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[Whiskeypete]

Does a sum ever post his method for bet selection....? He seems to avoid this....

[alrelax]

Bally from 2014.  Good reading, no.......great reading without a doubt.

[KungFuBac]

Kudos to the originator of this thread: Bally6354. Thx alrelax for repost.

Many excellent thoughts/comments, and I will mention just a couple below. I "think" I read this book years ago. However, I don't recall some of the paragraphs above. A great read and several phrases worthy of further exploration.

''If there is one thing I have learned about gambling, it's to recognize and respect streaks. This is true, incidentally, in all casino games."...

...If, for example, the cards favour the player for three consecutive decisions, then your next bet should either be player or you shouldn't bet at all! If you lose, you lose only one wager. If you bet against the trend, you can be suckered into betting and betting and betting. I have seen more fortunes lost by people who became emotionally committed to one position that went against the trend than through any other folly in gaming!..."

I did this once. Once and only once. Once being the key word.  My preference if I feel a strong need to go against a pattern is to make only two attempts, and if failed attempts, then I abort the mission. I do not switch sides at that stage in the streak.

"...is to take advantage of those times when I have a winning pattern going for me. And one of the ways I do that, take advantage of the good luck, is to keep playing.
The majority of people come into a casino and when they get lucky they quit to soon. They start out with a couple of hundred dollars, win $500 and walk out with the feeling that they have scored a tremendous victory over the casino. Those same people will come back time after time and drop $50, $100, $200 each visit, and without realizing it they still aren't ahead when they do get lucky. Because they quit playing too soon. Vegas casinos are so plush and luxurious because people don't always cut their losses but they cut their winnings!..."

IMO this is the nemesis for many players, and I see it every day. Many players simply will NOT allow themselves to win at the higher levels(> .5 or >100% of buy in). Yet willingly allow the casino to repeatedly take their buyin.
Its not so much a fear of losing as it is an unwillingness to win.

Any time I hear a player say something post trip: I'm not sure how much money I made, probably close to break even, BBUUUTT we had several great meals, and free hotel, and and and ,....etc. I know with great confidence they were playing just to break even and not playing to win.

Sometimes the W simply isn't there--that is the trip that we must simply limit the losses and if one does, the big W trips will neutralize/surpass that limited loss. Many do the exact opposite--limit the upside and lose without limits(i.e., buyin +).

IMO we should view our buyin as investment risk. Exhaust it and make the casino work hard for it, but most importantly limit the losing sessions. In other words be willing to win at the >=level of risk we are willing to undertake.

I remember the words of my greeeaatt uncle Confucius:

"Grasshopper, risk is the price one pays for opportunity."



Continued Success,

[Bally6354]

Hello guys, doesn't time fly! It doesn't seem like nearly 10 years ago since I started writing this up.
Even after writing this up and reading it again and again, it still took me years to get out of old habits and rewire my gambling mentality. That's why I still read here to get a daily dose of reality from Alrelax, AsymBacGuy and KungFuBac. You can really only appreciate what some people write when you go through certain stages of your gambling journey and the theory (especially a lot of my theory) sounded great, to me at least but it's a bit of an eyeopener to see that it can all unravel so quickly right before your eyes at the tables if you don't really grasp what the most important elements are to be able to win. So kudos to the three guys mentioned above as well as Renzoni for a lot of honest, real life experiences shared.

 

[alrelax]

It's in my book review section within my blog.

https://betselection.cc/index.php?topic=8988.0

I did a review on it a few years back in 2017.

Might be something else in there you guys like?

[Bally6354]

If anyone wants to read the Renzoni book for free, It's available at archive.org
All you need to do is register which is free and then type in Baccarat into the search engine and you will see quite a few of the more well known books available. It's the same site which runs the wayback machine which is pretty useful as well.

One of the best books on Baccarat I have read in there is Byron F Herbert's ''Power Baccarat 2''
There is a chapter in there on hit and run which is about how to keep your winnings and the mental aspect of playing Baccarat. I think that chapter is well worth a read.

cheers