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[WorldBaccaratKing]

That's the thing. He did send it in. He won big. And from there? he kept sending it in, and when he lost? he didn't go home. He got more and more and more until he had nothing.

Nobody is advocating spending countless hours grinding up 40 million $25 at a time. Winning 100k with a 2k bet is turning 1u into 50 units with a 5u bank roll. "getting hot" is a rare occurrence. How many times are you going to lose that first bet because you are 'cold'? how often are you going to lose those parlays because you are 'neutral'? How many more times are you going to buy in looking for that 'hot' streak?

"...could easily hit 100k..." Er... with a house edge slightly against you, it will always be slightly more 'easier' to not hit 100k parlaying your bets. It actually takes less over all losses to thwart a parlay, so winning more than half your bets is a hot streak, but an aggressive parlay can still fail in this environment.

And Archie wasn't letting it ride, he was trying to flat bet his way to unlimited wealth. So lets back up and buy in for 10k and flat bet 2k units and see just how hot that streak has to be to hit 100k in profit.

What "fear" are you talking about? The casino only fears cheaters and BJ card counting teams.

HBS

Well, I think most people who won 40 million would keep a little stashed like 5-10 million and you could live comfortably for the rest of your life.

What I'm saying is this. If you have 5k or 500 or 10k or 1k to go to a casino with knowingly that if you LOST, it's ok. Life goes on, your mortgage is paid, your car, etc. If you lose, that's entertainment. Myself, after 23+ years of gambling, I do not like to "grind" away, chip away, etc. I am there for one reason and one reason only, to win big or go home and enjoy my family.

Now, you may have some questions and I will try and explain. First off, what is a big score to me. To me, 10k is enough to satisfy me at one sitting. Now, if things are going good, GREAT!!! I will stay and win and make sure I keep 50-70% of what I won. That is for me, this will be different for everyone. Now, if I go 10x in a row and I pull out 10k and I have a 100k of the casinos money, I am going to PRESS my luck. Whatever my base unit was lets say 1 or 2k, that will now be 4-5k. 10k will now become 20 or 40k and I will be happy. That is how I look at it.

I have 3 reasons for this thinking in my life.

1) My time is valuable. I do not have time to sit and joke and be friends with people. I am there like its my job. My job is to extract money from the casino, that's the bottom line.

2) I have lost so much overall in 23+ years, me going there and winning 1k doesn't equal to 0.001% of what I am probably out overall (exaggerated a little), but you get my point.

3) See #2. 1k don't make or break me. I don't get phased by betting hundreds or a thousand of two a hand. Some people would "poop" themselves. I don't. Now, if I were betting 10k units, things I'm sure would be different. I just don't have time to pussy-foot around in a casino anymore. After 23 years I have seen enough and I know you won't grind away 1k a day or so and make millions. It happens once in a million. Sort of like hitting the slot jackpot for 5 million. Sure it will happen, but when and how many millions tried and lost? So, I don't go and take 5k and bet it on one hand. But I don't bet 25 dollars and work my way up. That to me is "retarded". I don't enjoy myself at a casino. Its not a place I visit friends or family. I don't like chit chatting with dealers or hosts or PB's or floors. See #1. My time is valuable.

So, to each their own. You have to have a PLAN FOR YOURSELF. My PLAN doesn't work for ANYONE except MYSELF and vice versa. Some people here are millionaires, some are paupers. Both are ok.

1k to me means probably squat to some and A LOT to others. But, if you enjoy that atmosphere, if you have no family/friends, are lonely, or grinding away, so be it. That is SUPER! It's just not for me, that is all I am saying.

I agree with how Archie PLAYED, I DO NOT agree with how he handled his MM.

[WorldBaccaratKing]

As far as fear goes. Casinos fear, Flynt, Packer, Ivey (not a whale-maybe close), Bilzerian "whales", with DEEP pockets. They can make or break a casinos quarter. If you don't think a casino fears these type of people, you are a novice gambler with much to learn. if you don't know who I mentioned, you have much to learn.

