1. Welcome to the #1 Gambling Community with the best minds across the entire gambling spectrum. REGISTER NOW!
  2. Have a gambling question?

    Post it here and our gambling experts will answer it!
    Dismiss Notice
  3. Discussions in this section are assumed to be EV- as they are outside of the Advantage Play section. For EV+ discussions, please visit the Advantage Play section.
    Dismiss Notice

Baccarat Baccarat - the best small business

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

  1. gr8player

    gr8player Active Member

    Joined:
    Jan 26, 2019
    Likes:
    107
    Location:
    N.Y.C.
    Good, insightful post, Rinad. And so true, too. Losing is most certainly NOT something that comes naturally nor easily to any of us.

    I look at it this way: Going all the way back to our beginnings, our very young childhoods, we're afraid of losing...think about it, we'd be so quick to cry or complain whenever something that we wanted was taken away from us, be it a rattle or a toy, whatever...we're pretty much inbred to dislike and abhor and even avoid losing anything.

    As gamblers, it's so imperative for us to come to terms with that, and literally teach ourselves how to accept losing. Without it, we are doomed; or should I say, at the very least, our bankrolls are doomed, be it today or be it tomorrow, it becomes a rather unfortunate eventuality.

    Years ago in these forums I authored two rather telling and inciteful posts; one was titled "How To Win At Baccarat" and the other, quite naturally, "How To Lose At Baccarat". One was just as important as the other; to know one without knowing the other would be impractical to the savvy baccarat player. Those posts were shared around the 'net on a few of these forums, but it was years ago and now I can't seem to locate them anywhere...maybe someone that's a lot more savvy with such a search could find and share them? If not, given time, I'll try to re-post them...after all, it's something that in my head at each and every session...heck, even each and every bet.

    Yes, Rinad, if we are to attempt to take on this game of baccarat with any seriousness at all, we indeed must change our usual way of thinking. Realism is the goal. Realistic goals...both on the upside and the downside.

    Just as way of a taste of what I'm trying to convey here: if you're raising your bet just because you lost the last one, better take a long, hard look at your long-term view of this game and your chance of success at it.

    Keep it real, my friends. Take care and stay well.
     
    Terry Plumb, Ezmark and Rinad like this.
  2. soxfan

    soxfan Well-Known Member

    Joined:
    Dec 29, 2016
    Likes:
    842
    Location:
    FrozenTundra
    Bbbbwwwwaaaahhhh the gr8888888888one making the scene gonna get the john-0 all riled up. Better stock up on the o Guinness and cashew, hey hey.
     
  3. Lungyeh

    Lungyeh Well-Known Member

    Joined:
    Sep 13, 2020
    Likes:
    386
    Location:
    Malaysia
    Long time no hear gr8player! How are things?
     
    Terry Plumb likes this.
  4. Craps

    Craps Well-Known Member

    Joined:
    Jul 19, 2018
    Likes:
    253
    Location:
    Las Vegas
    It don't have to be this complicated. Action and Reality speaks more than words. Doing or accepting or whatsoever is 50% right and 50% wrong. Everytime we win, we don't think too much but when we lose we sort of think of changing things. Like I said before. A STOP LOSS is the remedy for all approaches. Can you say going ALL IN one hand is bound to lose more than 50% of the time? Why do majority of people win only to give it back? It's either many correct selections in the beginning OR successful mini chases negatively or successful mini chases positively. All these actions works very well in Back & Forth situation which is the most common situation when playing Baccarat.
    Because of some room with Minimum & Maximum bets the ONLY way for a system player to lose is the dreaded long string of LOSSES IN A ROW. For SHIG players, NO SECOND WIN couple with mini runs of losses is the waterloo. Whatever design your play is, just have a Stop Win/Loss and maybe you could grind a few units from the Casino.
    Trying to time what and when to do does not make things better or worse. It is only false hope.
     
    Last edited: Mar 18, 2021
  5. Jimske

    Jimske Well-Known Member Founding Member

    Joined:
    Dec 30, 2014
    Likes:
    702
    What's SHIG? Agreed about stop loss win. Whether it is a mechanical thing or a feeling everybody who wins this game has a time for stop. I do. Can't just keep banging head against the wall.

    Experience playing the same strategy and also from practice one can get an idea of what their personal bell curve looks like. So you get to a certain point win or lose units and maybe you give it 1 or 2 more bets and if that doesn't work you're gone. Move on knowing there are better bets ahead. There's also a feel you get in your gut when something doesn't feel right and things aren't working out - - - -stop!
     
  6. Craps

    Craps Well-Known Member

    Joined:
    Jul 19, 2018
    Likes:
    253
    Location:
    Las Vegas
    SHIG = See How It Goes type of gambler usually high rollers. Excellent point all around with your outlook but we are Humans. Emotions sets in. We make mistakes. Anger sets in. That is why I prefer Martingale with Hit & Run. Solve a lot of excuses and mistakes.
     
