Baccarat Gambling Psychology

Hey, gambling is shit, even if you're winning, if you're are just starting out, then give it up. Personally when it comes to gambling, the highs are too high and lows too low. I wouldn't recommend anybody start, however if you are determined to travel that rocky road, or like a lot of us veteran players that can't stop, then learn to do it properly.

I decided for myself over a decade ago after discovering I was hooked to an addiction that has been labelled worst than prostitution and more difficult to throw off than Heroin. If I'm going to gamble, then at least learn to do it properly, to the best of your ability. Learn everything you can from both sides of the table and how casinos operate. Understand your own physiology, if you are an impulsive, lack patience, then you have to control those traits at the tables. I do a lot of self talk when I'm playing, "don't do this", "how would x handle this", all kinds of shit.

When I have time, I'll dig some MM stuff and create a new thread for you, hopefully you'll digest and take something from the principals.

 

Well at least that is solvable, you just have to work on it like we all do. I'm still prone to it. I think the more it is mentioned, the more we type it, it helps reinforce it into our psyche. You can never read enough about discipline and patience.

Great, at least the cas' didn't get your money, nothing wrong with it, specially after a difficult session. Not all sessions will be difficult.

What I usually do, is divide the loss into 3 or 4 if it's really bad, and those figures are my goal target for the next few sessions. Achieve session 1, that's it, unless it's 1 shoe, maximum discipline, fatigue is one of your biggest enemy's in a casino environment.

True, that's what a casino will say after they have taken all your money

Fuck 'em, we all know what they are like, if you're gonna play, then be the most disciplined, smartest player at the table.

 

Thats a great way to put it, id like to get into baccarat but not sure how to win my cup of tea would be video poker, losing to double zero wasnt fun, card counting with 1.5 times my win didnt help me at all. Video poker allowed me to walk away a winner with a 10$ 506 and 1007 with 20$ br is it possible to win that amount at the table games? (I said win not beat) but either one applies

 

Psychology is most important part while you playing something so fleece you for your money using gambling psychology

 

+

 

Totally agree 100%

 

I was asked this question by a casino patron once, "How do you know when to quit?" I remember how it utterly perplexed me. I had never thought about it once in my entire gambling career, which at that time was about nine years deep. The conversation is quite funny. My thought processes are in (). enjoy:

Patron: How do you know when to quit?

Me: Quit what?

Patron: Quit gambling?

Me: Oh I suppose some day I’ll probably want to resume my college education once I’ve saved up enough for tuition. But currently I have no immediate plans to quit gambling.

Patron: I didn’t mean quit gambling all together. I just meant quit gambling for the day.

Me: Oh...well...when it’s time to go home.

Patron: Yes! But how do you know when it’s time to go home???

(To me this was an incredibly stupid question. I couldn’t understand how anyone couldn’t know this. It’s time to leave when your shift ends or the play is down.)

Me: Honestly, mam, I have never thought about it. I play for high progressives. If the progressive is up I keep playing. If I or someone else hits it, I leave. Whether to stay or leave is not a decision I have ever gotten to make.

(This story is the origin of the phrase “at the mercy of the meters”)

Patron: What if you run out of money?

(I had to choke back a laugh, since I did not wish to insult the patron. Obviously, running out of money was a functional impossibility. If playing a progressive with an expected cost of $9,000, I always had at least six times that much readily on hand and could always call for more. Six cycle runners only occur once in a blue moon.)

Me: I don’t know. I have never run out of money. I always bring enough to cover a worst case scenario.

Patron: So you’ll just sit there forever putting money in even if you’re hitting nothing?

Me: I suppose I would go home if I got tired enough, though I’d make sure a friend covered my seat until I could return.

Patron: Are you winning?

Me: Yes, approximately 1.3 Million dollars...of course that’s over a nine year span.

Patron: 1.3 million, that’s a lot of jackpots. How much did you have to put in to win that?

Me: I’m sorry I don’t understand the question?

Patron: How much money did you have to lose to win 1.3 million in jackpots?

Me: I didn’t “lose” anything. I’m ahead 1.3 million dollars, you seem to have a different definition for the word “win”. I could not tell you an exact figure for my coin-in and coin-out, I have hit around 25 million in jackpots, at a cost of 23.7 million—which netted me 1.3 million in profit. Does this answer your question?

Patron: You’re crazy.

Me: Could you be more specific? I’m not clear on what I’ve said that you are having trouble with.

She walked off at this point disgusted. She was convinced I was lying to her. The irony was that I had been as honest as possible without checking my excel spreadsheet records, and answered every question she had asked to the best of my ability.

Is this irony, tragedy, or simply pathos...???

 

I bet her name was either Karen or Natalie. Cheers

 

Now that you mention it, her name might have been Natalie.

 

Is that Hortense over there? No, she looks perfectly relaxed to me...

 

I think some call it innumeracy. But I do have an excuse for her.

Many times, in service of gambling PR, the gambling world employs misdirected language and stats that set a precedent that runs counter to the idea that you were reporting net wins to her. For example, all of those WSOP broadcasts where they list players' "WSOP winnings" at the bottom of the screen are not their "net winnings." They are their gross winnings not offset by entrance fees to events. So that is a really high-profile misdirection that might lead her to think that what you reported is similar. And it would lead her to ask her follow-up question.

 

I could not agree more. I simply had no exposure to all that fake news.

You will want to read the book, "Addiction by Design" I had the author on my Radio show.