ANY casino FEARS these people. They know what CAN happen to them if they get hot. They also welcome them because OBVIOUSLY, a casino has the mathematical EDGE. Remember though, NO ONE KNOWS when VARIANCE will come into play. 1st trip, 10th trip, 100th? Unless you have a crystal ball, no one knows.

A guy who bets 100k to 1 million per hand, casinos fear.....

NO ONE on this board will be FEARED!!! That is for sure.........

[WorldBaccaratKing]

Lets take Al for a quick example because he has won more at once than probably anyone here.

Al won 190k at once. Lets say the next day he bought in for 190k and started betting 20k units or said F it, I am going for the GUSTO!!!! He started paying 40-50k units, knowingly he only had 4-5 units!!!! he didn't care, he was going for it!

Now, he started on FIRE! Won 10 in a row! his up a half a million!

Dinnertime. Al comes back and buys in for the 700k he has. Fires 100k a unit! Guy cannot lose and after 2-3 hours is up 2.3 million (23 units). You don't think a casino would be shitting themselves, a casino like foxwoods or you name the casino?

Lets say they fly Al in next week and he bets 200k units and wins 5 million! You bet your rear end they would become a little unglued and wonder wtf is going on!

Casinos do not have UNLIMITED funding. They are in such competition nowadays, the bottom line REALLY matters moreso now that EVER before. Look at the casinos that have closed down from AC to VEGAS and everywhere in between and look how many have popped up thinking they would be making BILLIONS and they are getting a small % of what they originally thought...Times have changed.

[WorldBaccaratKing]

Mars said it best. Casinos know that most people will fire when down and be cautious when ahead. That is how 99.9% of the people who gamble play. Ask yourself the same thing in the mirror and don't lie to yourself, that wouldn't be nice!!!

That USED to be me 100% spot on. Keyword is "USED". I realized that there is no possible way for me to play and recoup what I have lost.

If I go with 10k and lose. Sure it sucks. I don't go home and reload and go back the next day. I am not rich. I wait 3-6 months, save up and RETRY!!!!

that's it.

[Rolex-Watch]

I watched a couple of young Chinese players win quarter of million inside about 30 mins a few years back, betting $75 table max per hand, three of them (includes the GF) carried a few million in stacks of $100k plaques over to the cage, thought it was obscene that people could have so much money in a casino.  I posted about it at the time, apparently it didn't impress gr8???   

[alrelax]

Lets take Al for a quick example because he has won more at once than probably anyone here.

Al won 190k at once. Lets say the next day he bought in for 190k and started betting 20k units or said F it, I am going for the GUSTO!!!! He started paying 40-50k units, knowingly he only had 4-5 units!!!! he didn't care, he was going for it!

Now, he started on FIRE! Won 10 in a row! his up a half a million!

Dinnertime. Al comes back and buys in for the 700k he has. Fires 100k a unit! Guy cannot lose and after 2-3 hours is up 2.3 million (23 units). You don't think a casino would be shitting themselves, a casino like foxwoods or you name the casino?

Lets say they fly Al in next week and he bets 200k units and wins 5 million! You bet your rear end they would become a little unglued and wonder wtf is going on!

Casinos do not have UNLIMITED funding. They are in such competition nowadays, the bottom line REALLY matters moreso now that EVER before. Look at the casinos that have closed down from AC to VEGAS and everywhere in between and look how many have popped up thinking they would be making BILLIONS and they are getting a small % of what they originally thought...Times have changed.

Pretty much spot on, and that's why they have those limits.  It takes pretty hefty chuck of front money to go north of the table limits, if they let you go above table max and you got a shot at their money, they want to make sure that the player has a certain amount on deposit to allow the casino the extra risk for doing so.

There is a reason the limits are the way they are and it has a lot to do with going on hot streaks and great runs for the players.  It has been well calculated on the casino's end, believe that. 

Take Southern California for example, I know 2 large casinos that used to be $5k and $10k limits until the end of 2013.  Now they are both $3k limit.  If you want just a darn $5k limit you have to deposit at least $100k cash or have a $100k credit line and they will jack the min. to $200 or $300 a hand. 

