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Risk

Everyday Bankroll—-Buy-In

In gambling as in business and many other things, but particularly with 'making money', risk is a common dominator.  Nothing at all out of the ordinary or only entering the picture at certain times.  It is there from the beginning of the session to the end of it.  Simple.  How we each look at risk, is another story itself. 

Anyone that tells you they are 'guaranteed' to win at gambling or even 'guaranteed' to make money in business, is living in fallacy—although there is always a possibility of 'larger chances' of success than failure—those tend to cloud and take away from the person's concentration and focus when that frame-of-mind is adhered to and believed. 

Fact:  We are all different and independent in our risk requirements, set-asides and comfort levels.  Be careful, don't gauge yours upon another person's.

Limits.  Know them and rely on them.  Feel guilty if you did not adhere to them.  Make yourself be governed by those, stop the damage before it happens.  Truly believe in them and allow them to totally control yourself with 'time of play', continued winning, cutting a losing session, etc. 

Realize.  There are times you cannot replicate in playing baccarat, which—IMO, the highest majority of players attempt to do and fail at.  They truly believe that they can and will replicate their previous wins, especially when sequences or events of shoe presentments become similar as what their wins were and the player fails to identify and become conscious of everything else the shoe is producing.  One of the largest and most repetitive mistakes/misbeliefs a player can have is, that the shoe will definitively produce what they need it to or desire it to produce. 

Realize.  Confusion, aggravation and frustration takes away from the clear-vision and concentration you must fully maintain to recognize what is happening and the 'risk versus reward status' you are caught within.  Generally no one else at the table can or will tell you with accuracy and honesty. 

Realize.  Desires and inefficient willpower are usually detrimental to the player in aggressive and certain ways that you want to avoid at all costs.  Likewise, desire and beliefs overcome your rationale and clear vision as well.  Do not justify yourself based upon plain and simple desires, desires must be shelved when you sit down at the baccarat table, with even more consciousness of them when you are winning and losing.   

Justification of Losses.  Do not blame anything except yourself for your losses.  Yes, I know and I have faulted as well, not so much lately as my years prior to 2000.  However, all you will accomplish—is giving yourself a false positive reinforcement and a lie to gamble off of and combat in all future sessions.  You placed the bet—the bet lost—it is your fault 100% for putting it out there—no matter whom you followed, what you thought, what you overheard, who was winning or losing, etc.  Total responsibility was and is yours, accept it and use it to govern yourself if possible.  It might just be the gateway between fallacy and reality you have been searching for subconsciously?

Bankroll—Division—Sessions: Allocate a certain amount in total to your 'bankroll'.  Allocate a certain amount to a singular 'session' of play at the casino.  Allocate a 'division' of the win profit to anything except your bankroll funds.  Pay your bills, future bills, tangible purchases, home improvements, kid's money, etc.  But do not compound your win money with your bankroll.  It makes it worthless, invaluable and will almost always lead to your less valuing your bankroll and always saying, 'yeah—but it is really the casino's money and not even my earned funds that I bankrolled', etc., etc. 

Replenishment of Bankroll:  Always maintain your bank roll without allocating it for other things.  Always replenish the losses in your bankroll when or as soon thereafter as possible.  Do not change levels/plateaus with your bankroll due to a win.

Level—Plateau—Wagering:  IMO, it is best to stay at one level of play and wagering, do not constantly build up to higher plateaus.  IMO, false positives will set in and you will be influenced to wager well beyond your comfort levels if you allow this to happen.  Stay at the same level/plateau and wager for so many reasons.  Do not lead yourself to ruin. 

When to increase your wagers:  Increasing wagers should be done with the casinos win money after your buy-in and 2/3rds have been set aside.  Be fully conscious of the wagering amount and how it is, 'on the casino', etc.  Do not be influenced by this in any way.  Realize the importance of getting rid of the win money and not merely building a false front for your bank roll with gambling funds.  Use win money to pay all your bills, future bills and other things, but do not add it to your bank roll in the pursuit to gamble larger.  IMO, that is one of the largest mistakes players do make.

1/3rd, 1/3rd, 1/3rd M.M.S. or 25%, 25%, 25%, 25% M.M.S.: Divide up the win money in 1/3rds or ¼'s to allocate a certain amount to 'continued wagering' and that of savings/bills, purchases, etc.  Make your gambling worthwhile instead of giving yourself self-inflicted pain and stress. 

