Life is as you make it out to be. When can play baccarat on a social basis and the texture of the game would still be the same. HERE, I had this posted elsewhere, kind of fits the aura of business and baccarat as a business:
One can play baccarat on a professional basis in which case it is like running a business. And running a business, in most cases, would be life consuming. You live, breathe, sleep and eat business. Most people who has started a business or two would attest to that. Of course, you have the freedom of choice to be an employee and not consume your life with what you consider unnecessary. God bless.
IMO and from my business experience over the years:
Books and movies are 100% subjective and usually tailored to whatever it is the author/writer/producer/director wants to convey and usually for monetary reasons, not personal or life changing pursuits. In NO WAY are they gospel or can a random one be tailored to an 'end all' change-all guide for making money. Can points and tips be found, sure--why not.
As far as 'financial risk' in business, whether it is gambling or regular business, I have to have it covered, no matter what it is--or I will not do it. I have to really want to do it--or I will not do it. The quick fix to make a buck is usually illegal, wrong (bad karma) or will blow up in your face for numerous reasons. Believe what you want.
In business, I pay in advance and then set aside and lock up money each and every time it comes in. Split it up and allocate it all. Same as gambling at baccarat!!!!
I have my mortgage on the property covered with 6 to 8 payments locked up in envelopes. I have a set aside account at the bank in addition to the regular checking account and as well, the payroll and tax account is also separate. I have to keep a good 5 to 7 months of total expenses and enough to cover the expenses of any jobs (I have expenses on jobs that always have to be paid prior to receiving the job payment the bulk of the times). That way I can go for numerous months without anything coming in, which is doubtful. Everything is covered or I believe I would fail. Insurance, trucks upkeep and maintenance expenses, payroll and payroll tax payments, personnel misc expense, health care insurance co-payment, phones, utilities, inventory, permits, office supplies, grounds upkeep and maintenance, equipment replacements and upkeep, etc. When i get in a payment so a small job for $10,000.00, I replenish whatever I need to bring it up to whatever level i am comfortable at and if that payment cannot do it---split it up. Maybe 25% towards the replenishment of monies spent, 25% towards reserve fund, 25% for current bills and 25% for me in my commissions and bonus set-aside. To me, that is the only way to run a business.
As well, I do almost the same thing with my gambling, my 1/3rd money management system so many have commented on here will not work. Which is, 1/3rd to my buy in stack, 1/3rd to my pocket and can never ever be touched at the casino and 1/3rd for a possible second buy-in if things favor it and i desire to stay if my buy in is depleted. My wins will fuel my continued existence at the table. Works great and when every other player is getting his buy ins and bankroll supplemented by his wins---then his larger wagers and continued existence at the table usually every time wipes him out. I seldom leave the casino with losing my buy in and maintain no win money, extremely rare, once in a while, but rare.
Business is no different, it is all in allocation , survival and planning, all of it!
As far as the Shorting/opposite, good luck with that. You will most likely pull yourself under with that one eventually, big time. Wrong thought and wrong ammunition, IMO.
Because, you fuel yourself with 'false aura', 'false system' and 'false conception'. It will work and then it will not work. Been there and done it many times. Heck, I still occasionally will do it, most of the time subconsciously and then I wake up. The game is won and lose by almost every player, some win more and some lose more. Some wager super trivial and don't care if they lose or not and then pounce on it once in awhile and score huge. Numerous protocols from each player. But the player that sits there and repeatedly wagers and repeatedly loses is probably what you are talking about. However, yes--at times. But that is no different that in a shoe that is producing solid and repetitive patterns that no one will follow and they continue to wager their 'cut' theories or the people that believe the statistics will 100% be produced in the 3 shoes they will be playing, etc. All you are doing is adding a 'system' by classifying a player as a loser based on what you see. And the sad part about it, he might not lose those 10 times you wager against him (shorted him) out of the 100 he will lose out of 130 if you were not wagering against him. For the 1 or 2 years experience a player has that chooses this style of wagering, he has not played the game long enough to realize what might happen. All IMO of course.
I did it last week. There was a player wagering one way and i said to myself he is losing. I wagered against him several times and the only reason I placed the wager was because he was repeatedly losing. This guy always loses at the end of the night, almost always. I won like 4 hands, maybe 5 hands straight by wagering that way. Then I look at the board and really studied it. It was half way through the shoe. I believe in sections with turning points. They always come out and always are produced, period. Each one of those wagers I made and won, were 100% clear wagers I would have made anyway based solely on what the shoe has produced within that section after a certain turning point. The reason he lost his wagers was, he wagered against what the shoe was producing, the shoe was super strong and getting stronger and he believed for the 'cut' the regression to the mean--every single hand. I wagered against him but i was also wagering (without knowing it) with what the shoe was producing. And I would everyday of the week with my last money, wager with the shoe rather than the continual, 'against the shoe' which is so prevalent these days. What these people count on is the same as the following. "I will get on such and such highway and speed because there are never cops on that one", no different.
I will cut it here because so many will only say my posts are too long. Last week there was 48 or so players and 20 something bankers at the end of the shoe. The majority of the players around hand 65 or so was heavy, real heavy on Bankers and lost so much money. It was super strong players, regression was not coming and sometimes it is like that. They cannot see it. They don't believe it. They wager on what they want, not what the shoe is producing, plain and simple. There is a difference and a huge difference. BUT, HOWEVER, there are little 'blurbs of catch up' by the opposite side, like the banker never makes over a 3 repeat maybe once the whole shoe sitting at and 60 or so, and then a 4th banker comes out. The players faces light up, heavy wagers, like table max times 5 or 6 people, huge money. Then the player comes out. They repeat the same exact thing like 3 times. Heavy losses. Although there banker side never really even came close to catching up---they got sucked in, exactly why that electronic board is there, exactly the fall of 99% of all baccarat losses. I hope you understand what i am trying to get across, it is so simple yet so complicated.