[soxfan]

I think it's a given that most cats who buck up against the baccarats game are doin so without sufficient capital, hey hey.

[Mars Rocks]

Here's an article that was written at a time he had only run it up to $17Mil.  This is the article I first read about the man.
http://www.cigaraficionado.com/webfeatures/show/id/Gambling-Gamblin-Man_7761

"I've been a millionaire over 50 times and dead broke more than I can count. Probably 1,000 times in my life," Archie recalls. "But I sleep the same whether I have ten or ten million dollars in my pocket."

Are you absolutely kidding me?! I mean FORK! You can't accept your own losses!? I thought that is how you defined a gambler? ".... accepting the outcome of your wagers..." You lost! accept it and go home.

Are you telling me you re buy in after you lose your BR? So it is YOU that is the THEY in "THEY DON'T ACCEPT LOSING.....THEY GET MORE MONEY AND TRY TO WIN THEIR LAST ROLL BACK..."

I have to admit I don't sleep the same whether I lose or win.  I'm big enough to admit it too.  You see the problem is in other areas of my career, when things go wrong or I don't understand something, I spend whatever time it takes to understand and fix it.  This attitude works well everywhere else except the casino.  But I'm learning and over time and improving.  I'm also not Archie who can go broke and not worry about it.  Archie could.  It's also very likely the same reason I can't run it up like he does.  If I have a good win I actually become happy and stop gambling.  Things are right with the world.  But Archie had a completely different psyche, one I need if I'm going to run it up; which I'd like to do and become famous.

Well, you sure seem to be '...an intelligent gambler that has it all worked out.."  You want to borrow some money?

I don't borrow money.  I did once have a credit card but I have paid it back and no longer care to have one.

Take your own advice, and spend the next 80 years practicing without real money.

Nah, I tell others that because they will lose if they gamble and I'd rather see them not destroy their lives.  I choose to gamble thanks.  I also see much more in gambling than someone who just wants to work out a system and win.  Much much more.  It's still improving my life even if I lose money.

That's only my advice for you and others ok!  I don't care if you don't take the advice but at the same time my conscience is clean.  Now listen up...you'll do yourself a huge favor by stopping gambling.


As far as leaving credit cards at home etc., well yes I do that and did know that one *sigh*.  If I've recently earned plenty of money I don't heed that advice though, but yeah, I do that mostly.  As far as not going back for two weeks, well yeah, I can add to that...you can go back and not take money and use up the comps and free meals and drinks that they give you.  You can also write out histories and keep scorecards with play money and talk to your friends for that period.  It will still clear your mind.  The big thing is not to take money, if you do you'll bust.  If you don't though you'll likely have a wonderful time.

[Mars Rocks]

I think it's a given that most cats who buck up against the baccarats game are doin so without sufficient capital, hey hey.

Well you can also reduce your minimum bet, assuming it's not below $10 yet, or even less at an online casino.

But it's a trade off between betting small which makes you bored and betting meaningful amounts to enjoy the game at the risk of going broke.

[Mars Rocks]

Mars said it best. Casinos know that most people will fire when down and be cautious when ahead. That is how 99.9% of the people who gamble play. Ask yourself the same thing in the mirror and don't lie to yourself, that wouldn't be nice!!!

That USED to be me 100% spot on. Keyword is "USED". I realized that there is no possible way for me to play and recoup what I have lost.

If I go with 10k and lose. Sure it sucks. I don't go home and reload and go back the next day. I am not rich. I wait 3-6 months, save up and RETRY!!!!

that's it.

Hear hear.

I have to admit I'm still reasonably new to baccarat and I still have this wrong attitude and I know to lose it and I will. 
I've played many other games though and for quite a while even the machines.  I've had some spectacular runs on the machines since I discovered a different pysche that I could never have achieved playing my old classical way, which is actually why I kept playing them for so long, I got so obsessed with a world of discovery.  At the end though they always got their money back and I decided a house edge of 10% is too much for me.  That's why I've changed to baccarat.  But the game is so different and I still can't find the psyche I need for it.  BUT I WILL!  When I do I know the casino will change to a magic world again.  I think the casino won't know what hit them when it happens.

