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Basics.  Simply the super advantage rather than attempting to employ systems and following statistics.

Bank Rolls Versus Buy In Amounts

I read and hear both terms all the time.  My buy-in and my bank-roll.  There goes my bank roll, I lost my buy in, I can increase my bank roll, etc., etc., and so on.

To me, Bank Roll and Buy In amounts/items are two entirely separate things with different functions. 

Bank Roll.  Bank Roll is your total funds you have for gambling. 

Buy In.  Buy In is the amount of money you bring to the casino for the session or trip you will engage in.

While we all have varying amounts and guidelines or desires for our gambling, I learned the following is paramount to the longevity of gambling. 

1)    Allocating a certain amount of my Bank Roll to be my Buy In depending on how long and how many sessions I am planning to engage in.  Also, playing local versus a trip out of state to a major gaming destiny, etc. 

2)    Local Play.  Approximately a Buy In amount of 5% to an absolute maximum of 10% of my Bank Roll for the session to be played.

3)    Out of State, Longer trips.  I would probably bring 50% of my Bank Roll, and then divide it up among the amount of session/days I was to play.

4)    I personally keep my Bank Roll at the same amount as I do not believe in a continual upping/increasing of play level according to one's Bank Roll.  Personally, I found that led to my own downfall numerous times as well as everyone I every talked with, that were long time players of baccarat.  (Winning can be handled with the instant win money for higher levels of play within a session).

5)  Replacing Lost Bank Roll Amounts.  I found it paramount above all else to replace any removed Bank Roll funds at the earliest time possible when funds are won during a session. 

Money Management Guidelines

I have previously mentioned what I feel is, that of a proper Money Management method that will boast the player's buy-in/bankroll and capitalize on sizable wins, cutting down large amounts of play time at the table. 

My Money Management method is made up of 6 areas. It works for myself with years of fine tuning:

1)    Capital Risk.  The buy in.  Partial bank roll, a fraction of it for a session.

2)    1-3-2-6 and/or 1-3-2-4 type of positive progressions.  Max of 2 negative progressions.

3)    1/3rd--1/3rd--1/3 Dividing up your wins every so often.

4)    1 + 4 Parlay for sideways wagers excluding my B or P wagering.

5)    Pull down and use their money for clear thought process. (Important.  If you cannot think clearly, you cannot win).

6)    Length of play time.

The above will govern how long I play and what happens to me.  I have no set win stop or loss stop.  However, I am governed by my buy in and subsequent losses. 

One thing is rock solid, going to happen, will never change, cannot change and will 100% of the time, be the ultimate outcome.  That is; turn of events, change of presentments, the failure of the player and countless other things that all equate to one thing.  And that is, you will lose what you win if your play continues.  That is why your Money Management Method must be allowed to make you more in quicker and larger denominations if you win, and you must walk away from the table with a portion of the win, if you begin to lose. 

Risk.  Pure speculative risk.  Complete open mind with extreme consciousness and awareness.  Stop loss/stop win does not exist in a sense where it is equated to a few units each way.

1/3rds.  If you do not win you have nothing to manage.  If you win, you must protect yourself and I have referred to and almost regularly allow the following to manage my win money.  1/3rd back to my buy in, in front of me.  1/3rd to my pocket and locked up, never to be used again.  1/3rd to a reserve pocket in case I do lose and still decide to play that same session.  If not, then 2/3rds to the locked-up section and totally off limits, etc.   

1 + 4 Side Parlay of wagering.  I use a very little part of my win money before splitting it up to 1/3rds as I mentioned for the allocation of 3 to 5 side wagers that I will attempt to parlay each one, up to 4 times.  Say I won $700.00.  I would put $500.00 aside for 5 attempts at my 1 + 4 Side Parlay wagers.  Each one I would attempt to build up to $3,200.00.  A $100.00 wager parlayed 4 times will equal $3,200.00.  I give myself 5 chances to do that.  Or perhaps I spilt up $1,000.00 for 5 chances at $200.00 each or greater numbers.  In the first example, then I put the other $200.00 to my win money, etc.  These wagers have nothing to do with my straight up B or P wagering, they would be on top of them without regards to my buy in stack, etc.

Pull down and use their money to positively progress with clear thought.  Self-explanatory.

Length of play.  It will turn.  The sole governing factor in my length of play, is how the wins versus the losses are occurring.  What I already won.  You cannot do anything except fall prey to the events waiting to come out.  That is what most do not realize in their management of their time at the table. 

These things combined is my Money Management Method.  It works for me, more times than it does not.  A few units here and few units there or a stop loss of 3 units, will not do anything for you after numerous times of playing except grind you down.  IMO.

NOTES/EXPERIENCE: I have made more larger wins using my 1/3rd-1/3rd-1/3rd and my 1+4 Side Parlay block of wagering, than anything else.

My 1 + 4 Side Parlay wagering thing, is not bets placed on F-7s, P-8s, Ties, or any other side bet, they are all placed on B or P along with a regular wager.  The 1 + 4 Side Parlay block of wagers, derived from win money might take me 20 or 30 or 40 hands to complete.  Varies.  Think of someone betting blacks or purples or stacks of greens, takes $200 and gets 2 stacks of red chips and occasionally throws a red chip or two on a F-7 or a 200 to 1 (3 card 8/9), etc.  Same type of wagering. 

This method allows me to use the casinos money as well as maintain a much clearer mind.  To me it is sideways money I call it.  Not even from my buy-in stack. 

It has worked and worked very nicely for me. 

Last week I won $1,000.00 relatively quick in the beginning.  I put $500.00 away and divided up the other $500.00 into four chances at $125.00 each to perform one successful, $125.00-$250.00-$500.00-$1,000.00-$2,000.00 (1 + 4 Side Parlay) block of bets.  After numerous hands and time, I lost the first 2 attempts.  On the third one, I did complete it.  $4,000.00 win.  So, I put the $4,125.00 in my pocket and that was locked up.

To me, that is a money management method at work.  Not having a $1,000.00 buy in and then forming an allocation of X amount of hands, based upon what is or has come out or worse yet, I will wager X amount of times on every hand following a single or double or a 4 IAR and then put the win money away or something similar to that.