your adjusted target of 100,000.


100,000/80 = 1,250


That means your target is to win 1,250 for every visit. If this win is to represent 70% return, it means your session bankroll is 1250/0.7 ie 1,785 or round it up to 2,000. You should have a TOTAL bankroll of 2,000 x 5 = 10,000 which you would invest in to try to make baccarat your business. But every trip bring just your session bankroll of 2,000.


The beauty of baccarat is that you can start with a small amount and if you follow some set plans and take care of your MM, the returns can be astronomical. Which business can you start with 10,000? Or 2,000?


If you are employed full time with the capacity to save 2,000 every 3 months or so, you can start with 2,000 or better if 4,000. If things turn out you lose this bankroll, take time out to review your suitability and save money for your balance capital at the same time.


But make no mistake, baccarat as a business, as in all businesses, consumes you 24/7 in the initial stage. As you learn and adjust to be more efficient.


My 3 cents worth of opinion. Caveat lector ya.


Peace.

 

My original ( 3 / 7 ) plan is actually about 43%. The worst I do in the long run average is 4.66 sessions won at 3 net won units to each 7 net lost units where I don't expect to win every session. Other's have also demonstrated that they do at least this well with it.

So that nets out to about 14 units won for each 7 units lost. So I'm settling for 200% minus 100% for a net 100% I have factored in my losses to find the actual win to loss ratio.

Now this 30 units experiment might go up in smoke based on your expectation that nobody can win every session. My experience is that most the time that I play and lose 7 net units, my session bankroll, I tend to be near worn out anyway. And playing tired or stressed from a long session of reading 12 different sets of data all at once might be a natural resting point anyway.

I just killed it at Roulette Simulator for 50 won sessions in a row, three separate times, with a 30 unit bankroll. I felt like I could go on winning forever just by sticking to the three net win sessions and out. I get it that people will come across a super trend. They will be able to massacre the casino. I'm an expert at waiting for that situation. I invented the notion of the "Elegant Pattern" and have been roasted for it on forums for the past 15 years. Most people think that it's a fake kind of sophistry. It's a Straw Man or Red Herring. I think that those that don't look for it or believe in it are just missing out on one of the greatest experiences in life, the chance to rape the casino.

I try to explain why I stop at 43%, 3 net wins of a 7 unit bankroll. I know I will still win twice as much as I lose. For me that science is done. This all comes down to taking breaks in the gambling day. It also comes down the Ecclesiastes 9:11, "timing and chance." You don't know when a slow grind down will turn into a hot win streak.

So everything comes down to timing and being in the right place at the right time. The bankroll takes care of itself. You just have to stay in there and be viable once the opportunities start. With my ( 3 / 7 ) brackets combined with virtual bets I can stay a long time waiting for the right timing.

I've demonstrated that win streaks and losing streaks appear in a win/loss graph all day long. I have shown many examples of this. All you have to do is wait, ( Timing ), for the upticks in an imaginary chart.

 

I'm already working my plan. It's just that I have not been to a casino this year. My chip size is $5 against 18 - 20 numbers bet per spin. I count it as $90. 7 units of that is $630. I use 4 times my bankroll because I have never lost 4 bankrolls in a row. I lost 3 bankrolls only once. So I have my comfort zone. This is all explained in the RR thread.

So my win goal is 43% per session, two sessions per gambling day.

All this discussion about growing your bankroll is sort of interesting. I don't have a growth plan to get to $25 chips. But trying to get twice as much more than a plan actually sounds like great advice. I can't imagine using $100 chips and having that large of a safe bankroll. That would be around $50,000. That would be $5,400 per session and around $10,000 per day. And that would allow for lost sessions also. One step at a time. Right now most of the casinos I frequent only allow a $25 bet straight up on a number. A few allow $100.

 

Although I am having different MM standards both L-Y and Hizmotrons MM revelations are very much within the acceptable comfort range.


Let`s hear what the usual suspects have to offer .