[HunchBacShrimp]

Well, I think most people who won 40 million would keep a little stashed like 5-10 million and you could live comfortably for the rest of your life.

What I'm saying is this. If you have 5k or 500 or 10k or 1k to go to a casino with knowingly that if you LOST, it's ok. Life goes on, your mortgage is paid, your car, etc. If you lose, that's entertainment. Myself, after 23+ years of gambling, I do not like to "grind" away, chip away, etc. I am there for one reason and one reason only, to win big or go home and enjoy my family.

Now, you may have some questions and I will try and explain. First off, what is a big score to me. To me, 10k is enough to satisfy me at one sitting. Now, if things are going good, GREAT!!! I will stay and win and make sure I keep 50-70% of what I won. That is for me, this will be different for everyone. Now, if I go 10x in a row and I pull out 10k and I have a 100k of the casinos money, I am going to PRESS my luck. Whatever my base unit was lets say 1 or 2k, that will now be 4-5k. 10k will now become 20 or 40k and I will be happy. That is how I look at it.

I have 3 reasons for this thinking in my life.

1) My time is valuable. I do not have time to sit and joke and be friends with people. I am there like its my job. My job is to extract money from the casino, that's the bottom line.

2) I have lost so much overall in 23+ years, me going there and winning 1k doesn't equal to 0.001% of what I am probably out overall (exaggerated a little), but you get my point.

3) See #2. 1k don't make or break me. I don't get phased by betting hundreds or a thousand of two a hand. Some people would "poop" themselves. I don't. Now, if I were betting 10k units, things I'm sure would be different. I just don't have time to pussy-foot around in a casino anymore. After 23 years I have seen enough and I know you won't grind away 1k a day or so and make millions. It happens once in a million. Sort of like hitting the slot jackpot for 5 million. Sure it will happen, but when and how many millions tried and lost? So, I don't go and take 5k and bet it on one hand. But I don't bet 25 dollars and work my way up. That to me is "retarded". I don't enjoy myself at a casino. Its not a place I visit friends or family. I don't like chit chatting with dealers or hosts or PB's or floors. See #1. My time is valuable.

So, to each their own. You have to have a PLAN FOR YOURSELF. My PLAN doesn't work for ANYONE except MYSELF and vice versa. Some people here are millionaires, some are paupers. Both are ok.

1k to me means probably squat to some and A LOT to others. But, if you enjoy that atmosphere, if you have no family/friends, are lonely, or grinding away, so be it. That is SUPER! It's just not for me, that is all I am saying.

I agree with how Archie PLAYED, I DO NOT agree with how he handled his MM.

I would like to think that everyone who went from nothing to 40million would stash away some cash along the way. And that's my point, only a complete fool would do what Archie Karas did. As far as I can tell he had absolutely no MM plan. There is no justification labeling this guy as the greatest gambler ever.

I have no contention with your 'agreement' with his style of play. An aggressive up as you win approach. But Archie had no plan as you say. He never recognized or accepted the fact that he had hit either a plateau or the peak of his winning run. Your win big or go home broke style is not the same thing Archie did. You have a stop loss of 50 to 70 percent of your profit once you reach your win goal. Archie did not, plus, your bust out is only a minor set back, you have a means to continue to generate income outside the casino. Archie played until he was completely broke, and gambling was his occupation.

I hate to hear 23 yrs of gambling has built a mountain of losses that +1k a session won't even begin to climb. But, I'm glad that it hasn't destroyed you. You still have a family, important assets paid off, and a means to continue to generate a relatively large buy in that won't adversely affect your finances if you lose it.

I'm a little curios why you continue to go. You don't seem to have much hope of recouping your losses, and you don't need to, which is the best part. So with the high value you place on your time coupled with your disdain for the casino environment why do you still go? I don't see your motivation. I can only imagine that your aggressive approach is still accumulating losses. If it wasn't then you wouldn't have expressed your recoup as being hopeless. Why continue to give the casino money when you don't like doing it?

