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[Manchester]

Is it okay if i keep update my progress on this thread like a diary ?

if you guys are okay i will keep post it here.   Long story short , im from South east Asian country, and it is so easy to do

online baccarat . Going to study abroad for my master in 3 months so now now i quit my job and just chilling at home .

Here is my plan .   Start with 50 unit  win 10 unit per day .  i pretty much stay at home all day so i will bet 0.5 unit per hand

so if i win 2 hands in a row , i withdraw the profit .  I m doing flat betting , but if i get a feeling to double  i will go for it ( for recover)

So my aim is win 1 unit per hour  , i play 10 hour per day . let say 1 hour i win in like 10 mins i will take a 10-20 mins break before betting next one. i reckon someday might take 10 full hour  and some might take like 2 hours to win 10 unit ? or maybe lost it all ?

MY BANK ROLL PLAN :

Bank roll day 1 - day 10 start with the same 50 units   if i win 10 units(20 percent from bank roll) for 10 straight day i have 100 unit profit ( withdrawal all profit)
Bank roll day 11 - day 20 i put all 100 unit profit  to my initial 50 unit so 1 have 150 unit , I will aim for 20 unit now ( 13.33 percent from bankroll)  20 units x 10 days = 200 units profit
bank roll day 21 - day 30 i put all 200 units + 150 units = 350 units , I will aim for 35 unit per day ( 35 / 350 = 10 percent from bank roll .

this is a 1 month plan then next month i start with 50 units again. Aiming for 3 months what do you guys think ? 

all reply is highly appreciated

[Mars Rocks]

Make sure you spend some money on girls and having a good time too.  Don't wait until you win before doing this, because if you do you won't ever spend any time with nice girls or have any good time.

[Manchester]

Mars rock , thank you for a reply.  well this challenge i set for  3 months . after this if i succeed or failed , i won't go to casino

or touch an online account till i finish the study .

so i reckon i will keep posting on here as my daily progress then . 

thank you

[Lungyeh]

If you wish to set a win limit for each session bankroll, my advise is not to set it too low. It should at least be 70-100% of session bankroll. The reason is that using your example of a 20% win, if you lose your bankroll in one trip, you need to hit your winning targets on 5 trips just to recover your bankroll. Precisely what happened to an idealistic opinionated young man. His win target was 10% and he won on 7 straight visits, sometimes 15% and on one occasion, 20%. On his 8th trip, he lost back everything.

Please feel free to ignore this old man's advise if you disagree. God bless

[Manchester]

Hello Lungyeh  thank you for a reply.  I set first  10 days for 20 percent to boost my bankroll. then 10 percent for the next 10 day , i m quite content about that profit ( if i can make it ) .  I used to win 50 - 70 percent of my bankroll but i have very bad self control - i mean next day or something i blow it all , even my initial target is 30 -40 .

also, the lower limit target give me a lot lot less stress as well . i feel more confident when i wager

So this challenge i set for me once i reach the target , im logging of and done for the day .


i will keep you posted 

thank you

[Mars Rocks]

Mars rock , thank you for a reply.  well this challenge i set for  3 months . after this if i succeed or failed , i won't go to casino

or touch an online account till i finish the study .

so i reckon i will keep posting on here as my daily progress then . 

thank you

More than happy to hear about your daily progress.  It is a very good idea to keep a diary.  Self discipline will usually fail, you should have someone else enforcing your limits; which I understand is pretty well impossible.  Just as easily that you made your current rules, you can change them later, and lose the lot.

And BTW...no one ever wins.  As they say...Las Vegas wasn't paid for by the winners (that is except for me of course lol)

But definitely have fun and yes, keeping a diary is a fantastic idea.  It will help you to quit faster when things go south.

[alrelax]

If you wish to set a win limit for each session bankroll, my advise is not to set it too low. It should at least be 70-100% of session bankroll. The reason is that using your example of a 20% win, if you lose your bankroll in one trip, you need to hit your winning targets on 5 trips just to recover your bankroll. Precisely what happened to an idealistic opinionated young man. His win target was 10% and he won on 7 straight visits, sometimes 15% and on one occasion, 20%. On his 8th trip, he lost back everything.

Please feel free to ignore this old man's advise if you disagree. God bless

I would have to basically agree with what Lungyeh said.  You can fine tune it. 