ND

 

LY, funny you gave those numbers as examples b/c coincidently that’s exactly my total WC. It’s 100 units ($100 units).
It’s also again coincident that I only bring about 12-20 units each trip. Don’t want to turn your thread into my own so I’ll stop there. But very interesting.
Also, each and every trip I’m willing to risk all trip bankroll: busted or winning 100-300%.
My longest winning streak was 14 trips. Longest losing streak was 12 trips.
And for the first time ever I noted down all my trip results for the whole 2020, so I have the Overall Net figure now.
I also have my own business, so I only get to play on my business trips. Kind of satisfying my passion for the game, plus using Profits to both cover business trip expenses and in some instances, to cover business expenses and purchasing personal merchandises.
That’s why it triggers my interest in your thread to begin with. Like-minded.
Cheers!

 

Also, like LY has said, how many businesses can start with 10k capital and, potentially, earning much more than that?
I myself have started multiple businesses, from breaking ground up, it almost always took me about a full year after opening to even got in the profiting territory. Before that it’s just burning working capital. So yes, I do believe that investing 10k in baccarat does bring with it quicker ROI than some of the other type of businesses.
But of course, baccarat doesn’t guarantee returning Profits, or multiply Profits substantially like other businesses might in the long run.
P/s I’m not sure if we can create a private group here. But I’m open to join a group where we can truly share our progresses and experiences on this “side business” journey. Without the naysayers and trolls’ distractions.

 

Casino trips (tagging along business trips) are actually my mini vacations. Usually it involves beaches, cocktails, sight seeings, relaxing massages, nice dining... not all at once but I do a lot of that. They are breaks from my actual work.

 

The business man is a special breed as is someone who can make a living out of baccarat.

There have been a few success stories of how some have accumulated profits from the casino to go on to do other businesses or to continue. The differences between baccarat as a business and say, manufacturing are many. We can talk endlessly about the whys and wherefores but to the owner, it comes down to this. If you own a manufacturing business and it has grown big enough to sell it to a group of investors or to bring it to public listing you can value the business from various approaches. A common method of valuation is P/E (Price/Earnings) ratio All things being equal, one can value the enterprise at 5-10 times earnings. Some with roaring growth rates can get up to 100 times PE especially if it is in a hot sector and growing earnings like crazy. Some still losing money can still be given valuation at multiples of their revenues as did Amazon a few years back when they were still not profitable. Point is you can sell your business or part of your shares for some money.

Baccarat is all about you and you cannot sell yourself. So if you make 1 million a year, you are worth 1million. There is no price/earning ratios.

I understand there are syndicates that accumulate capital from a few high networth investors for a profit share as high as 50:50 with the syndicates having an impeccable record like a sure win.

In reality, you can have the opportunity to start at even as low as 500 or 1000 and with the patience (patience will surely come with peace) of Job, yes you can grow big enough. Like the saying goes, ‘The best revenge is a massive success.” It can be done.

I repeat. Stan Lee of Marvel Comics - “Let not those who have given up on their dreams make you give up on yours”. Amongst my favourite quotes I make it a point to share with my children.

 

Information flash:-

If you plan to move up the ladder so to speak viz to increase your bet sizes, I suggest you do it only after you have at least doubled your TOTAL bankroll.

There is something about handling bigger unit bets that affects a lot of people if they are not used to it. Confidence is not the same and the Chimp is stimulated.

Caveat lector and enjoy!

 

Yes, I get that. I admitted to only needing 4 times my session bankroll where I had never lost more than three sessions in a series. I also get that It could happen. If I were to keep letting it all rise at four bankrolls then the unthinkable might actually happen and I would be wiped out in business. So letting it rise at 8 to 10 session bankrolls only makes good business sense where a perfect storm of events might take place. Perfect storms in business do happen. Just look at what the Novel Coronavirus has done to possibly millions of businesses. It's the perfect storm to them with some leaders using it to murder many local small business for political reasons. It's their life's savings all going up in smoke, your very point. I must add that to my business plan. The Tortuous & the Hare is not good enough on its own for my comfort zone.

 

Thx L, your point is a great point that isn’t talked about enough. I’m thinking once you have acquired adequate bankroll to cover 20 times your “per shoe stop loss”, rapid increases of 25% to unit size should be mentally sustainable. By increasing your unit size as quickly as possible, you are essentially reducing your time in the casino (exposure to the vig)to achieve your win goal.