I don't want to say I agree with how Archie played. But I will say I agree with increasing your unit size as you accumulate a surplus of casino money. I agree, nobody is grinding up millions of dollars winning 1k a day betting $25. Triple your bankroll and double your unit size, rinse and repeat, see how far it takes you. And when you lose? reset back to your original unit size, start over and BANK THE REST. You're a Winner.

...... Ok, I agree there is something to be feared by a whale getting on a hot run betting millions of dollars per hand with no limit. And in the most unlikely extreme of an extremely unlikely event that a 'shrimp' parlays his winnings into 'whale' size bets during the hottest run of good luck imaginable. I do say " if you are going to dream, dream big". Still, casino really has very little to fear, they aren't forced to take your action. They have the authority to ban you, or reduce table limits. Striking fear in the heart of a casino isn't really a good goal to have, it's like having an overwhelming desire to get fired from the best paying job you ever had.


Yes I bet more after I lose. Not immediately like a marty. No need to look in a mirror, I'm honest with my play, I'm aware of what I'm getting myself into. And yes, I bet less as I recover prior losses, protecting the units I've regained. But I disagree with casino's knowing and banking on what 99.9% of gamblers do. And we may be talking about the same thing from a different perspective. But I think casino bank on the fact that 99.9% of gamblers are underfunded to survive the medium to larger swings in variance. And that after a series of wins, the average bettor will not recognize the corresponding and EQUAL number of losses as normal and increase their unit size and lose more money than they won in less bets.

HBS

[soxfan]

Some joints do indeed sweat the cake. A buddy of mine got the gavel from a joint in the Reno NV a few years back simply for grinding the don't's usin the Star system and winnin regular. And, I know another cat who got the gavel from several joints in the mid-west simply for once again winnin regular grinding the donts' at the dice tables, hey hey.

[HunchBacShrimp]

Mars,

Look, you probably wouldn't give me ten dead flies for any advice I had to offer. I bear you no ill will. But you got some things you need to work out.

If you don't sleep the same after a loss than you do after a win, it's a good indicator you aren't using disposable income, or you are too wrapped up in gambling.
Obsessed with a world of discovery is playing right into the hands of the casino.
Baccarat should have been your first game, or BJ if you can count. Machines? NEVER, unless you are searching out a player advantage on the VP machines.
What different psyche are you talking about for different games? This sounds like a 'lie of imaginary benefits' to justify losses.
You aren't going to achieve such great success that 'the casinos won't know what hit them'. This is delusional.
The casino isn't a magical place, and you should never strive to see it that way again. You need to be deeply rooted in reality and see the casino for what it is at all times. Which is not a glamorous place at all.
" It's still improving my life even as I lose money"  more delusion
A desire to be famous from gambling and idolizing the biggest loser of all time? worst motivation to gamble ever.
Being incapable of betting small because it's boring, needing to bet big with the risk of going broke to really enjoy yourself? Only if you enjoy being broke

and you aren't getting it. The entire casino is an assault on your senses, after a loss you need to stay away. This does not mean 'don't bring money, but hang out for dinner and comps' Don't go, don't talk about it, don't think about it.

I suspect there is little to no hope of you coming around to your senses, you seem too far gone already. People believe what they want to believe, the worst lie is the one we tell ourselves. However, as long as you are happy, that is all that matters.

HBS

[Mars Rocks]

@HBS, I've got 2 dead flies already.  I'll get the rest for you over time.  I'll keep them in a matchbox and gift them to you when I'm on the high roller table in the US one day and someone points you out to me.  I'll buy you a drink too though.

[HunchBacShrimp]

@HBS, I've got 2 dead flies already.  I'll get the rest for you over time.  I'll keep them in a matchbox and gift them to you when I'm on the high roller table in the US one day and someone points you out to me.  I'll buy you a drink too though.

More delusion

Whatever gets you through the night

since you're having trouble sleeping


HBS