If you read any of my posts, I usually go a casino once or twice a week.  When I am in Vegas or on the east coast, those are trips and usually go every night.  But locally, once or twice week.  I wholeheartedly believe in a dedicated buy-in/bankroll for each session with a 100% risk of that for a certain amount.  Key point='certain amount'.  Mine is usually 100% (double) if not more before I would stop the session and walk.  Small amounts to me are trouble and false conceptions because they offer no real incentive and 'risk Vs. reward' just does not really make sense'.  Couple with the fact, you will lose at times no matter how careful or experienced you are.

Winning small amounts and then the possibility of losing because  you already got int the session and just could not stop, will show its ugly face and show it more than once or twice.  Seriously. 

[Blue_Angel]

Go ahead, do it like Tabon! (not the one for vaginas)

[esoito]

Here's my advice from the perspective of one who has walked this planet for many decades:

You wrote: "Going to study abroad for my master in 3 months so now i quit my job and just chilling at home ."

You quit your job...and now you plan to gamble for an income?

BAD BAD BAD decision!!! 

Go and get a proper job that will pay you. And treat your gambling as recreational only, betting only money that you can afford to lose.

[alrelax]

betting only money that you can afford to lose.[/i]

Always, 1,000%, rule Number 1.  Disposable income that is set aside in and above your funds needed for all the housing and basics bills and expenses.  Anything else is super risky. Again, rule number 1. Sucks to lose, but you would be losing entertainment, recreational and money earmarked for non essentials, etc.

[Blue_Angel]

Here's my advice from the perspective of one who has walked this planet for many decades:

You wrote: "Going to study abroad for my master in 3 months so now i quit my job and just chilling at home ."

You quit your job...and now you plan to gamble for an income?

BAD BAD BAD decision!!! 

Go and get a proper job that will pay you. And treat your gambling as recreational only, betting only money that you can afford to lose.

Excellent recommendation, if you had told me the same thing 10 years back then I'd still living the conventional life and call money loss recreational activity!
What could be better?!

[Lungyeh]

My suggestion for a 70-100% session bankroll win is just one approach. As is often said, there are many ways to skin a cat. I personally know of a guy who walks around the baccarat tables and catch the hot customers and follows their bets for 2-3 times the most. He bets like 5k per hand. And then moves on. Regular player. Understand that he rakes in @ US$500,000 per annum. Casinos hate players like him who exercise total control. All serious work.

This is an extract from the latest version of my book in progress. Categorising 4 different types of players. See which category are you and make the necessary changes to make yourself in the first category.

1. Dare to win. Scared to lose

The only recommended category of long term winners. When on a hot streak, dare to win. When in the Shar Chi or Killing Phase, be scared to lose and size down your bets or don't bet at all.

2. Scared to win. Scared to lose.

Social gambler not used to parting away with hard earned money and also don't or cannot believe in gaining easy money. However, there are also people who make a comfortable living out of this approach. Have to really work on overcoming the inherent house edge.

3. Dare to win. Dare to lose.

Reckless big time loser. When winning in a Hot Phase, they can make a lot of money. However, when they are losing in the Killing Phase, they continue to bet big or bigger and tend to lose all their winnings plus bankroll. Tweak to 'Scared to lose' by imposing lots of self control when losing so as to emerge winner.

4. Scared to win. Dare to lose.

The most common category of gamblers. When they win 1-2 hands even in a Hot Phase, they size down their bets or even refrain from betting. When they are losing in a Killing Phase, they continue to bet big or even bigger. Sure loser. it's a psychological thing. Needs to change mindset and approach to the game.

[Manchester]

Here's my advice from the perspective of one who has walked this planet for many decades:

You wrote: "Going to study abroad for my master in 3 months so now i quit my job and just chilling at home ."

You quit your job...and now you plan to gamble for an income?

BAD BAD BAD decision!!! 

Go and get a proper job that will pay you. And treat your gambling as recreational only, betting only money that you can afford to lose.

Hello Esoito , sorry if i write it not clear  . Basically  my master degrees and  cost of living  ,i  have already cover .    3 months at home mean  i need to give my old company a time to find a new employee too .  so this 3 months . ( its  my company agreement between me and the boss )

i just  chilling lol . its not that i don't have any money  for my study, it just i want 3 months to chill at home and go to study

[esoito]

Ahhh....glad you clarified that!

In which case the last bit of my advice still stands -- ensure you bet only with money you can afford to lose.   

[Manchester]

decided to go on holiday with my friends so yeah prob start  this thursday or friday   .


i will keep you posted