  7. Lousy Gambler

    Lousy Gambler Active Member

    Joined:
    Feb 8, 2021
    Likes:
    25
    Occupation:
    Professional gambler
    Location:
    Atlantic City (sort of), NJ
    Hi gr8player,

    If you still frequent AC casinos, could I please meet up with you sometime just so I can pick your brain about baccarat? You probably get comped rooms, but I can provide free rooms on weekends (Friday & Saturday) either at Hard Rock (they only had $100 baccarat tables but just recently they opened up a few tables at $15, $20, and $25) or at Borgata (which has lots of $20 tables but lately they have been bumping them up to $40 even on weekdays).

    For your trouble, I can provide meals as well either at the Laurel lounges which are open only on weekends or at the Amphora lounge which is open 7 days a week.

    I would have private messaged you if I could, but I don't seem to have that option as I'm relatively new to this website. Perhaps you can private message me and I can continue this conversation there so we don't unnecessarily bother others on this thread. Thanks.

    Joe
     

  8. Rinad

    Rinad Active Member

    Joined:
    Apr 23, 2020
    Likes:
    124
    Location:
    colorado
    Gr8player, as you wrote "how to win at baccarat " and "how to lose at baccarat", wouldn't you agreed they are like "one of the same?" , we cant get one without understanding the other.
    its like " money you dont lose buy the same things that money that win ", it took me a while to understand the meaning of this quote. the money you hold in your wallet that you haven't lost will buy the exact same thing that the money you will win at a table.
    there is a element about "losing" that is much more tragic then it looks like on the surface.
    it has the feeling of depression that all your dreams of being free financially, happy, being looked upon as "somebody" all of a sudden is going down the drain, and the pain of it is so deep (depending of the loss), that we (some of us) dont know what to do to fix that exept to try to "win again" to take that pain away as quickly as possible.
    at that very instant out heart rate goes into high gear and we play under a much higher speed then normal, we lost our edge.
    how to deal with this it ?
    that should be what every new player should learn before they learn how to win.
    to me it has to do with something that has nothing to do with gambling but everything to do with "fixing" what is wrong with us from the day we are born.
    God bless,
    Rinad.
     
    Terry Plumb likes this.
  9. Nathan Detroit

    Nathan Detroit Well-Known Member Founding Member

    Joined:
    Dec 25, 2014
    Likes:
    2,089
    Baccarat is a very simple game. Enjoy it but don1t marry the beast.Every time I am play 2 or 3 sessions I am satisfied .



    My basic M.O. Attempt to win 2 out of 3 sessions . Each session with an identical proper bank roll.



    ND
     
    Terry Plumb and Rinad like this.
  10. Rinad

    Rinad Active Member

    Joined:
    Apr 23, 2020
    Likes:
    124
    Location:
    colorado
    Nathan I do have a tendency to "over analyzing "things, thanks for keeping the scale right down the meddle.
    R.
     
    Nathan Detroit likes this.
  11. Jimske

    Jimske Well-Known Member Founding Member

    Joined:
    Dec 30, 2014
    Likes:
    702
    Anger is key! I got a friend who plays 8-10 hours a day 5 days a week. Discipline, patience how can he do it? He said, you can't be angry at the cards! LOL

    I get angry. To overcome remember what the late J Krishnamurti taught. Do nothing. Just be aware of it as it happens, embrace it, look at it in real time, every time. When we start laughing every time we get angry because it is now funny because it is so ridiculous then we know we are winning.

    It might take a while! LOL
     
    Last edited: Mar 19, 2021
  12. gizmotron

    gizmotron Well-Known Member Founding Member

    Joined:
    Jan 1, 2015
    Likes:
    3,044
    Occupation:
    Retired
    Location:
    The West Coast of USA, RV'ing
    You know you are going to get angry at randomness if you get angry at the randomness of traffic lights. The secret to that is to leave a little early so that if the randomness of traffic gets in your way you can just let it all off your back like a duck in water. You must approach dealing with random clusters of losses the same as any other condition. You like the good patches. You should learn to like the bad patches too. That is when you will really know that you are in total control and prepared to deal with any changes that always come up. You can handle the bad streak and you can watch others at the table blow up when they are hit with one. If you think calm and collected you will be calm and collected.
     
  13. Nathan Detroit

    Nathan Detroit Well-Known Member Founding Member

    Joined:
    Dec 25, 2014
    Likes:
    2,089
    Gizmotron , the math zombies will never get it unless they open their minds. They boxed themselves into a corner and are wondering what happened .


    Just an open thought.


