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Baccarat Baccarat - the best small business

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

  1. Jimske

    Jimske Active Member Founding Member

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    go right ahead ND, what's holding you back?
     
  2. Nathan Detroit

    Nathan Detroit Well-Known Member Founding Member

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    Reading between the lines leave many clues who is an amateur or advanced player.
     
  3. Jimske

    Jimske Active Member Founding Member

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    ND, the BF sage of one liners! Hahahaha.
     
  4. Nathan Detroit

    Nathan Detroit Well-Known Member Founding Member

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    The lengthy posts are reserved for the creator of this topic .There are personal opinions given in regard to the game of baccarat. Read them with an open mind.

    The key of this topic is Money management and kept its promise .


    ND
     
  5. Zhang Wei

    Zhang Wei Member

    Joined:
    May 4, 2020
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    Location:
    China
    Hi Lungyeh,

    What do you recommend for the following questions:

    1. How much lifetime bankroll?

    2. How much session buyin?

    3. Biggest drawdown per shoe?

    4. Stop loss per shoe?

    5. Target Profit per shoe?

    6. When to play in casino?

    7. Maximum hours to stay inside casino?
     
  6. Lungyeh

    Lungyeh Active Member

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    Location:
    Malaysia
    So many questions. And so many answers. Because how the answers are would depend on so many factors; amongst which are - can you generate your cashflow or capital from other sources besides gambling, is this total $ commitment to the project venture, what is your risk profile for eg you feel at peace when you bet 10 but do you feel the same peace when you bet 100, how old are you that would somewhat determine the hours you can perform at peak, are you being affected by a quarrel with the wife/girlfriend as you step into the casino et cetera that makes life interesting.

    Be that as it may and with the intent of being long winded since it is supposedly my privilege since I started the thread ( actually all you guys can be as long winded as me and I have become more so with advancing age), I will assume the following - this is a business project. The lifetime bankroll is all that you are going to be able to accumulate and if you fail, you will be out in the streets and will have to restart your life again. You have decided, and there is no turning back. The baccarat tables is where you will start building your business empire. One brick at a time. You have limited capital and little online and other skills to build other businesses.

    For many successful business people, they start with a singular focus and a no other option situation. Assume so. Dont assume that with the capital available, and even if you lose your lifetime capital, you are able to raise some more.

    Are the above agreed assumptions? Or you want to change the parameters before I even attempt to answer you...
     
    Nathan Detroit likes this.
  7. Zhang Wei

    Zhang Wei Member

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    Location:
    China
    Sorry I do not agree with some of the assumptions.
    Baccarat is another way for me to diversify my income sources, not put all my eggs(money) in 1 basket.

    You can answer my queries whenever you want. I'm not in a rush.
     

  8. Nathan Detroit

    Nathan Detroit Well-Known Member Founding Member

    Joined:
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    Mr. Lungyeh has given details about bankroll, win goals, expected loss, size of life time bankroll, and 2 different betting methods IP or HPB.

    They are all included within the pages of this topic .




    Seek and Ye shall find .



    ND
     
    Lungyeh likes this.
  9. Lungyeh

    Lungyeh Active Member

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    Location:
    Malaysia
    Yes Zhang Wei, we have covered most of the questions you have asked. In the scheme of specific absolute amounts, its all personal. 1000 may be one’s limit for session bankroll while for another its 10,000. Ao to each its own for bankroll settings.

    My proposal was for a 70-100% win per session. Some have their own preferences at 10% or 20%.

    Personally, if I can win 70-100% in one shoe, I would do so. I also agree with ND that to only end a session with a loss. The implication is that one should not limit your winning streak and stop in the midst of a win sequence. Dare to win. Scared to lose.

    There are also other guidelines on MM of when to stop when losing.

    And a recommended playing time of 4-6 hours max.

    All the best. Keep the peace.
     

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