 

If you have the personality to handle the higher betting range, I suppose that is ok. As for myself, I have a relatively elastic range until a certain amount. Dont we all?

But I have seen some really stressed out when they take a higher risk and increase their bet units only to see them lose and then the wild streaks begin. You must be able to maintain the same peace at the higher bet levels or unleash the Chimp.

 

The unit size I talked about is the HPB unit size. I have a relatively mild progression of 1, 0.5, 1, 1, 1.5, 1.5, 2, 2

or alternatively put

2,1,2,2,3,3,4,4. Tops at 4 units.

 

I had that problem and put an end to it with a rigid rule.

Every lost bet is the beginning of a trend breaking down. That's why I drop back to a virtual bet selection on any lost bet but the singles on the weak side.

There is only a couple of conditions that fit this first lost scenario that can still work out for you. Singles on the weak side or a single hiccup where it goes right back to working again. You can hang in there for a while if you are flat betting, but a stepped positive progression is killed on a first loss.

Trying to hit 8 wins in a row is a long shot. That's why the "up & pull" technique at least gives you a little on the way up. But stopping the damage on the first loss actually gives you more in the long run. I get it that things go wild when you lose control. That rule to stop feeding the wildness actually brings me right back into control. I know that I will get my win goal if I just wait it out and hit the good spots. It takes a very strong self will to go after 8 wins in a row. I know. For decades I would hunt the super win streaks. That turned out to be my nemesis.

So this could be a case where others have a tolerance for waiting to hit the super streaks. The important thing in all this is to use what works for you, things that allow you to easily recover your self control, specially on a big loss.

 

It certainly looks like a lengthy progression then again Baccarat is NOT roulette .

 

20 to 30 of the same dozen sleeping is common enough. The sequence of singles in the dozens / columns is very common too. Now that my win goal is just three net wins and out the dozens / columns & the B/R, O/E, L/H even chance bets are all I need. I watch for a weakness in the Finales but don't chart them. I'm killing it now with my three net wins and out.

This thread is about gambling as a business opportunity. A job where you make $600 per day in from 2 to 6 hours a day is not a bad job. I'm talking about two sessions run and three net wins from each session.

So I did some figuring last night and I could get up to $25 chips with a $30,000 over all bankroll, that's two times $15,000, in under 6 months with four 3 day trips or two 7 day trips per month. The 7 day trips would be more fun and in a different casino every night.

 

That’s the bet progression on winning. Lest it is forgotten in the euphoria, the loss management bets are:-

1) if you have won 4 or more bets in a row and then meets a loss, the following bet should be reduced to a maximum of 0.5 HPB. I suppose one can reduce it to 1HPB.

2) If you have won less than 4 bets in a row and then meets a loss, you revert to a UB size on the following bet.

3) If you lose 3 out of the last 4 bets you stop for 30-60 minutes. On resumption if the immediate bet is a loss, stop another 30-60 minutes or end the visit.

DARE TO WIN, SCARED TO LOSE.

 

Thanks Lungyeh for starting this thread and your invaluable contributions
And not forgetting the many others who have also share their thoughts here too.
My sincere appreciation and regards to all.

Stay safe and well.....

 

Have been missing in action coping with business demands or rather lack of demand in this pandemic.

Was watching a Netflix movie about a lady chess prodigy and the term “Apophenia” came up denoting seeing a pattern in randomness. Brought a smile to my face.

Because most of us here are trying to predict an outcome based on a perceived pattern. For those who claim they do not, actually they are also trying to perceive a pattern but make a bet decision opposite that the pattern will not materialise. Both trend and anti trend is premised upon pattern recognition, in my opinion. And whether the bet is successful or otherwise is dependent on whether you are in the Hot Phase or in the Shar Chi or Killing Phase. It could go either way in the Neutral Phase.

I cannot understand anyone betting on the game being random and thinking it doesnt make any difference. A decision made for any business in the world must be premised on a basis and that basis is NOT randomness.

Peace to all.

 

So true. You could run a business in the gambling world just on that much.

People do as much in the stock market millions of times per day.