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Baccarat Decide and get into that mindset.

Discussion in 'Baccarat Forum' started by Craps, Apr 21, 2021.

  1. Craps

    Craps Well-Known Member

    Joined:
    Jul 19, 2018
    Likes:
    253
    Location:
    Las Vegas
    So you wanna get serious with Baccarat.
    1. Mindset
    2. Bankroll
    3. Consistency
    4. Discipline
    5. Method or Approach.
    6. Homework

    There may be others but these are my criteria.
    I am going to talk specifically about Mindset.
    What is it?
    Fully understand the Math side of Baccarat and the pitfalls of BASIC Human Behavior towards gambling.
    The conclusion is not whether you understand it. It's more of whether you ACCEPT it. And the conclusion is Baccarat is a Negative Expectancy Game of Chance and at the same time one has to be at war with himself because the game gets you into that situation. Deal with it. Don't fight against it and don't ever think for once you can master it.

    With the acceptance and understanding of the above, the thought of getting RICH from Baccarat MUST be abandoned. Mr Kelly of the famous Kelly Criterion Money Management approach admits that his philosophy ONLY works for things that have a positive expectancy. Therefore IF WE LOOK FOR SMALL MONEY, there is a chance provided we utilize all the so called Gamblers' Edge into our approach. This is our Mindset or shall I say my Mindset when I play. Occasionally especially when I am on holiday, I might have a different mindset that is to gamble a bit more but not recklessly.

    Many people understand the Math side of things BUT they disregard it because everyone can win in the short run, But what we want is consistency so that in the long term the result is a positive one.

    What are your goals from Baccarat? Entertainment? Side income? Going pro? Hobby with disposable $$$?
    Have a mindset that allows you to win realistically and not ruin you when things don't work out.

    NEVER LOSE MONEY THAT YOU CAN't AFFORD.
     
    Last edited: Apr 21, 2021
    Terry Plumb likes this.
  2. soxfan

    soxfan Well-Known Member

    Joined:
    Dec 29, 2016
    Likes:
    842
    Location:
    FrozenTundra
    You forgot the number 7, expectation cuz most baccrats cats got wild unrealistic expectation, hey hey.
     
    judge likes this.
  3. Craps

    Craps Well-Known Member

    Joined:
    Jul 19, 2018
    Likes:
    253
    Location:
    Las Vegas
    That's another way of saying mindset which is expectation. What kind of expectation will decide how well you can succeed.
     

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