Baccarat Baccarrat myths

Interesting read, this has been discussed in other forums but is a new article. It never ceases to arnez me how many people still believe this junk


http://www.ggrasia.com/macau-scholars-new-book-debunks-baccarat-strategies/

 

thanks for posting this article. i just found this related paper from the same author:

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Erroneous Perceptions of Chinese Baccarat Players: Evidence from Guidebooks

Abstract
Baccarat, as the most popular gambling game, is also the one to which the majority of pathological gamblers who sought help are addicted in Macau. This paper documents the cognitive distortions of Chinese Baccarat gamblers from guidebooks written by five experienced Chinese gamblers. The analyses of their descriptions of Baccarat and their observations about other Chinese gamblers show that the objective of the vast majority of Chinese Baccarat players is to make quick money rather than view Baccarat as a form of entertainment. Further, cognitive distortions—such as the gambler’s fallacy, illusion of control, illusory correlation, interpretive bias, and availability of others’ wins—are pervasive. Some erroneous perceptions have Baccarat-specific representations, such as following trends, money management tricks, and following winners. These findings may contribute to prevention/awareness education and counseling services for pathological gamblers.
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i've attached the full paper to this post. interesting read as well.

 

I've actually had serious conversations with HUGE players at the table while they were betting 10k or more a hand and could not convince them any different... When I play I never get off the banker and the Chinese people look at me like I'm nuts but it's the best bet.