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Topic: Do you want to keep your win money???  (Read 923 times)

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Offline alrelax

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Do you want to keep your win money???
« on: November 07, 2016, 03:09:03 AM »
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  • Each of us plays a bit different in baccarat.  Think back and make notes on a legal tablet.  Keep notes after the night playing.  Figure it out and you will be a more intelligent player once you do.

    Straight win and then lose, straight lose and then win? Or is it a rollercoaster?  Or do you experience a rollercoaster before you straight win or lose? 

    I found myself in a certain pattern the highest majority of the times.  It has become very clear to me as to my pattern of winning, losing and ups & downs before really going on great win streaks or horrible losing streaks.

    I also learned how much if any, I can additionally buy-in with that may assist me in a second chance. 

    When I merge all this together, it has tremendously assisted in my decisions of how long to play and when to call it quits. 

    Once you really know this vital info you will be able to make better decisions and calculations concerning your game.  Merge that with your key wagering and some good camaraderie, and your will have a clearer picture of what to do and what not to do.

    I always read about people on here with some sort of stop limit and I can only assume win goal(s).  While there is nothing wrong with each, I guess a lot depends on whether you are a steady daily 'grind' player for food/rent money or if you play for the larger wins and maintain a career, etc.

    I know lots of the local players at the few casinos around where I live.  Most of them do work of course and a few are gambling for a living.  I am not going to get into the merits of each, I just know the extreme volatility of the game and it is indeed extreme!!! 

    Curiously, I watch how others handle their wins and by wins--I am talking about for example when they buy in with say $500.00 and get up to $2,000.00 or buy in with $1,000.00 and get up to $4,000.00.
    I have noted that the highest majority of the players, when they do win, will win that one time and stack up their bankroll as I have mentioned.  Then they play super aggressively and the highest majority of the times---and I mean almost every time, they give it all back.  Then they start into their bankrolls and then resort to the ATM for additional buy ins until they deplete whatever available funds they do have.

    Seriously, start paying attention to how you win when you do.  Likewise, pay attention to how you also lose when you do.  Implement the will power and wherewithal to walk when you get up to that certain point.  Don't cut yourself short on a win streak but don't allow yourself to give it all back either.  There is a point where each of us will not be able to win, or at least win on a consistent basis as our earlier wins did for us. 

    (If you can absorb this---I feel some might turn around their mistakes.  Someone from another board thanked me so repetitively for this)

    The hardest thing most cannot do or have extreme problems/trouble doing is, to realize the point where one should gladly walk away.  When the win goes up, the harder headed and more stubborn we all become.  All we generally see, is the chip stack building and our chance to rack it in and of course, get even for those ugly previous losses we all have.  Stop all that, get out of that mind-frame.  I know 100% that is not an easy task, but if you want to play smarter and be able to walk away with your wins, you better realize how to do that.  Couple that with being really conscious of the fact you are winning and when you get to a certain point, you will walk after giving back a certain low percentage of that same win money.  This has to be a concrete, non-flexible decision that you will abide by no matter what.  Once you do, you will realize that more of the win money will stay with you.


    Likewise, your next play will not take into consideration any of the numbers prior to that date as well.  Don't make walking dependent on increased numbers just because another previous win was 'so and so', etc.   


    Offline alrelax

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    Re: Know when to stop or go
    « Reply #1 on: November 07, 2016, 11:20:42 PM »
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  • Scene from the movie 'CASINO', where the Japanese whale wins the couple of million and then returns and loses it all back:  
      
    "Character mistake: When the high roller Ikachawa returns to The Tangiers, Rothstein said he's betting $1,000 instead of his usual $30,000, so when he won, it didn't feel like he had won $10,000 (10 $1,000 bets), but felt like he lost $90,000, alluding to the fact that betting 1/30th of his normal bets made him feel even though he was winning $1k a hand he was missing out on the other $29k, or losing that. At ten hands won, at $1k/hand, he really would have felt like he was losing $290,000, not $90,000 as Rothstein says".

    The above is a mistake within the scripting in the movie for the technical part of gambling, but it is so real it is not even funny!

    Offline 21 Aces

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    Re: Do you want to keep your win money???
    « Reply #2 on: December 26, 2016, 01:53:06 PM »
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  • Single most important concept for experienced players.

    Among other factors, some that stand out at this time that make it hard to stop out:
    - I am a player.  When I play I will advance on a net basis.
    - What? I just got here.
    - It's getting hot.  Strike while the iron is hot.

    My vol last night was incredibly off the charts out of control.  Played great at times and literally max risk others.  I could have stopped within the first hour and achieved my max P&L.  But all 3 of these factors hit hard... Fortunately, I had enough of 'I am a player.  When I play I will advance on a net basis.'.  During two max risk periods, I couldn't believe how I got in the situation and how lucky I was to actually manage to get out.  Risk of ruin?  EASILY could have happened.

    Experienced players love to play and succeed.  And you're on your home turf?  With all your player colleagues, and house staff that you know?

    Most experienced players could get a more than one shot a decent P&L very early on in their sessions, and losing back down is a very difficult aspect of the game.

    Life is something you dominate if you're any good. - Tom Buchanan

    Offline alrelax

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    Re: Do you want to keep your win money???
    « Reply #3 on: December 26, 2016, 01:56:25 PM »
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  • I had a great night Sat, and most of us was experienced.  I will start a thread called 'Pounce on It'.  I will give details while all still fresh in my mind.  It was great, vivid and sad at the same time.  One of the players that lost, I actually know him outside the casino and is a great person.  Anyway, give me a few min's, a cup of coffee and a triple iced raspberry doughnut and I will get it done. 

    Offline alrelax

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    Re: Do you want to keep your win money???
    « Reply #4 on: December 26, 2016, 02:02:20 PM »
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  • Single most important concept for experienced players.

    Absolutely, hands down!

    Offline alrelax

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    Re: Do you want to keep your win money???
    « Reply #5 on: February 11, 2017, 11:16:10 AM »
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  • Single most important concept for experienced players.


    Experienced players love to play and succeed.  And you're on your home turf?  With all your player colleagues, and house staff that you know?



    If you are playing to impress, you are certainly falling into or fell into the worst obsolete hole in gambling you could ever accomplish, point blank and period.

    Those people at the table mean nothing, nadda, zip, zilch, zero anywhere including inside the casino.  I literally know or known hundreds if not thousands of gamblers.  Almost everyone of the gamblers are 'gambling buddies' or 'gambling sweeties'.  The few I used to gamble with in Atlantic City when I lived in NYC area, were friends outside the casino and either family or partners, before and after the casino, etc.  So I leave those out.  But as far as your statement...."Experienced players love to play and succeed.  And you're on your home turf?  With all your player colleagues, and house staff that you know?", those people mean nothing! 

    I have them, hundreds like I said.  What are they worth?  What is the value of them?  Once in awhile go eat together?  Use my express comps or theirs cause the place is slammed and a pain in the rear to find a host or get the pit manager to write something up, etc??  Go talk a few minuets?  On a holiday weekend we didn't have a reservation and it is bad weather out (snowing or a blizzard) and it is late and we are both tired and one of us already got a room and the hotel is 100% sold out?  Share with one of us on the couch or possibly double beds?  Been there, done that. 

    But as far as winning and sticking out my chest and beating on it?  As far as what the personnel think there or something?  As far as gaining recognition for a 'Big Dog Award'?  I can't even think or imagine why you would feel like that.