Session Buy-In:  IMO, it is more effective with a clearer and a much more definitive and set protocol to risk the amount of your buy-in for consistency and guidelines, rather than for justification and 'best chances'.  I personally do not believe in stop-losses.  I risk and risk the entirety of my buy-in amounts.  I attempt to hold 2/3rds or ¾'s of any win amount once my buy-in is doubled or greater, etc.  I have found, that when you have stop losses you will view them as flexible and usually wind up only breaking your own guidelines with stress, pressure and the false-belief that you have to or will, win back your lost amounts.  If you religiously prepare yourself for the possibly (acceptance) and the reality of losing 'XYZ' without further session buy-ins and likewise, when you win amounts greater than your buy-in, you are able to divide up, replace buy-ins and have amounts won that actually afford yourself tangible rewards, you are well on your way to finding the best amount, division, hold, level and plateau amount for the increased comfort and security levels.   

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I see some super smart players, great insight, great 'intuition', great rhythms, whatever someone desires to name their contributories to winning.  But, (HUGE BUT!) on the other hand--they attempt to no end to replicate, be redundant, be repetitious, increase repetitively their wins and all the wind up doing is, losing.   Most of them almost always refuse to leave with a 'push/even', win a little bit or god forbid--lose a little or their risk money they bought in with.  Why?  I don't know 100% all the time, but many of them I do talk with and I do know from outside the property. 

I do have a pretty stead fast rule these days that has been working extremely well--that is to risk my buy-in with 100% attempt and diligence to compile a win to have my 1/3rd M.M.S. kick in and take over the governance of my play, time and wagering, etc.  If I lose it--that is it 99.0 % of the time.  The handful of times I have continued to buy-in only 99.99% of the time reinforced the losing or not 'take off' and win, each and every time!  The last one being a $15,000.00 mistake on a certain Friday night!  The past few months, right since the Christmas holidays, I lost outright 7 times.  I pushed 6 times or within a $100.00 each way, evens out for gas, snacks, etc.  I won 14 times, meaning a considerable amount of money, not one or two or three units of $75.00 or $150.00, etc.  Something of a win to me is at least double at the very very minimum, that of my buy-in.  The majority of the times my wins would amount to greater than triplicating that of my buy-in.  That is in the past, not quite 5 months since the New Year.  And simply----SPELLED OUT----when you lose a few, push/even a few and win some out of those previous 10----you add it up and see what you accomplished.  When repeatedly your wins far outweigh your losses, replace them in fact, and award yourself a good deal of abundant cash----then you know you discovered the things you need to have on your side and employ.  The largest amount of it all is just recognition and realization of reality, that is it--so simple, yet so complicated by the mathematical and statistical freaks that are hell bent to convince everyone the only way to profit at baccarat is by following a regime of mathematical protocol predefined and scheduled, etc.  What makes that even so much more ludicrous is that pattern or schedule of redetermined and defined events that have to happen for the player to win, would be a pure guessing game as well.   

Years ago I never knew the meaning of leaving a casino that was premeditated!  Never!  Winning or losing.  Both disastrous situations.  But once I figured it out, the terms came and it became crystal clear most times.  My needs and desires are different than yours and the next players, but we all gamble--some want to label it recreational, professional, skilled with real intelligence, lucky, etc.  But to me--there is no difference at that bac table.  If I can rack up $20,000.00 within 8 or so hands just based on a hunch of a long Banker or a Chop-Chop because of whatever is running through my brain, then go cash that out and leave--reset and refresh as soon as I walk through those casino doors, then head to Walmart--pay all my next month's bills, get extra money orders, buy my little boy $1,000.00 worth of goodies and new clothes, stock up my house for several months and put some cash away, it spends the same exact way it does if the next guy walked out with it.  It is just I found as well, anything more than topping off any losses to the bankroll, is a false positive and a wrong move for myself.  Like I emphasis, resetting and refreshing, best all the way around for numerous reasons.

It turns out so many of them are so desperate for a win or the continued winning to turn money--it impairs their play, plain and simple.  On the other hand, a win doesn't mean much to so many of the players because of their frame-of-mind.   They have so many false positives, they actually have no clue what to do, what is best,what is possible, how to evaluate their own situation, when to stay or leave, etc., etc., and so on and so forth.  Seriously!   Many of them told me how they 'have to' leave with money or win 'such and such', etc., etc.  It is sad, as gambling no matter what system you are using, might not come your way a certain session and when you force and force and keep plugging away, losses have more of a chance to build up.  There is risk and you are never ever going to get rid of the risk no matter what system, beliefs or procedures you deploy involving your wagering, period.