    ND
     
    gizmotron and Punkcity like this.
  14. Lungyeh

    Lungyeh Well-Known Member

    Joined:
    Sep 13, 2020
    Likes:
    386
    Location:
    Malaysia
    Peace I leave with you, my peace I give to you. - John 14:27.

    Anger is not the key. PEACE is the key.

    The Chimp control is key. :cigar:
     
    gizmotron and Nathan Detroit like this.

  15. soxfan

    soxfan Well-Known Member

    Joined:
    Dec 29, 2016
    Likes:
    842
    Location:
    FrozenTundra
    Controlling the emotion greed and fear is vital if yer gonna win well and regular longs term, hey hey.
     
    gizmotron likes this.
  16. Lungyeh

    Lungyeh Well-Known Member

    Joined:
    Sep 13, 2020
    Likes:
    386
    Location:
    Malaysia
    There are basically 2 parts to a Baccarat game :-

    1 Bet Selection (BS)
    2 Money Management (MM)

    1 Bet Selection (BS)

    People continue to search for the holy grail, a system that will guarantee overcoming the house edge (HE). In the long term. Like the Da Vinci code, it continues to frustrate.

    So each system will have certain rules. Whatever it may be. Say if Banker appears the 4th time in a row whilst the most in the past results were 3x, player A may take it as a break and continue to bet Banker in the next hand. Player B, based on statistics think it is more likely that the next result will be a Player and bets on Player. If Player A was in his Hot Phase, the likely next result would be a Banker and he will win. If he is in his Shar Chi Phase, the next result is a Player and he loses. Over the long run, Player A may win the same number of times that Player B wins or maybe not.

    Whatever it is, whether you are Player A or Player B, you are either a trend follower or an anti trend player. In any case, you depend on a trend in your mind. Those who claim trend is bull sh*t, and who bets on a throw of a coin in randomness may ignore this article. Its not for you and better keep your comments in other threads.

    AND TO PLAY THIS TREND OR ANTI TREND, YOU HAVE CERTAIN RULES TO FOLLOW.

    But the search for a perfect system that can guarantee long term results continue to elude. Those looking for a system therefore, will, and are prepared to, follow some rigid Bet Selection (BS) rules in order to win.

    And if there are no BS methodologies that can ensure a long term win solution, why is it so difficult, so ridiculous, so idealistic, to apply strict rigid rules to Money Management (MM) instead?

    Try it, rigid rules applied to MM is the way to long term prosperity. Remember, Baccarat is the best small business. Small bankroll can allow you to accumulate capital like no other business.

    The definition of insanity is doing the same thing over and over again and expecting different results. - Einstein
     
    Terry Plumb and Zhang Wei like this.
  17. Craps

    Craps Well-Known Member

    Joined:
    Jul 19, 2018
    Likes:
    253
    Location:
    Las Vegas
    Baccarat is a game of chance. There is nothing to exploit. Whatever actions you take, it has it's good days and it's bad days. For a system player with a progression, you definitely will see a lot of winning days but make sure it has to cover those losing days. It takes a lot of faith to be persistent with the way you play after it fails. Tweaks starts to come in and soon you get lost. Even though you have a method, but finding the ultimate daily target win over bankroll at risk needs to be of utmost importance for the whole package to work. A lot of system players failed because they treat their method as a ' money printing ' scheme. A system is meant to avoid losses more than going for wins. Chart more and plays less to avoid the effect of LOA over your system.
    A non system player should be very particular about the Stop Win/ Loss discipline. The Stop Loss should be less than the Stop Win but most people are doing it the other way around. Exception only when your wins stalled too much at a level that it is wise to quit.
     
  18. Zhang Wei

    Zhang Wei Active Member

    Joined:
    May 4, 2020
    Likes:
    88
    Location:
    China
    Non system player should not be playing because he/she has no starting point(rules to follow).
    Without a starting point, there is no way to tweak.

    I don't limit how high the wins will run, but the stop loss has to accomodate the average drawdown.
     
  19. Craps

    Craps Well-Known Member

    Joined:
    Jul 19, 2018
    Likes:
    253
    Location:
    Las Vegas
    I don't follow what you actually mean but to me a non system player is the one that have tons of ways to tweak. Because his approach is too subjective to end results that he has too much uncertainties. Example : He will keep asking himself to double up or not. To chase or not. To follow or go against. He is too occupied to make decisions. He won't be able to keep track of everything.
    By the way, how do you know how high will the high point be? At what point away from the high would you quit. ? Again Theory & Practical is totally 2 different things. If people are that conscious with management, the Casinos will not have things that easy. That is why See How It Goes players leaves too much room to consider.
     
  20. Nathan Detroit

    Nathan Detroit Well-Known Member Founding Member

    Joined:
    Dec 25, 2014
    Likes:
    2,089
    Drawdowns>>>>>> the curse of the on-line players .
     
    Terry Plumb likes this.

Share This Page